Behavioral Finance and Investor Types: Managing Behavior to Make Better Investment Decisions

Behavioral Finance and Investor Types: Managing Behavior to Make Better Investment Decisions
ISBN-10
1118235606
ISBN-13
9781118235607
Category
Business & Economics
Pages
336
Language
English
Published
2012-05-22
Publisher
John Wiley & Sons
Author
Michael M. Pompian

Description

Achieve investing success by understanding your behaviortype This groundbreaking book shows how to invest wisely by managingyour behavior, and not just your money. Step by step, MichaelPompian (a leading authority in the practical application ofBehavioral Finance concepts to wealth management) helps you plan astrategy targeted to your personality. The book includes a test fordetermining your investment type and offers strategies you can putinto use when investing. It also includes a brief history of thestock market, and easy-to-comprehend information about stocks andinvesting to help you lay a solid foundation for your investmentdecisions. Behavioral Finance and Investor Types is divided into twoparts. Test Your Type, gives an overview of Behavioral Finance aswell as the elements that come into play when figuring out BIT,like active or passive traits, risk tolerance, and biases. The bookincludes a quiz to help you discover what category you are in. Planand Act, contains the traits common to your type; an analysis ofthe biases associated with your type; and strategies and solutionsthat compliment and capitalize on your BIT. Offers a practical guide to an investing strategy that fitsboth your financial situation and your personality type Includes a test for determining your tolerance for risk andother traits that will determine your investment type Written by the Director of the Private Wealth Practice forHammond Associates—an investment consulting firm servinginstitutional and private wealth clients Behavioral Finance and Investor Types offers investors abetter sense of what drives them and what puts on their breaks. Byusing the information found here, you'll quickly become savvy aboutthe world of investing because you'll come to understand your placein it.

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