It can be difficult to separate personal or political views from finances. Often times we see negative or positive things occurring in media and assume they change the trajectory of the financial market. As investors, we must learn to separate ourselves from cognitive biases when making financial decisions. Daniel Crosby is a financial advisor who wants to share the secrets to acquiring wealth and investing successfully with you. Tune into this episode of Better Money Decisions with your host, Kate Stalter, to learn how to identify any biases hindering your investing success and how to overcome it.
Show Highlights:
- A deep dive in cognitive investing
- People believing their time is always the most volatile
- Misunderstanding the market
- Biggest behavioral issues in investors
- Investing according to politics
- Being optimistic about human potential
- Overcoming being surrounded by negativity
- Understanding broad market trends
- Positive effects coming from negative things
- How to be informed consumers
- Transitioning from psychology to finance
- Developing models and how they correlate with human behaviors
- Finding data that supports your approach
- Behavioral components
- Determining which investment philosophy is the best
- How to control emotions and tune out tips in the news
- Making good choices and staying in your lane
- What makes women better investors than men
- Overconfidence and cognitive biases
Connect with Daniel:
The Behavioral Investor by Daniel Crosby
Twitter: @DanielCrosby
LINKEDIN: Dr. Daniel Crosby
