Episode 118: "Biases, Big Windfalls & What Mr. Rogers Knew that Wall Street Doesn't"

Smart investors still fall into predictable traps. In this episode we unpack the biases quietly hurting your returns, how to handle life's biggest financial windfalls, and the surprisingly relevant money wisdom of Mr. Rogers - the stuff Wall Street never talks about.Chapters00:00 IntroInvestor Biases03:45 Confirmation Biases05:45 Loss Aversion Biases07:35 Disposition Effect Biases09:05 Hindsight Biases10:20 Familiarity Biases11:45 How an advisor can helpNavigating Financial Windfalls15:25 Your company is bought out19:30 You receive an inheritance22:15 Your property value increases   25:00 Your stock investments surgeMr. Rogers Quotes & Financial Wisdom 29:05 Discovering the truth about ourselves is a lifetime’s work...32:35 Often out of periods of losing come the greatest winning…34:55 Often when you’re at the end of something, you’re at the beginning…37:00 You rarely have time for everything you want in this life…Listener Questions 40:05: How much should I save for travel in retirement?44:40 What is a stretch IRA? Ready to plan your retirement? Do you have specific questions for Tom and the team at Mosley Wealth Management? Contact us here   https://mosleywealthmanagement.com/contact/ ===================================================If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄! https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1=================================================== ⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐ - Facebook: https://www.facebook.com/mosleyeaseintoretirement- Instagram: https://www.instagram.com/easeintoretirement/- LinkedIn: https://www.linkedin.com/company/mosley-wealth-managementLearn the key components you need to include in your retirement plan:Check this video out: https://youtu.be/QkJzvbZ_gDs#RetirementPlanning #RetirementRisks #RetirementBlueprint #LongevityRisk #MarketRisk #TaxPlanning #Social Security#Retirement #RetirementReady #FinanicalAdvisors #RetirementSavings #Retirement #HowtoPrepareforRetirement #RetirementTips #RetirementStrategyDISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.For more information, visit: www.mosleywealthmanagement.com