Steadfast Finances

 Investing 101, Investor Psychology         14 comments

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I ran across an interesting bit of research today suggesting that one of the leading ways investors get suckered into investment bubbles, and subsequently decimate our annual performance, is that we are far too concerned with being left out of the money making process, rather than losing our original investment.
As …

 Investing 101, Investor Psychology         6 comments

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If you’re curious why I take most investment advice and the majority of news/analysis from mainstream financial media with a grain of salt, this chart might answer your doubts.

(Note: Y axis is percent increase or decrease.)
At their peak, the mania driven belief in the bubble that these investments were ironclad, …

 Investor Psychology, Personal Finance Tips, Strategic Planning         8 comments

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With so much financial information readily available telling us how to make more money or the nonstop investment advice telling us how to get rich quick, it’s quite obvious that many of us invest too much time and brainpower trying to get our money to make more money instead of …

 Career, Entrepreneurship         16 comments

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Many people treat someone with a “disorder” with a little bit of hesitation, or perhaps avoid them all together, because the subject matter makes them uncomfortable.
That may be the wise thing to do in some situations, but I happen to think individuals with a healthy dose of obsessive compulsive behavior …

 Administration         3 comments

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In true self-deprecating humor fashion, I often insinuate that I created this blog just for fun or a way of venting all of the financial knowledge I’ve collected over the last 15 years so it doesn’t erase some important memories from my childhood. After all, I’ve invested a lot of …

 Documentary Films, Investing 101, Investor Psychology         6 comments

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Perhaps nothing encompasses the roller coaster ride that was the 2000 to 2009 decade better than David Faber’s The Bubble Decade. If you haven’t seen it, set 45 minutes aside and take a look back at just how gullible we actually were to follow the herd and buy into some …

 Consumer Education, Saving Money         13 comments

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I’m fascinated by the consumerism trend of acquiring stuff. Somehow, consumer psychologists and advertising geniuses the world over have joined forces and sought to convince all of us that it’s in our best interests to buy “stuff.”
Regardless of whether they tapped our false belief that acquiring goods will boost our …

 Investing 101, Investor Psychology         34 comments

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If you’ve ever wondered why it’s so difficult to ignore peer pressure and why you feel anxiety when expressing a differing opinion from the herd, you might want to blame Ardi and the rest of your human ancestors.
Like most animals on the planet, humans come pre-programmed to notice the behavior …

 Investing 101, Investor Psychology         5 comments

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I’m a little weird in that I rarely read articles or watch television programs that I fully agree with. I find that it makes me consider an alternative point of view or tweaks my thought process to include new variables into the decision making process that my (occasionally arrogant) analytical …

 Investing 101, Investor Psychology         16 comments

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I’ve been pounding the table pretty hard on investment bubbles lately. Probably because in the last decade, I’ve experienced more popped bubbles than I care to remember.
Or perhaps it’s that I’m constantly amazed by the herding behavior of humans. After all, we’re not that different from the rest of the …