Most investors don’t lose money because they lack knowledge, they lose money because their brain gets in the way.

In Episode 51 of Making Sense of Your Money, Justin Detray, Managing Director and Partner at Wealthspire Advisors, unpack the behavioral biases that quietly drive bad financial decisions, especially during volatile markets.

Justin shares how his background as a former Wall Street proprietary trader shaped his evidence-based approach to wealth management, why “perfect information” is a myth in today’s media cycle, and how clients can avoid making fast, emotional decisions that derail long-term plans.

• Recency bias: why “what just happened” feels like the future
• Anchoring: why investors get stuck on old price levels and past highs
• How the information age creates more decisions, not better decisions
• Why markets often move before headlines (and why it matters)
• How great advisors “coach the psychology,” not just the portfolio
• The underrated power of compounding (and why many people still underuse it)
• Why high earners often don’t spend enough to maximize life today

🎧 If you want clearer thinking, more disciplined investing, and fewer emotional money moves, this episode is for you.

🔗 Learn more: makingsenseofyourmoney.com

#MakingSenseOfYourMoney #DanPascone #JustinDetray #BehavioralFinance #InvestingPsychology #WealthManagement #RecencyBias #AnchoringBias #FinancialPlanning #MarketVolatility #InvestorMindset #Wealthspire

Tailored Wealth is a marketing name used when offering advisory services, however advisory services are conducted exclusively through Sovereign Financial Group, Inc. Services are only offered to clients or prospective clients where Sovereign and its representatives are properly licensed or exempt from licensure.

Most investors don’t lose money because they lack knowledge, they lose money because their brain gets in the way.

In Episode 51 of Making Sense of Your Money, Justin Detray, Managing Director and Partner at Wealthspire Advisors, unpack the behavioral biases that quietly drive bad financial decisions, especially during volatile markets.

Justin shares how his background as a former Wall Street proprietary trader shaped his evidence-based approach to wealth management, why “perfect information” is a myth in today’s media cycle, and how clients can avoid making fast, emotional decisions that derail long-term plans.

• Recency bias: why “what just happened” feels like the future
• Anchoring: why investors get stuck on old price levels and past highs
• How the information age creates more decisions — not better decisions
• Why markets often move before headlines (and why it matters)
• How great advisors “coach the psychology,” not just the portfolio
• The underrated power of compounding (and why many people still underuse it)
• Why high earners often don’t spend enough to maximize life today

🎧 If you want clearer thinking, more disciplined investing, and fewer emotional money moves, this episode is for you.

🔗 Learn more: makingsenseofyourmoney.com

#MakingSenseOfYourMoney #DanPascone #JustinDetray #BehavioralFinance #InvestingPsychology #WealthManagement #RecencyBias #AnchoringBias #FinancialPlanning #MarketVolatility #InvestorMindset #Wealthspire

Tailored Wealth is a marketing name used when offering advisory services, however advisory services are conducted exclusively through Sovereign Financial Group, Inc. Services are only offered to clients or prospective clients where Sovereign and its representatives are properly licensed or exempt from licensure.

Most investors don’t lose money because they lack knowledge they lose money because their brain gets in the way.

In Episode 51 of Making Sense of Your Money, Justin Detray, Managing Director and Partner at Wealthspire Advisors, to unpack the behavioral biases that quietly drive bad financial decisions especially during volatile markets.

Justin shares how his background as a former Wall Street proprietary trader shaped his evidence-based approach to wealth management, why “perfect information” is a myth in today’s media cycle, and how clients can avoid making fast, emotional decisions that derail long-term plans.

💡 What You’ll Learn

Recency bias: why “what just happened” feels like the future

Anchoring: why investors get stuck on old price levels and past highs

How the information age creates more decisions not better decisions

Why markets often move before headlines (and why it matters)

How great advisors “coach the psychology,” not just the portfolio

The underrated power of compounding (and why many people still underuse it)

Why high earners often don’t spend enough to maximize life today

🎧 If you want clearer thinking, more disciplined investing, and fewer emotional money moves this episode is for you.

🔗 Learn more: makingsenseofyourmoney.com

#MakingSenseOfYourMoney #DanPascone #JustinDetray #BehavioralFinance #InvestingPsychology #WealthManagement #RecencyBias #AnchoringBias #FinancialPlanning #MarketVolatility #InvestorMindset #Wealthspire

Tailored Wealth is a marketing name used when offering advisory services, however advisory services are conducted exclusively through Sovereign Financial Group, Inc. Services are only offered to clients or prospective clients where Sovereign and its representatives are properly licensed or exempt from licensure.