Mind on My Money

This bias is very comment in everywhere. I had hear a lot of people to sell the stock in the low price and keep the losers until they go bankrupcy. We have certrem difficulty to examiate our own bias.

I feel that the anchor affect, would be very strong in how I feel. It also makes sense that people would base their decisions on what they paid for a stock. However now that I am told this isn't how you should think I see the error in this sort of view. If you focus on what you paid for the stock then you are focusing on a lost amount of money. Investors should focus on what the stock will be doing and analising the futor to make the optimal about off their stocks not on the amount of money they have put into it.

Why do people assume that there is a jobless rate?!? This annoys me because I already have a good life with a family and food and water and shelter. The people who say that there is a jobless rate are at the bottom of the hierarchy of needs list.