Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | RSS
In this episode, we ask:
- What is the sunk cost fallacy?
- What is loss aversion?
- What is the status quo?
- Are you knee-deep in something?
- What did Christopher Olivola say?
- Do you ever sit through a movie you don’t like?
- Do you ever finish a low quality book?
- What did the Journal of Behavioral decision making say?
- Have you ever risked your life to attend an event?
- Have you done this in relationships?
- Can you get your lost money back, by throwing more money at it?
- Do you throw good money after bad?
- Do you double down on loser stock?
- How do you move on?
- How does this work in investment portfolios?
- Is it better to cut your losses or stick it out?
- How long do you have to wait for recovery after a market drop?
- Do 50% market drops ever happen?
- How long are you willing to wait?
- What about 10% drops in the market?
- How long before you break even?
- How do averages mess with your portfolio?
- Have you had someone say “don’t look at your 401(k)”?
- Where are you falling for the sunk cost fallacy?
- Will taxes go up in the future?
- Are you contributing to tax-postponed retirement accounts?
- What would be a better environment for retirement savings?
- What about surrender charges?
- What about indexed universal life products?
- Are you paying more costs?
- Do you want to continue to pay the fees?
- Are you working with a professional?
- Are you working with a specialist?
- Do you have a gut feeling that something is off with your current structure?
- Can you see the expenses on a whole life policy before you sign up?
- Have you heard Episode 36?
- Are you sticking with the plan even though it no longer serves you?
- What is the real problem?
- What is the cost of inaction?
- Have you heard Episode 99?
- Can you see the logical fallacy?
- Have you written a pro and con list?
- Should you take action?
- Have you gone through the fear setting exercise in Episode 99?
- Do you set goals in advance?
- What are SMARTER goals?
- What costs are you willing and not willing to endure?
- As a thought exercise, have you dropped in to your current life, as an outsider?
- Can you avoid more loss?
- Are your decisions rational?
- Are your decisions emotional?
- Where is the sunk cost fallacy showing up for you?
