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Born to be a Bad Investor: How Psychological Biases Affect Your Investment Decisions PR Newswire - June 15, 2005 14:34
Bell Investment Advisors to Present Free Seminar June 28th in San Francisco
OAKLAND, Calif., June 15, 2005 /PRNewswire via COMTEX/ -- Great investors are made, not born. Ingrained psychological biases, which are part of being human, can lead to emotional, rather than rational, investment decisions. By letting emotions control investment decision-making rather than following reasoned approaches, many individual investors significantly decrease their chances of success.
Bell Investment Advisors, an Oakland wealth management firm, will present "Born to Be a Bad Investor" from 5:30 - 7:00 p.m. on Tuesday, June 28th, at the Omni Hotel, California and Montgomery, San Francisco. This seminar will help investors learn how to spot and avoid common emotional investing patterns, find approaches for staying clear and focused about their investments, and know when to call for help. James F. Bell, CFP(R), President, and Matthew P. King, CFA, Portfolio Manager, will present. The seminar is free and open to the public. Seating is limited, and reservations are required. Call 510-433-1066.
One of the most common biases investors have is holding on to declining assets too long and selling "winners" too quickly.
"It's human nature to seek reward and avoid pain," King said. "Investors frequently see selling a stock that's increased in value as a reward. However, they'll likely avoid selling a stock that's down because they see it as confirmation of a bad decision they've made."
This bias can create a double whammy for investors. Holding underperforming assets while selling performing assets often leads to poor performance, combined with the negative tax consequences of always realizing gains and never realizing losses to offset those gains.
"Our aim is to help people take fiscal responsibility as well as attain fiscal capability," King added, "so they make more with those hard-earned dollars."
Bell Investment Advisors, Inc., based in Oakland, is a wealth management firm committed to delivering results well beyond market standards. Recognized in 2004 as one of the Top 100 Fastest Growing Private Companies in the Bay Area by the San Francisco Business Times, Bell Investment Advisors manages more than $225 million in assets. Minimum investment requirement is $250,000 per account. For more information, call 510-433-1066 or visit www.bellinvest.com.
SOURCE Bell Investment Advisors, Inc. Mary Witwer of Bell Investment Advisors, Inc., +1-510-433-1066, ext. 106
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