Published On: December 1, 2022Categories: Emotional Investing, InvestingThe illusion that we understand the past fosters overconfidence in our ability to predict the future. We experience this all the time at Forensic Finance when in final consultations with clients, it can often be cathartic for someone to let go of past experiences to clear a path to recover a poor-performing portfolio.
Published On: November 4, 2022Categories: Emotional Investing, PlanningIf your target is to accumulate $2,000,000 over a given period, let's say by your 50th birthday, and today, you turned forty years of age. The required saving level, assuming zero investment growth, would be £16,666.66 per month.
Published On: October 17, 2022Categories: Emotional Investing, PlanningMany people delegate their investment choices to others they have already carried out a risk assessment with, their broker. However, it would be a good idea to understand how much risk the money you have worked so hard for is exposed to daily. You may be unpleasantly surprised.
Published On: October 8, 2022Categories: Emotional Investing, Evolving, FinanceThe sunk Cost Dilemma is a formal economic term that describes the emotional difficulty of choosing whether to continue with or abandon a given project or endeavour.
