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Investor Psychology: The Secret to Building Wealth
Episode 1418th February 2025 • Invest Like A Pro • Manish Kataria
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In this episode, we delve into the crucial role of mindset in becoming a successful investor.

I chat with Peter Dean, a seasoned investor and coach in my Investment Academy, about what sets top investors apart.

Have you ever wondered how to think like a successful investor? Are you curious to understand the psychological barriers that might be holding you back? Peter shares his insights on maintaining a rational mindset, avoiding emotional pitfalls, and the importance of long-term thinking.

Don't miss out on these invaluable tips to secure your financial future!

Thousands have learnt via our Investment Academy - learn more here:

https://investlikeapro.co.uk/academy

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IMPORTANT: Your Capital is at Risk. Investments may not be covered by the FSCS. This is NOT investment advice - for information purposes only. Please seek advice from a regulated advisor before investing. The value of investments can fall as well as rise - don't rely on past performance.

Transcripts

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Welcome to the invest like a pro podcast, teaching you diversified

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investing with a simple set and forget approach to stocks and options, build

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inflation beating wealth for your future and recurring income for today.

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And now your host, former JP Morgan, investment manager, Manish Kataria.

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Hello and welcome back., In this episode, we'll show you how

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having the right mindset is crucial to your success as an investor.

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So today I've got a very special guest with us.

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Peter Dean.

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Now Peter is a highly successful investor in his own right, and he's also a coach

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on our investment academy program.

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so Peter runs the investor mindset class on our program.

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And actually today's episode, is all about investor mindset, and he's going

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to explain how important that side is.

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how we think about investing is really what separates successful

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investors from the average ones.

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And that's why I thought, this episode would be really important

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for us to just get that grounding in terms of how you think.

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As an investor, and usually, if someone's looking to invest, the first question

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you might ask is, well, which stocks should I be buying, or, which ETFs

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or which funds or options or crypto coins, and inside which platforms?

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Now, all of those things are really important questions.

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And we absolutely have to cover those off.

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And and we cover those in our investment academy very, very clearly, we give you

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all of that information in a clear way.

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But that's not what we master first.

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we first focus on how to think like an investor, and that's the critical

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thing because, that's really what's going to move the needle and help

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you secure your financial future.

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That's why, after doing the Investment Academy.

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So many people leave, as successful lifelong investors.

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we don't just tell them what to invest in.

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We train them how to invest in any situation for the long term.

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And that really comes down to how to think as an investor, which, which

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Peter is going to explain and go through in a bit more detail with us today.

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And really that's why people obtain great returns over the long term.

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If they're able to think.

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In the proper way and think as an investor, so, I know Peter, you're going

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to explain a lot more, about, what I've just talked about there by way of an

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intro, Peter is a successful, multi asset, investor across, different asset classes,

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different, across property stocks, options, crypto, So, and regular ETFs.

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Peter also qualified as, an investment coach.

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as I mentioned, he's a coach on our investment academy.

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So welcome to the podcast, Peter.

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I guess two questions.

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Did I, explain all of the asset classes, you're invested in?

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Did I miss anything out?

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No, I think you've got them all.

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Thank you, Manish.

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And thanks very much for inviting me to your podcast.

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Looking forward to it.

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Great.

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Okay.

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So glad we've covered all of that off.

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So I guess the first question for you, Peter, before you dive into, you

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know, your content, which is super fascinating by the way, what do you

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think makes a successful investor?

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what do you think a, a good investor, how do you think a

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good investor thinks differently compared to an average investor?

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Sure.

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Good, good.

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Great question.

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I think one of the, it's an equal balance between having the knowledge.

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But having the right behaviors and being aware of your behaviors and being as,

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as, as calm and as rational as you can possibly be, when you're investing.

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And that isn't always easy.

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That isn't always easy.

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So when I, I trained as a financial coach, and one of the things that fascinated me,

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during that training was understanding how your mind works in relation to money.

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Because money is a very emotional topic.

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Really, it's, it's ridden with emotion, good and bad at times.

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and everybody thinks when they're making investment decisions that they're

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behaving rationally, nine times out of 10, it's your emotions that are

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driving that decision rather, rather than your, your, your rational mind.

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And, I'm trying to explain that it's, everybody knows rationally what to

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do in terms of managing that money.

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Okay, you all, you all, everybody knows, we all know that, the

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secret to being building wealth is.

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Don't spend everything you earn.

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Save and invest the difference wisely.

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There you go.

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Everybody knows that.

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All right.

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That's no rocket science.

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That's the secret of financial well being.

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But why don't we all do it?

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if we all did it, we'd all be successful investors.

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None of us would have any, any bad debts.

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we'd all be able to retire early with a great pension,

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with a great big pension fund.

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If only, if only, our mind sometimes gets in the way and trips us up.

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Absolutely.

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And, and, and that is so critical because when in the day to day sort of action

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of investing, when we're looking at our portfolios, it's hard to separate the

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emotion from the rational side of things.

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and, and also just related to what you said, information is all around us.

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So we can, you know, if you wanted to learn about stocks and, various

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other investment vehicles, there's tons of information out there

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on, on YouTube, everything else.

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Yeah.

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But really the key thing is how do you go about implementing that?

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How do you go about thinking about investing and not just today, but, Around

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the corner when there are events going on, when there's market volatility, if

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there's a bit of a, like we saw during COVID, we had a, you know, a crash.

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What do people think around those times?

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What is the correct way to think, right?

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Absolutely.

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Absolutely.

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Yeah, absolutely.

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You need to be aware that sometimes your mind, well, normally, always,

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your mind will wander and do things you don't want to do, first of all.

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Okay, it'll be too excited, it'll be too scared.

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It'll be, it'll be too angular, it'll be frustrated.

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That's, that's how your mind works.

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And, and, when we get a chance, Fight or flight.

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Exactly that.

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Fight or flight.

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Exactly that.

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And, and we'll go into that in a little bit more detail when I show a couple of

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slides and that's one of the things we need to be aware of, and the last, the

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worst thing we can do is fight that.

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We need to be aware of that, understand that it's going on, and

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develop tactics to let it calm down, to let your mind calm down before

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you make any investment decisions.

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Absolutely, absolutely.

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It's so important.

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I mean, we were talking about this the other day, and we were talking

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about, we've had, We had the last significant market crash was during

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COVID, which is actually about was about five years ago now, right?

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I look back at that time, and, I was buying around that time,

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buying some investments, thinking about, picking up some bargains.

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But actually, if I look back now.

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I would so love to turn back the clock and just buy up a lot more, right?

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Because it was, now it looks so obvious that it was Yeah,

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yeah, yeah, of course it does.

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it's short term interaction.

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But if you remember that time, we were all just, running scared.

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It was that, that whole fear and every instinct in our body was telling us

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to get out of all of our investments.

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Exactly.

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And looking back now, we should have been buying.

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But you know, all of this comes down to mindset, right?

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Yeah, absolutely.

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What you're going to be talking about.

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Absolutely.

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Yeah, yeah.

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Shall I, shall I share a couple of slides?

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Yeah, let's let's share some information.

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Now, if you're listening to this on the podcast, obviously, you won't

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have access to the slides, which Peter is about to share with us.

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But what we'll do is we'll, we'll put the we'll put the slides and

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the images into the show notes.

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So you'll have access to them.

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those while you're listening in.

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So yeah, feel free to share some information there, Peter.

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Okay, so the first, the first point I want to make, and just, just a few slides

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to talk through here, is that we're not biologically wired to be good with

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money, or for that matter, investing.

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And, and the reason why that happens is that our brains were

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formed millions of years ago.

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prehistoric man, primitive man, that's where our brains

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had their, have their genesis.

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And, life was very, very tough there.

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They had two things to do, basically, to hunt for food and

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avoid being hunted for food.

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And life expectancy was, well, roughly about mid 30s or something like that.

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So, life was very short.

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There was no long term future.

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Everything was very much in the moment.

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Although their senses had to be primed to danger and been able to fight or flight

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as you mentioned earlier, and that's how our brains were formed during that time.

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And because they're the longest, most established part of our brain, that, that

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is where our prime emotions come from.

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That primitive man is where our emotions come from.

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But any decision, not just money, not just investing, but in particular

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money or investment because they're loaded with emotions.

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There's a great book called The Chimp Paradox by, by Steve Peters.

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That goes into this and explains it really well in a really simple way.

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Steve Peters, some of your listeners may be aware of the name.

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He was one of the coaches, did some work with the British Olympics team for 2012.

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And he's done some work with other famous sportsmen since.

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And he explained that the three main parts of our brain work together.

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And that they are the frontal part, which is our human part.

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The limbic.

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Which is our original chimp part, he refers to it as.

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So that's, that's the bit that dates right back down to, right, right,

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way the way back to prehistoric man.

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And the paratial part, which is the logic part of the computer,

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where we store information.

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Where, it's our shortcut to information.

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It's where we don't have to think about every single thing we do, because we

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instantly know that that's how to do it.

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Such as tie our shoelaces, or make a cup of tea, or anything, anything like that.

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We store all that information.

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It's, it's, it's instantaneous.

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now, the, the, the important part to remember about how these paths work

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together is that your chimp part is five times stronger than your human part.

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So that's the bit that is, is built in to protect prehistoric man and to, and

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to make it a successful hunter gatherer.

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It's, it's very emotional, it's very quick, it's very spontaneous,

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it's very in the moment.

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and which can be both good and bad, but the point is that it's instant.

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It's quick.

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It's very, very, very emotional.

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If you try and argue, imagine yourself trying to argue in your mind with that,

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with the chimp, but you won't win.

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Your logical part, which is your human brain, it won't win that in the

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time because the chimp is stronger.

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Our emotions are stronger than our logic.

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At this time.

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So the trick really is to let it calm down.

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It wears itself out.

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It can't.

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It takes up so much energy, so much energy.

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Imagine when you're frustrated about things or you're angry or

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you're emotional or you're happy.

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It uses a lot of energy.

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So it takes up so much energy from our minds, but eventually it does calm down.

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So need to be aware when that's happening in an investing context, but

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also but also in your everyday life.

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It's useful to have in your everyday life.

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Let it calm down.

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How many times have you got involved in an argument, had a blazing row

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with somebody, only to regret it later and think, that was a bit silly.

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And of course, it is silly, we don't look back and it's silly, but in the

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moment, in that time, it's important.

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And your chimp is getting you to do this.

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That's really fascinating, Peter, and I guess Just thinking about what you've

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just been saying, if we apply it to investing, is it, is it fair to say that,

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emotions get the better of us, right?

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So when we are looking at, newspaper articles or social media posts, or, when,

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when people are just fear mongering, et cetera, Is it fair to say, given

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what you've just said about this, this sort of chimp paradox idea, is

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it fair to say that actually what we should be doing is, is yes, okay, just,

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almost ignoring the highly sort of emotional aspects of investing and, and

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really just focusing on the evidence?

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Is it, is that fair?

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fair to just keep it to the evidence and, and keep it

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rational from that perspective?

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Yeah, absolutely.

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keep it to the evidence.

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Let your, let your human part of your brain do its work.

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Cause it's, it knows the right thing to do.

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It's the logical part.

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It gets, it gets taken over by the chimp part initially, but

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it knows what to do eventually.

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Okay.

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It, it will always know what to do.

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It knows the right thing to do.

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Your emotions sometimes.

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Of course, you do the wrong thing to do.

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So we can come on to a couple more tips now, but the most important tip at the

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moment is don't do anything in a hurry.

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When you're looking to make an investment decision, don't do it in

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a hurry because it's your emotions that are driving that decision.

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Probably don't do anything when you're too excited or depressed.

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So equal way, just don't, just don't make investment decisions.

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When you're in that frame of mind, calm yourself down.

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however that works for you, read a book, go for a walk, go to the gym,

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do something to calm yourself down and get that chimp out of your mind.

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Get your rational mind working.

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Have a pause.

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Before you're actually going to make an investment decision, even if you

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come to that decision, maybe sleep on it, or maybe just leave it a few hours.

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Nothing is so urgent.

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Very little things are so urgent that they won't wait with another, with

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another little 24 hours to, to, to pause.

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And then if you come back to it with your rational mind, and you think,

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yeah, it's still the right decision.

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More than likely, it is the right decision at that stage.

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But if you come when you think about it and think, hmm, yeah,

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maybe it, well, that maybe wasn't, maybe it wasn't the right decision.

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Yeah, I completely agree with that.

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And that reminds me of this whole, there's, there's a whole sort of

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separation between trading and investing.

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And I'm always reminding people, to, to, to invest and don't trade.

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And there's a big difference between the two, the trading side.

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I think, involves, and now you've just talked about this idea.

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I think it really fully utilizes the chimp side of your brain, right?

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The trading side.

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Because you're responding to, to, to things and events

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and what people are saying.

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Whereas investing, you're keeping a cool head and you're just.

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Focusing on what's always worked now, that's not always easy, but you just need

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to learn how to invest in the right way.

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But once you've learned how to do that, it's a forever thing, right?

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And that and that forces you to, or teaches you how to think about what's

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always worked and the evidence rather than reacting to short term events.

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Absolutely.

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Absolutely.

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let's move on.

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So, yeah, some concepts that exist in terms of how this can affect you as an

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investor, that I think would be helpful for the listeners to be aware of.

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One of the things is that we fear loss more than we value gain.

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It's a strange concept to, to, to understand, but actually because

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we've hold, because we have something, because we've already possess it,

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we're worried about losing it.

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More than we are about gaining something because we can't

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really envisage it as well.

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We haven't, we haven't got it now.

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That's, that's a concept that works across a number of a number of things.

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But in an investment context, this can mean sometimes that we

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make the wrong decisions because if we're sitting on a loss.

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And it might well be a loss that we'd be better to crystallize.

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Sometimes, sometimes we hang on to that too much because we

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don't want to make that loss.

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Yeah, because we know that our rational minds may know that

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actually, that's not the right investment for us to be in anymore.

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It's not the, not every investment we make is always going to be

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always going to be a winner.

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We know that we know that they get the, the, the trick of investing is to get

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more winners than losers and win overall.

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That's what we do.

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so sometimes you need to recognize the loss and walk away from it, and,

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and sometimes almost that's like, it's a bit like admitting defeat.

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don't get, again, a little bit emotionally, attached to that.

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Don't get too personally attached to your investments.

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It's another great treat to keep in mind.

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so bear that in mind.

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Yeah.

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I think just, just to add to that, Peter is, this whole idea of a fear

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of loss, is sometimes, overtakes.

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The pleasure from the gain and which is right there just to kind of an

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example of that is, where I see this, translate into where people don't

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don't invest and, people hold on to cash for true for far too long.

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So they hold on to too much cash for too long.

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Purely from the fear of pain of loss.

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And actually, when we are investing.

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All going back to the evidence, right?

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Going back to the evidence, the evidence suggests that investing, particularly

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in, in, in stocks has, has made, a very, consistent eight to 12 percent per annum.

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Obviously we don't make gains every year, but that's.

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Part of the game that goes with the territory, right?

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Historically, it's been a very, lucrative asset class, but what

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people fear is the pain from loss.

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So, so the, it's almost like a, a sense of security to sit in cash for far too long.

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And I would say, look, be aware of inflation because anyways, cash is by

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far the worst asset class out there.

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So yeah.

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So this kind of, Just reminded me of that sort of that's a really that's a really

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good good point manager Absolutely, right and some of that some of that

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can manifest itself in procrastination So people may be fearful about loss

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or maybe thinking well, you know

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There's been big gains in that in that in that particular

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etf or that particular stock.

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So, I wish i'd invested 20 20 years ago, whatever and so yeah, maybe maybe

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you'd have been better there But you haven't got that 10 That might have been

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the best time to invest the best time to invest for you right now So think

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about overcoming that fear of loss and actually dipping your toes in logically.

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and, and, and begin, begin your investment journey, so don't let that hold you back.

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Totally.

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And if you're really cautious, pound cost average in because that enables you to,

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drip feed money in without going all in.

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Absolutely.

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another concept, herd mentality, following what everybody else does.

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we, we can all, we're all guilty of this because, the reason why we do

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this is that we're social animals.

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we want to be seen to be in the crowd, doing the same as everyone else.

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We don't want to stand out.

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So sometimes we're making decisions that just because everybody else is

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making, we want to make decisions as well, those decisions as well.

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Now, it isn't always going to be the right decision.

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And it certainly isn't always going to be the right decision

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for your individual circumstances.

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And so just because everybody else is doing something, it doesn't

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always make it right at all.

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Going the other way, there's, there's, there's a concept called confirmation

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bias, which basically means that we seek to find out information that

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reinforces our view, and we only look for that information, and we

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become completely blind to all the information, all the wad of information

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that actually challenges our view.

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again, it's a natural, it's reinforcing our, our, our, our self belief that

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we need to be open to that, and we need to make sure that when we.

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When we assess something and when we ongoing assess our investments, make

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sure that we're taking in all all considered points of view as well and

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not just not just going blindly on our own confirmation bias as well.

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Yeah, very important.

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Absolutely.

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And the last one I just want to talk about briefly on here is, is, is

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FOMO, the famous fear of missing out, linked heavily to, to herd mentality.

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the problem with, with, with fear of missing out is that very often

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you will end up doing things in haste, for the wrong reasons, again,

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because everybody else is doing it.

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And moreover, you end up doing it at the wrong time, very wrong time, because when

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everybody else is going into something.

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That's usually the time where it might be due some sort of correction.

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So you can end up buying into a stock or an ETF just because everybody else

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is buying into it and conversely, selling out at the wrong time when

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other people are selling out as well.

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So be consistent in your own investing approach.

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Don't dive into an investment because of FOMO or out of

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investment because of FOMO as well.

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Absolutely.

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I see that a lot, FOMO, herd mentality, and you, you, you see that and, the one

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easy way to mitigate that, those biases is to, is to be diversified, right?

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So there's nothing wrong with playing individual stocks and.

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Cryptos and, and, and things like that, make sure you're positioned properly.

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So if, if most of your portfolio is properly diversified, even if you

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get the herd mentality FOMO wrong slightly, and if you fall for that

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trap, which you shouldn't, as Peter's mentioned, you should try and think

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about, not joining that, that crowd.

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But even if you do, as long as you're properly diversified, it won't be

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so painful when it goes against you.

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Yeah.

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Absolutely.

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Absolutely.

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And the last concept I just want to refer to is something called present bias, and

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that is very much the fact that we are happy, we are happier, happiest living

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in the now, rather than the future.

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We find it hard to envisage our future selves.

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And going back to prehistoric man, that's mainly because that part of our brain was

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formed, the strongest part of our brain.

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There wasn't a future self to look forward to, in the sense that there is

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now, with the life expectancy of mid 30s.

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Now this goes a long way to explain why people don't maybe start that

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investment journey, and certainly a long way to explain why people don't

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save as much for their future self, in particular pensions, as they should do.

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They know they need to, they know they should, but they don't.

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Now, of course there's sometimes financial concerns holding that back.

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As well, we need to live in the moment and spend about,

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everyday spending taken care of.

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Nonetheless, if we had a bigger and better appreciation of our future self, we'd be

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much better longer term investors as well.

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So long term timeframe is what we always need to think of.

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We invest for decades, not days.

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Yeah, totally.

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And, and that is so important, having that long term horizon is so important.

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we, I think about Warren Buffett, right?

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Warren Buffett is, how old is he?

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94, I think now?

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Yeah, something like that.

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And when people ask Warren Buffett what his time horizon

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is, he says it's forever, right?

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Because, and the reason for that is because And I think we should all have

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that same same mindset, because when we're investing, we're not just investing

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for ourselves, we're investing for our future generations, hopefully, we can

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pass, pass on assets to generations.

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And, and really, that and that's why we should be responsible investors, not just

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for our future security, for for others.

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around us, I think.

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And just the final thing on time on long term investing, it reminds me of a story.

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I don't know if you probably heard it, Peter, it's the fidelity story.

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And yes, some of the some of our listeners may have heard of it.

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But and the reason I mentioned this is because it's so important.

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This Actually, what Peter's saying has huge, real consequences for

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how well you'll do as an investor.

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So this Fidelity story was, it's a really famous story.

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And, so you probably heard of Fidelity, the investment platform.

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It's a, it's a huge U. S. based investment platform.

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and, and what it did was, one day it decided some of the marketing

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executives decided, actually, let's have a look at all of our All of

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our clients, all of our investors to see how well they've been doing.

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Let's go through their accounts and let's segment them from the best

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performing to the least well performing accounts, in terms of investors.

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So they, I think they split them into five different parts, the best performing

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second, best performing and, et cetera.

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So, and they decided, okay, well, let's take this opportunity to contact our best

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performing investors to let's see if maybe we can extract a few more dollars from

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them to get more fees out of them So let's Use this as an excuse to give them a call

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So they did so they contacted the best performing investors and they gave them

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a call say, to say hey how are you doing?

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what's the secret etc. So they call them up and and to their surprise They couldn't

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reach most of these people And and eventually they got through to to their

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families, the account holders families.

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And what they found is that a significant percentage of these investors had died.

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And, and, and they were amazed by that, right?

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So, so, most of these investors had been around for so long and they'd

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died and their families had hadn't even looked, to, close down their accounts.

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And, And then, then they decided to call the second best performing group and they

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call them up and, and again, to their surprise, this time, they were met with

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surprise from the other side to say, Oh, I don't have an account with you.

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And so it turned out that they'd actually forgotten that they'd had an account

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and really the moral of this story, which the Fidelity, people had found

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out the moral of this story is that actually the best performing investors.

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just don't tinker with their portfolios, they'd almost forgotten or, if they died,

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they can't tinker with their portfolios.

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Or if they don't know about their accounts, they haven't been able to

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tinker with their portfolios and which, and the worst performing investors.

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are the more active investors, by default as a result.

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So this is all if it completely links into what Peter has been saying about not

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following the herd, not tinkering with your portfolio investing for the long

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term, because this stuff really matters.

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And these fidelity.

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People actually found the best performing investor groups had,

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returned something like 18, 19 percent annualized for years and years and years.

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And imagine that compounded over time is just multiplying your

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wealth by an amount you wouldn't be able to imagine, right, Peter?

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Absolutely.

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And that's so powerfully demonstrates the, the power of long term compounding

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and being a patient investor.

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Yeah, investor is the key thing.

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Absolutely.

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So some tips what can what now we know that our mind is driving some of

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our investment behaviors not to our benefit What what can we do about it?

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As an investor, as you, well, well described at the beginning,

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Manish, behavior beats knowledge.

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you can have all the knowledge about how to invest in the world, all the

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knowledge in the world about how to be a logical investor, but Your success will

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depend as much if not more on how you understand and manage your behavior and

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your knowledge, your technical knowledge.

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think longer term.

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Invest according to your time scale.

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Not everybody else's time scale, your time scale, which as we've

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said should be longer term and perhaps even for that in the case

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of, in the case of Warren Buffett.

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Don't make short term decisions, especially in haste, that can

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lead to mistakes, and undue pressure and undue, performance.

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Learn to control your emotions.

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Stop when you're getting emotional.

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Avoid herd mentality.

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Avoid social media influences.

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Don't listen to what these guys say or these girls say.

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They are, they don't know you.

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They don't know your circumstances.

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They don't know your time frame.

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They don't know what else you've got.

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They don't know your assets.

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So how can I make a recommendation for you?

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yeah, don't listen to 'em.

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Invariably they're just selling clicks and , trying to get people to view their

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channels and, and monetize their channels.

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Social media channels, prioritize not losing money.

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Stay invested.

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Stay invested.

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Don't, don't make rate hasty decisions, let compounding do its long-term work.

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'cause as we've seen from that fidelity, case Apley demonstrates

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the fact of long-term consistent patients and compounding.

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Embrace volatility.

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yes, it can be scary.

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Yes, it can seem as though the whole world is against you in terms of investing.

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yes, it can be really, worrying about your investment going down.

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That's when, shares are on sale.

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That's when there's the opportunity for you to dip in a little bit more and,

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and add rather than, rather than shed.

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Don't look to, to be worried about volatility.

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Long term, as we've demonstrated, and as you, as you teach on the, on the,

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on your investment academy, that is.

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The markets tend trend upwards long term, there will be dips along

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the way, there will be dips and of course they will always be dips.

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These are the volatility, volatility is the price we pay for the rewards

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without volatility, there's no rewards.

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And, and we talked about over trading avoid over trading, avoid the

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temptation to dip in and out avoid the temptation to tinker jump horses,

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stick to your long term thesis stick to regular investing, be patient.

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Totally.

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I love those tips and that that is a perfect summary of, not just

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investing and and what we talk about all the time, it's a great summary

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of of what you teach Peter on in your in your excellent mindset class.

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Peter, as I mentioned earlier, Peter is, an investment coach on, on our

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investment academy and, Peter provides a fully comprehensive, class around all

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of this stuff, which we've summarized today, but this is so, so, so important

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to be a better investor, right.

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So, so, and, and really, as I said earlier, this stuff comes first, right.

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Get this right.

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and everything else will just fall into place.

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We can learn about.

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You know the stocks and the ETFs and the funds what to invest in how to invest it

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in how to save fees how to Create lumps of capital which hmrc will give you if

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you put money into your pensions properly All the right wrappers all the right

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platforms options for income Dividends and crypto and all of that good stuff.

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But this comes first These are the if you let these be your

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foundations for investing.

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this will stay with you for life and not just you, your, your, your family and

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your friends and, and those around you because this is all contagious stuff.

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So really, really if you do this, if you master all of this, you'll become one of

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the top 5 percent investors in the world.

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Yeah.

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Yeah.

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I love this stuff.

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Like it's really helped me as investor without a doubt.

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every time I hear this stuff and I've heard this a few times from you, Peter,

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but every time I hear this and talk to you about this, there's more and more

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light bulbs that go off in my head because we're always learning, right?

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Doesn't matter how experienced you are, you're always learning that stuff.

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Yeah, absolutely.

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So it's, it's so important.

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As I mentioned, Peter, gives a much more comprehensive sort

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of class around this stuff.

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And, and we talk about all of this within our, what we call our investment

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foundations, which we build upon, all the other stuff comes afterwards, but

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this is the, these are your foundations, just when you, just like when you.

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Build a property, a new build property, right?

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We lay our foundations first, right?

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And when you're, when you lay your foundations first, that makes for

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a long lasting, robust portfolio.

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Your portfolio is not going to be blown down by the wind.

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In the same way, the foundations help your property to stay upright and to stay

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robust for decades, if not centuries.

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So that's been, really fascinating, Peter.

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Thanks so much for your time and your knowledge and sharing your

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experience, with us, on this episode.

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And hopefully that's helped all of our, our listeners, and our viewers as well.

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And if you want to find out more about the Investment Academy,

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go, go along to investlikeapro.

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co.

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uk.

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and please give us a follow and subscribe, and hopefully you can

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check out our other videos, which hopefully should be showing up

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somewhere on this screen over here.

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So go and check out our other videos and our other podcast episodes,

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and I will see you next time.

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