FOMO And Other Psychological Influences In Bull Markets
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Frank MurthaWednesday, December 11, 2024 4PM EST CFP® IWIProgram Id: 495200651
The bull market, at 25 months-old, is a mere toddler compared to the 10-year bull run of the 1990s. Yet snce October 13, 2022, investors have experienced an astonishing rise in the value of the S&P 500 of 68%, while cryptocurrency in November soared to a new all-time high.
This class reminds practitioners about a powerful psychological force influencing investors in the throes of a bull run: FOMO. In addition, behavioral biases including recency bias and the wealth effect are explored.
You'll learn answers to the questions below :
• What is FOMO? (10 mins.)
• Where does FOMO come from? (7)
• What’s a prudent approach to managing FOMO in clients? (10)
• What is recency bias? (6)
• What’s a prudent approach to managing recency bias in clients? (6)
• What is the wealth effect? (6)
• What other investor personality traits should practitioners be mindful of amid the roaring bull market? (6)
• What are questions advisors asked us about this topic? (4)
The is the fourth of four financial counseling classes taught by Dr. Frank Murtha in 2024.
Frank Murtha, who holds a Ph.D. in Counseling Psychology, is the instructor of this course. For over two decades, he has pioneered the application by financial advisors of the principles of behavioral finance and financial planning psychology. He started The Financial Counseling Institute in 2021 to focus on teaching financial professionals counseling skills.
- Who Should Attend? Financial Advisors, CFPs, EAs, CFAs, CPA/PFSs, CIMAs, CLUs and ChFCs.
- Cost: There is no fee to attend this course if you are a member of Advisors4Advisors ($60/Qtr).
- CPE credit: 1 hour, in the Communications and Marketing field of study
- Prerequisites: None
- Advanced Preparation: None
- Course Level: Intermediate
- Course Delivery Methods: Group Internet-Based and Text-Based Self -Study CPE/CE
a4A memberships refunds requested 10 days from signing up are issued unconditionally.
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