Insights

Discover the paradox of crowd behavior in investments. Harness the wisdom but beware the madness. Can you navigate both?

Nobody wants to make investment mistakes. And yet, we’re human; mistakes happen. Here’s how to minimize the ones that matter the most, and make the most of the ones that remain.

In the realm of goal-setting, the SMART acronym has long been hailed as a beacon of guidance. Specific, Measurable, Attainable, Realistic, Tangible – it's the formula that promises the path to success. Yet, for many of us, it's become a rigid and uninspiring template, one that funnels the concept of planning and achievement into a starkly linear framework that appeals solely to the rational side of our brains.

The strongest foundation for building a successful and satisfying financial life is a clear understanding of what is truly most important to you.

OpenAI's ChatGPT, a free AI platform, has gained much public attention, allowing users to generate human-like text. However, its "predictive" nature can result in the system making up information, which is a significant flaw that makes the system untrustworthy.

The 80/20 rule suggests that 80% of an outcome is the result of 20% of the effort put in. This rule can be applied to personal finance in the following ways.