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- Short Takes: Emergency Funds, Hazardous Waste, and...
- Wedding Gift Registries: Efficient or Wasteful?
- Manulife IncomePlus Reader Comments
- Hedge Fund Conflict of Interest
- Lotteries, Millionaires, and a Sense of Scale abou...
- Short Takes: Bonds and a Boot to the Head
- Auto Bailout: Throwing Good Money After Bad
- Courses on Gambling with Stock Options
- MER: Death by a Thousand Cuts
- Bond Trading Fees
- Short Takes #5: Market Bottom, Nortel, and Carpooling
- Money for Nothing and Your Stocks for Free
- Do Investors Need to be Good at Mathematics?
- Time for the Smith Manoeuvre?
- Manulife IncomePlus Default Risk
- Short Takes #4
- Manulife IncomePlus Hard Sell
- Obama’s Win and the Effect on the Stock Market
- Market Timing in Pictures
- Canadian Scammers Target U.S. Grandparents
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This series of pics should be the next cover of The Journal of Behavioural Finance. Love it!
ReplyDeletePerfect! It kills me to see posts that say "I've had enough -- I'm selling all my stocks" right at the end of one of the worst months in market history.
ReplyDeleteThanks, Preet. This was one of the rare times that I was inspired to do something mildly artistic. It was fun!
ReplyDeletePatrick: I agree. I've seen too many comments like this as well. Even bloggers who say all the right things like "stay the course" often then go on to advise shifting out of riskier assets, etc. Of course, this just means selling some stocks rather than selling all stocks. Even people who should know better seem unable to stop themselves from selling low and buying high.
ReplyDeleteUnfortunately, picture # 2 is how most people seem to invest.
ReplyDeleteCC: I assume you mean that most people try to invest based on the "Fantasy" picture. Sadly, some end up with the reverse of the "Fantasy" picture where they buy at the top and sell at the bottom.
ReplyDeleteOops. I meant to say the reverse of picture # 2 is how people seem to invest, at least, judging from studies that show actual stock returns are much less than market returns.
ReplyDeleteBrilliant. I was going to post earlier in the week, but I couldn't think of anything insightful to say... still haven't.
ReplyDelete