Details

<p>Preface ix</p> <p>Acknowledgments xiii</p> <p>Chapter 1 Your Investor Identity: And Why You Need One 1</p> <p>Chapter 2 Investor Identity Fundamentals: Frames, Motivations, and Goals 15</p> <p>Chapter 3 Your Investor Personality: Your Character and Style 49</p> <p>Chapter 4 Your Investor Emotions: The Hidden Drivers of Behavior 69</p> <p>Chapter 5 Your Investor Values: What’s Most Important to You? 99</p> <p>Chapter 6 Your Investor Blind Spots: Identifying (and Avoiding) Mental Traps 115</p> <p>Chapter 7 Your Investor Stress: Smoothing Out the Ups and Downs 151</p> <p>Chapter 8 Being Your Best Self 179</p> <p>Appendix A Summary of Meditation Techniques 205</p> <p>Appendix B Gratitude List 209</p> <p>Notes 213</p> <p>About the Authors 219</p> <p>Index 221</p>

"The market is flooded with books on investor psychology, but most only outline the various ways we screw up with our investments. This is the first book that identifies the root causes and gives a variety of practical, imaginative ways to heal thyself." (<i>Kiplinger's Personal Finance</i>, December 2010)

<p><b>RICHARD L. PETERSON</b> works at the intersection of the mind and markets. He is cofounder of MarketPsych LLC, where he trains financial advisors, portfolio managers, traders, and executives in emotion management and intuitive decision skills. Peterson is also Managing Director at MarketPsy Capital LLC, a psychology-based asset-management firm. Additionally, he operates MarketPsychAdvisor.com, which offers investors real-time market psychological intelligence on individual stocks, ETFs, and markets. Peterson is the author of the Wiley title <i>Inside the Investor's Brain</i>, which was praised as "exceptionally well-written" and "outstanding" by <i>Barron's</i>. His financial psychology research has been published in leading academic journals and textbooks, and he is an Associate Editor of the <i>Journal of Behavioral Finance</i>. Peterson lives in Los Angeles with his wife and two daughters. <p><b>FRANK F. MURTHA</b> received his PhD in counseling psychology from the University at Buffalo in 2001. He went on to join the consulting firm RHR International LLP, where he developed senior executives in leadership and pioneered a specialty in the new field of behavioral finance. In 2003, Murtha cofounded MarketPsych LLC, where he has led hundreds of workshops and training sessions on applied investing psychology. Murtha's clients have included investment banks, financial services companies, and day trading firms, where he has coached financial advisors, analysts, and portfolio managers in reaching peak performance. Murtha lives in New York City with his wife and son.

<p><b>MarketPsych</b> <p>While you may not think that your investment performance is affected by <i>who</i> you are, think again. Recent research has uncovered startling information regarding the relationship between <i>who</i> you are, <i>how</i> you invest, and what that ultimately means for your wallet. <p>For the past two decades the psychological mistakes of investors have been rigorously <i>defined</i> by experts in the fields of behavioral finance and experimental psychology. The problem with this is that investors haven't been told what they can <i>do</i> to overcome these innate errors of judgment. It's time to find an appropriate road to recovery, and that road starts by understanding who you are as an investor: your Investor Identity. That's why authors Richard Peterson and Frank Murtha of MarketPsych LLC—an innovative organization that offers psychology-training services for the financial industry—have created this timely guide. <p>Written with every investor in mind—from mutual fund dilettantes to penthouse portfolio managers—<i>MarketPsych</i> will put you in a better position to improve your investing by helping you honestly answer questions such as: Fundamentally, why am I investing? <i>Who</i> am I trying to be when I buy or sell stocks? <i>What</i> are my deeper "emotional" objectives? <i>How</i> am I deceiving myself in the markets? <p>And while the book does not recommend a specific method of investing, it does assist you in understanding your financial personality style, emotional triggers, values, and assumptions, and it reveals how to invest comfortably within your newfound investor identity. <p>Investing appears to be about the markets, but it's not, it's really about <i>you</i>. By adressing the major psychological underpinnings of strong and weak investment performance—from personality traits and emotion management to values and beliefs, thought traps, and stress management—and showing you how to institute lasting behavioral change and maintain motivation in pursuit of your goals, <i>MarketPsych</i> will improve your investing mind-set and help you excel even in the toughest markets.

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