Behavioral Finance

Great Ideas to Consider During Retirement

May 23, 2019 by Hans Blake, CFA, CPA

Reading Time: 1 minute

On today’s Intelligent Money Minute, we’ll interview Beverly Flaxington on great ideas to consider during retirement. During this episode, Bev encourages us to view retirement as a new phase, and she provides lists of various jobs and volunteer work ideas for retirees. She stresses finding a profession that sparks joy and excitement instead of the primary objective being money. Our previous podcasts with Bev highlighted Should Financial Advisors Become Life Coaches and Why Retirement Shouldn’t Be Your Only Goal.

We’ll be interviewing Beverly on several podcasts regarding behavioral finance, and the emotional journeys one can embark on during retirement, so be sure to subscribe to our Intelligent Money Minute podcasts.

Beverly Flaxington, American businesswoman and founder of The Collaborative, holds the trademarked moniker, Human Behavior Coach®. She received this title for her years in professional consulting and the human behavior development industry. Also, Flaxington has authored seven books on personal and professional development.

Beverly Flaxington Bio

In addition to being a coach on changing human behavior, she is a three-time bestselling and Gold-award winning author, an international speaker, behavioral expert, and business development expert.

Bev has created a number of proprietary approaches to changing human behavior and helping companies reach excellence. In addition, she blogs for Psychology Today and answers human-related questions in Advisor Perspectives Magazine.

In 1995, Bev co-founded The Collaborative, a sales and marketing consultancy. The firm provides strategic and tactical support to help financial services and wealth management firms reach higher levels of effectiveness. The Collaborative specializes in delivering effective coaching, training, and proprietary consulting services. In 2008, the firm launched a new online portal, AdvisorsTrustedAdvisor.com.

The Power of Passive Investing

May 15, 2019 by Hans Blake, CFA, CPA

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On today’s Intelligent Money Minute, we’ll interview Rick Ferri on the power of passive investing. During this episode, Rick defines passive investing and why the biggest investing hurdle is not the market, but ourselves. He highlights the value of spreading risks and rewards in a portfolio rather than attempting to beat the market. At Intelligent Investing we believe in the following portfolio practices: asset allocation, diversification, and rebalancing. You can read more about our wealth management philosophy here.

We’ll be interviewing Rick on several podcasts regarding index investing, behavioral finance, and practical tips for retirees, so be sure to subscribe to our Intelligent Money Minute podcasts.

Rick Ferri is a fellow CFA Charterholder, Marine veteran, author, and owner of Ferri Investment Solutions. He continues to write books and articles, provide educational webinars, and teach financial lectures.

Rick Ferri Bio

Rick Ferri earned a B.S. in Business Administration and an M.S. in Finance. He also holds a Chartered Financial Analyst (CFA) charter through the CFA Institute. After college, Rick served as a U.S. Marine Corps officer and fighter pilot for 20 years of active duty and reserve service.

Rick’s investment career spans three decades and offers a history of empowering people to achieve their goals. He landed in the brokerage industry in 1989 where he learned the wrong way to invest. As a result of 10 frustrating years, Rick founded one of the country’s first low-fee investment advisory firms. Rick’s firm grew to a sizable business over the next two decades due to the explosion of interest in low-fee investing. This growth provided good-paying jobs to dozens of people and allowed Rick to take on business partners with whom he generously shared his equity. Rick left the firm a few years ago and is no longer an owner.

Ferri Investment Solutions is Rick’s new firm. This modern concept provides even greater value to investors by “unbundling” adviser services whereby clients pay only for the time it takes to assist them. In addition, Rick’s industry consulting firm helps other advisers build their investment practices, and he has launched Core-4 Portfolios to provide simple model portfolios for use by a wide variety of investors.

The Legacy of Jack Bogle

May 8, 2019 by Hans Blake, CFA, CPA

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On today’s Intelligent Money Minute, we’ll interview Rick Ferri on the legacy of Jack Bogle. Rick first met Jack Bogle at a Boglehead’s forum. During this episode, Rick recounts his personal interaction with Jack, and how he left a lasting impression. One quality that stood out to Rick was Jack’s goal in life. Rick says, “Jack’s goal in life wasn’t to make money, but to make a difference.” Jack Bogle understood why he did what he did because of his core values. At Intelligent Investing, we have our core values listed on our site to be transparent about our “Why?” You can read those here. Be sure to also read our previous blog we wrote about a note we received from Jack Bogle.

We’ll be interviewing Rick on several podcasts regarding index investing, behavioral finance, and practical tips for retirees, so be sure to subscribe to our Intelligent Money Minute podcasts.

Rick Ferri Bio

Rick’s investment career spans three decades and offers a history of empowering people to achieve their goals. He landed in the brokerage industry in 1989 where he learned the wrong way to invest. After 10 years of frustration, Rick founded one of the country’s first low-fee investment advisory firms. Rick’s firm grew to a sizable business over the next two decades due to the explosion of interest in low-fee investing. This growth provided good-paying jobs to dozens of people and allowed Rick to take on business partners with whom he generously shared his equity. Rick left the firm a few years ago and is no longer an owner.

Emotionally Transitioning Into Retirement

May 2, 2019 by Hans Blake, CFA, CPA

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On today’s Intelligent Money Minute, we’ll interview Beverly Flaxington on the importance of emotionally transitioning into retirement. During this episode, Bev reflects on her mother’s transition from a full-time career to retirement, and the toll it took on her. Many don’t realize the significant emotional component that comes with retiring. Bev provides valuable insight on how one can better prepare for the next phase. Our previous podcasts with Bev highlighted Why Retirement Shouldn’t Be Your Only Goal and Great Ideas to Consider During Retirement.

Beverly Flaxington Bio

In addition to being a coach on changing human behavior, she is a three-time bestselling and Gold-award winning author, an international speaker, behavioral expert, and business development expert.

Why Retirement Shouldn’t Be Your Only Goal.

April 24, 2019 by Hans Blake, CFA, CPA

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Have you ever considered what’s next after retirement? On today’s Intelligent Money Minute, we’ll interview Beverly Flaxington on why retirement shouldn’t be your only goal. Many advisors make the mistake of solely focusing on their clients’ retirement while glossing over the decades still to come. During the interview, Bev identifies common oversights in financial planning and how to avoid them. Our previous podcasts with Bev highlighted The Value of Knowing Why and How People Think and Should Financial Advisors Become Life Coaches.

Beverly Flaxington Bio

In addition to being a coach on changing human behavior, she is a three-time bestselling and Gold-award winning author, an international speaker, behavioral expert, and business development expert.

Should Financial Advisors Become Life Coaches?

April 17, 2019 by Hans Blake, CFA, CPA

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On today’s Intelligent Money Minute, we’ll interview Beverly Flaxington on whether financial advisors should consider becoming life coaches. Bev encourages every advisor to display intellectual curiosity and sincere interest towards their clientele. This can be done by asking surface-penetrating questions in order to better understand a client’s emotions. During this episode, Bev stresses the value of stepping back and not becoming defensive in your responses. If you want to learn more about behavioral finance, check out these informative videos on our website.

Beverly Flaxington Bio

In addition to being a coach on changing human behavior, she is a three-time bestselling and Gold-award winning author, an international speaker, behavioral expert, and business development expert.

The Value of Knowing Why and How People Think

March 3, 2019 by Hans Blake, CFA, CPA

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Reading Time: 1 minute

On today’s Intelligent Money Minute, we’ll interview Beverly Flaxington on the value of knowing why and how people think about money. During this episode, Bev explains her trademark moniker and the value of knowing how we’re wired emotionally. She highlights organizational disconnects that can occur due to a lack of proactive communication, and how to avoid irrational behaviors.

Beverly Flaxington, American businesswoman and founder of The Collaborative, holds the trademarked moniker, Human Behavior Coach®. She received this title for her years in professional consulting and the human behavior development industry. Also, Flaxington authored seven books on personal and professional development.

Beverly Flaxington Bio

In addition to being a coach on changing human behavior, she is a three-time bestselling and Gold-award winning author, an international speaker, behavioral expert, and business development expert.

Signaling Misbehavior

July 10, 2018 by Hans Blake, CFA, CPA

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Reading Time: 2 minutes

One of my girls came down into my office today wearing my clothes from head to toe, including my sandals, over-sized polo shirt and my watch. She couldn’t stop giggling as she thought it was funny. My other daughter came down dressed like my wife, including three pumps of perfume, lipstick and high heels. We all had a good laugh as they trudged around in our adult-sized shoes and clothes.

While we all had a good laugh, I couldn’t help but think how we often try and mimic those around us–often subconsciously–known as the chameleon effect. Sometimes we mimic good behavior, and sometimes we reflect poor traits and characteristics. Often we will see a child and think that he is the spittin’ image of his dad. “Like father, like son…” we often hear.

Yawning

When I type the word, “yawn,” do you suddenly feel the urge to….well, yawn? Yawning is a perfect example of an action we can’t resist mimicking. Some scientists point out that only sociopaths are immune to contagious yawning. So, let’s be honest, have you yawned yet?

Signaling Misbehavior

Have you ever tried to keep up with the Joneses? (no offense if your last name is Jones) I recently read a whitepaper that described how neighbors of lottery winners had more bankruptcy and debt as they tried to keep up with their lottery neighbor’s win. We want to show other people that we are smart, wealthy, and sophisticated. As a result, we try and mimic those we think have it all together to prove how sophisticated we are. One of the ways we mimic those “sophisticated” investors is to try and invest in the same types of assets, such as private equity. This can be a costly mistake if you aren’t careful.

In this podcast, I will discuss this signaling misbehavior with Dr. Brad Case, CFA. This podcast is a part of a multi-part series on real estate and investor misbehavior, so be sure to check back or subscribe to our podcasts.