| Description |
1 online resource |
| Bibliography |
Includes bibliographical references and index. |
| Note |
Vendor-supplied metadata. |
| Contents |
Front Cover; Investment Traps Exposed: Navigating Investor Mistakes and Behavioral Biases; Copyright Page; Contents; Acknowledgments; 1 Navigating the Investment Minefield; Where to Begin; Being a Do-It-Yourselfer; Working with an Advisor; Who Needs a Financial Advisor?; Types of Financial Advisors; Compensation Structure; A Shift in the Advice Landscape; Financial Services Firms versus Independent Financial Advisors; Costs of Conflicted or Bad Advice; Finding the Right Financial Advisor; Identifying Potential Candidates; Verifying the Advisor's Credentials; Checking the Advisor's Record. |
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Interviewing Potential CandidatesSelecting the Right Advisor; Using a Robo-Advisor; Lessons Learned; Questions; Notes; 2 Common Investing Mistakes: Round One; Investing Prematurely; Not Having an Investment Plan; Having Too Short a Time Horizon; An Example with a 401(k) Plan; A Retirement Example; Taking the Long View; Taking Too Little or Too Much Risk; Taking Too Little Risk; Types of Risk; Taking Too Much Risk; Having Improper Diversification; How Diversification Works; An Example of Risk Reduction; Achieving the Right Level of Diversification; Alternative Investments; Underdiversification. |
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OverdiversificationStrategies for Diversification; Failing to Review and Rebalance Investments Regularly; Strategies for Rebalancing; Challenges to Investors; Being Influenced by Emotions; Greed and Fear; Strategies for Handling Emotions; Lessons Learned; Questions; Notes; 3 Common Investing Mistakes: Round Two; Chasing Investment Returns and Trends; Drawbacks to Chasing Returns; Strategies to Avoid Chasing Returns; Paying Too Much in Charges and Taxes; An Example of Mutual Funds; Strategies for Reining in Charges and Taxes; Trading Too Often; Strategies to Limit Excessive Trading. |
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Engaging in Market TimingAn Example: Brexit; Strategies to Avoid Market Timing; Ignoring Indexing; Active Investing; Passive Investing; Strategies for Indexing; Relying on Unfounded Tips; Strategies to Avoid Relying on Unfounded Tips; Investing in Something You Don't Understand; Strategies for Gaining Understanding about an Investment; Buying Initial Public Offerings; Strategies Involving Initial Public Offerings; Developing an Investment Policy Statement; Why Have an IPS?; Questions to Ask When Creating an IPS; Steps in Writing an IPS; Benefits of Using an IPS; Lessons Learned; Questions. |
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Notes4 How Behavioral Biases Can Hurt Your Investing; The Behavior Gap; Types of Biases; Cognitive Bias; Emotional Bias; Social Bias; Different Perspectives: Traditional and Behavioral; Cognitive Biases: How Investors Think; Belief Perseverance Biases; Cognitive Dissonance; Confirmation Bias; Representative Bias; Conservatism Bias; Illusion of Control Bias; Hindsight Bias; Information Processing Biases; Anchoring and Adjustment Bias; Mental Accounting; Framing Bias; Availability Bias; Outcome Bias; Recency Bias; Limited Attention Bias; Familiarity Bias; Emotional Biases: How Investors Feel. |
| Summary |
Investment Traps Exposed helps investors and investment practitioners increase their awareness about the external and internal traps that they or their clients can encounter. |
| Subject |
Investments.
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BUSINESS & ECONOMICS -- Finance.
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Investment & securities.
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Investments. (OCoLC)fst00978234
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| Added Author |
Puttonen, Vesa, author.
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| Other Form: |
Print version: Baker, H. Kent. Investment traps exposed : navigating investor mistakes and behavioral biases. Bingley, England : Emerald Publishing, 2017 9781787142534 (OCoLC)962434942 |
| ISBN |
9781787142527 (electronic bk.) |
|
1787142523 (electronic bk.) |
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9781787142534 |
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