Watch Out for Nudges That Steer You to Trade Too Much

Watch Out for Nudges That Steer You to Trade Too Much
Too many impulse trades might hurt your bottom line. Dreamstime/TCA
Tribune News Service
Updated:
By Kim Clark From Kiplinger’s Personal Finance

Anyone who has shopped for groceries with a toddler knows to be on high alert for the impulse items the store has thoughtfully placed at a child’s eye level. And these days, grown-ups who invest using web platforms or mobile apps must also be on high alert for carefully placed virtual nudges that might encourage impulsive trades.