For retirees, missed opportunities can feel extremely painful. Here’s how to move forward.
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If you’ve ever sat around a dinner table with fellow retirees or what I call “honest friends,” you know how the stories go. Someone leans back and says, “I sold too early.” Another admits, “I never bought when I had the chance.” And pretty soon, you’re trading stock-market tales of near misses, missed opportunities and what might have been.
These stories aren’t really about money. They’re about regret. More specifically, what behavior experts call “regret aversion” — our tendency to avoid choices that might someday leave us second-guessing ourselves.
Opinion: A retiree regrets: ‘I held my biggest stock winner too long and missed crypto at the bottom.’
Outside the Box
For retirees, missed opportunities can feel extremely painful. Here’s how to move forward.
Last Updated:
First Published:
If you’ve ever sat around a dinner table with fellow retirees or what I call “honest friends,” you know how the stories go. Someone leans back and says, “I sold too early.” Another admits, “I never bought when I had the chance.” And pretty soon, you’re trading stock-market tales of near misses, missed opportunities and what might have been.
These stories aren’t really about money. They’re about regret. More specifically, what behavior experts call “regret aversion” — our tendency to avoid choices that might someday leave us second-guessing ourselves.
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