When the Market Turmoil Gets Personal: Personal Finance Decisions for Investors Part 2

Market Elevation - A Cirrus Research Podcast

We continue our discussion for Part 2 of Market Conversations – When the Market Turmoil Gets Personal: Personal Finance Decisions for Investors. Featuring Maili Wong of Wellington-Altus and Bill Kan of Candent Capital Terms that resonate in this session are “A plan”, “discipline” and “a willingness to adapt.” These are all critical elements that allow for managing through market turmoil.
Topics Discussed in this episode: Introduction – Market Drawdowns and how one internalizes a correction. Drivers of common investor reactions; investor biases such as overconfidence, loss aversion, recency effect, etc. Are Reddit & Meme stocks a good thing? Investing is not an impulse buy, but a solid framework allows for the vagaries of the market. Roadmap – Specific ideas on how to pattern your financial planning. A little bit of discipline goes a long way.
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