Would you say you know more about money than most? You would, if you’re like most investors. In fact, most people rate their financial knowledge higher than average. Yet… can’t pass a basic quiz on investing.
That gap between what we think we know versus what we actually know shows the overconfidence bias at play. And that’s just one bias out of several that can muddy our perspective and misguide our financial choices.
What’s your biggest worry about the next presidential election?
How do you think it’ll play out in your financial life?
Believe it or not, there’s a roughly 50-50 chance you’re worried about the next election tanking your portfolio. You may also be concerned about a recession, rising interest rates, or taxes going up.
No matter what has you feeling unsettled, it can all boil down to one question: Should we make money moves now, based on our election anxiety?
When was the last time you talked about money with anyone?
If you’re like most folks, you’re not having these conversations much, if at all – and you’d rather talk about death or politics than money. Sound familiar?
Small daily talks about money can touch on retirement dreams, funny money lessons, or some new financial fact you’ve learned. That’s just one daily action that could be hugely rewarding in the big picture.