Behavioural biases get in the way of good investment decision-making. A well-structured approach to goals-based planning can go a long way to defeating the worst impacts of many of these biases. Creating a goals-based plan can help frame risks in such a way as to manage loss aversion; it can turn mental accounting and regret avoidance from weaknesses to strengths. Along the journey, it can help mitigate against the alternating terrors of overconfidence and recency bias which drive investors to become excessively optimistic and pessimistic in response to mar...