Archive - May 21, 2016

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Write Down Your Investment Plan

Write Down Your Investment Plan

Charles Rotblut has a nice article in the American Association of Individual Investors Journal (AAII) entitled “Investing Strategies For An Irrational Brain.” First, he chronicles many ways that our brains are hard wired against making rational decisions. A combination of cognitive biases, emotions and reactive thinking leads to investing decisions that are not rational in terms of maximizing profits. Then, and most helpfully, he provides some of the best methods to prevent behavioral errors from occurring. Here are two of the easiest methods you can employ:

Use the Power of the Written Word

One of the simplest and

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