Many different types of bias can play a role in the decisions an investor makes and most of the time it results in a negative outcome. Let’s highlight six of the biases that we see clients use for their financial decisions and explain how they affect your portfolio.

Today's show rundown: 

1:03 – A recent study looked at the ways financial bias impacted investors decisions.

1:37 – Confirmation bias is one we see a lot.

3:13 – Loss-aversion bias is a really big one because we feel the negative

5:28 – We feel losses much more than the gains.

6:36 – Disposition Effect Bias, what does this mean to investing?

7:35 – J’Neanne shares an example of how this impacted a client.

9:12 – Hindsight bias makes you feel like you an event was predictable.

10:13 – Familiarity bias led a lot of people to be hit hard in 2008.

11:55 – Let’s explain self-attribution bias.