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

1 answer

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.