One day, while Chicken Little was walking in the woods, an acorn fell and hit him on his head."Goodness gracious me!" said Chicken Little, "The sky is falling, the sky is falling. I must go warn everyone."We see this all the time. The stock market goes straight up for eight or nine months, and if there are 2 or 3 down days in a row, there is hand-wringing and the moaning all over the place.Who are these people that panic at the first sign of a...more
Humpty Dumpty sat on a wall;Humpty Dumpty had a great fall. All the King's horses And all the King's menCouldn't put Humpty together again!You know this tragic story.During the 45+ years that I have been a financial advisor, I have seen this over and over and over again.A new client comes into my office and asks me to review their old portfolio. Very often it is littered with holdings that make no sense. It might have been possible that each of...more
Once upon a time, there was a young hare, a hotshot rabbit investor who would always brag to anyone that would listen and that he was the smartest, fastest, best performing investor in the world. He would constantly tease the old tortoise about his slow, solid investment style.Then, one day, the annoyed tortoise answered back: "There is no denying that you are very aggressive in your investment strategy. You take very high risks and get high returns. But even you can be beaten."The young hare squealed with laughter. "Beaten? By whom? Surely not by you. I bet there's nobody in the world that can win against me, because I'm so good. If you think that you can beat me, why don't you try?"Provoked by such bragging, the tortoise accepted the challenge. Each of them put an equal amount of money into a new account and the race was on. The hare yawned sleepily as the meek tortoise trudged slowly off.As might be expected, the tortoise invested in high quality blue chips, companies with household names.The hare, as anticipated, invested his money in dotcom stocks and options. You know the story. The aggressive hare jumped out to a big early lead. In a rising market, the highest...more
The 10 dumbest things investors say to advisors.1} When my investment gets back up to what I paid, get me out.This is surely a big mistake. That stock has absolutely no idea that you're waiting for it to go up so that you can sell.2}The stock is selling at $3.00 a share. How much can I lose?$3 multiplied by the number of shares. Oh yeah, don't...more
Is your home really an asset? Ask this question in any social setting and you will probably be met with puzzled gazes, because it is obvious to anyone that knows anything about anything that your home is not only an asset but it is your most prized asset. To most people their home is the one thing they know they can't go wrong on, they have put...more
Trust is an essential part in managing people and building a high-performance organisation. It's the foundation upon which all relationships are built. As in any relationship, trust is central to stable and productive workplace relations and successful team building initiatives. High trust environments correlate positively with high degree of employee involvement, performance management, commitment and organizational success. If trust is present in the workplace, the organization gets maximum effort and commitment, and the employees receive security and know they are appreciated.However, our experience working in the private and public sectors of Australian industry, indicates a decline in trust in the workplace. A joint study by the Australian Institute of Management and Monash University supports this view, concluding that Australian business is facing a 'crisis of trust' threatening productivity and performance.i The study shows that while trust underlies all aspects of organisational culture, it is at a low ebb for managers across a range of industries and levels. The survey shows a strong correlation between trust and a positive workplace culture that emphasizes reward,...more
You are deep in a tunnel. It is so dark and no place to go. You are trying to escape but your brain fools you. So you got stuck. So what does it has to do with finding dream jobs? Do you know why did people start to look for their dream job? Well a...more
In today's climate of change any one can find them selves short on cash and as a result miss a few payments. This can result in a foreclosure process being initiated by the lender. If you ever find yourself in such a situation you should contact your...more
Identity theft is one of the most common crimes in the world today. Unfortunately, identity theft can be devastating to some victims, leaving many with very low credit scores. This can affect their ability to buy a home or a car in the future, along...more
The best Stock Market advice you will ever read is to learn from mistakes when someone else has made them. So, this stock market advice list I made a list of some of the most common trading mistakes that are made. Even I've made some of these. If you...more
Even traders want to be trendy when they buy stocks. Many traders make trades because of public opinion, not because the trade itself makes sense. When a particular stock seems popular, they rush in so they don`t feel they`ve missed an opportunity....more
As Work at Home Moms, we talk about our "Why" as a positive thing. Our "Why" is our purpose, our reason, our muse. We refer to our 'Why' when we need inspiration or motivation to reach outside our comfort zone, to try a little harder, to keep going...more