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Now is the perfect time to take care of  your own business avoid these costly biases Subscribe to Tacomob-News Prosper slowly What works

Now is the perfect time to take care of your own business

avoid these costly biases

Your brain plays tricks on you and takes mental shortcuts. Being aware of those biases will help you to slow down and think before making impulsive decisions concerning your hard-earned money.

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Prosper slowly

No Get-Rich-Quick Schemes here. Sorry. Only stuff that works in the long run.

What works

do explore tested and proven life hacks

What can I find here?


Information to help me run my own business: MY ME, Inc.

Ideas to Own It and live my personal life by design and not by default.

Advice on how to prosper slowly but steadily.

Tacomob Matrix

Avoid those dumb mistakes
 
Avoid those dumb mistakes
Discombobulated?     Confused?
 
Discombobulated? Confused?
Learn from me
 
Learn from me
Yes, yes, yes <br> financial success
 
Yes, yes, yes <br> financial success

Here are the latest Blog Entries

There are “debt-free” people among us – how do they do it?

Andy 10th November 2014 19th December 2014

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…

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Market Sense and Nonsense by Jack D. Schwager – Executive Summary & Key Messages

Andy 5th November 2014 22nd December 2014

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…

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How we know what isn’t so by Thomas Gilovich – Executive Summary & Key Messages

Andy 5th November 2014 17th December 2014

The tendency to find order to ambiguous stimuli is built into the cognitive machinery we use to understand the world.  That predisposition to impose order can be so automatic and so unchecked that we often end up believing in the…

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The Origin of Financial Crises by George Cooper (October 2008) – Executive Summary & Key Messages

Andy 5th November 2014 22nd December 2014

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…

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Full of Bull – Stephen T. McClellan (2010) – Executive Summary & Key Messages

Andy 5th November 2014 20th December 2014

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…

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The Rational Optimist by Matt Ridley

Andy 5th November 2014 22nd December 2014

Science journalist Ridley believes there is a reason to be optimistic about the human race and he defies the unprecedented economic pessimism he observes. The book is about the rapid and continuous change that human society experiences, unlike any other…

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Scarcity by Sendhil Mullainathan and Elder Shafir

Andy 5th November 2014 22nd December 2014

Why having too little means so much. By scarcity, we mean having less than you feel you need.  It forms a common chord across so many of society’s problems. The science of scarcity is not new.  It is called Economics—which…

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Abundance by Peter H. Diamandis and Steven Kotler

Andy 5th November 2014 22nd December 2014

We will soon be able to meet and exceed the basic needs of every man, woman, and child on the planet.  Abundance for all is within our grasp.  This bold contrarian view, backed up by exhaustive research, introduces our near-term…

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The Power of Your Subconscious Mind by Joseph Murphy

Andy 5th November 2014 6th January 2015

The law of life is the law of belief.  Belief can be summed up briefly as a thought in your mind. The master secret of the ages is the marvellous, miracle-working power found in my own subconscious mind.  This is,…

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Happy Money – Executive Summary & Key Messages

Andy 5th November 2014 4th March 2019

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…

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Copyright Andreas G. Schmidt (aka Andy) - Singapore
Disclaimer: I am not a qualified licensed investment advisor. I am a DIY-investor. All information found here, including any ideas, opinions, predictions (especially those), commentaries, suggestions, or stock picks (if you can find any), expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, or decisions made on the basis of any information found on this site, are committed at your own risk (like everything in your life).
Tacomob is my personal weblog. It reflects my own views, ideas and opinions. No representations or warranties are made with respect to the accuracy or completeness of the content of this entire weblog, including any links to other sites. The links provided are maintained by their respective organizations and they are solely responsible for their content. All information presented here is provided ‘as is’, without warranty of any kind, expressed or implied.
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