Before you begin, make sure you read the first installment of Are You A Mental Accountant. In case you missed it, let me summarize. Mental accounting is tendency most people have to treat money differently depending on where it comes from. If you haven’t found yourself guilty as of yet, I will …
Are You A Mental Accountant?
I hope most of you have had a chance to read my previous article about The Legend of the Man in the Green Bathrobe. If you haven't, go back and read it. It's a prerequisite for continuing this post. I anticipated what the responses would be in the comments before they came rolling in. I assumed …
CD’s are for Hypocrites
I would venture to say that there are two investment products people learn about before any others - Stocks and CD's (Certificates of Deposit). Assuming most people learn about these two options when they're young, I would think the way they were explained was elementary. Something like: Stocks are …
The Legend of the Man in the Green Bathrobe
By the third day of their honeymoon in Las Vegas, the newlyweds had lost their $1000 gambling allowance. That night in bed, the groom noticed a glowing object on the dresser. Upon inspection, he realized it was a $5 chip they had saved as a souvenir. Strangely, the number 17 was flashing on the …
Riddle Me This, Part 1
Let's say you go out and buy a car for $40,000. Since everyone overreacts when it comes to purchasing a brand new car, we'll assume it's slightly used (maybe it was test-driven). This car is sick. A sun roof to gaze at the sun, moon, and stars. Heated seats to warm your wedgie. It even has the TV in …
Observations from New York City
At the risk of sounding like a complete n00b, I'll let you in on a secret. My lovely lady and I spent the holidays (and my 26th birthday) in New York - which was surprisingly my first trip to the City. I wouldn't normally include personal details as I'm attracted to anonymity, but Miss Blinkin and I …
Weekend Reading
Here are a few interesting articles to glance at this weekend. Towards The Paranormal Bill Gross - Pimco The New Normal, previously believed to be bell-shaped and thin-tailed in its depiction of growth probability and financial market outcomes, appears to be morphing into a world of …
