Steadfast Finances

 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, …

 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 …

 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         15 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 …

 Commodities, Investing 101, Investor Psychology         39 comments

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The majority of the investing world, like countless times throughout history, has once again found itself spellbound by gold’s luster and I’m here to tell you why I think gold is a bad investment.
I’m feeling another black sheep moment coming on.
Truth is, gold has had a heck of …

 Consumer Education, Public Awareness         2 comments

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NPR has a fascinating report on a Starbucks owned coffee shop which has completely ditched any association to the Starbucks franchise.
No human sized Starbucks logo on the windows. No logos on the coffee cups.
No mention of Starbucks whatsoever.
Just a Plain Jane, “15th Ave. Coffee & Tea” sign posing …

 Investing 101, Real Estate         9 comments

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Did your investments get slammed because you bought at the top of the market only to curse them all the way down?
Were you feeling anxiety because you listened to friends talk about flipping condos for a quick profit and felt like you were going to be left out?  Did you …