Owen Rascovitch

And it's quite a unique way to tilt on behavioral investing.

So that's an interesting – it's kind of the behavior gap, and we'll put a picture in the show notes of what it is, but it's effectively buy high, sell low, and then repeat until broke.

And it's one of those things like, yeah, it's not until we have 2020 hindsight that we can realize that was a mistake.

So we've kind of moved into this now, but –

What are some of the... I guess we've... What are some of the ways that people can combat these things, do you think?

I really like the idea of automating things.

And I think some of the – particularly the online banks do a really good job of that, making it very simple to set up, say, BPAY transactions or direct deposits or whatever.

Regular payments.

And the problem is you just don't want to have too much, to make it too easy for yourself as well as overcomplicating it.

A few others that...

I quite like, and these are very simple things that people can do, is just have a checklist.

So do it when you're in a calm state, something that you can write down or you can just check the boxes off.

For example, I have one and I just take it to my wife anytime I'm going to make an investment.

And she's my BS filter, of course.

Yep.

So she just takes it and goes, yeah, but you didn't really think about this, so no.

Yeah.

Another one, really good one to do is just to give yourself time.

So to set a rule, instead of say, if it is investment or whatever you're going to purchase, give yourself say three days.

So say if it's a material purchase, let's say it's over 500 bucks.