Author: finxl79

How to Combat Overconfidence:- • Seek Professional Advice: It can be countered by consulting with a financial advisor. A financial advisor can provide objective recommendations based on data and help...... Read More

• How to Fight Loss Aversion:- Diversify Your Investment The better-diversified portfolio will ease the psychological blow of market moves. By investing in the widest possible spread of different asset...... Read More

. Loss Aversion:- The Fear of Losing Money Loss aversion happens when people tend to feel a more painful pain of loss than the gainful pleasure of a gain. The...... Read More

Methods to Overcome Present Bias A key way to overcome present bias is through the automation of retirement savings through payroll deductions or direct transfers into retirement accounts such as...... Read More

Present Bias:-The Preference for Current Gratification Present bias is the tendency of preferring present rewards over later rewards. It is the main problem in retirement planning. People prefer to spend...... Read More