Insight By NITP, Inc
How to get out of your own way and on the road to investment success
Host Bob Leins welcomes Kristina E. M. Sturgis, CFP® CDFA™ APMA™ Financial Advisor, NITP Seminar Presenter and Certified Financial Planner™ with Analytics...
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Insight by NITP, Inc
May 21, 2018 – Host Bob Leins welcomes Kristina E. M. Sturgis, CFP® CDFA™ APMA™ Financial Advisor, NITP Seminar Presenter and Certified Financial Planner™ with Analytics Wealth Advisors, a private wealth advisory practice of Ameriprise Financial Services, Inc.
Behavioral Finance combines psychology and economics to explain why and how investors act and to analyze how that behavior affects the market, according to Dictionary of Financial Terms. During today’s show, we will discuss common behaviors that sabotage investment success. We’re only human; managing our instincts is crucial to success.
- Behavioral Scientists have identified 13 different biases that effect the way we approach money:
- Loss Aversion
- Fear or Regret
- Recency
- Overconfidence
- Money Illusion
- Framing
- Mental Accounting
- Hindsight
- Anchoring
- Availability
- Representativeness
- Confirmation/Rationalization
- Cognitive Dissonance
Managing yourself may be more important than “managing your investments”. For questions or comments, email us in advance at ForYourBenefit@nitpinc.com
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