“Fear has a greater grasp on human action than does the impressive weight of historical evidence.” – Stocks for the Long Run, Jeremy Siegel, Wharton School of the University of Pennsylvania
One of the deterrents, (if not the only deterrent) to our financial security is behavior. As investors, we seem to fall prey to certain actions. When it comes to our money, that can hurt us more than help us. Being aware of these behaviors may be critical to your wealth!
We fear loss significantly more than we like gain so sometimes avoid making decisions regarding investments that have the potential for loss. Yet other times we invest just because everyone else is investing. We base our decisions on only what we’ve heard or read recently, not considering history or a broad perspective of sources.
Franklin Templeton has developed a simple, online explanation of 5 behaviors that harm us when it comes to investing:
If a more in depth treatment of these behaviors, go to this link: