Are You Rationalizing an Investing Mistake?

February 22, 2021
What sorts of things do people say when making an emotional financial decision?

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After you listen

  • Having clearly defined goals can help keep you on track during uncertain times. If you don't have a financial plan or it's been a while since you've looked at yours, consider starting a new one at schwab.com/plan.
  • Follow Mark Riepe on Twitter—@MarkRiepe.
  • Having clearly defined goals can help keep you on track during uncertain times. If you don't have a financial plan or it's been a while since you've looked at yours, consider starting a new one at schwab.com/plan.
  • Follow Mark Riepe on Twitter—@MarkRiepe.

If you save money and invest it consistently, your path toward meeting your goals may seem simple. But most investors quickly discover that there are hurdles in the way—including our own brains. There are many cognitive and emotional biases that can trap us, and investors sometimes rationalize falling prey to these biases in familiar ways. In this episode, Mark is joined by Brad Bartick, branch manager of the downtown Denver Schwab branch, and financial consultant Joanna Heckman to discuss four different biases that investors have faced recently and what they sound like in action.

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