Three investment mistakes that will drain your portfolio during the coronavirus outbreak

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These 3 mistakes can cost investors money during a crisis, behavioral finance expert John Forlines III says. investinyou (In partnership with acorns.)

It's been a wild start to 2020 for anyone keeping track of their portfolios.

And according to behavioral finance expert John Forlines III, a professor at Duke University, moments like these are where vulnerable investors will make their biggest mistakes. Forlines says that people tend to put off decisions until the last minute and, especially with investing, rush in at the wrong time.

He says these decisions will be made even worse by another human tendency: "availability bias." Simply put, that means humans tend to overvalue the importance of recent events. This can lead to an investor chasing headlines at the expense of their long-term strategy. Forlines says having a plan and sticking to it is the best way to reach rational decisions. Check out this video to learn the other major mistakes investors make and how to correct them.

 

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acorns Thanks for the detailed. I will work on those mistakes

acorns

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acorns We should learn from our mistakes 😒

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acorns There is only one biggest mistake that will cost investors all their money during crisis - listening to CNBC 'investment' advices! CNBC is on a mission to help FED to redistribute wealth from clueless hard working people to 10% wealthy people. Shame on CNBC.

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acorns ...all due respect...if you are smart...and paying attention....may I ask..WTF?...in a sit gentle tone...

acorns 3 worst enemies of investors – media, markets & emotion.

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acorns There is only one mistake that will cost investors all their money during crisis - listening to 'investment' advices! is on a mission to help FED to redistribute wealth from clueless hard working people to 10% wealthy people. Shame on .

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acorns screw your secretary, screw your best friend's girlfriend, screw your neighbors's maid....big behavior crisis...everyone gets Covid...

acorns In the words of Mike Tyson. Everyone has a strategy until they get punched in the face.

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KennethHowardC3 acorns 3 mistakes that will cost you during a pandemic.. 1) You have a job deemed unnecessary 2) You believe in or at least believe some media 3) You think this is all planned and normal

acorns thanks for this news

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acorns Jane Fonda called the COVID-19 pandemic 'God's gift to the Left.' that tells the opportunism of the Democratic Party. Do they care about the 200K+ Americans, or do they consider these unfortunate victims to be props to use in the anti-Trump drama they subject us to day after day?

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acorns Great video!

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acorns Oh no! Not the multi-millionaire Wall Street speculators! How will we ever recover from this crisis if the RICH aren't provided for!?

acorns Genius fuktard.

These 3 mistakes can cost investors candy during a crisis, behavioral finance expert John Forlines III says. investinyou (In partnership with acorns.)

These 3 mistakes can cost investors candy during a crisis, behavioral finance expert John Forlines III says. investinyou (In partnership with acorns.)

acorns Buying the dips?

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acorns 1 watching cnbc

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acorns Totally worthless info, imho.

acorns 3 mistakes Commercial real estate (malls) Traditional car companies (not tesla) Classic retail companies

acorns Don’t sell when everyone is freaking out Don’t buy RCA Don’t sell naked puts

acorns Every time this is B.S.

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acorns Believing the BLS?

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acorns His misspelt don’t invest in retail, oil, and energy.

acorns the greed of the super rich suits an big oil will fall but see to make up the loss they up the prices at the gas pumps greed of government to stay super rich suits

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acorns Gee, I wish I could of held on to my Enron shares.

acorns Will enough corporates jump off zoom, pack into planes, get a hertz rental—And then put on their masks to load up on a $1,000.00 heart attack❤️dinner at Ruth Chris?

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acorns easy peasy, 3 investment mistakes 1. Listening & reading to all the crap from Bloomberg, CNBC & other news have to say every day about business & investment. 2. Don't study & do your homework. 3. let fear, panic, optimism guide your investment decisions.

acorns Or governors destroying our businesses at their whim......

acorns 1) SPY options 2) SPY options 3) SPY options

acorns Why doesn't China abide by American Law?

acorns Any kind of investing will. The next 20 years the market will go down all the time.

acorns You should always take free financial advice from Concast and the CNBC hedge fund boiler room operation disguised as business news lol

acorns Listening to what you read on CNBCs twitter account is one.

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acorns Shorting $rng would be one of them. Buy $rng this week. By Wednesday.

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acorns he greed of the super rich suits in the stock market going broke

acorns hum, listening to the themotleyfool should be on top of this list

acorns Not one for clickbait, but for anyone who is: is 'taking investment advice from CNBC' on there? If not, why not?

acorns why don't you say something about Capricorn (CAPR:NSDQ) ? THEY CURED 100% OF PEOPLES ON VENTILATOR .. WITH FDA APPROVAL...that is a news !! because until now death rate of peoples on ventilator was 80% and they reverse that.

acorns That's not necessarily effective to all firms!

acorns 'Herd Immunity' = young healthy people needlessly contract an unknown virus, that may reactivate at a later date in terrible ways like HIV does, by going back to work for $12.00/hr, so that Boomers can make a slightly higher return on their portfolios.

acorns Meanwhile, I keep wondering, is Wall Street immune to the Coronavirus?... Or, perhaps the vultures are waiting for the Dow to surpass the death count so they can make a killing...

acorns This dude is not a behavioural finance expert.....c’mon. Step up your game and post some actual experts. This guy can’t even buy an HD camera to record his elementary post.

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