Category: Financial mistakes

Confirmation bias can be costly

Do you tend to read and watch news sources that support your viewpoint? Do you find yourself agreeing with media pundits who validate an opinion you already hold? This is especially obvious in today’s political arena, with liberals gravitating to...

/ May 1, 2017

Chasing Performance Is a Quick Way to Disaster

In the early part of every year, you’ll find plenty of articles identifying the stocks and funds that notched the best return in the prior year. In many cases, these rosters of top-performing investments are intended as de-facto buy lists....

/ February 8, 2017

Money and Emotions-Can Trigger Crucial Flashpoints in A Marriage

When a couple’s marriage has ended in divorce or is ‘on the rocks’, often the underlying cause of the marital trouble is a potent combination of money and emotions.  Here are five different money personality types: Amasser – Someone who is...

/ October 22, 2016

Why Just Sitting There Is Better Than Being Active

Normally in life, we think of “active” as being better than “passive.” Get out there and move! Don’t just sit around on the couch, waiting for life to come to you! But when it comes to investing, sitting around may...

/ October 19, 2016

The perils of believing a stock’s story

Peddlers of market-advice newsletters know what sells: A good story about so-called hot stocks. Here are just a few recent headlines from stories in the media, touting single-stock purchases. 8 Bargain Dividend Stocks to Buy Now 4 Income Stocks to...

/ May 5, 2016

Pay Attention To Your Emotions About Money!

Humans are emotional creatures. That’s as true with our money as with anything else, although there’s a whole industry out there that tries to make you think your money decisions are purely logical. Unless you have a very deliberate process for...

/ January 20, 2016

Are Your Beliefs and Biases Hurting Your Finances?

Most people tend to think of personal finance as purely logical – something that involves only your cold, calculating, analytical left brain. However – cognitive and behavioral research reveals a number of common biases that affect investing. In other words,...

/ January 13, 2016

Who Saves More For Retirement, Men Or Women?

Sometimes it’s amazing how old stereotypes linger, even when plenty of data disprove them. Here’s one I heard just the other day: Men are better investors than women. It’s funny that that myth keeps hanging around, when there’s plenty of data...

/ November 23, 2015

You’ll Probably Want To Stop Working Someday

It’s tough not to buy stuff. Clothes, trips, electronics. There’s cool stuff to buy and do. Most people think they are immune to advertising and marketing, but marketers know differently. For the record, most people also think they are better...

/ September 27, 2014

Are You Making Fear-Based Decisions?

Bruce Schneier knows what scares people, and why people make fear-based decisions. He’s a specialist in security technology. I heard about him a few years ago, because of a contest that he sponsors: He challenges people to come up with...

/ January 17, 2014