Investing 101 – The Impact of Cognitive Biases

In the last episode of Investing 101, we mentioned types of cognitive biases. Let us now move on to the impacts that they cause, and how they hinder our decision making process. 

The fatal con of those biases is, they make investors wrongly deduct the ideal timing of entering the market, which ends up hampering the opportunities of obtaining returns. Due to the fact that amateur investors lack hands-on experience and knowledge, they could only blindly imitate people with similar experiences. This has caused them to inevitably receive misleading information. To further explain, let’s just pick up from what we left off last time. In the circumstances where investors have missed out the 10 best days at the market benchmarking against the S&P 500 Index, their performance has already been halved down from 8.2% to 4.5%. Worse comes to worst, their performances have exponentially dropped to zero when they excluded the 30 best days. 

Of course apart from cognitive biases, there are numerous factors that are accounted for negatively impacting your performance, such as costs and risk tolerance. Here is the link directed to our last blog with the risk tolerance survey provided, feel free to get to know more about your risk and investing preferences! Frankly speaking, adopting a moderate level of doing things could be your ultimate guide to investing, as you would be living in fear and worry if you go for high-risk-products, or only be rewarding with minimal returns if you put low-risk-products into your consideration set. 

There is only one thing to keep in mind – “Good investing is boring”. We should opt for small but gradual returns over time, instead of aiming for the jackpot in one go. Your hard work would definitely pay off, only if we patiently wait for our seeds to grow. 

Now that our series of “Investing 101” is finally coming to an end, we will be sharing more knowledge in other fields in investing. Follow our social media to make sure you don’t miss out on things! 

Source: https://wealth.visualcapitalist.com/tips-beginner-investors/

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tiips 自2019 年創立至今,2020年完成種子輪融資,唯2021年第四年仍未能籌得新一輪融資,我們作出了艱難的決定,將於2022年2月21號 23:59 終止tiips mobile app 的運作。

我們目前的首要任務是確保用戶積分換取資產及實金買賣服務暢順度及公平性,我們將會分階段停止tiips mobile app 的功能及運作。

實金之安全性

所有客戶的黃金儲存於Tiips Services limited。Tiips Services Limited 是獨立第三方信托人,信托或公司服務提供者牌照號碼為TC007559,客戶的黃金儲存於張氏金業有限公司Tiips Services Limited 的戶口。

Bitcoin的安全性

客戶的Bitcoin存量是儲存在Tips Dollar (HK) Limited 擁有的cold wallet。

時間表如下:

31/12/2021 23:59 停止買入實金。

1/1/2022 00:0021/2/2022 23:59 tiips 積分換取資產及賣出實金及Bitcoin 如常進行。而我們將會用 ”買入價” 回購客戶的資產,已回饋客戶多年來的支持。

21/2/2022 23:59 tiips mobile app 停止運作。

1/3/2022 00:0030/11/2022 23:59 人手處理顧客剩餘現金。客戶的剩餘資產將會用2/21/2022 23:59 當刻價格賣出,而相關金額我們會幫顧客保留,而我們將會用電郵方式確認客戶剩餘之金額,客戶可電郵[email protected]Whatsapp 93889879辦理手續領取現全,該現金我們會用FPS 轉賬,手續費維持港幣$3。

1/12/2022 00:0031/12/2022 23:59 我們會將所有顧客未領取的現金捐贈致愛護動物協會。

儘管tiips mobile app 將終止營運,我們往後會集中開發機構客戶市場,以延續寓消費於儲蓄的理念。

在此,我們衷心感謝所有在過去三年一直支持tiips的用戶、合作商戶及合作夥伴。

tiips was established in 2019 and accomplished its seed funding in 2020. It was with regret that we were still unable to receive the funding for the new round in 2021. Thus, we have unfortunately come to the decision to cease the operation of the tiips mobile app on 21 February 2022 23:59.
To ensure the smooth facilitation and fairness in user points & assets redemption and gold trading, we will close down the functions of tiips mobile app according to different phases.

Safety of Gold

All users’ gold is now stored in Tiips Services Limited, account provided by Cheung’s Gold Traders Limited. Tiips Services Limited is an third party trustee, which its Trust or Company Service Provider Licence number is TC007559.

Safety of Bitcoin

All users’ Bitcoin is now stored in the cold wallet owned by Tips Dollar (HK) Limited.

Timeline as follows:

31/12/2021 23:59 Gold purchases will be suspended.

1/1/2022 00:00 to 21/2/2022 23:59 tiips reward & assets redemption, gold selling and Bitcoin trading will be operated as usual. To express our gratitude throughout the years, tiips will purchase users’ assets at the “BUY PRICE”.

21/2/2022 23:59 tiips mobile app will be ceased to operate.

1/3/2022 00:00 to 30/11/2022 23:59 tiips will manually proceed the users’ remaining cash. Those assets will be sold at the price as of 21/2/2022 23:59, while we will keep the amount of money and email the customers for further confirmation. Customers may email us at [email protected] or Whatsapp 93889879 to collect the cash. The payment will be performed through FPS, and tiips will keep the handling fee at HKD 3.

1/12/2022 00:00 to 31/12/2022 23:59 tiips will donate all the uncollected cash to The Society for the Prevention of Cruelty to Animals (SPCA).

The tiips mobile app might have suspended its operation, nevertheless tiips will continue to expand its corporate market, to sustain the belief in combining spending and saving in the future.

Last but not least, we would like to express our heartfelt gratitude for the support from tiips’ users, merchants and partners over the past three years.