10 Tips for Current Retirees – Tip 2- Recognize Your Investor Bias
In this video, Jamison Smith, wealth advisor at EWA, discusses the importance of recognizing your biases as an investor, especially during market volatility. He highlights the common urge to pull out investments when markets are down, which is typically counterproductive. Jamison emphasizes the need for a trusted advisor to guide retirees not only financially but also psychologically, ensuring they make informed decisions and avoid potentially damaging knee-jerk reactions to market fluctuations.
Video Transcript
In this video, Jamison Smith, a wealth advisor at EWA, discusses the importance of recognizing your biases as an investor, especially during market volatility. He highlights the common urge to pull out investments when markets are down, which is typically counterproductive. Jamison emphasizes the need for a trusted advisor to guide retirees not only financially but also psychologically, ensuring they make informed decisions and avoid potentially damaging knee-jerk reactions to market fluctuations.
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