Kubera is an industry-leading personal finance platform that consolidates all your assets, liabilities, and net worth in one place. Kubera does not offer investment advice. However, it can help you overcome certain cognitive biases that may lead to costly financial mistakes.

Outlined below are some of the ways Kubera can help you avoid making costly mistakes in your money management:

All or Nothing Thinking

All or nothing thinking is a cognitive bias that causes people to view things in extremes, either all positive or all negative. In the context of financial decision-making, this bias can lead to investors making hasty decisions, particularly during a market downturn.

For example, during the COVID-19 pandemic, the stock market experienced a sharp decline, and investors who were prone to all or nothing thinking might have panicked and sold all of their stocks, fearing that the market would continue to decline.

However, by checking their net worth on Kubera, they could see that their overall portfolio only experienced a slight dip, and that by holding on to their investments, they could ride out the market downturn and potentially see a rebound in the future.

Kubera's platform allows investors to view their entire portfolio in one place, which can help them avoid all or nothing thinking. By seeing the bigger picture, investors can focus on the long-term goals of their portfolio and avoid making rash decisions or knee jerk reactions based on short-term market events.

In addition, Kubera's platform can help investors diversify their portfolios, which can further mitigate the effects of all or nothing thinking. By investing in multiple assets, investors can avoid putting all of their eggs in one basket, which can help them weather market volatility and achieve more consistent returns over the long term.

Recency Bias

Recency bias is a common cognitive bias that can lead to irrational decision-making when it comes to financial investments. It is a tendency to give more weight to recent events over past ones, leading to a skewed perception of the current situation. For example, if there is a sudden dip in the stock market, recency bias can cause investors to overreact and make hasty decisions based on short-term events.

However, using Kubera's dashboard, you can easily track your net worth over a longer time horizon, giving you a better understanding of your overall financial performance. By observing financial data and trends over time, you can avoid the negative effects of recency bias and make more informed investment decisions. For instance, if there is a sudden market drop, you can refer to Kubera to see how your investments have performed over the past year, rather than focusing solely on recent events.

This allows you to avoid making costly mistakes based on short-term fluctuations in the market and instead helps you stay focused on your long-term financial goals. By staying informed about your investments using Kubera's dashboard, you can ensure that you're making the most of your money and avoiding unnecessary financial risks.


Kubera can be a valuable tool for investors to avoid making costly financial mistakes driven by cognitive biases such as all or nothing thinking and recency bias. Kubera provides a holistic view of an investor's portfolio by consolidating all assets and liabilities in one place. This helps investors to make informed decisions based on the bigger picture rather than short-term market events.

Additionally, by using Kubera's platform to track net worth over a longer time horizon, investors can avoid overreacting to recent events and stay focused on their long-term financial goals. Overall, Kubera can empower investors to make smarter financial decisions, helping them achieve better outcomes and avoid costly mistakes.

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