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Trends with Benefits
Trends with Benefits #26: Morgan Housel on Behavioral Finance and the Psychology of MoneyEd Lopez, Head of ETF ProductSeptember 15, 2020
Award-winning author Morgan Housel joins me on this episode of Trends with Benefits to talk about the importance of understanding one’s own psychology when it comes to investing and achieving independence.
Your Right Frame of Mind
Behavioral finance is a fascinating topic. It’s kind of the soft art of investing whereas much of what the people focus on is the science or the hard numbers. Morgan’s new book, The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness, is a collection of stories to help people understand different human behaviors that may impede one’s investment success.
To me, the stories help support one overriding goal and aspiration of many, independence. Many people save for retirement or to buy a house or take a once in a lifetime vacation. These goals are predicated on having some level of financial freedom and control. Everyone’s level of independence may be different, but we save and invest so that we have the security to live the way we want, on our own terms. What gets in the way of that? You do.
Trend or Fad
Listen for Morgan’s take on day trading, connected home fitness, inflation and the suburbs.
Please note that Van Eck Securities Corporation (an affiliated broker-dealer of Van Eck Associates Corporation) may offer investments products that invest in the asset class(es) discussed in this podcast.
The views and opinions expressed are those of the speaker(s) but not necessarily those of VanEck. Commentaries are general in nature and should not be construed as investment advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. Any discussion of specific securities/financial instruments mentioned in the commentary is neither an offer to sell nor a solicitation to buy these securities. Fund holdings will vary. All indices mentioned are measures of common market sectors and performance. It is not possible to invest directly in an index. Information on holdings, performance and indices can be found at vaneck.com.
All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future performance.
Van Eck Associates Corporation
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