Subscribe to Our YouTube Channel

The most dangerous factor that can blow up your retirement savings is you! Financial experts Joe Anderson and Alan Clopine describe the different types of investor behavioral bias that can cause us to make bad investment decisions.

Special guest from Pure Financial, Matt Balderston explains how we are all susceptible to biases that can have a negative impact on your retirement portfolio.

Important Points:

1:50 – The Behavior Gap

2:26 – “Get Rick Quick” Schemes

3:45 – Behavioral Investing Biases and How to Fix Them

4:45 – Overconfidence Bias

14:15 – The Biggest Roadblock to Successful Investing: Loss Aversion

17:18 – Matt Balderston discusses: Confirmation Bias, Self-Serving Bias & Recency Bias

24:13 – How to Set Up a Disciplined Approach to Investing

26:19 – Email Question #1: I just got a new job. What should I do with my old 401(k)?

26:59 – Email Question #2: If I take funds from my IRA, how long do I have to redeposit the funds without being taxed on the withdrawal?

Featuring Special Guest

Matt Balderston

Senior Financial Planner

CFP®, AIF®

Matt is a graduate of the University of California, San Diego with a BS in Mechanical Engineering. After 10 years as an engineer, Matt decided to pursue a long-held passion and shifted his career to...

About the Hosts

Joe Anderson

President

CFP®, AIF®

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $1.5 billion in assets under management and has grown their client base to over 1,300 in just nine years of the...

Alan Clopine

CEO & CFO

CPA, AIF®

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently shares the CEO role with Michael Fenison, the original founder of the company. Alan is primarily responsible for the day-to-day activities of...