ANCHORING EXPLAINED

#psychologyofmoney #fundamentalsoffinance Anchoring Explained I'm Ethan with Fundamentals of Finance, a CFA charterholder and investment professional. And next in our series about the psychology of money, we're going to talk about anchoring. This video will have three parts. What is anchoring? How do salespeople and marketers use it against you? And how does it lead to bad investment decisions? I'll also show you how to avoid getting caught in these traps along the way. Anchoring essentially refers to the psychological phenomenon that when we're told something in advance that serves as an anchor. That bias is how we view everything else going forward. And after that, it's hard for our minds to move too far away from the first piece of information that we received. 00:00 Intro 00:25 What is Anchoring? 1:58 Tips For Overcoming Anchoring with Purchasing Decisions 5:46 Anchoring in Investing 6:20 NVIDIA Example 8:10 Overcoming Anchoring in Investing 8:59 Free Discord (120 Members) #fundamentalsoffinance #psychologyofmoney Disclaimer: Not Financial Advice The content provided on this channel, "Fundamentals of Finance," is for informational and educational purposes only. The information shared is not intended to be, and does not constitute, financial advice, investment advice, trading advice, or any other advice. You should not make any decision, financial, investment, trading, or otherwise, based on any of the information presented in this channel without undertaking independent due diligence and consultation with a professional broker or financial advisory. The opinions expressed in this channel are those of the authors and do not necessarily reflect the views of any sponsors or affiliated parties. Any financial decision you make is at your own risk. "Fundamentals of Finance" will not be held liable for any losses or damages incurred as a result of your reliance on information provided on this channel. Remember to always do your own research and consult with a qualified financial advisor before making any financial decisions.