Many of our money mistakes are avoidable if we can understand how we take decisions about money. This week’s links throw light on such working of our minds and can help you take better decisions.
1. Why we Buy: How to avoid 10 Cognitive Biases: It starts with “Status Quo Bias” and says,
One of the biggest reason people lose out financially is they stick with what they know, despite much better options being available. We tend to choose the same things we chose before. And we continue to do this even when better options are available, whether it’s goods or services.
2. Avoid Fear & Greed to be a successful Investor: Easier said than done, but avoiding the fear and greed can really make you an intelligent investor.
3. Investing in Stocks after Retirement: There are reasons to put some part in stocks even after retirement and this article tells you how.
4. Manshu has an update on ELSS Mutual Funds and the tax implications.
5. The cricket fever refuses to go. So here’s an article on Financial Planning and winning in Cricket.
Generally, I stick to 5 links. Here’s a bonus link (as I have not been updating regularly ) on the best balanced Mutual Funds by Manshu.