In this episode of the In Your Business podcast, host Michael Sayre discusses toxic behavioral financial tendencies that can impact your 401(k) savings and investment strategies. He starts with defining behavioral finance and how it combines cognitive psychology and economics to understand why individual investors don't always make the best decisions or rational choices.
Michael talks about two common behavioral financial fallacies: herd mentality and anchoring bias. He explains how these tendencies can lead to poor investment decisions and offers strategies to navigate them.
If you're a business owner, business leader, executive entrepreneur, or HR manager, this podcast is for you. Tune in to learn how to navigate behavioral finance and make better financial decisions for your company. Don't forget to like, share, and subscribe to the podcast to support the show.
- Podcast Landing Page: https://www.cuiwealth.com/podcast-14-toxic-behavioral-finance-tendencies
- 8 Toxic Behavioral Finance Tendencies Blog Post: https://www.cuiwealth.com/blog/8-behavioral-finance-tendencies
- SHRM CE Event: https://www.cuiwealth.com/events
#401k #HR #entrepreneurship #startingabusiness #retirementplanning
Disclosures
Securities and advisory services are offered through Osaic Wealth, member FINRA and SIPC, and a Registered Investment Advisor. Insurance services are offered through CUI Wealth Management, LLC, which is not affiliated with Osaic Wealth. Neither Osaic Wealth nor its representatives offer tax or legal advice.
This communication is strictly intended for individuals residing in the states of (Arkansas, Utah, Colorado, California, Delaware, Michigan, Minnesota, New York, Utah, Wyoming, Idaho, Maryland, New Mexico, Nevada, Hawaii, Mississippi, and Oregon). No offers may be made or accepted from any resident outside the specific state(s) referenced.
Contact Information
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- Phone: 801-505-0548
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