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Australian Finance Podcast
Ethics & decision making: how we rationalise our financial choices [🧠Brain Hacks]
Jun 26, 2024
Kate Campbell, author of 'Buying Happiness', and Evan Lucas delve into financial decision-making on 🧠Brain Hacks. They discuss rationalization, ethical implications, biases, and aligning choices with values. The podcast explores conflicts of interest, biases in finance, and the importance of self-awareness in navigating ethical dilemmas.
27:02
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Quick takeaways
- Rationalization can lead to unethical financial decisions, necessitating management strategies.
- Financial decision-making should consider personal circumstances, ethics, conflicts of interest, and biases.
Deep dives
Understanding the Concept of Gearing in Investment
Gearing, commonly known in the stock market, is highlighted as a valuable tool for property investors who favor taking on debt to leverage their investments, providing the potential for increased gains. The Beadershares Wealth Builder Funds exemplify this strategy, offering moderate gearing for investors interested in Australian and global shares but emphasizing the associated risks. The importance of reading the fund's PDS and TMD on Betashares.com.au is stressed to assess suitability.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode