Seems hard to remember for me…
any tips mnemonics ideas?
Seems hard to remember for me…
any tips mnemonics ideas?
Cognitive: FICAMARCH, Emotional: LOSERS
Generally you can mitigate cognitive through education. Emotional are more likely to be accommodated for unless the investor has a low tolerance for risk at which point we much do something to ensure they don’t lose all their hard-earned…
I am actually talking about more specific impact and mitigation.
I.e. high portfolio turnover, holds stocks for long etc…
and steps like look at all outcomes with equal rigor, recordkeeping etc.