Mind Tricks – The markets aren’t what they seem

mortgage magicThe markets often aren’t what they seem unless you keep your perspective … your long term goal …

… not someone else’s goal or fears

… not your short term needs for money (those shouldn’t be in the markets to begin with = poor plan for a short term goal)

Here’s an entertaining video on perspective and how you can be tricked into thinking one thing when perspective gets lost.

Note the very short segment in the middle about all the mind tricks we all are susceptible to when it comes to the market (where all our mental shortcuts are listed on the screen – and there are lots of them!)

Magic Moment – Mind Tricks – YouTube#!.

More mind tricks:

Mental Landmines I – the Gambler’s Fallacy

Mental Landmines II – the Hot Hand Fallacy

About Larry Frank, Sr.

Larry R Frank Sr., MBA, CFP®, is an experienced financial advisor and a published author on Retirement Planning Research. Have a financial question? Click Here to Ask Larry

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