Mindful Investing:Right Focus, Better Outcome, Greater Well-Being
by Jonathan K. DeYoe
In his two decades as a financial adviser, Jonathan K. DeYoe has seen countless investors make decisions driven by fear and wishful thinking. That mindset leads to costly mistakes, such as chasing “hot” stocks, buying when prices are high and selling when low, and racking up expensive transaction fees and taxes in the process. But there is good news: these mistakes are preventable. In Mindful Investing, DeYoe offers a solution: a comprehensive investment strategy that integrates Western behavioral finance with the Eastern discipline of mindfulness. Practicing mindfulness allows investors to see life from a larger perspective and make financial decisions according to their long-term goals, not fleeting impulses.
Mindful Investing discusses both the mechanics and the psychology of investing, including:
Understanding how financial markets work (stocks, bonds, and more)
Building an investment portfolio appropriate for your age, income, and life goals
Assessing your tolerance for risk
Recognizing and overcoming cognitive biases that impair your financial judgment
Choosing investments that align with your core values (socially conscious investing)
Mindful Investing provides simple methods that don’t rely on technology, gimmicks, or constant portfolio maintenance. Mindful Investing takes the anxiety out of investing and shows readers the way to financial prosperity and personal wellbeing, offering a no-stress investing strategy. No timing the market — the timing he talks about is a super simple 2 hours per year mindful investing process anyone can use — no financial acumen required. That’s right. No financial smarts required. DeYoe says, “The financial advice world has created and encouraged the idea that personal finance is complex. And, because it is so complex, everyone should be paying for their services. The truth is most people would be better off — and have more money — not paying the expensive advisory fee and instead learning and applying a few simple lessons.” Finally. A book for the rest of us.
