299 Pain from losing money is twice as strong compared to the joy felt from gaining money

It never feels good to lose something important in our lives. This is certainly true when it comes to our money – we don’t want to see its value going down, and yet it’s unavoidable due to volatility when it comes to investments. In this episode, Dallas and Ali discuss our perceptions of losing money, how loss aversion affects us and what you can do about it so that you don’t make any hasty financial decisions. For more information, please visit www.mo50.com.au