Investors don’t always act in a rational way. Sometimes they fall prey to common errors in thinking called cognitive biases that influence their financial decisions. Behavioral economics can help explain why investors sometimes act against their best interests.
Watch this video to explore some cognitive biases you didn’t even know you had, and learn some best practices to avoid irrational decisions that could harm your portfolio.
This video is part of the Simple Steps for a Retirement Portfolio course. Open an account to get access to the full course and more investor education:
Subscribe:
To learn more about stocks, tune in weekly to the Getting Started with Stocks webcast for livestreamed interactive sessions with TD Ameritrade education coaches:
We post educational videos that bring investing and finance topics back down to earth weekly. Have a question or topic suggestion? Let us know.
Connect with TD Ameritrade:
Facebook:
Twitter:
TD Ameritrade, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. ©2023 Charles Schwab & Co. Inc. All rights reserved.
source
