I have been dollar-cost averaging into index funds for two years but just put my entire bonus into a meme stock because my coworker doubled his money.
More people experience this than they realize.
Social comparison and availability bias can instantly override systematic investment strategies with anecdotal evidence of others' success.
“Where Are You with Behavioral economics — biases in financial decisions?”
Peri can explain why this happens, help you decide if this is the right situation for you, and point toward the right journey or coach.
If this sounds familiar, the Library can help you find the bigger picture.