Most people are dramatically overconfident in their decision-making, and it allows many other money mistakes to happen.
People routinely overestimate the likelihood of success when picking a stock or mutual fund.
They have a false belief they can identify a winning investment in advance. Or, they think they can do things like negotiate a good car deal quickly. Recognize that uncertainty exists in financial decisions, and that they don't always work out as positively as you think they will. By using this site, you agree to our Terms of Service . Your privacy is important to us.