Market downturns elicit emotion. Emotional investors are more apt to make poor investment decisions. Time and again this is proven. Lather. Rinse. Repeat. Or get educated and break the cycle...
Listen to Tyler Emrick, CFA, CFP stand in for Kevin and describe some common behavioral issues even smart investors often must overcome. Got a case of 'get-even-itis' (loss aversion)? Or perhaps a case of 'no-decision-itis (regret aversion)?' Look at an inheritance differently than money you worked for?
Listen to these and more to be informed and help overcome behavioral hurdles that can harm your wealth.
What we discuss in this episode:
0:36 - Welcome back on Tyler
2:39 - Our topic today
5:16 - Mental accounting
12:56 - Regret Aversion
19:07 - Loss Aversion
26:57 - What steps can you take to improve?
Read more and get additional financial resources here: https://www.truewealthdesign.com/podcast/