Anchoring Bias: How It Can Hurt (or Help) Your Investing Decisions

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Get To It With Grace

Grace Speckman, CFP® | Evans May Wealth

21 episodes

1 week ago

Welcome to “Get to it with Grace”. I'm Grace Speckman, a financial advisor at Evans May Wealth in Carmel, Indiana. I understand firsthand how intimidating, confusing, and complicated investing can feel. In this series, I will break down current market activity, investment strategies, finance jargon... you name it!... in an easy to understand format. So, let’s get to it…

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All content for Get To It With Grace is the property of Grace Speckman, CFP® | Evans May Wealth and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

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Anchoring Bias: How It Can Hurt (or Help) Your Investing Decisions

Get To It With Grace

1 minute 52 seconds

5 months ago

Anchoring Bias: How It Can Hurt (or Help) Your Investing Decisions

Story time: I was catching up with a client during the Aprilmarket dip, but he wasn’t calling out of concern for his portfolio—instead, he wanted to check in on me and the team, and offer a simple reminder… “This too shall pass.”

When I asked how he always stays calm during volatilemarkets, his answer was so simple I had to share!

Sharing his response and a quick cognitive bias concept,anchoring, in this short video.

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Disclaimer: Grace Speckman is a Registered Representative of Sanctuary Securities Inc. and an Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. Advisory services offered through Sanctuary Advisors, LLC., an SEC Registered Investment Advisor. Evans May Wealth is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC The subject matter in this communication is educational only and provided with the understanding that Sanctuary Wealth is not rendering legal, accounting, investment advice or taxadvice. You should consult with appropriate counsel, financial professionals, or other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements.