3 Common Investing Mistakes That Will Cost You

Sometimes you need to leave it to the brainiacs when it comes to fixing your financial problems. In this ear-raising interview for CBS Money Watch, we hear from Harvard Professor David Laibson about the common mistakes small investors make all the time. The first error he mentions, which comes up at 00:42, has to do with aligning past performance with future expectations; this is a cognitive mistake people make in all aspects of their lives and can lead to dire consequences. Also, make sure to check out his third mistake at 03:02, which has to do with a widespread misconception about fees, both on the part of investors and banks.