Are you overconfident about your investment skills? You might not be alone. Overconfidence can skew our financial decisions. Check out this surprising stat!

According to research, 74% of men believe they are above-average investors, compared to 56% of women.

Fact: Overconfidence often leads to excessive trading, which can reduce net returns due to transaction costs and poor timing.

Insight: Recognizing overconfidence can help in making more informed and cautious investment choices. Remember, consistent returns often trump sporadic high gains.

Follow #financialfridays11 for more tips on mastering your financial behaviour.

How confident are you in your investment decisions? Let us know in the comments!

*Source: Barber, B. M., & Odean, T. (2001). Boys Will Be Boys: Gender, Overconfidence and Common Stock Investment. The Quarterly Journal of Economics. Overconfidence in Investing

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