Despite their wealth, 41 per cent of high net-worth individuals (HNWIs) across the globe wish they had more self-control over their investment habits, a report has revealed.
The Barclays Wealth Insights series said that a need for increased financial discipline is likely to be felt most by those at the wealthiest end of the scale (10 million-plus pounds), where 45 per cent of respondents wish they had more self-control.
This is despite the report showing that those who want self-control are less likely to be satisfied with their financial situation. The report, ‘Risk and Rules: The Role of Control in Financial Decision Making’, is based on a global survey of more than 2,000 HNWIs, and provides an in-depth examination of wealthy investors from a behavioural finance perspective.
