It's tempting — the Irish market's definitely been good to me in the past two years (despite my regular warnings
about home bias).
Of course, I've written
about home bias before, but that was in relation to equities: I beg your indulgence as I take another brief look from a currency perspective.
Not exact matches
Anecdotally, you could see this
bias come in to play if you hear one millennial homeowner talk
about how they've achieved some degree of financial success due to their own hard work, and another millennial blame their inability to buy a
home on a housing market that was destroyed before they got there.
When speaking with your clients
about international opportunities and the potential benefits of diversification, keep in mind that baby boomers are particularly at risk from the
home bias.
I have
about 22 % of my portfolio with international exposure, but I think Canadians have even more
bias towards
home country (especially with the preferential dividend tax treatment that Canadian dividend paying stocks get).
One might expect such things to come
about through a natural exaggeration of the
home bias that characterises football; that was what worked for Norwich.
Take one example of Moyer's
bias: She has a long discussion
about Arthur Kellermann's work on the risks of guns in the
home and says that Kellermann studied «444 people who had been killed between 1987 and 1992 at
home.»
After hearing anecdotally from educators
about the impact
home visits had on teacher goal setting and teacher expectations, Flamboyan began to question the deeper impact of
home visits on teachers» negative implicit
biases vis - à - vis students and families.
That training and the subsequent
home visits have been identified in a recent study by RTI International as an effective strategy for increasing teachers» sense of empathy and reducing their negative implicit
biases, as well as helping parents to feel more positive and confident
about interacting with school officials.
I can't think of anything that I've done an
about face on, but one thing I am sticking with is my conviction to minimize the
home country
bias.
There may be a bit of
home - country
bias in the advice
about holding a third of your equity portfolio in Canadian stocks.
It emphasizes foreign equity exposure, observing that, at 57 per cent domestic exposure, Canadians are behind only Australians in having the worst level of
home country
bias in their portfolios — despite the fact Canada makes up only
about 3.5 per cent of global stock market capitalization.
I have
about 22 % of my portfolio with international exposure, but I think Canadians have even more
bias towards
home country (especially with the preferential dividend tax treatment that Canadian dividend paying stocks get).
There's nothing worse than seeing someone who's partially / totally unconscious of
home bias (often flagged by the fact they're horrified you invest, say 3 % in Vietnam, but see nothing at all risky
about their 75 % + allocation to their
home market..!?).
If we look at the US, these people were often the same folks who got crucified on company stock in their 401Ks... Mainstream & general finance media need to be a lot more aware of
home bias, and take responsibility for informing their readership
about it, and its pros & cons.
I understand that based on the cap weighting Canada only makes up
about 3 % of the global market, but we overweigh it because of
home bias, currency risk and local dividend tax advantages.
Still, ultimately, he filed an official complaint
about my research and what he perceived as my
bias (I fully disclosed on - line that my wife's family lives in Bruce County, Ontario —
home to some large wind farms and the location of some of my scenes in the film).
Spencer has recently made a big deal of his latest opus not getting published by his first venue of choice, only his second, with all sorts of dark hints
about bias, but the reality is a high percentage of papers have to search for a
home, nothing unusual
about this at all.
That training and the subsequent
home visits have been identified in a recent study by RTI International as an effective strategy for increasing teachers» sense of empathy and reducing their negative implicit
biases, as well as helping parents to feel more positive and confident
about interacting with school officials.
So far from these topics being off - limits, any MHP seeking appointment in a court case needs to fully inform the parties prior to their consent [123], of information
about the following kinds of potentials for
bias and agenda: whether the MHP has been married or divorced, and how many times, and under what kinds of circumstances, and how the MHP currently feels
about those events; whether, if divorced, the MHP went through litigation over custody or property, and such details as whether the MHP had problems paying or receiving child support, as well as the custody arrangements of the MHP's own children and how these worked out and everyone's feelings
about them; the MHP's own personal experience taking care of and spending time with children, within and without the scope of «parenting», and with regard to parenting, whether that was parenting as a primary caregiver, married or single parent, with or without household and third party help, or as a working parent or stay -
home parent, and for how many children, and for how long, and the outcomes from all of that; i.e. how much time has this person actually spent caring for children on his or her own, and how well did this person's own family systems function, and is this person in fact an «expert» in creating a functioning family and raising happy, healthy, successful children with good outcomes, nay «best» outcomes, thoroughly well - adjusted and having reached the very pinnacles of their innate potential.
However, with the increased scrutiny of real estate advertising by fair housing organizations, testers, and individual
home seekers, many real estate practitioners are concerned
about being charged with housing
bias based on the wording in their advertisements.