4: Investing Biases Facing Retirees and How to Eliminate Them

Caleb and Riley are looking at a wide range of resources examining behavioral finance and how it can impact your retirement. We all have cognitive biases that can manifest in our investing, and it is important to remove those emotions. The sensible approach to investing for retirement should look to eliminate behavioral bias and make decisions with a data driven algorithmic strategy. Learn more about: - Tactical Allocation Vs Static Indexing - The role human behavior plays in investing - Shifting from a short-term investment strategy to a long-term investment strategy Memorable Quotes “Often in short-term decisions is where emotional bias exist. That is where they live. They live in the right now choices“ Resources Understanding behavioral finance can help advisors working with retirees Ten Ways Behavioral Finance Can Boost Retirement Security Tactical Allocation Vs Static Indexing: Which One Wins? Column: Legendary investment guru Peter Lynch says the move to index funds is a ‘mistake.’ He’s wrong Financial protection tactics as you near retirement Self-Directed Investors: Insights and Experiences April 2021 Here Are the 3 Biggest Mistakes Retirees Make, and How to Avoid Them Behavioral Finance: Understanding How Biases Impact Decisions Why most investors underperform the markets Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts