Business
Growing pains, or something worse, for Kogan? – The Motley Fool Australia
A major share price fall is painful, but if you get the psychology of investing right, it’s unlikely to cost you all that much overall.
I write about the psychology of investing a lot.
That’s because I think it’s the area of investing most likely to help you succeed – and most likely to be responsible for failure.
Sure, it’s possible that you get your analysis wrong on a given company, or even a whole sector.
But that error is unlikely to cost you all that much, in the overall scheme of things… if you get the psychology of investing right.
See, the basics are straightforward:
– Diversify.
– Invest small amounts, regularly
– Don’t…
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