Barry Ritholz has written down 20 lies people tell themselves about our “golden years.” Are you indulging in any of them? Here are the first 10.
We can avoid allowing our emotions to impact our thinking and behavior
We don’t have many biases that affect the way we perceive the world around us
We can evaluate fund managers (mutual or hedge funds)
We can predict the future
We are saving enough for retirement
We can pick stocks better than owning a broad index
Even if we have biases, we are smart enough to be aware of them
We are process, not outcome, focused
The Media hasn’t affected our thinking about a investment
We know how well we are doing with our investments
For the next 10, click the link.