6 worst retirement investing mistakes to avoid

Posted at 10:40 AM, May 12, 2015
and last updated 2015-05-12 10:40:34-04

What are they?

  • Confidence bias: Thinking you know the stock market when you don't.
  • Confirmation bias: You find data that backs up what you already believe
  • Anchoring: Setting a price in your head that means something only to you
  • Loss aversion: You refuse to get rid of poorly performing investments
  • Mental accounting: You play your money in mental boxes, which determines your decisions
  • Recency bias: You only remember what just happened

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