Take 225 million monkeys, 225 million bananas and 225 million coins—add some basic rules — and you end up with one of the most noted investing theories of all time. It works like this: Each day, the monkeys flip the coins once, calling heads or tails. If the monkeys call it correctly, they win a banana from those who called wrong. The losers drop out, and the next day, all of the previous day’s banana winnings are put on the line.
A lot goes into a wedding; but a lot more goes into a marriage. When planning your big day, don’t forget to take time to talk with your partner about the realities of life that come after the “I do’s”—especially your finances. The truth is that money-related issues are often the cause of disagreement (and ultimately, arguments) between married couples. By getting on the same financial page now, you may be able to save yourself from certain cash conflicts and feel more secure in your financial future.
After several years of wallowing in financial upheaval caused by a severe recession and financial crisis, Americans are, once again, looking to the future. A renewed confidence has many people setting their sights on long term goals that, just a few years ago, may have seemed out of reach. However, as too many people have painfully learned, simply having a long-term goal, whether it’s an early retirement or a college education for your children, is not enough to realize your ambition.
Summer’s finally here. The sun is out, it’s warm, the days are longer, and your worries seem just a little bit further away. But, folks, I’m sorry to say, sometimes storms roll in on the sunniest of days. And if I’m honest, the world is a bit of a scary place at the moment, with politics impacting the economic climate, and warmer temperatures affecting agriculture all around the world, the future is perhaps not as certain as it once was.
It’s that time again - the end of a fiscal year and that means tax season is just around the corner. With each passing filing it seems as though young professionals are turning their backs on financial professionals such as accountants, investors, and advisors, and turning to the technological solutions. But the friendly neighborhood accountant shouldn't hang up their calculator just yet - young people still need financial professionals.
Most people would argue that living in a digital world, with instant access to an endless stream of information has made us smarter and more empowered than past generations. Investors believe that it has “leveled the playing field”, enabling them to make investment decisions based on the same information once only available to the investment professionals.
The incessant quest for information has reached such a fever pitch that the media outlets, including the cable channels, print media, and now the blogosphere, are churning out content, and it still isn’t enough to satiate peoples’ ravenous appetite for information.
Antiques Roadshow has become one of the most popular programs on public television. It’s part game show, part history lesson, but surprisingly it’s also a laboratory where we can examine the psychological side of economics and behavioral finance.
As a viewer, you feel a thrill with each appraisal, watching the “winners” discover the untapped wealth in their dusty collectibles and family heirlooms.