Marketplace host Kai Ryssdal talks to New York Times's Neil Irwin about his recent piece "Welcome to the Everything Boom, or Maybe the Everything Bubble."
New trends in luxury investing. But while collecting rare collectibles may be fun, don't give up on stocks and bonds — these 'passion investments' don't add too much heft to your portfolio.
Buy high and sell low is a sad truth for a reason. Time and again we let panic or euphoria drive our actions in the market and wind up making big, expensive mistakes.
The disposition effect says investors tend to "sell the winners, and hold onto the losers" for purely emotional reasons. One behavioral economist fell for the classic investment mistake.