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Behavioral Finance and Investment Decisions [ Investor Psychology]

26th August, 2022

Resource Person: Mr. Ravindra Singh Chawla, Founder & Managing Partner, RSC Skill Building & Consulting Solutions LLP

Mr. Singh started off with a case study in which a couple who were employed by reputable companies and living comfortably believed that they should spend before saving. Mr. Chawla however averred that one should save before spending and the formula to be used is: Expense =Income less Savings. The money saved has to further be invested.

Additionally, he went on to explain why one shouldn't put all of their eggs in one basket, and instead explore a variety of investment opportunities. He described the characteristics of successful investors, including patience, discipline, and focus. He also discussed how financial behavior focuses on investor behavior and decision-making techniques.

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