Does your self-talk narrative have all the disparate pieces of your life fitting together neatly like a completed jigsaw puzzle? One of our important roles as financial planners is to insert a healthy dose of reality into your neat and orderly imaginary life story. Financial planning is like a security guard standing outside your inner […] The post It’s All in Your Head – Behavioral Biases in Financial Decision Making appeared first on JE Wilson ..read more

We live in a world brimming with information, data, and statistics. Despite this, the breadth of what you don’t know dwarfs what you do know. If knowledge is power, understanding what you don’t know is wisdom. History Repeats Itself Many investors cling to the belief (perhaps better described as misbelief), that the events of today […] The post What You Know, What You Don’t Know appeared first on JE Wilson ..read more

There are countless ways to run into trouble with your financial life, but the combination of overconfidence and inattention can be toxic. Professor Ken French says, “Most investors are overconfident in their ability to identify opportunities in the market.” Those of us with the Y chromosome can be particularly susceptible to this malady. The difficulty […] The post The Two Biggest Threats to Your Finances appeared first on JE Wilson ..read more

Everyone loves lists. You probably have To-Do lists, grocery shopping lists, and lists of shows you want to watch on Netflix. What about a list of essential money steps to help you make better money decisions? While there are no magic pills or secret formulas for building and sustaining a healthy financial life, there are […] The post 7 Essential Steps for Better Money Decisions appeared first on JE Wilson ..read more

Author and mathematician Nassim Taleb formulated the term “antifragile” in his best-selling 2012 book to describe things that benefit from disorder. Antifragility is not just trying to survive the financial hurricanes, it’s about becoming better and stronger. Systems that are antifragile are found throughout nature. However, humans seem to resist the concept and often make […] The post How To Become Antifragile appeared first on JE Wilson ..read more

2024 is now underway and all of your aspirational resolutions for this year will soon be tested. Most New Years’ resolutions fall within the broad categories of health, wealth, and happiness. But how do you really know if accomplishing these things will make you healthier, wealthier, or happier? Let’s start with health. You can’t control […] The post New Expectations for a New Year appeared first on JE Wilson ..read more

Christmas trees can be dazzling with their lights, shiny ornaments, and tinsel. All of these things stimulate your senses.  Enjoying these adornments on Christmas trees is satisfying, but shiny objects within the investment realm can create real problems. Beware. If you think about investing through the lens of emotion, many inappropriate investments will find their […] The post Beware of Shiny Objects appeared first on JE Wilson ..read more

The world we live in is full of things that change every day. One constant, however, is how bad most people are at predicting the future. Are you the exception? It’s important to recognize that much of what you believe to be true is a reflection of your personal experiences. Mix in some nostalgia about […] The post Are You Good at Predicting the Future? appeared first on JE Wilson ..read more

HAPPY THANKSGIVING! You know what financial liquidity represents within your life, but what about mental liquidity? Mental liquidity is the ability to change direction if needed along the way. Mental liquidity is represented by how quickly you can let go of beliefs that may no longer hold true. In a nutshell, mental liquidity means changing […] The post How’s Your Mental Liquidity? appeared first on JE Wilson ..read more

The primary risk you face as an investor probably isn’t what you think. The largest risk is the uncertainty about your lifetime consumption. How much money you’ll need for the remainder of your life trumps every other risk. The amount of money you’ll need is always uncertain because you don’t know how much you will […] The post How Do You Make Peace With Uncertainty? appeared first on JE Wilson ..read more