Understanding Biases That Shape Your Financial Behavior (Ep. 137)
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Your emotions may be costing you more than you think, especially when it comes to financial decisions.
In this episode, Peter Raskin explores how common behavioral biases influence investor decisions and why recognizing them is crucial for effective long-term planning. He reflects on his recent travels to Morocco and connects those insights with the emotional triggers he sees in client behavior. From empathy to automation, Peter offers grounded strategies for responding thoughtfully in uncertain times.
Peter discusses:
- The emotional triggers clients face in periods of uncertainty and how those feelings influence financial decision-making
- Seven behavioral biases and how each can impact investment choices
- The value of empathy, long-term thinking, and automation to help reduce impulsive decisions and emotional reactions
- Key books on behavioral economics to help listeners better understand their own biases and improve decision-making
- And more!
Resources:
- The Psychology of Money by Morgan Housel
- Misbehaving by Richard Thaler
- Nudge by Richard Thaler and Cass R. Sunstein
- Thinking, Fast and Slow by Daniel Kahneman
Connect with Peter Raskin:
- Raskin Planning Group
- (617) 728-7433
- LinkedIn: Peter Raskin
- Facebook: Raskin Planning Group
- LinkedIn: Raskin Planning Group
Schedule a Time with Peter Raskin:
This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.Securities and investment advisory services offered through Osaic Wealth, Inc., member FINRA/SIPC. Osaic Wealth is separately owned, and other entities and/or marketing names, products, or services referenced here are independent of Osaic Wealth.