Loss Aversion: How Does it Affect Your Investment Strategy?

Welcome to myCPE

This course no longer qualifies for Continuing Educations Credits for these qualifications : CFP(US)

Learning Objectives

To explore some of the recent research on loss aversion by leaders in the field.
To examine how and when losses are a normal and appropriate part of an investment portfolio.
To consider the relationship between losses and diversification.
To learn some coping mechanisms for accepting investment losses and explaining them productively to clients.

Course Description

This course is valid up to December 31st, 2023 for CFP Professionals. It is advisable to complete this course before that to process the credit on time.

Of the many fascinating human traits that behavioral economists study, one of the few that has been quantified is our loss aversion.

We hate losing just about twice as much as we like winning. And yet, the loss is a part of life, and it’s an important - even a necessary - part of a sensible investment strategy.

Key topics Covered:

What is Behavioral Finance?
What is Loss Aversion?
Related Concepts: The Endowment Effect, The Sunk Cost Fallacy, and Paralysis
Why can too much Loss Aversion be a Problem?
Mitigations: How can we manage this?

In this CPE Finance Webinar, we’ll look at some of the important concepts of loss aversion and its impact on investment strategy.

Overview

What is behavioral economics

4 mins
Which do you choose?

9 mins
Loss aversion and the endowment effect

15 mins
Paralysis: Real life example

29 mins
Loss aversion and investing

45 mins

Webinar Qualifies For

1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
1 CPD Credit of Finance for CPA in Canada
1 CPD Credit of Investment Planning for Personal Financial Specialist (PFS)
1 PL Credit of Investment Decision Making for Chartered Financial Analyst (CFA)
1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
1 CE Credit of Investments for Chartered Financial Consultant (ChFC)
1 CPD Credit for Chartered Accountant - ICAEW
1 CE Credit of Computer technology for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01321-22-S)
1 CE Credit of Investments for Retirement Income Certified Professional (RICP)
1 CE Credit of Investments for Financial Services Certified Professional (FSCP)
1 CE Credit of Investments for Wealth Management Certified Professional (WMCP)
1 CPD Credit for Chartered Accountants - Scotland
1 CE Credit of Investments for Chartered Advisor in Senior Living (CASL)
1 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
1 CPD Credit for Chartered Accountants - Ireland (CAI)
1 CPD Credit for CPA - Ireland
1 CE Credit of Investment Planning for Personal Financial Planner (PFP)
1 PL Credit of Investment Decision Making for CIPM
1 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
1 CE Credit of Investments for Chartered Special Needs Consultant (ChSNC)
1 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Heather Liston, CFP®, EA

, HARGRAVE FIDUCIARY ADVISORS

Heather is a Certified Financial Planner (CFP®) specializing in resource planning for all of life, with special attention to retirement preparation and the combining and managing of assets in new or changing relationships. She also holds the IRS’s Enrolled Agent credential, as evidence of her expertise in income tax planning. Heather loves helping individuals, couples, and small businesses meet their long-term goals while also enjoying their assets and opportunities in the present.

She did her undergraduate work in liberal arts at Princeton University and earned a Masters in Accounting at the New York University Graduate School of Business Administration and a Certificate in Personal Financial Planning from the University of California at Berkeley.

Heather’s volunteer work includes positions as Board Treasurer for the Marin Shakespeare Company and Programs Co-Chair for San Francisco Financial Planning Day, and she’s a Sierra Club Leader and a long-time Fund Drive Supervisor for KQED Radio.

She is available for a single consultation, an ongoing advisory relationship, and/or creation and monitoring of a comprehensive plan. She does not manage investments or sell products, although she can refer you to appropriate people who do.

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.5

Excellent

Very Good

Average

Poor

Terrible

Joann Dilley, CPA (US)

Excellent presentation on the psychology of investing and how people react to losses. Good information on risk tolerance and missed opportunities based on risk aversion

Susan Schreiner, CFP® (US), EA

Excellent presenter and presentation. Well paced, good info, good examples. One of the best seminars I have seen here.

Yuko Dubois, CFP® (US), EA

love these all series

SHS

So Han Spivey, CPA (US)

This course gives good information. But it is too similar to the Buy Low, Sell High course.

1 Credit

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Loss Aversion: How Does it Affect Your Investment Strategy?

Course Details

Learning Objectives

Course Description

Overview

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Heather Liston, CFP®, EA

Other Details

Additional Information

1 Hour

Basic

QAS Self Study

None

None

FAQ’s

IRS APPROVED

NASBA APPROVED

Ratings and Review

4.5

Joann Dilley, CPA (US)

Susan Schreiner, CFP® (US), EA

Yuko Dubois, CFP® (US), EA

So Han Spivey, CPA (US)

Subject Area

Unlimited Access Plan

Inclusions

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