Would knowing that you are among the TOP 1% earners in the world make you happy? How much does one need to earn to be among the TOP 1% of the world? US$ 34,000 or about S$ 45,000 per year.…
There is no denying the fact that our lives are determined by our unconscious beliefs about money. So, what do you really believe when it comes to money? I am convinced that discovering and exploring our general attitude towards money…
1) Next Tuesday: Before a purchase, take the time to consider what you’ll be doing, from morning to night, this coming Tuesday. How will this purchase affect you on Tuesday? This simple exercise—thinking about time used on a specific day (you…
Are you a bit shortsighted? Well, I was. Do you suffer from Myopic Loss Aversion—when it comes to money? Myopic-what-aversion? Myopic Loss Aversion is the tendency to focus on avoiding short-term losses—even—at the expense of long-term gains. As a consequence in the investment field—and…
I believe people sometimes need an accountant with a whip next to them. Wuh-PSSSH! Whapshhh! Although for some of you, that may sound like a great idea (“yeah, give it to me!”), my take is that the majority of you would be…
The other day, a friend of mine was slightly amused after I bombarded him with reasons why he should always check management fees before selecting a Mutual Fund or (even better) an ETF. His words: “C’mon, what difference does a management fee…
Schwager takes aim at the most perniciously pervasive academic precepts, money management canards, market myths, and investor errors. Like so many ducks in a shooting gallery, Schwager picks them off, one at a time, revealing the truth about many of…
Two main subjects: Why markets for goods and services tend toward equilibrium, but financial markets do not. Why central banks are useful and what they should do (which they currently don’t). Breaking the 170 page book into nine chapters, Cooper…
Wall Street Analysts are bad at stock picking: Analysis of all sell and buy recommendations in 2003 showed that the portfolio with negatively viewed stocks gained 53.5% (over two years), more than 75 percentage points better than the market. Investing, contrary…
Happy Money – The Science of Smarter Spending by Elizabeth Dunn & Michael Norton If you think money can’t buy happiness, you’re not spending it right. Two rising stars in behavioral science explain how money can buy happiness if you…