University of Missouri faculty excel in their fields, bringing discoveries and creative achievements into the classroom as well as publishing in prestigious journals.
One such faculty member is Rui Yao, an associate professor of personal financial planning in the MU College of Human Environmental Sciences, who has identified key factors that cause people to make common investment mistakes.
The recent stock market decline is concerning for many investors who are affected by short-term market trends. However, experts say now is an important time for investors to remember that many mistakes can be made in this economic environment
Yao’s study, published in the Journal of Personal Finance, identifies several risk factors for people who are more likely to make investment mistakes during a down market. “During a down market, every mistake an investor makes is magnified,” Yao said. “If financial planners can identify those who are more at risk to make these mistakes, they can more effectively work with the investors beforehand to help prevent them from making such mistakes.”
Read the full story here: Overconfidence, loss aversion are key predictors for investment mistakes
Yao is the director of graduate studies in the Department of Personal Financial Planning and teaches courses in the online master’s and online graduate certificate programs.
The master’s is 36 credit hours and has no thesis component, but requires a practicum and capstone course that focuses on case studies.
The graduate certificate program is 18 credit hours and focuses on employee benefits and retirement planning, estate planning, and case analysis.
Want to help individuals and families make informed and effective decisions so they can achieve their financial goals and grow stronger? Learn more about MU’s online master’s and online graduate certificate in personal financial planning.