According to google abundant wealth means having a ton of cash. Dig and bit further and the meaning is expanded to having an abundant mindset when it comes to wealth. This is best explained by the story of the billionaire
Wealthy is having enough
Pessimist trumps optimist
Why is it as investors we are most susceptible to a pessimistic viewpoint over the optimistic outcome. Quite simply because we experience the pain of loss twice as much as the pleasure of gains and therefore fear is a stronger
Be rational, not biased, in financial decisions
A bias is defined as; “Not logical or reasonable” “…tendencies to think in certain ways that can lead to systematic deviations from a standard of rationality or good judgment”. Recency Bias refers to our expectation for future returns based on
Defining risk, counter-intuitive thinking
Blame it on a mid-life crisis, but I recently acquired a motorcycle much to my mother’s dismay. I vividly recall the same response from her some 32 years ago when my Dad agreed to me getting a 2nd hand 50cc
Is cash still hailed as king or has it become trash
With recent volatility on the stock market and interest rates rising I am getting the same old question, “should I not be in cash”? The bank is offering me 8.6%!? The answer is an unequivocal no. However I am not
Saving Oneself Poor
Only the wisest and stupidest people never change. Confucius They say the only constant in life is change. This is nowhere more apparent than in the world of investing where things change daily. How must the average investor cope with