Your Money Your Retirement®

Behavioral Finance and You

Have you ever been afraid to take a financial risk? Or maybe you've found yourself buying something just because everyone else is? These are examples of how our behavior plays a big role in our financial decisions.

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Here Are Just a Handful of the Things That We'll Discuss:

  • Mental accounting – dividing money into different categories in our minds.
  • Loss aversion – is a bias toward avoiding losses over seeking gains.
  • Herd behavior – happens when investors follow others rather than making their own decisions.

Transcript of the episode

Here is where we will copy the transcript of the podcast

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