#268 | Why Optimism Bias Is Dangerous For Portfolio Managers (And What To Do Instead) - Financial Literacy, Financial Advisors & Wealth

Weekly Wealth Update: A Make Better Wealth Decisions podcast dedicated to explaining how current events impact your portfolio and the wealth decisions you make. Tune in every Monday for commentary on how the news of the week affects your portfolio and your thinking.Are you being subtly influenced by forward guidance without even realizing it?From central banks to portfolio managers, the same strategies are being used to shape how you think about markets, risk, and the future. When optimism bias enters the picture, it can either support better decisions—or quietly lead you in the wrong direction.In this episode, you’ll discover:How forward guidance is used to influence investor behavior and market confidenceThe hidden role optimism bias plays in your financial decision-makingWhy understanding the overlap between politics and portfolio managers can improve your outcomesListen now to uncover how these forces shape your financial future—and how to think more clearly in uncertain times.Worried about the current investment climate and your money?Go to johndegoey.ca to book a call for personalized advice to help you feel secure and protected about your retirement.John De Goey's Books. Grab your copy from Amazon:Bullshift: How Optimism Bias Threatens Your Financeshttps://www.amazon.ca/Bullshift-Optimism-Bias-Threatens-Finances-ebook/dp/B09YWVQMN6STANDUP to the Financial Services Industryhttps://www.amazon.com/STANDUP-Financial-Services-Industry-Well-Intended-ebook/dp/B07R8WHCGMThe Professional Financial Advisor IVhttps://www.amazon.ca/Professional-Financial-Advisor-IV/dp/1554831733