#46 The Behavior Gap: Why We Invest the Way We Do
Manage episode 449754763 series 3530453
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Unlock the secrets to bridging the behavior gap and transform your financial decisions with insights from Aaron and Ryan Nelson, the founder of Alchemy Wealth Management. Ryan joins us to explore the fascinating disconnect between the sound choices we know we should make and the emotional responses that often derail us. Discover why not every decision needs to be purely financially driven, with relatable examples like car purchases where personal taste intertwines with financial reasoning. Ryan shares real-world insights from his practice, revealing how financial advisors can help clients close the behavior gap, especially during market fluctuations, to enhance their long-term financial success.
Dive into the nuances of investment returns as we spotlight the S&P 500's role in illustrating a striking behavior gap. You'll learn how timing and emotional reactions can lead investors to trail behind benchmark averages, with a stark 3.5% gap for stocks and an even more significant one for fixed income investments. With a touch of humor and references to "Men in Black," we stress the value of keeping an open mind in both investing and life. As a sneak peek into our upcoming conversation, we tease our exploration of brand loyalty and how beloved companies and products can sway financial decisions. Tune in for a thought-provoking episode that promises to elevate your financial literacy and decision-making prowess.
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Dive into the nuances of investment returns as we spotlight the S&P 500's role in illustrating a striking behavior gap. You'll learn how timing and emotional reactions can lead investors to trail behind benchmark averages, with a stark 3.5% gap for stocks and an even more significant one for fixed income investments. With a touch of humor and references to "Men in Black," we stress the value of keeping an open mind in both investing and life. As a sneak peek into our upcoming conversation, we tease our exploration of brand loyalty and how beloved companies and products can sway financial decisions. Tune in for a thought-provoking episode that promises to elevate your financial literacy and decision-making prowess.
Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk
If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com
And, as always, STAY THE COURSE!
Capitoli
1. #46 The Behavior Gap: Why We Invest the Way We Do (00:00:00)
2. Mastering the Behavior Gap (00:00:01)
3. Investing and Brand Loyalty (00:09:33)
49 episodi