On this week's episode, Damien discusses seven of the main behavioural biases that can affect your investment decision making and hurt your investment returns. Damien also explores crowdfunding, the potential rewards, risks and examples of crowdfunding successes and failures. Finally, Andy looks at financial planning week and the free tools and advice that are available for those wanting to sort their finances.
Thank you to our sponsor Lightyear
This show is sponsored by Lightyear, a new, straightforward platform offering a Stocks & Shares ISA. With no account, subscription or custody fees, Lightyear’s Stocks & Shares (S&S) ISA will be 10 times cheaper than the average market provider over 10 years (based on research conducted by Capital Economics) and its Cash ISA offers easy access to the Bank of England base rate. Both accounts are flexible, so you can withdraw and re-invest without affecting your annual limit. Capital is at risk and ISA rules apply. Other fees - like foreign exchange fees - may apply. Lightyear UK Ltd is authorised and regulated by the Financial Conduct Authority
Watch the whole show on YouTube here:
Check out this week's podcast article on the MTTM website to see the full list of resources from this week's show.
00:00 - Celebrating 15 Years of Money to the Masses
02:43 - Understanding Behavioral Biases in Investing
19:46 - Mitigating Investment Biases for Better Decisions
20:13 - Understanding Crowdfunding: An Overview
21:02 - Types of Crowdfunding Explained
23:27 - How Crowdfunding Works
24:05 - Potential Rewards of Crowdfunding
25:40 - Risks Involved in Crowdfunding
28:03 - Behavioural Biases in Crowdfunding
30:28 - Final Thoughts on Crowdfunding
30:44 - Financial Planning Week Overview
31:00 - Get a Free Financial Review
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