Tune in to hear:

• Why do only 13% of American millionaires describe themselves as wealthy? Why don’t we recognize our abundance for what it is?

• What is wealth confidence and what are its broader implications within portfolio management?

• Wealth confidence is definitely somewhat correlated with portfolio performance, but why is net worth alone not a sufficient measure for one’s wealth confidence?

• Is there a sense in which $1,000,000 doesn’t actually get you that far with the rapidly increasing costs of living an upper-middle class lifestyle?

• When there’s a disconnect between composure and capacity, should you accommodate the personality preference, the facts on the ground or land somewhere in the middle?

• If we want to be content and confident with our money, what type of environment should we cultivate for ourselves from a social comparison standpoint?

• Does Anthony have any other practical takeaways from his research for those looking to increase their wealth confidence?

https://www.td.com/behaviouralfinance

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