Here are strategies to consider: Don’t rely on motivation “New Year’s is when many people feel motivated to make changes, including making saving for retirement a priority. But motivation can dissipate quickly, as anyone who has joined a gym in January and stopped going in February knows.“ Instead find ways to “shrink your goals…
Category: behavioral finance
The Little Book of Behavioral Investing: How Not to Be Your Own Worst Enemy
I haven’t read this yet but it seems like a very timely title and approach during these times of drmatic financial market volatility.According to the Good reads website the book is : “A detailed guide to overcoming the most frequently encountered psychological pitfalls of investing Bias, emotion, and overconfidence are just three of the many…
Want to develop some good habits? Break bad habits?
“Welcome to My Habit Lab. Designed by scientists at the University of Southern California. We draw on the latest psychological research to help you break bad habits and start good ones.” Psychologist Wendy Wood, Ph.D. wrote the book: Good habits, bad habits: the science of making positive changes that stick Check out this website: http://goodhabitsbadhabits.org/…