Are you overconfident in your investing?

Too many trades actually decrease your return.

Beginning investors need the right amount of confidence. Photo by Ryan Moreno via Unsplash.

“Almost everyone’s instinct is to be overconfident and read way too much into a hot or cold streak.” — Nate Silver

Overconfidence leads to more trading

Trading is costly.

Even discount brokerage trades add up, and detract from the returns of your portfolio. Sometimes trades do have to be executed, in order to rebalance the portfolio, or if goals have changed or timelines have changed. But a lot of trading activity can be detrimental.

You’ve probably heard the expression, “A rising tide lifts all boats.”

Nearly everyone’s portfolios have grown.

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