How you get rich from investing; slowly and then suddenly — This is an excerpt from my book “The Rational Investor”, if you like what you read, pick up your copy here. Throughout section 3 of this book, I have presented you with dozens of academic papers that lead to the simple conclusion that you should not sell your portfolio in…

Leverage this basic flaw in human thinking or have it used against you — Imagine I showed you two identical t-shirts. The first shirt I show you cost $150 and the second shirt costs $50. Due to a cognitive bias known as “anchoring”, you would likely think of the $50 shirt as a good deal because it looks cheap compared to the $150 shirt. …

Here’s how you can learn financial self-control — Every time you leave your house or go online, nearly everyone is trying to get you to part with your money. There’s nothing wrong with spending money as long as you spend money on things that make your life better and you can afford. The problem is that we are…

#4 “Stocks Always Bounce Back” — The problem with getting financial tips on social media is that everyone repeats the same talking points about money and finance. If someone gets a lot of Retweets talking about “passive income,” other content creators will copy that Tweet and send it out into the world as an original thought…

A new study reveals the surprising answer — Take a moment to imagine your “dream life.” If you never had to think about money… Where would you live? How would you spend your days? What luxuries would you indulge in? Have a clear picture of what that would your absolute ideal life would look like? Before you read…

And yes, there is such a thing as being “too optimistic” — Here’s a quote you’ve likely heard a thousand times… “Whether you think you can, or you think you can’t; you’re right “ -Henry Ford Typically, these types of self-help platitudes give me major eye roll syndrome. It’s the type of advice that sounds nice but feels hollow. However, dismissing this…

How Likely Are You To Fall For Financial Bull$hit? — If you’re even remotely interested in personal finance, Google’s algorithm has almost certainly served up countless ads for scammy investing courses on YouTube. You know the ones I am talking about. The ads where a 30-something dude is holding his iPhone in selfy mode, walking through a luxury mansion and…

Gold is an effective inflation hedge if you plan on living for centuries — Gold is one of the most popular alternative investments to traditional portfolios of stocks and bonds. There are two primary reasons investors buy gold. It’s thought of as a hedge against inflation. It’s seen as a “safe haven asset.” In this chapter, we review the evidence of each of these…