Steer Clear of Biases in Mutual Fund Investing
As an investor, have you ever chosen a fund simply because your friend did, or held on to a lossmaking scheme hoping it would bounce back? If yes, welcome to the club—biases often accompany us on our investment journey, sometimes silently sabotaging our financial goals. For example, there are many investors who blindly invest in top-performing mutual funds. These funds may have had stellar returns during the bull market, and investors assume that scenario to continue.