Did you stop for coffee and breakfast this morning, and do you plan on grabbing a sandwich at a café for lunch? Have you considered how eating out every day could be taking a bite of your wallet?In this episode, Peter Raskin explains how the small decisions we make can be consequential— and why financial decision making isn’t always rational.Related: Investment Tax Management Recommendations
In this episode, you will learn: How confirmation bias can impact the stocks you buy, and why this isn’t necessarily a good (or bad) thing Why the tendency to be overconfident in our own abilities can lead to irrational purchasing or decision-making What hindsight bias is and why we seem to notice it in others before we notice it in our own financial behavior How recent market events can create biases in our purchasing habits And more!
Tune in now and learn how to recognize your biases
(we all have them)!Resources: Raskin Planning Group