7. More Consistent Investment Strategy The understanding of why people invest psychologically leads
7. More Consistent Investment Strategy
The understanding of why people invest psychologically leads towards more consistent decisions. Because of this, the investor jumps less between strategies based upon short-term movements in market, and there is consequently steadier portfolio growth.
8. No Herding
Psychological awareness helps investors resist following the crowd. They tend to avoid making decisions on the basis of market hype and speculation, thus making smart and independent choices