Tuesday, February 11, 2020

Here's how Ric Edelman suggests you avoid big financial mistakes

Here is the link.

Availability bias - lighting attacks or shark attacks
recency bias -

Long period - do it yourself, or by fund managers

Human tendency - error checking - hand checking
How to avoid buying you are excited, sell if you are scared.

Soccer - penalty kicks - act, stand there

We do realized that we are emotion creatures -

fall - wrong thing/ wrong time
facts/ get caught

What is my motivation? Sound facts

Opportunity to buy on the dip
Ignore the noise <=> long term goal
Sway you from long term goals

Old news -



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