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Tag: finacial advising

Managing Your Response to Behavioral Biases

In the investment business terrain, there truly is no such phenomenon as a “sure thing,” and this is the reason our goals-based planning method takes into account the natural unpredictability of the market. In order to arrive at a safe middle ground, our strategy endeavors to invest assets in a way that even the worst of market situations have a less than total effect on any one portfolio. While there is no guarantee, prudent and science-based investing can help our clients weather the storm during market declines and benefit from the growth during periods of market upticks.

Human nature being what it is, however, we anticipate the anxiety that can lead clients to respond hastily during market corrections. Unfortunately, these premature panic responses can jeopardize a long term strategy, and significantly hurt a portfolio.

Behavioral biases can negatively affect our financial decisions, but there are ways to harness the power of optimism and manage your responses in a positive, confident manner, despite the inevitable pressures you may face financially over the course of your life.

The following is a demonstration of how a pragmatic approach to managing your behavioral biases can function to prevent your negative auto-responses during times when your confidence in your finances is strained.

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2849 Paces Ferry Rd SE, Suite 660
Atlanta, GA 30339

Best Financial Advisors in Atlanta

PACES FERRY WEALTH ADVISORS IS A REGISTERED INVESTMENT ADVISOR WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION. Registration does not imply any level of skill or training. Information presented on this site is for informational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any product or security. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here. The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. We make no representation as to the completeness or accuracy of information provided at these web sites.