How Not to Be Your Own Worst Enemy
Special Guest Dan Bortolotti
Do you know how hard it is to find a decent full size picture of Dan Bortolotti online? Anyway, this one might not be like any other on the site, but then again, Dan isn’t like any other guest we have had on the show.
Dan Bortolotti is the writer behind Canadian Couch Potato, a blog about simple, low-cost index investing that has changed the way lots of Canadians invest (for the better). He’s also a journalist, a regular contributor to MoneySense Magazine, and author of nine books, including The MoneySense Guide to the Perfect Portfolio, Hope in Hell, and Wild Blue.
On top of all of that, he’s a licensed investment advisor who works closely with the team at PWL Capital on the DIY Portfolio Service.
You can read his complete bio here, check out the Canadian Couch Potato by clicking the image below, or you can watch Dan live on Episode 15 of the Because Money Podcast where we examine a number of behavioural biases and how investors can overcome them.
Even the most steadfast investors can fall victim to their own destructive behaviour when it comes to managing their money. We tend to be overconfident and take on too much risk with our investments. We toss aside a carefully thought out investment plan the moment Mr. Market decides to have a temper tantrum.
Investors who’ve just started to build a portfolio within the last five years have only known the market to go one direction – up. The crash of 2008-09 is a distant memory as our recency bias takes over and we forget how risky stocks can be in the short term.
So for those of us who keep 100% of our portfolio in Canadian stocks (home country bias) or who’ve held on to a losing stock because we’re waiting to break even (framing), we’re fortunate to have Dan Bortolotti on the show this week to help us train our investing brains.
Dan is the editor-at-large at MoneySense and the blogger behind Canadian Couch Potato. His most recent MoneySense article – Train Your Investing Brain – examines a number of behavioural biases and how investors can overcome them.
We’ll talk about the reasons why our biggest problem as investors is likely to be ourselves.
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How Not to Be Your Own Worst Enemy,
Special Guest Dan Bortolotti Even the most steadfast investors can fall victim to their own destructive behaviour when it comes to managing their money. We tend to be overconfident and take on too much risk with our investments. We toss aside a carefully thought out investment plan the moment Mr. Market decides to have a temper ...
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