There are countless biases and cognitive errors that humans make on a daily basis -- and many of them can affect whether or not you find financial success.
With the end of the year quickly approaching there are still a few things you can do to help your financial situation before the new year. Here is a quick list of items to look at this year which will give you a boost in 2018 and get your 2019 off to a great start.
Have you ever thought about what you would do if you received an inheritance?
Depending on your outlook, you may be concerned about recent news and current events and how they could impact your investments. There’s a lot of uncertainty out there right now -- both in regards to financial markets and to things like politics, disruptive technology, and more.
Not acting could leave you behind -- right?
The answer to reaching your financial goals is as easy as looking at your shampoo. On the back of every shampoo bottle there are three simple instructions; Lather. Rinse. Repeat. A simple three step approach can also be applied to your financial goals: Contribute. Be Disciplined.
Investors naturally focus on returns first for their retirement and investments accounts with risk being an afterthought until there is a stock market sell-off. Risk and return are paired together like peanut butter and jelly. They complement each other but too much of one or the other can make for a bad outcome. Here is what you need to know about your risk tolerance.
As humans, we all have tendencies or rules of thumb we use on a daily basis. The rules of thumb usually work so we don’t check to make sure if they are accurate. When it comes to investing we can bring similar behavioral tendencies that can sometime work and sometimes trip us up.