• Ep 492 - Investors' behavioural biases, crowdfunding and financial planning week

  • Feb 2 2025
  • Length: 33 mins
  • Podcast

Ep 492 - Investors' behavioural biases, crowdfunding and financial planning week

  • Summary

  • On this week's episode, Damien discusses seven of the main behavioural biases that can affect your investment decision making and hurt your investment returns. Damien also explores crowdfunding, the potential rewards, risks and examples of crowdfunding successes and failures. Finally, Andy looks at financial planning week and the free tools and advice that are available for those wanting to sort their finances. Thank you to our sponsor Lightyear This show is sponsored by ⁠Lightyear⁠, a new, straightforward platform offering a Stocks & Shares ISA. With no account, subscription or custody fees, Lightyear’s Stocks & Shares (S&S) ISA will be 10 times cheaper than the average market provider over 10 years (based on research conducted by Capital Economics) and its Cash ISA offers easy access to the Bank of England base rate. Both accounts are flexible, so you can withdraw and re-invest without affecting your annual limit. Capital is at risk and ISA rules apply. Other fees - like foreign exchange fees - may apply. Lightyear UK Ltd is authorised and regulated by the Financial Conduct Authority Watch the whole show on YouTube ⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠: Check out this week's ⁠⁠⁠⁠⁠⁠⁠podcast article ⁠⁠⁠⁠⁠⁠⁠on the MTTM website to see the full list of resources from this week's show. 00:00 - Celebrating 15 Years of Money to the Masses 02:43 - Understanding Behavioral Biases in Investing 19:46 - Mitigating Investment Biases for Better Decisions 20:13 - Understanding Crowdfunding: An Overview 21:02 - Types of Crowdfunding Explained 23:27 - How Crowdfunding Works 24:05 - Potential Rewards of Crowdfunding 25:40 - Risks Involved in Crowdfunding 28:03 - Behavioural Biases in Crowdfunding 30:28 - Final Thoughts on Crowdfunding 30:44 - Financial Planning Week Overview 31:00 - Get a Free Financial Review Follow Money to the Masses on social media: YouTube - ⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/moneytothemasses⁠⁠⁠⁠⁠⁠⁠ Facebook - ⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/moneytothemasses⁠⁠⁠⁠⁠⁠⁠ Instagram - ⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/moneytothemasses⁠⁠⁠⁠⁠⁠⁠ Tik Tok - ⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@moneytothemasses⁠⁠⁠⁠⁠⁠⁠ You may already compare products and services online and make purchases but by doing so via our dedicated page you might not only save money but could also earn cashback or take advantage of exclusive offers for MTTM listeners. Every time you use a link on the page we may earn a small amount of money for our podcast. We only use affiliate links that give you an identical (or better) deal than going direct. Thank you for being an incredible part of our community. Your support means the world to us. Support the show by visiting and bookmarking our dedicated podcast page: ⁠⁠⁠⁠⁠⁠⁠Money to the Masses Dedicated Podcast Page⁠⁠⁠⁠⁠⁠⁠ - Click to support the show Links referred to in the podcast: Can you solve this (YouTube video)Get a FREE Financial ReviewGet a FREE pension reviewFinancial Planning WeekTop 5 alternatives to Vanguard
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