Develop a Risk Checklist

Emotional biases influence the way we feel. It is unwise to tell someone, “Don’t feel that way.” Instead, emotional biases, such as loss aversion, may be best considered in the portfolio recommendation and investment management phase. One suggestion is to develop a risk policy or a checklist of specific action items to implement should the market go down 15 percent, 25 percent, etc.

- Jay Mooreland, CFP^®, from the Journal of Financial Planning Article “Controlling the Urges: How Biases Influence Our Investment Decisions”

May 29, 1 p.m. EST
This Could Change Everything: Challenging Our Assumptions about Money, Debt, Inflation & Entitlements
Presented by Don St. Clair and Dick Wagner
1.5 CFP CE; $39.95 for members