• Today, I’ll discuss Thaler’s Save More Tomorrow concept and the behavioral issues that impact how much we save and invest.
• Secondly, I’ll dig into how much someone is supposed to save and invest to reach a future target.
• I’ll conclude with this question: are you saving/investing enough?

Introduction

Yesterday, we discussed Nobel prize winner professor Richard Thaler’s findings in the field of behavioral finance.

Thaler’s findings can really help us to lower our investment risks and increasing our returns. However, investing isn’t only about picking the right stock or properly timing a trade, it’s also about carefully allocating our capital in investing in the first place, thus saving for investing. More →