LibraryScenariosHow workplace investment peer pressure affects fund choices
Scenario

How workplace investment peer pressure affects fund choices

I moved my 401k to index funds after reading about fees, but my coworkers think I am crazy for not picking the funds that did well last year.

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More people experience this than they realize.

What we've seen

Recency bias in others creates self-doubt about long-term strategy.

Ideas that help explain it
Worth thinking about

“Where Are You with Index funds vs. active investing?”

If this sounds familiar, the Library can help you find the bigger picture.