Best In Wealth Podcast
21min2022 MAY 27
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Has recency bias affected your investment decisions, now or in the past? https://www.schwabassetmanagement.com/befi-barometer-2021 (The Schwab BeFi 2021 study) found that recency bias is the most common behavior that advisors believe impacts clients’ decision-making. 78% of Millennials, 75% of the Silent Generation, 74% of Gen X, and 56% of Baby Boomers suffer from it. But what is recency bias? Why does it matter? What can you do about it so it does not ruin your retirement? On May 20th, 2022, we hit bear market territory—a 20% drop from the SandP 500’s high. It has a lot of people concerned. But should it? In this episode of the Best in Wealth podcast, I cover what recency bias is and how to keep it from derailing your retirement. [bctt tweet="Recency bias can destroy your retirement if you let it. Learn how to keep that from happening in this episode of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement #Bias...

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