Jim Hitt Explains Cognitive Bias Traps to Avoid with Self-Directed IRAs
A new tool launched at the
Calling the tool "fun and lighthearted," but looking at a "serious issue,"
"As a group, Self-Directed IRA investors tend to be a rational bunch," said
The solution is to be aware of these cognitive biases and understand their impact on behavior. Information can also help--for example, the tremendous upswing that comes with compounding interest is a good way to dissuade investors stuck with "present bias," as it shows there are even greater long-term rewards for consistent retirement investing habits.
For more information on Self-Directed IRA investing, continue to read the posts at http://www.AmericanIRA.com or call 866-7500-IRA.
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As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term "they" refers to American IRA, located in
Read the full story at http://www.prweb.com/releases/2018/05/prweb15452122.htm
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