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Investor Mistakes: Anchoring

Updated: Mar 12, 2021

Human beings have a natural tendency to “anchor” things – like buying a car based on a monthly payment, or chasing returns on investments that have done well, rather than rebalancing your portfolio. Even accepting a college tuition rate with negotiating can be a form of anchoring! Don’t fall for this – rather, “anchor” your financial goals. We discuss how in this video.