Stock-market Versus Whole-life insurance A simple relationship isn’t something very similar as being committed. A relationship is a way in which two things are connected. Relationship seeks a mutually beneficial outcome. In most case, if desired outcome is not obtained, relationship is dissolved or ended. Most individuals invest their hard-earned money with expectation that it […]
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Do you have a reliable, trustworthy and knowledgeable financial planner?
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 […]
Eighth Wonder of the World to get Rich – The Power of Compounding
Albert Einstein, arguably one of the most intelligent people who ever lived, was asked what he thought was the greatest of mankind’s discoveries. His answer: “compound interest.” He went so far as to call it the eighth wonder of the world. As an example of just how powerful this can be, consider the following scenario. […]
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 […]