YNAB - Personal Budget Software. Carl Richards On The Psychology Of Buying High And Selling Low. It’s easy to sit around and lecture people to cut back on spending, pay off debt, and get control of their finances. That’s what so many financial advisers and writers do — yet they never stop to ask themselves why so few of their readers actually follow through. So today, I want to introduce you to Carl Richards, one of my favorite financial advisers on the planet.
You might be familiar with his sketches, which have been seen on the New York Times. He understands that math is only a small part of personal finance — and that psychology is hugely important. Below, you’ll learn… The startling and surprising numbers of how you can actually get equal or higher returns — with lower riskThe classic mistake investors make after a market has changed directionsThe psychology of automatic rebalancing I asked him to write up a detailed account on the psychology of investing. Carl, take it away. Successful investing is hard. Buying High and Selling Low Think about it. Breaking the Cycle Use the Tools. Nassim N. Taleb Home & Professional Page. FINALLY, SOME EXCELLENT INVESTMENT ADVICE: Don't Play The Losers' Game. If you're an individual with some money to invest, the first thing you need to know if you want to invest intelligently is that you shouldn't play the Losers' Game.
What's the Losers' Game? The game that 99.9% of the people who talk about investing appear to be playing: Namely, following global economics and markets and investment advice and trying to make smart decisions along the way. If you play that investment game, you're almost certain to lose. And the sooner you understand that, the sooner you'll be on your way to investing intelligently. In other words, if you want to invest intelligently, the first thing you should do is ignore 99.9% of what you hear in the financial media. Why? Because, if your goal is to invest intelligently, what you hear in the financial media is mostly distracting noise that will trick you into making expensive mistakes. That doesn't mean that the people in and on the financial media are stupid--they aren't. Specifically, you should ignore: Got that? That's it. Money Game. Federal Reserve Economic Data - FRED - St. Louis Fed. Skip to main content Economic Research Federal Reserve Bank of St.
Louis My Account Register Sign in Download, graph, and track 385,000 US and international time series from 80 sources. Browse data by Tag, Category, Release, Source, Release Calendar or Get Help FRED News “Do I look OK?” “Beyond the Numbers” Conference Seeks Proposals FRED Blog Energy demand and supply Research News Weekend Gas Prices Build your own U.S. data map.
Geographical Economic Data | St. CPI +1.1 % Chg. from Yr. Real GDP 0.5 % Chg. from Preceding Period on 2016:Q1 IP +0.7 % Chg. on 2016-04 10-Yr. US/Euro FX Rate 1.1294 U.S. $ to 1 Euro on 2016-05-13 Civ. Payroll Employment +160 Chg., Thous. of Persons on 2016-04 Initial Jobless Claims, 4-Week Moving Average 275750 on 2016-05-14 Consumer Price Index for All Urban Consumers: All Items 3 days ago Index 1982-1984=100 BofA Merrill Lynch US High Yield Option-Adjusted Spread© 9 hours ago Percent Civilian Unemployment Rate May 6 Real Gross Domestic Product Apr 28 Billions of Dollars. Robert Reich. The Daily Capitalist.