Rational Optimism Pays – Try It

Rational Optimism Pays

๐—ช๐—ต๐—ผ ๐—ถ๐˜€ ๐˜„๐—ถ๐˜๐—ต ๐—บ๐—ฒ?ย ๐Ÿ™‹โ€โ™‚๏ธ I choose to believe that the future will be better than the past. We live in a world where far more people wake up in the morning, trying to make the world a better place thanโ€ฆ

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Focus less on money

Disposition Effect

โ€œ๐™๐™ค๐™ง ๐™š๐™ซ๐™š๐™ง๐™ฎ ๐™จ๐™ช๐™—๐™จ๐™ฉ๐™–๐™ฃ๐™˜๐™š, ๐™จ๐™ข๐™–๐™ก๐™ก ๐™™๐™ค๐™จ๐™š๐™จ ๐™จ๐™ฉ๐™ž๐™ข๐™ช๐™ก๐™–๐™ฉ๐™š, ๐™ข๐™ค๐™™๐™š๐™ง๐™–๐™ฉ๐™š ๐™™๐™ค๐™จ๐™š๐™จ ๐™ž๐™ฃ๐™๐™ž๐™—๐™ž๐™ฉ, ๐™ก๐™–๐™ง๐™œ๐™š ๐™™๐™ค๐™จ๐™š๐™จ ๐™ ๐™ž๐™ก๐™ก.โ€ – ๐˜ผ๐™ง๐™ฃ๐™™๐™ฉโ€“๐™Ž๐™˜๐™๐™ช๐™ก๐™ฏ ๐™ง๐™ช๐™ก๐™š (๐™ฅ๐™๐™–๐™ง๐™ข๐™–๐™˜๐™ค๐™ก๐™ค๐™œ๐™ฎ) Itโ€™s a loose rule, not a law, but it applies to so many things: Debt, ambition, networking, exercise, caution, & money. ๐—” ๐—น๐—ผ๐˜ ๐—ผ๐—ณโ€ฆ

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Index Funds donโ€™t have an ego

Money? I heard money?

๐—ฃ๐—ฟ๐—ฒ๐—บ๐—ถ๐˜€๐—ฒ ๐Ÿญ: ๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ถ๐—ป๐—ด ๐—ถ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐—น๐—ผ๐—ป๐—ด ๐˜๐—ฒ๐—ฟ๐—บ.๐—ฃ๐—ฟ๐—ฒ๐—บ๐—ถ๐˜€๐—ฒ ๐Ÿฎ: ๐—ฆ๐˜‚๐—ฟ๐˜ƒ๐—ถ๐˜ƒ๐—ฎ๐—น ๐—ถ๐˜€ ๐—ฎ๐—ป ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ๐—ฟ๐—ฎ๐˜๐—ฒ๐—ฑ ๐—พ๐˜‚๐—ฎ๐—น๐—ถ๐˜๐˜† ๐—ณ๐—ผ๐—ฟ ๐˜€๐˜‚๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€. The good news about the recent market turmoils is that Index Funds donโ€™t have an ego. โœ” They wonโ€™t commit fraud against you orโ€ฆ

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From dumb money to smart money in two moves

๐—ง๐—ต๐—ฒ ๐—บ๐—ผ๐˜€๐˜ ๐—ถ๐—บ๐—ฝ๐—ผ๐—ฟ๐˜๐—ฎ๐—ป๐˜ ๐—ฟ๐—ฒ๐˜๐˜‚๐—ฟ๐—ป๐˜€ ๐—ถ๐—ป ๐—น๐—ถ๐—ณ๐—ฒ ๐—ฐ๐—ผ๐—บ๐—ฒ ๐—ณ๐—ฟ๐—ผ๐—บ ๐˜๐—ต๐—ฒ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ผ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฑ ๐—ฒ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐˜€ ๐—ผ๐—ณ ๐—ผ๐˜‚๐—ฟ ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—ผ๐˜ƒ๐—ฒ๐—ฟ ๐˜๐—ถ๐—บ๐—ฒ, ๐˜„๐—ต๐—ฒ๐˜๐—ต๐—ฒ๐—ฟ ๐—ถ๐—ป ๐—ผ๐˜‚๐—ฟ ๐—ฐ๐—ฎ๐—ฟ๐—ฒ๐—ฒ๐—ฟ๐˜€, ๐—ต๐—ผ๐—ฏ๐—ฏ๐—ถ๐—ฒ๐˜€, ๐—ฟ๐—ฒ๐—น๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€๐—ต๐—ถ๐—ฝ๐˜€, ๐—ผ๐—ฟ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ๐˜€.ย  Isn’t one of our motivators to work the money we get for itโ“Then let’s also haveโ€ฆ

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Panic – It’s not a helpful emotion

Panic is not a helpful emotion

Especially not when making investment decisions. Uptrends are slow and methodical.ย Gains donโ€™t come in big chunks but rather a stairstep process.ย  Uptrends almost lull us investors to sleep because there isnโ€™t much going on in terms of volatility. Downtrends, onโ€ฆ

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Your Ability to Spot Financial Bullshit Predicts your Financial Well-being

Avoid financial bullshit

๐—ง๐—ต๐—ฒ๐—ฟ๐—ฒ ๐—ฎ๐—ฟ๐—ฒ ๐—ฝ๐—ฒ๐—ผ๐—ฝ๐—น๐—ฒ ๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ฒ๐—ฟ๐—ฒ ๐˜„๐—ต๐—ผ ๐˜„๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐—ฏ๐—ฒ ๐—ฟ๐—ถ๐—ฐ๐—ต – ๐˜„๐—ถ๐˜๐—ต๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ฒ ๐—ฟ๐—ถ๐˜€๐—ธ, ๐˜๐—ต๐—ฒ ๐˜€๐—ฎ๐—ฐ๐—ฟ๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฒ, ๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐—ฑ๐—ฒ๐—น๐—ฎ๐˜†๐—ฒ๐—ฑ ๐—ด๐—ฟ๐—ฎ๐˜๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ป๐—ฒ๐—ฐ๐—ฒ๐˜€๐˜€๐—ฎ๐—ฟ๐˜† ๐˜๐—ผ ๐—ฎ๐—ฐ๐—ฐ๐˜‚๐—บ๐˜‚๐—น๐—ฎ๐˜๐—ฒ ๐˜€๐˜‚๐—ฐ๐—ต ๐˜„๐—ฒ๐—ฎ๐—น๐˜๐—ต.

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Extreme Discounting

hyperbolic discounting

It’s the time of the year again where we start out with a bag full of New Year’s Resolutions and than slowly … one by one … fail to execute them. Do you happen to have set the resolution toโ€ฆ

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