Question

What advice does behavioral economist Richard Thaler give to investors?


Only invest during an economic recession


Invest in Apple®


Rarely ever check on your stock portfolio


Only invest when the stock market is at an all-time high

Answer 1

Richard Thaler advises investors to rarely ever check on their stock portfolio. He believes that checking too frequently might lead to emotional decision-making and irrational trading, which can harm long-term returns. Instead, he recommends adopting a long-term perspective and a hands-off approach to investing.