Making sensible investment decisions is difficult. We are subject to a range of behavioural biases.

We have to cope with incessant noise around financial markets. We behave in ways that are inconsistent with our long-term investment objectives. So, what can we do about it?

The first step is to understand that we cannot rid ourselves of bias. Nor can we hope to ignore all noise. However, we can take six simple steps to achieve better outcomes; three dos and three don'ts.

Six steps:

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Long-term investment plan.

Automate your saving.

Rebalance your portfolio.

Don't check your portfolio too frequently.

No emotional

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