Jumping in when the share price is at its highest
A US researcher suggests an aggressive approach that brings surprising results (before taxes and trading costs)
28 March 2024 - 08:00
There is a mistake I have seen both beginners and seasoned investors make repeatedly over the years.
It’s scary how easy it is to make this mistake, because all living things have an inbuilt default contrarianism that isn’t so contrarian at all. That mistake could be summed up as “The market has run, so I can’t buy it”. This is a derivation of a concept in behavioural finance known as regret avoidance...
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