Making Rational Investment Decisions


Bias can have a powerful effect on our rational investment decision-making process when investing in unit trusts. If someone tosses a coin 10 times in a row and each time it lands on heads, then what would your choice for the 11th toss be? You may assume that the trend continues and call heads or, believing the trend will buck, you choose tails. Statistically though, there is still a 50% chance that it will land on either heads or tails. Bias is the reason most of us tend to choose either heads or tails. When we are presented with information,…

Top Ways to Save Money on your Next Move


There are many reasons people relocate. It might be starting a new job, a marriage, a divorce, just finishing college or simply wanting a change of scenery. With any long distance move also comes the added expense of transporting your personal belongings. This can run into a lot of extra money you might not have available. The good news is that there are many ways to save money on your next move.  Hiring a moving company All moving companies are not alike and all times of the year won't cost the same either. If you'd rather use a professional moving…

Forget About Early Retirement. Instead, Embrace Mini Retirements


The whole FIRE movement is endlessly fascinating, at least to me. I agree with the first half of the acronym, which stands for Financial Independence Retire Early. Financial independence is my ultimate money goal. I'm quite looking forward to the day when I can tell my bosses to shove it. I have no intention to do so--in fact, I quite like my bosses--but I do want the option of knowing I can be fired and not have to worry about where my next meal is going to come from. In fact, I'd argue that employees who are financially independent are…