Top 5 Pitfalls Investors Should Avoid

No. 3: Looking for confirmation

There’s nothing wrong with wanting to ensure that you are making the right choice, but when it comes to investing, always looking for confirmation can quickly become your downfall. So what does looking for confirmation entail? Well, if you’re only looking for information that validates your opinion or you surrounded yourself with people that have the same point of view, you’re looking for confirmation. Because you dismiss any information that might be contrary to what you believe to be the right choice, you can easily become biased and make the wrong decision.