You can’t afford to give the stock market a miss. Start now to have enough later!
Oops, did you click this post by accident? Or did you conscientiously click it because you do consider yourself a “serious investor” – I mean – serious investor (no irony intended)? I do apologize if my header created any sense…
I believe in growing our wealth defense is often more effective than offense. And a good defensive approach would be not to get too deeply indebted (money or otherwise). Some people say—follow the Golden Rule—”Don’t get into debt at all.”…
I don’t know. The human refusal to say “I don’t know” has huge consequences, for example, not getting good returns from your investments in the stock market, because there is a strong correlation between knowledge and humility. As such, the best investors are…
A few days back I wrote about “Am I saving enough?” Thank you for all your comments. I am just afraid that those people with their benchmark savings ratios are not really representative of the regular guys. Could it be…
We all have a preferential set of intuitions, feelings, and ideas. Less poetically characterized by the term “bias”. These little quirks in our thinking pose a challenge to our ability to weigh evidence accurately to arrive at truth. Bias is…
I caught myself again yesterday. I was having coffee with an ex-colleague of mine. Back from the phase in my life when I was doing my ‘corporate duty’. I do like to occasionally check in with my ex-colleagues to see…
The other day I was reminiscing about two epiphanies that influenced my choices in life. So back in those days I wanted to be independent. And I figured the best means to independence is money. Not for the sake of…
Being biased brings with it that we don’t think like we think we think. We make illogical decisions. Passive index fund investing via a Regular Savings Plan or Dollar-Cost-Averaging is logically right, right? But emotionally and in terms of common…
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…
I initially wanted to put off writing about this fallacy, but I cannot avoid it. Psychologists use this term to describe the decision to ignore dangerous or negative information by “burying” one’s head in the sand—like an ostrich—and hoping it would disappear. The…