DWI CPD Test: Shattering Illusions In The Mindset Of An Investor

1. Why should investors avoid making decisions based on emotions?

Emotions often lead to bad financial choices

It makes investing boring

It helps them get rich quickly

Experts always follow emotions

2. What is a key factor that influences an investor’s success?

Luck

Psychology and mindset

Following trends

Avoiding all risks

3. Why is it important to understand investor psychology?

It helps avoid emotional decision-making

It guarantees profits

It eliminates all risks

It allows investing without research

4. What is a useful strategy for overcoming fear in investing?

Avoiding all investments

Ignoring financial advice

Understanding market risks and being prepared

Following social media tips

5. What common mistake do investors make?

Investing in only one stock

Ignoring market trends

Letting emotions drive decisions

Selling at a profit