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Sunk Cost Bias or Gambler‘s Fallacy: it‘s just very difficult to cut our losses.

Sunk Cost Bias or Gambler‘s Fallacy: it‘s just very difficult to cut our losses.

January 9, 2022

The eight and last installment in the serie on Behavioral Finance. Sunk Cost bias or Gambler's fallacy. This bias is something I am certain we all are victim of. You may not want to admit but you fall victim to this one as well. We are human and we act with emotions. It is very difficult to cut our losses and walk away. Just recognize this can be very detrimental to your overall portfolio performance.

It is value we should seek, not the cheapest thing we can find.

It is value we should seek, not the cheapest thing we can find.

January 1, 2022

The seventh installment in the serie on Behavioral Finance. Achieving Cheap at all cost. A race to the bottom is not the same as a race to find value. In fact, getting the cheapest you can find of everything is refusing to recognize opportunity cost. Beware of such cognitive bias!

A little knowledge can be a dangerous thing. But full knowledge can be very powerful. Are you an outlier?

A little knowledge can be a dangerous thing. But full knowledge can be very powerful. Are you an outlier?

December 25, 2021

We are good at what we have learned and do. We are good at providing medical care. After all, we are doctors. Does that also mean we are good at building financial security and wealth? Most of us are not. Some of us are. Or at least we think we are. What we think we are really good at is mainly in investment. Are we also really good at the other aspects of financial planning? The biggest enemy to knowledge is not ignorance, it is the illusion of knowledge.

 

Please email me if you have any feedback, comments, or suggestion for future topics: hmfhd2020@gmail.com

Are you a cowboy when it comes to investing?

Are you a cowboy when it comes to investing?

December 19, 2021

The sixth installment in the serie on Behavioral Finance. Taking too much risk due to greed. This bias is something I am certain we all can fall victim to. Are you trying to be a cowboy and hit home runs all the time? Or should you follow a strategy to grow your portfolio?

Be sure to know who you are listening to. Songs of Sirens can lead you astray.

Be sure to know who you are listening to. Songs of Sirens can lead you astray.

December 9, 2021

The fifth installment in the serie on Behavioral Finance. Songs of Sirens. This bias is something I am certain we all are victim of. Beware who you listen to and what is being said. Do you fall the beautiful stories? if so, you are most at risk.

Quantitative Easing (QE) - breaking it down so you can understand why you need to care!

Quantitative Easing (QE) - breaking it down so you can understand why you need to care!

November 27, 2021

Quantitative Easing (QE) is a word that has been bounced around for some time now. I never understood what this sophisticated word meant. To be honest, I did not care until I understood it just enough. Now, I feel the need to understand a bit more because it will impact my personal finances in a very large way. QE will be broken down into simple concepts even a doctor (me and you) would understand.

 

Please email me if you have any feedback, comments, or suggestion for future topics: hmfhd2020@gmail.com

Checking your portfolio too often only creates regrets.

Checking your portfolio too often only creates regrets.

November 20, 2021

The fourth installment in the serie on Behavioral Finance. Checking you portfolio often. This bias is something I am certain we all are victim of. Checking your portfolio too frequently and acting on emotions when you goal is long term adds no value. It only creates regrets.

Loss Aversion is making you do things you will regret!

Loss Aversion is making you do things you will regret!

November 14, 2021

The third installment in the serie on Behavioral Finance. Loss Aversion. This bias is something I am certain we all are victim of. We experience loss more deeply than we experience gain. This in turn makes us do things that are not in our best interest.

Mea Culpa (Mikaela)

Mea Culpa (Mikaela)

October 2, 2021

Another episode in the series of Mea Culpa. This time, we learn from Mikaela.

To connect with me for mentorship/coaching/consulting related questions, please also visit: www.financialhealthdoc.com or email me at hmfhd2020@gmail.com

Do It Yourself Investing - the Good, the Gaps, and the Ugly

Do It Yourself Investing - the Good, the Gaps, and the Ugly

September 18, 2021

If you are making investment or money decisions on your own (DIY), are you doing it correctly? Have you considered the overall strategy? Or are you just buying assets haphazardly (like a plastic bag floating in the wind)? What is missing in the DIY strategy? You need to know (because what you don't know can really hurt you).

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