Our book is a unique merging of financial literacy with life literacy. Here’s an example of that Yin-Yang merging, Annuity/Emotional Annuity. It reminds us that, like an ANNUITY, our emotional commitment towards others can be …forever.
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If you (or someone you know) are having difficulty repaying a loan, consider asking for forbearance. It will likely prove to be the best gift you receive this holiday season. This is a concept that is rarely, if ever taught, in business school. Many (most) college educated individuals in finance may not be familiar with it. Enjoy, and share our discussion of…
Understanding Our Regrets Today Can Improve Our Financial Tomorrow Feelings of regret, especially about financial decisions or inaction, are universal, but it’s possible to turn them into life’s best positives. BY H. DENNIS BEAVER, ESQ. PUBLISHED 7 HOURS AGO “‘Jerry,’ my 65-year-old father, is beating himself up over failing to get out of the stock market months ago when it was so…
Whether you agree or disagree with President Biden’s Student Loan Forgiveness Plan, it is useful to think of it in relation to the usual ways that credit is granted, and the expected payback of loans. That is why we posted the “5 Cs of Credit,” one of the 74 essential concepts in Your Total Wealth. Because financial advisors and bankers…
Confirmation Bias is the third article in our trilogy of behavioral finance biases affecting financial advisors and their clients. Indeed… that is one of the reasons Smart People Do Stupid Things… Feel free to download copies for yourself, your colleagues and your clients. CONFIRMATION BIAS A BEHAVIORAL FINANCE BIAS AFFECTING ADVISORS AND THEIR CLIENTS David Dubofsky, PhD, CFA Lyle Sussman,…
LOSS AVERSION: A BEHAVIORAL RISK FOR BOTH FINANCIAL ADVISORS AND THEIR CLIENTS David Dubofsky, PhD, CFA Lyle Sussman, PhD You win some and you lose some. For a moment think about how often you’ve heard or used that phrase. Maybe you said it to someone who was just denied a promotion. Or possibly someone said it to you after you lost…