#behavioral-finance

#behavioral-finance

In the high-stakes crypto landscape, volatility is more than a market characteristic; it is a psychological battleground, filled with euphoric highs and crushing lows. In this environment, every moment feels like a rollercoaster, fuelled by fear, hope and hype, and while some investors thrive, not all do; in fact, they may end up burning out because they react emotionally to price dips.

Join us for a full day of expert advice on managing your finances and planning for the future. Get free, objective, no-strings-attached one-on-one counseling from CERTIFIED FINANCIAL PLANNER(TM) professionals and attend financial workshops throughout the day. All financial workshops will take place in the Koret Auditorium and be livestreamed on Zoom. This is a hybrid event. Registration is required for Zoom attendance.

She prefaced the meet-up with this note: I'm waiting for the market to drop before putting my recent, big commission payment into the market. This came within days of another message from a listener: Should I do something with my 401(k) before the bottom falls out? If only we knew when that was going to be! I'm often asked to peek into portfolios when stock market indexes reach new highs or after gut-wrenching plunges.

Nationwide also found that nearly half of plan participants have made reactive decisions to shift their funds to more conservative assets. And the percentage is slightly higher among people ages 22 to 34 who have more time to invest and save. Furthermore, respondents who expressed the highest levels of confidence were more likely to make risky financial decisions. They were 12 percentage points more likely to have reallocated savings to more conservative assets,

The investment decisions people make are often influenced by cognitive biases that can lead to irrational decisions or behavior contrary to personal financial goals. Cognitive biases, like the status quo bias, showcase a tendency to prefer existing circumstances over change.