Describe how a financial advisor should deal with and counsel the client who is considering making suboptimal financial decisions as a result of biases. Your role as a skilled financial advisor is to prevent the client from making such financial mistakes.

Situation 3: Your client is employed in Amazon, India, and receives a competitive annual package that includes ESOPs that have increased in value. With a taste for success, your client is investing a large amount of his savings into Amazons stock, which is traded on the international stock exchange. As a financial advisor, what will you advise the client? What type of biases is being exhibited by the client?

Describing the financial advice and explain the behavioral biases in 500 words.