Financial advice using a story from @guacandpico
The creator responds to a user's comment about pulling their retirement funds during a market crash. She tells a story about a Fidelity study which found that the best-performing investors were those who forgot about their accounts, connecting this to the behavioral finance principle of emotional trading. She warns against selling off during a crash and concludes with a personal anecdote about her father's advice to not touch her portfolio.
Creator: @guacandpico on TikTok
Transcript
Need to preface this by saying this is not financial advice, but I wanna tell you a story. There's a very famous quote, The best investor is a debt best. That's actually misattributed to this Fidelity tier that was conducted. The true finding was that the portfolios that performed, like, the best were of people who had forgotten they had accounts. And they didn't touch their portfolios, right? And so all that's to say in behavioral finance, behavioral economics, people trade, based on emotion a
Topics: Business, Psychology
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