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Five Rules for Humble Investing |
Aug 06, 2008 |
Think of confidence as a continuum: Lack of confidence is paralyzing, self-confidence is good, but overconfidence is deadly. Successful investors seek to find a balance between rashness and timidity. Understanding the psychology that causes us to act overconfidently will help you avoid it and make smart investment choices.
According to behavioral finance studies, overconfident investors trade more and earn less than those who opt for a buy-and-hold strategy. These brash investors time the market poorly, all the while assuming they're doing better than average.
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Retirement Assumptions Critical to Portfolio |
Jun 05, 2008 |
If you put the same assumptions into 10 different retirement calculators, you will most likely get 10 different results. The largest number may be more than twice as much as the smallest. But retirement doesn't give you a second chance — measure twice and retire once.
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Pay Off Student Loans, and Build Wealth |
May 02, 2008 |
The average college student graduates with almost $20,000 in student loans. While this is a daunting sum, it is still possible to build wealth even while paying off student debt.
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Decide to Be Rich |
Apr 07, 2008 |
It used to be that becoming a millionaire was regarded as a huge achievement. In today's dollars, however, it is fairly trivial, thanks to inflation. In fact, today's new rich is over $5 million.
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Ignore Daily Financial Noise |
Mar 27, 2008 |
Investors are fickle. Investing should not be.
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