Are Behavioral Biases Affecting Your Financial Picture?
Behavioral biases play a role in every aspect of our lives — including our financial health. A recent study from Morningstar found that these biases are more closely correlated with financial outcomes such as bank account balances, retirement savings, and even credit scores.
This CNBC article explains how your behavioral biases could be causing more financial harm than you realize, and offers a few ideas that can help you overcome them.
This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”). XML is not responsible for any actions taken related to this information.
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