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Our psychology of investing series concludes today with a look at behavioural biases and fraud. Throughout the series we’ve talked about several different biases and how they can influence your investing habits. Fraudsters will exploit these biases to take advantage of you and separate you from your hard-earned money.
Submitted by nsscadmin on
Submitted by nsscadmin on
The ninth part of our psychology of investing series takes a closer look at familiarity bias. Do you tend to favour things that are familiar and show less interest in things that are unfamiliar to you? This could be due to familiarity bias.
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Our latest regulatory review looks at all regulatory releases and notices issued by the Nova Scotia Securities Commission and the Canadian Securities Administrators (CSA) since May.
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The number of exchange-traded funds (ETFs) in Canada and the United States that allow investors to invest in crypto assets has increased rapidly in the last few years. In case you weren’t aware, the first ever crypto ETF, a Bitcoin ETF to be exact, was approved and launched in Canada in 2021.
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The eighth part of our psychology of investing series takes a closer look at present bias. Do you ever make decision today at the expense of tomorrow? It could have been an impulsive purchase, snacking decision, or spending money that could have been earmarked for saving or investing. This could be present bias.
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As we’ve stated numerous times in the past, to sell or advise on securities and derivatives in Nova Scotia you must be registered with the Nova Scotia Securities Commission, unless an exemption applies. The same goes for every province and territory in Canada. But what constitutes investment advice?
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The seventh part of our psychology of investing series takes a closer look at status quo bias. How comfortable are you with change? Most people don’t like change, some even fear it. If you prefer to stick to the ways things are instead of changing course, even when the change might be wise, you could be affected by status quo bias.
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The principal mandate of the Nova Scotia Securities Commission (NSSC) is to protect Nova Scotia investors. One of the ways we do that is by issuing investor alerts and cautions.
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The sixth part of our psychology of investing series takes a closer look at confirmation bias. Are you open to changing your opinion on a situation? People tend to want to believe their opinions are consistent and correct. This strong desire to be right can affect how we process and gather information.