Situational Profiling | Lecture Note

University:
East Georgia State College
Course:
BUSA 1105 | Introduction to Business
Academic year:

2024
Views:

273

Pages:

3
Author:

customer-10008315

* Some fauts about financial literary:- -one Thing That wealthy households have common is that they alistumstadion more than les trusting households. -The sort of individual private investment. management around high a lot of it revolves net worth invester. At the non- IN WI spectrum, it is the Fintech starting to bubble-up which is a group of investment managers that target private individuals but not AINWI. So. its the opposite of the busi-ness model in the sense that this targets people ie large number of people rather than the typical bringing is small amounts of pots to look after, model swhich is targeted very small amount of people to bring in very large pots of ancte with them. Nutmeg in the Uk is one of the When ib Comes to en vesting There are tur approaches: 1) one is based on The bread brush appwach, which is about profiling based on, called situatiorial profiling Things like how They make the wealth, what does that tell us potentially about The preferences of the client A 2) Another approach is much more targeted psychological profiling, make them ans-about then lifestyle, wis questions Their preferences and so on. easy lot of * Loss Aversion! - Antated way that investors sech to avoid losses is not to valise loss-making positions, meaning at not to sell assets to lower price and they brought them. Meaning they happily have got positions in the portfolio that have Ta to lower, market be rate is much lower at which they bought. them and They will not sell them - And the counter is Lenage of that most investors will very sell happily, items that made That made them. gains er positions even profesion investors find evidence of it, that ine much more likely to realise and realise losses. so are gains are made mou nie litely to sell stocks that a gain & funds that made gain and will shy away from selling funds (assets that made us los

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