http://www.bemanaged.com/2010/03/09/401k-investor-achilles-heel-1-overconfidence/ 401k Advice You Can Trust Mon, 23 Jan 2012 23:10:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.bemanaged.com/2010/03/09/401k-investor-achilles-heel-1-overconfidence/#comment-23 Eric Thu, 18 Mar 2010 17:41:54 +0000 http://bemanaged.com/index.php?option=com_wordpress&p=512&Itemid=68#comment-23 It's a fine balance, to be sure, but at the moment it seems as investor confidence is trending toward the more cautious than over-exuberance. Still so very volatile. It’s a fine balance, to be sure, but at the moment it seems as investor confidence is trending toward the more cautious than over-exuberance. Still so very volatile.

]]> http://www.bemanaged.com/2010/03/09/401k-investor-achilles-heel-1-overconfidence/#comment-22 Ouida Vincent Sat, 13 Mar 2010 17:36:49 +0000 http://bemanaged.com/index.php?option=com_wordpress&p=512&Itemid=68#comment-22 I believe there are two decision drivers, fear and greed. Fear is the majority driver for most people. Having said that one big win will usually cause anyone to believe that they knew what they were doing to get that win and that is the crux of over confidence. Humility really is the key, but the downside is to become too defensive and too cautious with investments. I believe there are two decision drivers, fear and greed. Fear is the majority driver for most people. Having said that one big win will usually cause anyone to believe that they knew what they were doing to get that win and that is the crux of over confidence. Humility really is the key, but the downside is to become too defensive and too cautious with investments.

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