Over the years I had the chance to take a glimpse at some of my friends, family and co-worker’s portfolio. And often it looks like a mesh of financial assets that is all over the place. Sometimes, I can bring up some financial assets that they have, which they totally forgotten about. And a lot of people forget what they purchase. For some, these are on recurring payments, and it is only perhaps until the 3rd month of net worth tracking that they realize they were paying for it. Rojak is nice to eat. However, a rojak type of portfolio is symptomatic of some behavioral issues:

1. lack of review
2. lack of adequate competency
3. sunk cost fallacy
4. become risk seeking when you should be risk adverse

The end result is that you feel less confident about your financial situation. When you feel less confidence about your financial situation, often that permeates ......