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.