In this eye-opening episode of Limitless, Dr. Thaon Simms & Dr. Matthew Preston break down the TOP investing mistakes that cost beginners serious money! 💸 From analysis paralysis to FOMO, we're sharing the psychology behind why even smart people fail at investing.
What You'll Learn:
✅ Why 60% of investors think they're experts but only 25% beat the market
✅ The overconfidence trap that leads to bad decisions
✅ How herd mentality makes you buy high and sell low
✅ Diversification disasters - too many stocks vs too few
✅ Confirmation bias and why we hold losing positions too long
✅ Why frequent trading actually hurts your returns
We're getting REAL about mistakes we've both made and sharing the lessons that transformed our investing approach. From missing out on 25% gains due to analysis paralysis, to holding losing positions too long based on "hopeium" - these stories will save you money! 📈
Key Takeaways:
🎯 Start investing with smaller amounts to learn without major losses
🎯 Always ask "what if this doesn't work out?" for every investment
🎯 Buy the stocks nobody's talking about, not the trending ones
🎯 Find your sweet spot for diversification (hint: it's probably fewer stocks than you think)
🎯 Cut losses early instead of holding onto "hopeium"
Remember: We're not financial advisors - always consult your broker or financial advisor before making investment decisions! ⚠️
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💬 What investing mistakes have YOU made? Drop them in the comments - our community learns from each other!
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⚠️ Disclaimer: The opinions expressed in this podcast are solely those of the hosts and do not constitute financial advice. Please consult a financial advisor before making any investment decisions.

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