TALKING FINANCE with Justin Baiocchi of Baiocchi Griffin Which investor are you? Private Wealth Investing in the stock market can be a rollercoaster ride, full of ups, downs, and the occasional loop- de-loop that leaves you questioning your choices. Whether you're a seasoned trader or still just figuring out what a "bull market" is, chances are you've made a few mistakes along the way. See if you can you spot yourself in one of these stereotypes. The Intrepid Impulse Buyer Picture this: You're scrolling through your favourite news site when you see a headline screaming, "This Stock Will Make You Rich Beyond Your Wildest Dreams!" Your heart races, your palms get sweaty, and before you know it, you've invested half your savings in a company that produces... novelty socks for cats. This is the classic impulse buy. Sure, those feline fashionistas might be adorable, but betting your retirement on their sartorial choices? The Herd Mentality Hero Have you ever found yourself joining the stampede of investors rushing towards the "next big thing"? It's easy to get caught up in the excitement, especially when your neighbour's cousin's dog walker insists that investing in fidget spinners is the key to financial freedom. Unfortunately, following the herd often leads you straight to the slaughterhouse, where overpriced stocks can plummet faster than your enthusiasm for kale smoothies. The Forgetful Fortune Seeker One sunny day, you decide to invest in a promising new tech company. You buy the stocks, feel a surge of satisfaction, and then promptly forget about them. Fast forward six months, and you suddenly remember your investment. You check the stock's performance, only to discover that the company's groundbreaking "smart toaster" was a colossal flop. Pro tip: Set reminders, write notes, or hire a carrier pigeon-just don't forget about your investments. The Panic Seller The stock market is a volatile beast, and sometimes it can feel like it's out to get you personally. When the market dips, the panic seller emerges, frantically offloading stocks at rock-bottom prices. It's like selling your house because a possum got into the roof. Sure, market downturns can be nerve-wracking, but remember: patience is a virtue. The Overconfident Oracle We all know that one person who thinks they have a crystal ball stashed in their basement. They predict market trends with the certainty of a weather forecaster who only predicts sunshine. Unfortunately, overconfidence in investing can lead to risky bets and the inevitable facepalm when their "sure thing" turns out to be a dud. Humility is a far better companion than hubris. Embrace your blunders, learn from them, and remember: even the best investors were once wide- eyed rookies making crazy cat sock bets. BAIOCCHI GRIFFIN PRIVATE WEALTH Level 1, 462-464 Peel St, Tamworth NSW 2340 6766 9000 AFSL No 424658 This article is general in nature and does not take your individual situation into account. You are advised not to act on anything contained herein, or discussed as a consequence of the contents of this document, without receiving financial advice from a suitably qualified person such as a financial planner, lawyer or accountant. Follow us on Twitter @BaiocchiGriffin Find us on Facebook facebook.com/BaiocchiGriffin Private Wealth www.bgprivatewealth.com.au AW7420118 TALKING FINANCE with Justin Baiocchi of Baiocchi Griffin Which investor are you ? Private Wealth Investing in the stock market can be a rollercoaster ride , full of ups , downs , and the occasional loop- de - loop that leaves you questioning your choices . Whether you're a seasoned trader or still just figuring out what a " bull market " is , chances are you've made a few mistakes along the way . See if you can you spot yourself in one of these stereotypes . The Intrepid Impulse Buyer Picture this : You're scrolling through your favourite news site when you see a headline screaming , " This Stock Will Make You Rich Beyond Your Wildest Dreams ! " Your heart races , your palms get sweaty , and before you know it , you've invested half your savings in a company that produces ... novelty socks for cats . This is the classic impulse buy . Sure , those feline fashionistas might be adorable , but betting your retirement on their sartorial choices ? The Herd Mentality Hero Have you ever found yourself joining the stampede of investors rushing towards the " next big thing " ? It's easy to get caught up in the excitement , especially when your neighbour's cousin's dog walker insists that investing in fidget spinners is the key to financial freedom . Unfortunately , following the herd often leads you straight to the slaughterhouse , where overpriced stocks can plummet faster than your enthusiasm for kale smoothies . The Forgetful Fortune Seeker One sunny day , you decide to invest in a promising new tech company . You buy the stocks , feel a surge of satisfaction , and then promptly forget about them . Fast forward six months , and you suddenly remember your investment . You check the stock's performance , only to discover that the company's groundbreaking " smart toaster " was a colossal flop . Pro tip : Set reminders , write notes , or hire a carrier pigeon - just don't forget about your investments . The Panic Seller The stock market is a volatile beast , and sometimes it can feel like it's out to get you personally . When the market dips , the panic seller emerges , frantically offloading stocks at rock - bottom prices . It's like selling your house because a possum got into the roof . Sure , market downturns can be nerve - wracking , but remember : patience is a virtue . The Overconfident Oracle We all know that one person who thinks they have a crystal ball stashed in their basement . They predict market trends with the certainty of a weather forecaster who only predicts sunshine . Unfortunately , overconfidence in investing can lead to risky bets and the inevitable facepalm when their " sure thing " turns out to be a dud . Humility is a far better companion than hubris . Embrace your blunders , learn from them , and remember : even the best investors were once wide- eyed rookies making crazy cat sock bets . BAIOCCHI GRIFFIN PRIVATE WEALTH Level 1 , 462-464 Peel St , Tamworth NSW 2340 6766 9000 AFSL No 424658 This article is general in nature and does not take your individual situation into account . You are advised not to act on anything contained herein , or discussed as a consequence of the contents of this document , without receiving financial advice from a suitably qualified person such as a financial planner , lawyer or accountant . Follow us on Twitter @BaiocchiGriffin Find us on Facebook facebook.com/BaiocchiGriffin Private Wealth www.bgprivatewealth.com.au AW7420118