Stop. Think. Invest.: A Behavioral Finance Framework for Optimizing Investment Portfolios - Michael Bailey

Stop. Think. Invest.: A Behavioral Finance Framework for Optimizing Investment Portfolios

Michael Bailey
pubblicato da McGraw Hill LLC

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Use the power of behavioral finance to make smarter, better-informed decisions through every step of the investing process

In an economy where markets are more unpredictable than ever, emotions can derail the efforts of even the most experienced investors and wreak havoc on portfolio returns.

Applying powerful behavioral finance concepts, Stop. Think. Invest. provides a framework for identifying personal biases and avoiding mistakes that can cost big profits. Based on the author's extensive research and 100 key behavioral finance concepts, this guide provides a winning 12-step process you can use to successfully manage your trading and investing for long-term success, including:

Begin the initial research into a new stock
Create an investment thesiswhy are you buying the stock?
Trade timing and sizewhen are you buying and how much?
Make the initial purchase
Review the traderound up or round down
Test your original investment thesis

Stop. Think. Invest. reveals critical information about behavioral finance flaws, such as anchoring, confirmation bias, recency bias, and loss aversion.

Unlike other behavioral investing guides, Stop. Think. Invest. offers a fully organized and practical approach to applying behavioral finance to everyday investing.