Instructional Video [Copy]

Instructional Video [Copy]

Published on 8 March 2023
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Fernanda Cervantes
Fernanda's Personal Gallery
Transcript
00:00
Behavioural finance
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A video series from
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CSS Pension Plan
00:04
We will explore the common human behaviours that can significantly undermine our ability to build wealth.
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00:09
This relevant to you as a CSS member because...
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CSS Pension Plan is a defined contribution (DC) pension plan – and a key characteristic of a DC plan is the investment decisions are yours to make.
00:15
As humans we have emotions and behaviours that often undermine our ability to build wealth over the long term
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is the study of the influence of psychology on the behaviour of investors
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Behavioural finance
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It focuses on the fact investors can be irrational, lack self-control, and be unduly influenced by their own biases
00:30
• Overconfidence • Fear of missing out • Loss aversion • Herding • Recency
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Some behavioural biases that can negatively impact investors’ ability to build wealth are:
00:33
We’ll discuss each of these behavioural biases in the series