When planning for retirement we can fall prey to all sorts of risks, warns this Time.com feature. Maybe you set your savings rate early on and haven’t raised it since – that’s complacency risk. Or maybe you let your feelings sway your investments – that’s emotional risk. And don’t forget longevity risk – the very real possibility of outliving your pension.
A little retail therapy can do wonders for our mood – until we get the credit card bill, at least. But did you know that feeling lonely makes women want to buy things – but it makes men want to buy experiences? Here’s more on how emotions affect our financial decisions.
Banking on bitcoin
Whether or not you should invest in Bitcoin is a personal decision, writes behavioural economist Stephanie Bank. But the cryptocurrency “frenzy” – as she describes it – has less to do with intelligence or experience, and more to do with human psychology. Herding and confirmation bias are key causes. Read more about Bitcoin in our report.