Skip to content

Our media.

Retirement is calling

Loss Aversion and Your Investments

By the Retirement Solutions Show

In this week’s episode of the Retirement Solutions Show, Ralph Hicks, David Hicks, Michael Hicks, and Ryan Gilmore discuss the common behavioral trap known as loss aversion.

Investors and advisors alike tend to overlook the psychological side of investing and how it can lead us to make poor decisions based on emotion. Over the next several weeks, Oakmont seeks to uncover common behavior traps so that listeners can make smarter financial decisions.

In this episode, the team at Oakmont shares tips about how to avoid falling victim to loss aversion, including:

  • What is loss aversion?
  • Why understanding loss aversion is crucial to making smart investment decisions
  • Ways we’ve seen loss aversion affect investors
  • How knowing your Risk Number can help you avoid irrational decision-making
  • Why you should plan for how you will react to certain financial events

Additional Resources

Curious about your personal Risk Number? Take the free, short quiz to determine your personal risk tolerance.

What’s My Risk Number? Click here to find out.

Subscribe & Review

Be sure to subscribe on ITUNES, STITCHER, or SPOTIFY to be notified every time a new episode of the Retirement Solutions Show is released.

We’d also appreciate if you let us know how we’re doing by leaving a review on iTunes! CLICK HERE TO LEAVE A REVIEW.

Submit a Question

If you have a financial or retirement-related question that you’d like us to answer on our podcast, CLICK HERE TO SUBMIT YOUR QUESTION.

Thanks for listening!

You might also like...

Back Button Play Button Pause Button Forward Button
Error loading track title...