I keep my investment allocation exactly the same as my successful friend because copying someone who has made money feels safer than thinking for myself.
More people experience this than they realize.
Social proof can substitute for individual analysis, creating strategies misaligned with personal circumstances, risk tolerance, and goals.
“Where Are You with Behavioral economics — biases in financial decisions?”
Peri can explain why this happens, help you decide if this is the right situation for you, and point toward the right journey or coach.
If this sounds familiar, the Library can help you find the bigger picture.