A Psychologist's Fear-Fighting Tips for Investors

To make good financial decisions, you need a clear head, and fear can get in the way. Instead, beat your fears with these behavioral strategies.

(Image credit: © 2012 Vanessa Van Ryzin)

As a psychologist and Chief Behavioral Officer, I’ve listened to and counseled some of the best financial professionals in the country over the last few weeks. You see, my job is to teach advisers how to control excessive emotionality en route to making optimal financial decisions. As I spoke with these advisers, one theme has emerged: fear. Health-related fears. Financial fears. Fears about the future of our country. Fears about the uncertainty shrouding the world.

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Daniel Crosby, Doctor of Psychology
Chief Behavioral Officer, Brinker Capital, Brinker Capital

Educated at Brigham Young and Emory Universities, Dr. Daniel Crosby is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. Dr. Crosby's first book, "Personal Benchmark: Integrating Behavioral Finance and Investment Management," was a "New York Times" bestseller. His second book, "The Laws of Wealth," was named the best investment book of 2017 by the Axiom Business Book Awards and has been translated into five languages.