Today on the Retirement Lifestyle Show, Roshan Loungani, Erik Olson, and Adrian Nicholson breakdown behavioral finance and how it affects our investment decisions. They discuss the common behavioral biases you should be wary of, the sunk-cost fallacy, and the benefits of having a long-term approach to investing.

[01:41] Behavioral Finance and Personal Biases

[05:36] How the Markets Can Affect Mood

[12:57] Common Behavioral Biases You Should Be Wary Of

[24:20] Data-Driven Investing and Why It's So Important

[26:30] Benefits of Having a Long-term Approach to Investing

[32:12] How The Overconfidence Bias May Hurt Your Investment Performance

[36:36] How The Self-Attribution Bias Affects Your Investment Decisions

[42:20] The Sunk Cost Fallacy

[46:30] Why We Own Stocks According to Warren Buffet

[49:30] A Calculated Approach to Investing

[52:50] Are the Markets Vastly Overpriced

[54:10] Parting Thoughts

Roshan can be reached at [email protected] or at 202-536-4468.  Erik can be reached at [email protected] or 815-940-4652. Adrian can be reached at [email protected] or at 703-915-8905.

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All opinions expressed by podcast hosts and guests are solely their own. While based on information they believe is reliable, neither Arete Wealth nor its affiliates warrant its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions, consult a professional.