When was the last time you decided to bet on a team, but discovered new information and changed your bet to back the opponent?
If you don't do this very often, it could be because you've become victim of “Confirmation Bias”!
It's a little known phenomenon that can end up destroying your bankroll and put you out for good.
But don't worry, because while this may be something harmful ... ››› more
Ever heard of the term “Wisdom of the Crowd”?
It's a simple idea, first proposed by Aristotle in his work titled Politics.
It states the collective opinion of a group of individuals is superior to that of a single expert.
To illustrate this imagine you're at a carnival.
A well-known game is to guess the number of sweets in a large jar.
The most effective way to correctly gu... ››› more
When we bet, we usually bet intuitively.
Meaning we rely on what we know and feel about a particular team or player and make an on-the-spot judgment of the chances of success.
While Intuition is great at instantly assessing if someone is upset or angry at you, it's not great when assessing whether a team or player will successfully win their respective matches.
The Halo Effect is a big... ››› more
As head tipster of the Winning Streak Team my aim is to not only make you a nice profit each month from the exciting world of sports betting, but to educate you about the basics of betting, money management rules and advanced strategies.
However, even the most seasoned sports bettors sometimes fall for these common traps.
That's why in today's article I want to go over the most common bett... ››› more
Why isn't it a good idea to trust emotion when making a bet?
For a start, emotions bias your view on the potential outcome. Just think, if you're a Manchester United fan and have been since a kid, are you ever going to bet against them winning?
Another emotional bias or reaction is what we often refer to as, ‘going with your gut' - we've all had that feeling some time in our lives and c... ››› more
Ben started to dabble in the Forex market.
He's just bought the Australian dollar versus the American dollar for the third time.
And just pocketed R10,000 from his R5,000 portfolio.
He's on a winning streak.
Ben feels that trading is the quickest key to his financial freedom.
Aaah, the jubilation! The smell of sea sand, while he hears the crashing of the waves.
Retirement here we... ››› more
As a South African investor, chances are you're making a big mistake with your portfolio. There's a high chance that you have all your investments in South Africa. And this means you don't have any exposure to overseas markets. This is risky for your portfolio. So why is it risky? And what can you do to overcome this? Let's take a look…
Are you guilty of home country bias?
If you have all yo... ››› more
Gut reactions are all well and good when it comes to some things. But when it comes to investing, gut reactions can be totally counter-productive. The subconscious makes excuses as to why the gut instinct is right. It presents your biases as hard fact. Read on to find out why you shouldn't listen to your gut when you invest…
Following your gut is usually a terrible way to invest, Bengt Saelens... ››› more
When investing in shares, it's pretty hard not to get your emotions involved too. And even though you might think you're doing a good job at weighing up the pros and cons of your chosen shares, chances are you're biased. Read on to find out about confirmation bias and what you can do to counter it…
‘Confirmation bias’ – a tendency only to pay attention to data and opinions that confirm o... ››› more
Some of us probably play down what are our net worth is, others may slightly exaggerate. But one Saudi prince was so insulted with claims made about what he was worth, he's suing. Read on to discover what's going on…
It’s emerged that Saudi Arabia's Prince Alwaleed bin Talal is taking libel action against Forbes magazine amidst claims that they vastly underestimated his wealth to the tun... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.