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The seventh part of our psychology of investing series takes a closer look at status quo bias. How comfortable are you with change? Most people don’t like change, some even fear it. If you prefer to stick to the ways things are instead of changing course, even when the change might be wise, you could be affected by status quo bias.
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The principal mandate of the Nova Scotia Securities Commission (NSSC) is to protect Nova Scotia investors. One of the ways we do that is by issuing investor alerts and cautions.
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The sixth part of our psychology of investing series takes a closer look at confirmation bias. Are you open to changing your opinion on a situation? People tend to want to believe their opinions are consistent and correct. This strong desire to be right can affect how we process and gather information.
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First observed by the United Nations on June 15, 2012, World Elder Abuse Awareness Day (WEAAD) recognizes that nearly every country across the globe is experiencing a substantial growth in the number of older persons, Nova Scotia included. The most recent census showed that 22.2% of Nova Scotia’s population is 65 years of age or older.
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The fifth part of our psychology of investing series takes a closer look at anchoring. Have you ever been stuck on an original piece of information that has a strong effect on your decision making? It may have been anchoring.
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June is Seniors Month. Throughout the month the Nova Scotia Securities Commission will be sharing investor education content relevant to seniors and their families on our website and social media channels and delivering presentations to seniors’ groups. Here is a closer look at some of the content and presentations we have scheduled.
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Earlier this month we reviewed the Client Relationship Model Phase 2 (CRM2) required Annual Performance Report that outlines how your investment account has performed over the previous 12 months.
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The fourth part of our psychology of investing series takes a closer look at loss aversion. Have you ever held onto an investment longer than you should because you were afraid of taking a loss? This may have been due to loss aversion.
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Do you know how your investments are performing annually? Thanks to rules introduced by the Client Relationship Model Phase 2 (CRM2) investors must receive an annual performance report outlining what has happened in their account over the previous 12 months.
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The third part of our Psychology of Investing series takes a closer look at overconfidence bias. Overconfidence can be extremely dangerous when you’re investing as it can lead to financially harmful decisions that can affect your short and long-term financial situation.