How Wall Street Uses Complexity to Exploit You

In Today's newsletter:

• How Wall Street Uses Complexity to Exploit You
• Here's What Financial Trauma Does to Your Brain
• This Is Why Taking Risks Terrifies You

How Wall Street Uses Complexity to Exploit You

Investing is both?important?and?simple.

Do you agree with both parts of that statement?

If you’re like most people, you would probably agree that investing is important, but few people believe that investing is simple.

This is by design.

The financial services industry has an economic incentive to convince you that investing is too complicated for you to handle on your own.

If investing is both important and simple, it’s something you can do yourself. But, if you believe investing is important but too complicated for you to handle, you’ll fork over your money to have an?expert?handle it for you.

The more complex investing gets, the more profits the middlemen can extract.

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Here's What Financial Trauma Does to Your Brain

Trauma is the emotional response to a deeply upsetting event. It can break down your mental resiliency and leave you feeling helpless.

There are many different kinds of trauma, including financial trauma. Money-related events that were so devastating that they continue to impact our relationship with money months or even years after the fact.

This is another installment in my ongoing series called “Money On My Mind,” where I publish articles to help you deal with the psychological aspects of managing money.?Check out past editions of the series here.

Continue reading to learn:

• How past financial trauma can impact your financial decision making
• The science behind trauma and how it affects the brain
• How feelings of financial shame manifest in poor money decisions
• How to overcome financial trauma and live a happier, richer life

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This Is Why Taking Risks Terrifies You

"Dwelling on the negative simply contributes to its power."

—Shirley MacLaine

We continue our exploration of cognitive biases by unpacking the most human bias of all; negativity bias.

Continue reading to learn:

• What negativity bias is
• Where it comes from
• How it warps your perception of risk
• How to overcome negativity bias

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This newsletter is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions