The Psychology Behind Your Financial Decisions
Whenever you make a decision to enter or pull out of the market, there is behavioral psychology behind it. This psychology could be leading you to make the wrong decisions!
In this episode, Mike Dukovich uses his background in psychology to speak about some of the most common biases that exist when making financial decisions. Mike talks about each bias, tells you what you can do so it doesn’t impact you, and provides an important lesson from each!
In this episode, you will learn:
- The concept of herding
- Availability bias in relation to finances
- Loss aversion and how it impacts investors
- The bias of confirming your wants
- And more!
Tune in now to join Mike as he uncovers some of the most common biases that our human psychology presents that could impact your decisions when it comes to money!
Resources: RBC Wealth Management | (724) 933-4446 | michael.dukovich@rbc.com
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