Behavioral finance - Chladek Wealth Management

7 Tips to Help You Spend Intentionally This Holiday Season

John Chladek2022-11-02T01:24:57+00:00November 8, 2022|Blog, Holiday|

Does your checkbook have a case of the holiday blues? High inflation rates and stagnant wages can make for an anxiety-inducing holiday season. But don’t let these figures scare you—a joyful holiday season doesn’t revolve around your bank account. From sipping hot cocoa by the fire to playing card games after dinner, life brings thousands of opportunities for connection. And most of them don’t require lavish gifts or expensive trinkets. Ready to add joy back [...]

6 Ways To Use Market Psychology For Good Not Evil

John Chladek2022-10-03T17:54:31+00:00August 15, 2022|Blog, Financial Planning Psychology, Investments|

Our financial market is in a volatile state. Stocks are down, inflation is sky high, interest rates are increasing, and faith in the market is dwindling. When financial instability becomes mainstream, many people’s thoughts and attitudes toward their money follow suit. This phenomenon is known as market psychology, and market psychology represents the overall sentiment investors carry toward the stock market at any given time. And right now, it’s not all that pretty. Market psychology [...]

Why Timing The Market Doesn’t Work (and How To Invest Better)

John Chladek2022-04-26T21:39:35+00:00May 15, 2022|Blog, Investments|

Few words characterize today’s financial markets better than uncertainty. When overseas economic issues rob investors of months of gains and speeches by Federal Reserve officials cause markets to flip-flop unpredictably, investors are left wondering what they should do. In an attempt to make major market movements work for their portfolios rather than against them, some investors attempt to time the market. But is timing the market even possible? Let’s look at what marketing timing is, [...]

The True Impact Your Emotions Have On Money (And It May Surprise You)

John Chladek2022-01-10T22:16:44+00:00January 10, 2022|Blog, Financial Planning Psychology, General Financial Planning|

Think back to the last time you purchased something—the holidays are just barely in the rearview mirror, so maybe pick something from this past season. Now ask yourself: why did you buy it? It’s likely your answer has something to do with making the recipient happy or bringing joy to someone else. If so, you bought that item to fulfill or inspire an emotion—and unsurprisingly, that’s the underlying motivation for most people’s buying decisions in [...]