Blog | Arcadia Wealth Management

How Aging Changes Financial Decision-Making: Insights From Neuroeconomics

Financial decision-making is often modeled as stable over time: Investors have preferences, update beliefs, and choose portfolios in predictable ways. But research at the intersection of neuroscience and finance paints a more complex — and more realistic — picture. How people process financial information depends not only on markets and incentives, but also on how […]

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What Investors Can Learn From 2025 Market Trends

Blog / Allison Vanaski, CFP®

It was another remarkable year for the U.S. stock market in 2025. The S&P 500® Index rose nearly 18% with 46 new all-time highs during the year! While undoubtedly a good outcome, a single return figure fails to capture the full experience of investors. Figure 1 helps fill in the gaps, capturing major headlines from

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The Next Chapter: Short-Term Thinking and Long-Term Planning

Blog / Allison Vanaski, CFP®

Last year, I visited New York and found myself walking through Greenwich Village. I couldn’t help but notice how the neighborhood looked qualitatively different from the 1940s photographs I’d seen and from my memories of it when I lived there more than 10 years ago. Sure, there were still some record stores and a few

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What’s Up with Gold?

Blog / Arcadia Wealth Management

What do gold, cryptocurrencies like Bitcoin (BTC), paintings, furs and diamonds all have in common? Things you’ve seen on a “Real Housewives” episode, you say? Maybe so, but here’s what we had in mind. Each is an asset that produces no cash flow. They’re like buying a goose that lays no eggs. Unlike stocks and

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What Do Declining Interest Rates Mean for Stock Returns?

Blog / Arcadia Wealth Management

Declining interest rates are generally a good thing for bond returns. All else being equal, as bond yields go down, their prices go up. Many people are familiar with this relationship, but what about stocks? Can declining interest rates inform our expectations for future stock returns? This question has come into focus for many investors

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Would You Drive Looking Through the Rear-View Mirror?

Blog / Meir Statman, Ph.D.

“Don’t gamble,” Will Rogers said. “Take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.”1 The Psychology Behind Hindsight Bias The psychologist Baruch Fischhoff, who introduced us to hindsight shortcuts and errors, wrote, “In hindsight, people consistently exaggerate

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Learn how motivated reasoning may influence confirmation errors, leading people to favor confirming evidence over disconfirming information.

Irrational or Motivated? A Fresh Look at Confirmation Bias

Blog / Meir Statman, Ph.D.

Confirmation errors mislead the proverbial dog that believes his bark makes UPS trucks go away. The dog can test his belief by seeking disconfirming evidence. How about not barking next time the UPS truck is in the driveway? If the truck stays in the driveway, that would be confirming evidence; however, if the truck leaves,

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What’s in a GDP Number?

Blog / Arcadia Wealth Management

U.S. gross domestic product (GDP) — a key economic measure capturing the total value of goods and services produced — was recently announced at an estimated growth rate of 3.0% for the second quarter. This follows a -0.5% decline in the prior quarter, which was the first time quarterly U.S. GDP shrank in three years.

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Fear and excessive frugality can stall retirement joy. Learn how shifting from saving to spending can support a more fulfilling and generous next chapter.

Don’t Leave the Best for Last: Moving from Accumulation to Decumulation

Blog / Meir Statman, Ph.D.

An elderly couple moving to an assisted living apartment calls their son in another state for help moving their belongings. A widow in her 90s finds it difficult to clean her home, yet refuses to hire help. These people are not wealthy, but neither are they poor. Each has more than enough to pay a

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while opinions on the U.S. bond market make headlines, we share a few facts that may help long-term bond investors

Three Things Investors Should Know About Today’s Bond Market

Blog / Arcadia Wealth Management

In a volatile year for U.S. stocks, the overall U.S. bond market has maintained a positive year-to-date total return throughout 2025. For investors allocating to balanced portfolios of both asset classes, bonds are likely to have played a useful role, sometimes helping offset periods of disappointing stock returns and reducing total portfolio volatility. However, this

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