
MarketPsych : How to Manage Fear and Build Your Investor Identity.
Title:
MarketPsych : How to Manage Fear and Build Your Investor Identity.
Author:
Peterson, Richard L.
ISBN:
9780470886762
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (243 pages)
Series:
Wiley Finance
Contents:
MarketPsych: How to Manage Fear and Build Your Investor Identity -- Contents -- Preface -- Acknowledgments -- Chapter 1: Your Investor Identity: And Why You Need One -- Psychology and Finance: Failure to Communicate -- Beginning the Journey -- Risky Business -- Resisting Your "Idiot Friend" -- Finding Your Investor Identity -- Chapter 2: Investor Identity Fundamentals: Frames, Motivations, and Goals -- The Detail-Orientation Test: A Case Study in Frames -- Frames: Your Tinted Glasses -- Motivations: The Iceberg Theory -- Goals: Create a Slide Show -- to Guide Your Investing -- The Five Questions to Ask Before Investing -- Conclusion -- Chapter 3: Your Investor Personality: Your Character and Style -- What Makes a Great Investor? -- The "Big Five" -- The Character of Performance -- Working with Your Traits -- The Genetics of Successful Investing -- Using What You've Learned -- Conclusion -- Chapter 4: Your Investor Emotions: The Hidden Drivers of Behavior -- Restless Ed, the Redemption -Seeking Channel Trader -- Financial Wounds and Emotional Wounds -- Understanding the Science behind Emotion -- Using Your Emotions for Good: Damasio and the Iowa Gambling Task -- Stirring the Unconscious -- Being Triggered -- Name That Emotion -- Emotional Defenses -- Ed's Epitaph -- Conclusion -- Chapter 5: Your Investor Values: What's Most Important to You? -- Enjoying the Process -- The Financial Values Questionnaire -- Values Leakage -- The Impact of Financial Traumas -- All in the Family -- George Kinder and the Three Questions -- Digging into Money Taboos -- Conclusion -- Chapter 6: Your Investor Blind Spots: Identifying (and Avoiding) Mental Traps -- Trap #1: Win/Lose Mentality -- Trap #2: Down with the Ship Syndrome -- Trap #3: Anchoring -- Trap #4: Mean Reversion Bias -- Trap #5: Endowment Effect -- Trap #6: Media Hype Effect -- Trap #7: Short-Termism.
Trap #8: Overconfidence -- Trap #9: Herding -- Trap #10: Hindsight Bias -- MarketPsych's Investing Traps Worksheet -- Conclusion -- Chapter 7: Your Investor Stress: Smoothing Out the Ups and Downs -- Stress: An Overview -- Physical Effects of Stress -- Choking -- Managing Short-Term Investment Stress -- Cognitive-Behavioral Techniques for Long-Term Stress Management -- Financial Stress Management Plan (F -SMaP™) -- Conclusion -- Chapter 8: Being Your Best Self -- Psychological Foundations -- Brain Boosting -- The Economics of Behavior Change -- Learning Optimism -- Committing to Your Peak Performance Routine -- Setting up Goals -- Conclusion -- Appendix A: Chapter 9: Summary of Meditation Techniques -- Introductory Meditation (For Rapid "Letting Go") -- Mindfulness Meditation (Vipassana) -- Mantra-Based Meditation -- Thich Nhat Hanh -- Appendix B: Gratitude List -- About the Authors -- Index.
Abstract:
An investor's guide to understanding the most elusive (yet mostimportant) aspect of successful investing - yourself. Why is it that the investing performance of so many smart peoplereliably and predictably falls short? The answer is not thatthey know too little about the markets. In fact, they know toolittle about themselves. Combining the latest findings from the academic fields ofbehavioral finance and experimental psychology with thedown-and-dirty real-world wisdom of successful investors, Drs.Richard Peterson and Frank Murtha guide both new and experiencedinvestors through the psychological learning process necessary toachieve their financial goals. In an easy and entertaining style that masks the book'sscientific rigor, the authors make complex scientific insightsreadily understandable and actionable, shattering a number ofinvesting myths along the way. You will gain understanding of yourtrue investing motivations, learn to avoid the unseen forces thatsubvert your performance, and build your investor identity - thefoundation for long-lasting investing success. Replete with humorous games, insightful self-assessments,entertaining exercises, and concrete planning tools, this book goesbeyond mere education. MarketPsych: How to Manage Fear and BuildYour Investor Identity functions as a psychological outfitterfor your unique investing journey, providing the tools, trainingand equipment to help you navigate the right paths, stay on them,and see your journey through to success.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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