There are plenty of courses that teach you how to “run the numbers” when it comes to picking stocks on Wall Street, but there are very few people talking about the two most essential factors behind those numbers, discipline, and behavior.
In other words, a better predictor of your investing success is not which stock you pick, but how you act when you have it.
This is powerful because Wall Street has taught us that the key to investing profits was picking the right stock (or adviser who picked the stock).
Unfortunately, as Dr. Daniel Crosby shares, focusing just on the numbers in investing is a problem. Numbers tell us how a stock is performing, but the way we respond is much more important.
This is why Dr. Crosby and the His & Her Money tackle the issue of your brain and investing. The more you know about your mindset and behavior toward money is a powerful skill that will return a nice profit to your wallet.
Investors who don’t understand how the market works could end up getting poor returns and pay higher fees than they have to. If you want to avoid that mistake, tune in to hear from Dr. Crosby.
Dr. Daniel Crosby has written and co-authored numerous books and is the founder of Nocturne Capital. He is at the forefront of behavioral finance and his ideas have appeared in various publications. To find out more about Dr. Daniel Crosby, PH. D, you can check him out on Twitter, or LinkedIn.
What You Will Learn
- Passing on financial literacy to the next generation
- Helping the next generation start investing- -and why they should start early
- Why is investing in Wall Street so complicated?
- Why investing is great for fund managers, but no so great for the average individual investor
- What kind of investments should we be looking at?
- Why expenses are very important in investing
- How to diversity your portfolio…and why it should be a global
- How to deal with psychological roadblocks that keep you from investing
- Why you should invest in more than stock (aka yourself)
Resources Mentioned
- The Behavioral Investor
- Dr. Daniel Crosby’s previous episode on The His & Her Money Show
- Motley Fool
- Morning Star
- The Retirement Gamble
Thanks For Listening!
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