We'll explore the fascinating world of your subconscious mind, and how it can highjack your financial decision-making process, often in ways you may not even realize.
Presented by Les Szarka, CFP®, ChFC®, CEO of Szarka Financial.
The session will cover several examples of how this can happen. Just a few of the ones we will be covering are:
1. Emotional Biases: Our subconscious mind is heavily influenced by emotions. Fear and greed, for example, can lead to impulsive decisions.
2. Herd Mentality: The subconscious desire to "fit in" can cause investors to follow the crowd, even when it's not the best decision.
3. Overconfidence: Many investors subconsciously overestimate their knowledge and ability to predict market movements. This can result in taking on too much risk
4. Loss Aversion: The pain of losing money is often stronger than the pleasure of gaining it. This can cause investors to hold onto losing investments for too long.
Understanding these subconscious influences can help you make more rational and informed investment decisions. Have you noticed any of these tendencies in your own investing behavior?
All rights reserved. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker Dealer, member FINRA/SIPC, to the residents of: AL, AZ, CA, CO, CT, DC, FL, GA, IL, IN, KY, MD, MA, MI, MN, MT, NJ, NY, NC, OH, OR, PA, SC, TN, TX, UT, VA, WA.
Advisory Services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and Szarka Financial are not affiliated. Cambridge does not offer tax advice.
EVENT TYPE: | Health and Wellness | Education/Lifelong Learning | Business and Personal Finance |
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