In this episode, we’re highlighting five more missteps that investors seem to make time and time again. Yuko Girard, Portfolio Manager on the Multi Asset Management Team at Scotia Global Asset Management returns to cover everything from ETFs vs. mutual funds, passive vs. active management and even how psychological factors like loss aversion or FOMO can hamper your investments.
Check out Yuko’s first installment for more common mistakes to avoid.
For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures
Key moments this episode:
1:36 - Common investing mistake #1: Not fully understanding what it is that you’re buying. For example, what's the difference between an ETF and a mutual fund?
7:07 - Common investing mistake #2: Being impatient
8:52 - Common investing mistake #3: Letting your emotions drive your decision making. For example, the phenomenon of loss aversion
11:54 - Common investing mistake #4: Falling for the FOMO trap
13:30 - Common investing mistake #5: Overestimating your ability to invest on your own
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