The ABCs of Behavioral Bias – Conclusion
We’ll wrap our series, the ABCs of Behavioral Biases, by repeating our initial premise: Your own behavioral biases are often the greatest threat to your financial well-being. We hope we’ve demonstrated the many ways this single statement can play out, and how often our survival-mode brains trick us into making financial calls that foil our […]
The ABCs of Behavioral Bias – S-Z
We’re coming in for a landing on our alphabetic run-down of behavioral biases. Today, we’ll present the final line-up: sunk cost fallacy and tracking error regret. Sunk Cost Fallacy What is it? Sunk cost fallacy makes it harder for us to lose something when we also face losing the time, energy or money we’ve already […]
The ABCs of Behavioral Bias – O-R
So many financial behavioral biases, so little time! Today, let’s take a few minutes to cover our next batch of biases: overconfidence, pattern recognition and recency. Overconfidence What is it? No sooner do we recover from one debilitating bias, our brain can whipsaw us in an equal but opposite direction. For example, we’ve already […]
The ABCs of Behavioral Bias – H-O
There are so many investment-impacting behavioral biases, we could probably identify at least one for nearly every letter in the alphabet. Today, we’ll continue with the most significant ones by looking at: hindsight, loss aversion, mental accounting and outcome bias. Hindsight What is it? In “Thinking, Fast and Slow,” Nobel laureate Daniel Kahneman credits Baruch […]
The ABCs of Behavioral Bias – F-H
Let’s continue our alphabetic tour of common behavioral biases that distract otherwise rational investors from making best choices about their wealth. Today, we’ll tackle: fear, framing, greed and herd mentality. Fear What is it? You know what fear is, but it may be less obvious how it works. As Jason Zweig describes in “Your Money […]
The ABCs of Behavioral Bias – A-F
Welcome back to our “ABCs of Behavioral Biases.” Today, we’ll get started by introducing you to four self-inflicted biases that knock a number of investors off-course: anchoring, blind spot, confirmation and familiarity bias. Anchoring Bias What is it? Anchoring bias occurs when you fix on or “anchor” your decisions to a reference point, whether or […]
The ABCs of Behavioral Biases – Intro
By now, you’ve probably heard the news: Your own behavioral biases are often the greatest threat to your financial well-being. As investors, we leap before we look. We stay when we should go. We cringe at the very risks that are expected to generate our greatest rewards. All the while, we rush into nearly every […]
Complimentary Notary Services for Clients
Veronica Torres – Client Service Associate and Notary Public At Warren Street Wealth Advisors, we place a heavy emphasis on continuing education and increasing service offerings for our clients. Today, we would like to congratulate Veronica Torres on becoming a Notary Public of the state of California, and with the event of her passing, […]
Handling ESOP Shares & Taxes
Joe Occhipinti Wealth Advisor Warren Street Wealth Advisors Sometimes an employer’s benefits program can include an employee stock ownership plan, commonly referred to as an ESOP plan. An ESOP plan is an employee benefit that allows its company’s participants to purchase the common stock of their company. Those who participate often receive tax benefits […]
9 Year End Tax Tips for Investors
Blake Street Chartered Financial Analyst Certified Financial Planner® Founding Partner & CIO Warren Street Wealth Advisors I know, I know, you’d rather be thinking about the holidays than taxes. Consider us The Grinch for even bringing this up, however, the timing is important. As the years draws to a close it is important that […]
Tax Write Offs. Tax Write Offs Everywhere…
It’s no secret that streamers don’t like paying taxes, we don’t either. Don’t let taxes drag down your profits as a streamer or content creator. Using bookkeeping software should be one of the first things you do to take control of your stream as a business and attempt to reduce your tax liability. Bookkeeping will […]
This Too Shall Pass
This too shall pass… It’s 10:38 p.m. on November 8th, 2016 and it appears global stock markets don’t like our pick for the 45th President of the United States of America. Last I checked, the S&P 500 futures were trading lower by about 4%. My phone has been lighting up since about 6:00 p.m., but […]