Do you have a reliable, trustworthy and knowledgeable financial planner? Many times I wonder why people make so much chaos with their personal finances. Individuals give so much importance to their house interiors, tasty meal and attractive clothing but are found to be really very bad in their money management skills. I will […]
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3 Golden Mantras to Achieve Financial Freedom
Assuredgain believes the path to success is by keeping it simple. Three golden mantras to achieve financial freedom are: You must spend less than you earn Commit to a strategy you can follow. Be disciplined and exercise patience. Tax season forces people to take a cold hard look at their finances and investment portfolios whether […]
Loss aversion? Most investors and traders are victim of this phenomenon!
Loss Aversion: In economics and decision theory, loss aversion refers to people’s tendency to strongly prefer avoiding losses to acquiring gains. Some studies suggest that losses are twice as powerful, psychologically, as gains. V Raghunathan explains this phenomenon in his book The Corruption Conundrum and Other Paradoxes and Dilemmas. ‘The pleasure of Sensex going up […]