Financial Losses and Gains are Asymmetrical
I want to share an insight on financial risk management that we covered during one of my group coaching sessions. We were considering the use of ‘stop-loss’ orders as a mechanism to protect investors from volatility in the markets. I asked my clients to consider the impact of a potential loss on any investment. I […]
Change or face extinction
“Change or face extinction” – harsh words first used by medics when engaging with severely ill people, but now applicable to the world at large in a non-medical or health related context… We have seen a tremendous amount of change in the years since the turn of the millennium. I bet you’d be shocked if […]
Goals – have you climbed the wrong mountain?
Some of you reading this may have achieved the goals that you set a long time ago. Some of you may have reached the pinnacle of your career or be getting close. As motivated people, I expect that many of you are travelling up along a path towards achieving something really big. You are on your way […]
An alternative to “What Makes You Happy?”
Have you ever been asked by someone, “What makes you happy?” or even asked yourself, “What makes me happy?”. What did you say the last time? How would you answer now? Most people answer that question by referring to something that they do not currently have. For example, many people often reply to […]
Bowie Bonds – David Bowie’s music and the world of Finance
Have you heard of Bowie Bonds? As well as being an innovator in the world of music, fashion and art, David Bowie was also associated with innovation in the world of Finance. Music artists receive royalties for a long period of time after they have recorded their songs. Successful artists can become very rich by […]
What is the Rule of 72
The Rule of 72 is a mathematical concept that is used in finance and investing as a quick way to estimate how long something takes to double in value. It works like this… “If you divide 72 by an interest rate or a rate of return, then the result tells you the approximate amount of […]