Secrets of Finances and Payday Loans

Changes in risk appetite seem to depend on the level of risk appetite in the preceding month. Up- and downswings of risk appetite are driven by investors’ perceptions. If risky assets have outperformed for some time, investors tend to expect a continuation of this outperformance. Conversely, during times of underperformance of risky assets, investors apparently [...]

Most money managers are astute salespeople. They have slick brochures and charts showing why they are better than the competition. They are not above using guilt and intimidation to keep you with them. They will also influence you to keep your money in their area of expertise. In the current decade, real estate prospects are [...]

Money managers will handle your stock investments for a fee. This fee is in addition to the commissions and spreads you must pay a broker. Money managers cannot execute stock transactions. Some money management fees are a percentage of the value of your account. A money manager takes his fee whether your account increases or [...]

One of my favorite quotes on hard work and change comes from Thomas Edison, who was asked about his successes in life. Edison said, “Opportunity is missed by most people, because it dresses in overalls and looks like hard work.” I think this is a great place to start when you think about getting rid [...]

In the R&D world, when a new idea is proposed, it is standard practice to look for the fatal flaw. A fatal flaw is a condition that is certain to preclude, or that has a high likelihood of precluding, exercise of the option. Its existence in effect negates ownership of the option. That flaw can [...]

A third explanation for humanity’s history of rotten economic performance may be failure to understand value. Modern economic theory has conclusively shown that value cannot be created when the returns of economic endeavor fail to exceed the cost of capital. This knowledge has been derived from efficient capital markets linked by rapid communications. Under these [...]

Broadly speaking, transfer payments are taxes paid by one sector of a population that are transferred as income to another sector. Today, the term is synonymous with welfare—income taxes paid by the working population are transferred to the poor, the aged, and the disabled, usually to ensure a decent standard of living to all citizens. [...]