THE 7 New Rules of Financial Security and why you need to know them
Bigda, Carolyn, Lim, Paul J.
John Maynard Keynes, the Depression-era economist who's having quite the comeback, once quipped when he was accused of inconsistency: "When the facts change, I change my mind. What do you do, sir?"
MONEY has long advocated the benefits of consistency in your investing and financial planning. People who swing between bold risk taking and neurotic conservatism almost always get their timing wrong, falling for the hype in the good times and missing the real opportunities in the bad. But occasionally the facts change too much for you to stick to old ways of thinking. This is one of those times.
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You have to worry about the other guy's debt too.
RULE No. 5
OLD THINKING: You can expect your house to appreciate handsomely over the long run.
NEW RULE: Your home won't make you rich. But it is an important savings tool.
RULE No. 6
OLD THINKING: A diversified portfolio lowers your risk.
NEW RULE: Diversification won't always save you-and you need more of it than you think.
RULE No. 7
OLD THINKING: Retiring early is a prize.
NEW RULE: Retiring early is a problem.
Kaushal described the world a rich combination of different cultures and every culture has some unique elements in it that distinguish it from the rest of the other cultures. The fundamental values in the society developed over the time into ideologies or world views. The culture, religion and constitutions are the sources of the values. Value itself is judgmental in nature and they endorse such beliefs in an individual that are important in formulating his personality. Lord and Ranft (2000) examined the transfer of local market knowledge within the diversified US based firms as their divisions expand into a new host country. The results suggested that as US firms expand into new international markets, their organizational learning processes differ significantly.
Boys will be boys: gender, overconfidence, and common stock investment
Barber M. and Odeon T
Barber and Odeon (2001) through their theoretical models predict that confidence has a...