Get-Rich-Quick Schemes do not work! The only way to grow your nest egg is slowly but steadily.
We have the tendency to overestimate the degree to which others agree with us; therein making this—tendency—just another of those predictable patterns of thought and behavior that lead us to draw incorrect conclusions. Psychologists call this the False Consensus Bias. Let me ask you: “Is agreeing…
Now, that is a no-brainer! Others might even call this a “know-brainer”. Still, I know from personal experience that this principle is not easy to apply; nevertheless, it is worth your utmost attention as it is the key to growing your savings. People are always talking about character,…
Your answer might be a clear “Yes,” in case you have loads of money and zero concerns about it—EVER—being depleted. Congratulations! But in all other cases, I would recommend that you get yourself informed about how money (in general) and the stock market (in particular) work.…
Which animal kills more humans per year? Sharks or Hippopotamuses? And the winner is … …the river horse, a.k.a. Hippopotamus, with a tally of 500 to 2,900 lives per year. These beauties weigh about 8,000 pounds each and are capable of darting at 18 miles…
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…
Let me share some thoughts about what we call Home Sweet Home, or what behavioural economists call Home Bias. Or what investors need to remember—to achieve a diversified portfolio. Have you heard of what investors in Sweden do ? Although all of…
At the beginning of each year, there are many pundits, experts, self-proclaimed gurus, and other characters who’d like to sell you stuff predicting the directions of the Stock Markets. As I personally have ample years of experience in the Stock Markets (and know for sure what’s…
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…
1) They say no to smaller expenses which can add up to big savings. For example, replace an expensive dinner in a fancy restaurant with a potluck dinner with friends, or meet up with friends for a walk in the park instead…
Sometimes, improving oneself is not so difficult as there are so many ways in which one can improve. A good option is to mirror the behavior of successful people and one yardstick to measure success is to look at how rich and wealthy…