fbpx

Money Psychology

Financial Health and Survival Instincts

https://www.youtube.com/watch?v=Ad6I0q6J2Ug&t=7s My research in psychology, along with 35 years of experience working with people and their finances, suggests that how we handle money is more instinctual than cognitive. It’s more a factor of our brains’...

Risks of Financial Advice from Family and Friends

Watch this video on YouTube Here’s a risk to your financial health that may surprise you: following poor financial advice or buying expensive investments from relatives and friends. There are two reasons for this. First, we tend to trust and rely on people we...

DOL Fiduciary Rule: Lower Fees, Unhappy Customers

Watch this video on YouTube I recently learned about an unexpected response to the new Department of Labor rule which mandates that all financial advisors and brokers act as fiduciaries (that is, in the best interest of the consumer) when dealing with customers’...

Portfolio Performance More Than Beating the Market

Watch this video on YouTube Are your investment returns beating the market? That question isn’t as simple to answer as you might think. First of all, “the market” isn’t easy to define. You can compare your investment returns to the Dow Jones...

Rick Honored as “Distinguished Adjunct Professor”

Rick has been appointed to the rank of Distinguished Adjunct Professor by Golden Gate University, located in San Francisco, CA. “This is the highest rank that can be conferred upon a member of our adjunct faculty,” noted Barbara Karlin, Vice President for...

Don’t Confuse Me With The Facts: Information Avoidance

Watch this video on YouTube As a young girl my daughter once told me, “Dad, your reality is not my reality.” While at the time I thought it was a cute quip, many years later I am still learning the depth of truth it contains. One recent reminder is a study...