In this episode, Aaron and Trishul discuss behavioral finance and behavioral economics in the context of last year's coronavirus rollercoaster. Humans are optimistic and pessimistic beings. And some of us are both at the same time, which seems like a contradiction. By acknowledging these sometimes conflicting feelings and focusing on the decision-making process, you can overcome emotional barriers to make wiser, more rational choices over time. And the benefits to your long-term well-being can be incredible. So why not make the shift in your life?
Episode References
MMS: Buying Stock For Fun
Investing Forever - The World Is Full of Bad Drivers
Investing Forever - Recency Bias
Investing Forever - Instinct Can Be Deceiving
Investing Forever - Worst Timing Ever
Investing Forever - Famous Amos and Noble Daniel
Investing Forever - Why Investment Mistakes Persist
Prospect Theory
Graystone: Emotions Related to Investing
Podcast Description
Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.