Sarah DerGarabedian, a Forbes Councils Member, writes that it’s important to remember WHY we invest, to look beyond the numbers to what they represent – your version of financial freedom.
Parsec’s Sarah DerGarabedian explains how portfolio diversification helps protect against limitations of our narratives’ predictive capacities.
Articles about the benefits of meditation are everywhere these days, and for good reason. 2020 and 2021 were unusually stressful years, and people are looking for non-addictive, healthy ways to manage their stress and anxiety. Thus, I got interested in mindful investing.
Traditional finance is based on the premise that investors are able to consider all relevant information to make rational financial decisions. The underlying assumption is that all investors are risk averse and that everyone prefers higher returns to lower returns for the same level of risk. In practice, these assumptions are unrealistic because investors are not perfect and are subject to behavioral biases.
Successful people come in a variety of types, but a common denominator in successful people is that they have a good awareness of their own personality with money. Money personalities affect the way we behave when making financial decisions and how we go about spending, saving and investing.
If you’re a bogey golfer, you’ve probably had your share of three putts (and sometimes four), but I’m willing to bet you haven’t experienced anything like what happened to Dustin Johnson at the 2015 U.S. Open.
In today’s ultra-connected world it’s even more tempting to compare ourselves to our family, friends, and neighbors. Are we falling behind in our career? Is our family life sub-par? Should we be making more money? Although we all know that people post their best images and experiences on social media, it’s easy to forget that we are tuning in to a lop-sided view of reality. Ironically, this warped perspective can encourage ideas and behaviors that move us further away from what we’re trying to find: a happy and rewarding life.
The jam study demonstrated the phenomena known as “choice overload problem” when humans are faced with choices, less is better.
“Your health isn’t everything, but without your health, everything is nothing.” Asheville-based cardiologist Dr. Brian Asbill isn’t sure who initially said this quote, but he adamantly believes in it.
Even if you don’t have a long-term, your money does, thus the importance of holistic financial planning.