How COVID-19 will impact the future of investor behavior
If you have spent any time on social media in the last few months, you have inevitably seen a host of breathless articles opining on how “Coronavirus Will Change XYZ Forever.” While the impact of COVID-19 is undoubtedly dramatic, it is also human nature to…
Focused expertise
There have been many restrictions placed on the normal rhythms of life in response to the COVID-19 pandemic. The interactions we typically take for granted such as going to restaurants, spending time with friends, working out at the gym, and traveling on vacation have all…
Positioning yourself as a behavioral coach
While there is plenty of economic upside to the specialization required of modern life, one downside is that hyper-specialization can lead to siloed thinking. For a psychologist like me, the hammer that I have (an understanding of the power of behavior) can lead me to…
The eye of the storm
As a Florida native and South Florida resident seeing the store shelves empty and people stock up on supplies out of fear is eerily reminiscent of the days leading up to a hurricane. Last year, as a ferocious category 5 hurricane pummeled the Bahamas just…
Overcoming fear
As I’ve listened to and counseled some of the best financial professionals in the country over the last few weeks, one theme emerges: fear. Health-related fears. Financial fears. Fears about the future of our country. Fears about the uncertainty shrouding the world. There’s no shame…
5 answers for the scared voices in your head
While speaking with a friend this morning, we both reflected on how different the world seemed just a few weeks ago when we last met. COVID-19 has caused worry around both our health and the health of the economy, and while the specifics of this…
Noise vs. information
In my days as a clinical psychologist, my first ever rotation was at an inpatient eating disorder clinic. The treatment consisted of many things you might expect—nutritional counseling, psychotherapy, and group therapy—but it also included one element you might not expect: media training. You see,…
Win the day
As a child, my father (himself a financial advisor) had a single obsession—paying off our house. For him, debt was a burden he hated so thoroughly he referred to it as “a four-letter word, just like the rest of them.” To track his progress toward…
Into the unknown
Seeking respite from what has been a trying few weeks in the markets, I recently sat down with my kids to watch (OK, to re-re-re-watch) Frozen 2. Despite turning on the movie to unplug, I unintentionally found it filled with good ideas for investors who…
When it rains
Most of the focus on COVID-19 has understandably been on its physical impact, but the psychological impact of a pandemic is also worth considering. Social interaction is a huge source of psychological wellbeing, and its loss, paired with concerns about the market, as well as…