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Common Personal Finance Regrets
In this episode of Wealth Strategies Unleashed, Robert Gilliland and Mike Alexander break down the psychology behind money and why emotions quietly drive so many financial decisions.
At the core, it often comes down to fear and greed. And if you’re not aware of them, they’ll influence everything from how you invest to how you spend.
The episode highlights four major behavioral patterns investors fall into:
- Overconfidence → “Markets always go up” → leads to overspending or taking too much risk
- Cognitive dissonance → ignoring facts that conflict with your beliefs
- Regret → avoiding opportunities because of past mistakes
- Prospect bias → chasing what feels like a big win, regardless of fundamentals
They also unpack real-world behaviors you see all the time:
- Spending more when portfolios are up
- Holding onto losing investments because you “don’t want to be wrong”
- Overconcentration in what’s familiar
- Treating gains like “house money” and taking unnecessary risks
The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation. This work is powered by Concenture Wealth Management.
Registered Representative of Sanctuary Securities Inc. and Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. Advisory services offered through Sanctuary Advisors, LLC., an SEC Registered Investment Advisor. Concenture Wealth Management is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.
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By Concenture Wealth ManagementIn this episode of Wealth Strategies Unleashed, Robert Gilliland and Mike Alexander break down the psychology behind money and why emotions quietly drive so many financial decisions.
At the core, it often comes down to fear and greed. And if you’re not aware of them, they’ll influence everything from how you invest to how you spend.
The episode highlights four major behavioral patterns investors fall into:
- Overconfidence → “Markets always go up” → leads to overspending or taking too much risk
- Cognitive dissonance → ignoring facts that conflict with your beliefs
- Regret → avoiding opportunities because of past mistakes
- Prospect bias → chasing what feels like a big win, regardless of fundamentals
They also unpack real-world behaviors you see all the time:
- Spending more when portfolios are up
- Holding onto losing investments because you “don’t want to be wrong”
- Overconcentration in what’s familiar
- Treating gains like “house money” and taking unnecessary risks
The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation. This work is powered by Concenture Wealth Management.
Registered Representative of Sanctuary Securities Inc. and Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. Advisory services offered through Sanctuary Advisors, LLC., an SEC Registered Investment Advisor. Concenture Wealth Management is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.