July 18, 2024

Political Commentary

News Politics Business Sports

Biases may be impacting your financial outcomes — how to fend them off

2 min read

Anne Hoare: Swings in financial markets can breed fear and cause even rational investors to make irrational decisions

Article content

By Anne Hoare

Humans inherently have biases, but many don’t realize financial biases exist. Emotions naturally play a role in our financial success, leading us to safeguard against their impact through measures such as maintaining multiple bank accounts and diversifying our investments.

Article content

Ironically, what may seem like appropriate reactive strategies might be biased thinking. This is why it’s important to bring in a financial adviser with the expertise to recognize and coach investors through these biases.

Advertisement 2

Special to Financial Post

2023-12-26 11:00:12

All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator


Read more from original source here…

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.