Financially Well
Kevin Mahoney, CFP®
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Will a Home Bias in Investing Limit Your Potential Wealth?
• 7 minIs the U.S. always the best country in the world for investing your savings? Video ▶️ Watch this episode on YouTube *** Episode Description A Yale economist recently found that popular personal finance authors all show a home bias when offering investment recommendations. In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how we’re all vulnerable to this psychological shortcoming. Essentially, humans prefer things simply because we’re familiar with them. Kevin will explain why the U.S. stock market isn’t always your best investment option. Of course, over different periods of time, the U.S. stock market does grow at a faster rate than international stock markets. But on average, going back to 1975, such “outperformance” only lasts for 7.9 years. And that’s the point, as the growth of your money slows, at which you begin to regret your home bias. Welcome to Financially Well, the finance podcast for Millennials. *** ✏️ Full transcript and show notes *** Say Thanks 📧 Send me an e-mail ❤️ Leave me a review on Apple Podcasts 🟢 Leave me a rating on Spotify
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