Investors like to believe they make rational decisions based on available data. Do they really though? We know from experience that humans are far from completely rational beings. People get emotional and make mistakes all the time. There’s also a large number of cognitive biases we have to contend with…
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Clearly, you are a genius. Every investment you’ve made this year is up over 15%. Your decision to buy that [XYZ] asset was outstanding and clearly the correct decision, because the market price has gone way-way UP since you purchased it! I bet it’s tough being so smart!
Warren Buffett had better look-out, because you’re clearly gunning for the title of “World’s Best Investor”. He doesn’t stand a chance compared to your stock picking ability!
Some of your “not so great” investments are even doing pretty well…
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It’s been a long time since I’ve written a post about snack foods. Over the years, I’ve written a number of different blog posts about making snack foods, but for some reason I haven’t written a new one in years.
Go figure!
In the past, I’ve written about the low-cost snacking wonder that is popcorn, and how incredibly good DIY salsa can be. Both are great snacks that can be healthy and ultra affordable… as long as you skip the over-priced commercial products…
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Ahh spring!! Spring really starts to hit the Pacific Northwest when April rolls around. Things finally start to green-up again. It’s also the time of year when our weather starts to turn towards “dryer” and “slightly warmer”.
This is typically when I emerge from my winter hibernation, and start spending a lot more time outside…
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Have you noticed? The cost of a trip to the grocery store or hardware store has risen in recent months. This has the news media doing plenty of fear mongering about inflation.
To be fair, prices of commodities like corn, soybeans, lumber, and iron ore have all more than doubled over the last year. This is an undisputed fact, and certainly concerning…
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If you’re one of the many young people just starting-out on the path to financial independence (or even an older person just trying to catch up), the numbers can seem a little daunting. Using common retirement rules like the “4% rule”, a $1 million dollar portfolio can safely generate a mere $40,000 of income per year.
For many, this seems like a ridiculously small amount of income to earn from such a large amount of saved money. Perhaps you were hoping for a much larger income in retirement…
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When it comes to Japanese cuisine, most people will encounter it at their local Japanese restaurant. Serving up the classics like sushi, ramen, gyoza, miso soup, and edamame, most of these “Westernized” restaurants aren’t actually all that good.
Which is too bad, because Japanese cuisine is actually way WAY better than that.
Unfortunately traveling to Japan for some good eats isn’t possible, due to COVID-19…
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Don’t look now, but it’s time for another monthly update! Just like in previous months, I like to use this post to share all the niggly financial details of our life, as well as how much dividend income we’ve earned.
March was a fantastic month for a number of reasons. For one, March is when daylight savings time begins..
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If there’s one unsung hero of the personal financial world that needs a medal, I think it should be Hendrik Bessembinder. “Hendrik who?” you’re probably wondering…
Hendrik Bessembinder, is a professor from Arizona State University that researches and studies long-term wealth creation of the stock market. He studies the how part of how the stock market creates wealth…
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