Welcome back for another great episode of the Our 2 Cents podcast!
We're covering a really interesting main topic this week that takes us into the psyche of investors. We also have a listener question that was sent in to us and we wrap up by learning a bit more about Steve and Gabriel!
The Danger of Overconfidence:
- What does the Roman Empire have in common with your financial plan?
- Overconfidence is an interesting psychological phenomenon, which can be particularly dangerous when it comes to investing and personal finance.
- Find out how overconfidence in three key planning areas can undermine your investing performance and retirement goals.
- We also take a look at how confirmation bias can sneak in and compound the negative effects of overconfidence.
Listener Question:
- "My Long-Term Care premium is going up this year based on a notice I received, and it is significant. Should I pay the extra premium cost, or should I just cancel it before it goes up again?" - Hannah
Getting to Know Steve and Gabriel:
- What is something that you've done that you think everyone should do at least once in their lifetime?
- Who was your favorite teacher growing up, and why?
