Business news for Sept. 15, 2011

Posted Sept. 12, 2011, at 1:11 p.m.

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Mind over money

CAMDEN — The Camden Public Library’s Brown Bag Lunch series continues at noon Friday, Sept. 23, with a video presentation of PBS’ “Your Mind & Your Money: How Emotions, Risk, and Herding May Affect Your Investment Decisions.” The 30-minute video will be followed by discussion and a short demonstration by Jamie Ritter on where to find online resources, such as Morningstar, Valueline, and Quicken Premier. The lunch is one of a monthly series of in-depth financial topics to help individuals plan investments and family budgets. The series is supported by a grant from FINRA, the nation’s financial regulatory agency.

Why do many of us make major financial decisions on the basis of “gut feelings” rather than logic? And why is it that some investors can’t stand taking risks with their hard-earned money, while others recklessly buy into market bubbles? Researchers in the new academic fields of behavioral finance and neuroeconomics are trying to come up with answers. Their findings suggest that emotional and psychological factors play a major role in investment decisions. The Sept. 23 program will cover: how emotions can interfere with rational decision making; the impact of risk aversion and risk tolerance; and the tendency of investors to “follow the herd.”

Future topics include:

Neuroeconomics — How Your Mind Influences Your Finances:

• Your Emotions and Financial Decision Making (Friday, Sept. 23)

• All You Think You Know – Outsmarting Investment Fraud (Friday, Oct. 28)

• Setting Goals – Sticking to a Plan (Friday, Nov. 18)

You and the financial life cycle:

•The College Years (Friday, Dec. 30)

•Preparing for Your Own Retirement (Friday, Jan. 27, 2012)

• Taking Care of a Loved One — What to Know and How to Prepare (Friday, Feb. 24, 2012)

Putting it all together — mastering your finances:

• Choosing the Right Investments and an Investment Professional (Friday, March 23, 2012)

• Tips to Keep Things Running Smooth — Advanced Personal Finance Tools (Friday, April 27, 2012)

• How are you Doing? — Evaluating Financial/Investment Performance (Friday, May 25, 2012)

Volunteer at the Chamber

CAMDEN — The Penobscot Bay Regional Chamber of Commerce is seeking friendly, knowledgeable people to help out in its Camden office year-round. If you enjoy meeting people and telling them about the area, spend a few hours a week as a Chamber volunteer. Many time slots are available, and the Chamber staff will accommodate your schedule and provide training.

In addition to giving back to the community and welcoming visitors, volunteers with the Chamber learn about the local business community, often in informal, fun, social settings such as the Business After Hours parties and exclusive “backstage” tours of inns, restaurants and more.

To learn more about volunteering at the Chamber, call Karen Brace at 236-4404 or email kbrace@camdenme.org. Specific open volunteer times are 9 a.m.-noon Thursdays and 1-5 p.m. Fridays.

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