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The ABCs of Behavioral Biases

By now, you've probably heard that your behavioral biases can be the greatest threat to your financial well-being. As investors, we leap before we look. We stay when we should go. We cringe at the very risks that are expected to generate our greatest rewards. All the while, we rush into nearly every move, only to fret and regret them long after the deed is done.

Why do we have behavioral biases?

Most of the behavioral biases that influence your investment decisions come from myriad mental shortcuts we depend on to think more efficiently and act more effectively in our busy lives.

Usually (but not always!) these short-cuts work well for us. They can be powerful allies when we encounter physical threats that demand reflexive reaction, or even when we're simply trying to stay afloat in the rushing roar of deliberations and decisions we face every day.

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Market Correction

Written by Brian Puckett, CFP®, CPA/PFS, Attorney at Law.

If you enjoy good writing, we recommend all of Warren Buffett's annual Berkshire Hathaway shareholder letters, dating back to 1965. While financial reports are rarely the stuff from which dreams are made, Buffett's ability to crystallize investing wisdom is remarkable. His most recent letter, covering 2016, was no exception, including this powerful insight about market downturns:

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Evidence-Based Investors Approach Investing Differently

Written by Brian Puckett, CFP®, CPA/PFS, Attorney at Law.

We have a deep commitment at our firm to what is known as evidence-based investing. When it comes to helping our clients build and protect their wealth, we think data win out over intuition every single time. But what exactly does evidence-based investing mean, and why does it matter?

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Retirement Savings: A Little Goes a Long Way

Written by Brian Puckett, CFP®, CPA/PFS, Attorney at Law.

A recent study by Merrill Lynch and Age Wave found that the cost of retirement exceeds $700,000 on average, easily surpassing the costs of buying a home or paying for college. While this number probably seems daunting, it may be a comfort to know that setting aside even small amounts of money for retirement can have a big impact on your future nest egg.