I'll Never Make This Bear Market Mistake Again
Some say you learn more from your failures than your triumphs, and I can confidently say that 2022 was the biggest failure in my life as an investor. Thanks to the current bear market, I'm sitting on unrealized losses (meaning I haven't sold my shares) so significant that you should probably refer to me as bear food moving forward. I got chewed up and spit out.
But don't feel sorry for me. I've learned a ton through this bear market, and I want to share my major takeaway with you so you can avoid my pain. And no, the lesson isn't to pick different stocks, buddy! This will apply to virtually every portfolio, whatever your investment strategy.
Recency bias is a pain. It's the psychological phenomenon that causes your mind to favor more recent events versus what happened further in the past.
Source Fool.com
