Amid an ongoing market downturn, many individuals may be prone to emotional investing. Michael Liersch, Wells Fargo head of advice and planning, joins Wealth! to discuss strategies for avoiding emotionally-charged decisions during this period.
So typically that leads to something called action bias, which means you want to derisk and you saw that a lot in the markets in the last couple of days loss, aversion is another one that comes up, which is a fear of loss.So human beings don't like to lose. Knowing that these are the tendencies that might come about naturally just as part of our psychological or, you know, just the pathway of thinking.It's always critical to have a collaborator and ideally a human one.
If you don't have enough, then you may want to make some strategic changes or some tactical changes in order to get there in a think of it as more certain way because we are all that uncertainty reduction machine at the end of the day. And that actually is research that has shown that mobile devices create more of an act bias than a desktop or a human being might.
The vice-president touted Tim Walz’s work for the middle class and his dedication to his family in a social media post announcing her selectionWICHITA FALLS, Tex. — Elon Musk's social media platform X has sued a group of advertisers, alleging that a “massive advertiser boycott” deprived the company of billions of dollars in revenue and violated antitrust laws.