MENGAPA ORANG-ORANG JATUH DALAM LUBANG KEGAGALAN INVESTASI YANG SAMA KETIKA PERANG TELAH TERJADI BERULANG KALI?: TINJAUAN LITERATUR SISTEMATIS TERHADAP INVESTMENT MINDSET

Abstract

This study investigates the persistent pattern of investment failure during recurring geopolitical conflicts, such as the Russia-Ukraine and Israel-Iran wars. Using a Narrative Literature Review (NLR) approach, the research despite historical data on market recovery. The findings define investment failure as a systematic outcome of a flawed investment rather than mere financial loss. The study synthesizes a comprehensive taxonomy of seven destructive investment mindset: Panic Mindset, Herd Mentality, Loss Aversion, Availability Bias, Overconfidence, Short-termis,, and Illusion of Control. These mindsets are amplified by information overload and emotional cotagion, leading to irrational beharviors like panic selling and overreaction. Specifically for younger investors, the lack of experiential memory makes them more vulnerable to digital media narratives. To mitigates these failures, the study recommends structural behavioral interventions, including the implementation of an Investment Policy Statement (IPS), Dollar-Cost Averaging (DCA), and enhanced psychological investment literacy.