Tag Archives: Elizabeth Warren

The Five Biggest Financial Issues for People with Children At Home

This is the second article in a series. The first is titled The Five Biggest Financial Issues for Pre-Retirees.

The years in which you are raising children are among the most important in your life, and financial choices and decisions are no small part.  First, you are managing the widest range of financial demands.  You may simultaneously be paying off student loans, buying or remodeling a house, assisting other family members, saving for your childrens’ financial needs (like college), and saving for your retirement.  In addition, these tend to be the years in which people build their professional reputations.  Many parents feel challenged about how to give their children access to the best education possible, whether that means private schools our buying a house in a neighborhood with the best public schools.  Finally, an issue that gets very little attention,  you are doing this while modeling financial decision making for your children. The example that you set cannot help but shape your childrens’ perspectives and behavior about money.  Continue reading

Behavioral Finance’s Meir Statman on Why Investors Really Do What They Do

Behavioral Finance expert Meir Statman has cast his skeptical eye on the world of individual investors and finds we invest just like we shop for a car or sunglasses — some of us are bargain conscious, some are looking for a chance to show off. We can’t have it all, though we think we should be able to, and in this interview with Portfolioist, Statman outlines how that sense of entitlement plays into everything from seeking out the guidance of an advisor to Elizabeth Warren and the push for  investor protection. Here are edited excerpts from our interview with the Santa Clara University professor and author of a new book What Investors Really Want:

Portfolioist:  What Investors Really Want is your first book for the everyman investor, though your reputation as a leader in the field of behavioral finance is well known in academia and on Wall Street. Why did you decide to write for the general audience now? Continue reading