Fees and Expenses. Investors in mutual funds incur two primary kinds of expenses and fees: Fund expenses and loads. Whereas fund expenses are paid indirectly from fund assets throughout the year, sales loads are one-time fees that investors pay either at the time…
“Oh, money, I’m actually not interested in money.” So many people say that. Yet they’ll work at a job for eight hours or more (that they don’t even like) just to be able to buy stuff to impress their neighbours, the Tans and Lees (who they don’t really like…
Yaaawwnn. The stock markets in the last few weeks have been rather boring and uneventful. The US-market (measured by the S&P 500) has even entered an unusually long period of volatility contraction. The daily market moves up a bit and…
The desire to feel like we’re in control seems to be a very basic human need. Are you in control? Do you like to control your environment? Well? Were you successful in that endeavour? C’mon, be honest. Because—Control—is an illusion! Let me give you an example…
The other day some friends asked me what Tacomob actually means and stands for. As this is a FAQ I often encounter, let me share my thoughts here: In one sentence, I prefer to Tacomob instead of mentally doing other’s…
A few weeks ago and before my long vacation to Europe I published one post about the stuff I read online. I decided to keep this up on irregular intervals. So since a few days I am back in Singapore…
My brain is flawed. It is a flawed lens through which I see reality. This is true of both mouse brains and human brains. But a human brain is a flawed lens that can understand its own flaws—its systematic errors,…
Reading is not too bad an investment of time. In a short period of time I get to absorb what took someone else years to accumulate, understand, distill, and refine. There could be so much to learn from what I…
In my previous post I shared a few thoughts on probabilities and statistics. I wrote about disregarding probabilities in decision making, ignoring small probabilities and not over-weighting small probabilities. A tough act to follow. I am totally guilty of failing…
Gambler’s fallacy is a term we often hear. What is it exactly and how does it affect what you do with your money? It is the belief that future events will be shaped by past events, even when the two…