Financial Planning on “Easy Mode”
Posted by Andrew_Smith on Tuesday 30th of April 2024
In video games, "Easy Mode" is a popular setting that makes the gaming experience more accessible and less challenging for players. When you play in this mode, the game automatically adjusts various elements to make your journey smoother and more manageable. Enemies become weaker, resources are more abundant, and the consequences of making mistakes are less severe. This allows players to enjoy the game at a pace that suits their skill level without feeling overwhelmed or frustrated.
Like gaming, many people find the world of finance and inv...
Do you keep meaning to sort out your will? We can help you.
Posted by Andrew_Smith on Thursday 21st of March 2024
Life is busy, we get it. But is anything more important than being in control of your future? Recent research* suggests that only 44% of UK adults have made a will, which means that you’re far from alone if you haven’t yet got around to completing what, for some, appears to be a daunting task.
It’s always worth bearing in mind that if you die without a will, the law decides who inherits everything you own (your assets) according to certain criteria called ‘intestacy rules’. So your assets may not be divided up as you would like, meaning you...
The effect of psychology on investors
Posted by Andrew_Smith on Thursday 21st of March 2024
You should base financial decisions on logic and facts. But psychology can have a much larger effect than you think, and it can lead to you making decisions that aren’t right for you. Read on to find out more about what behavioural finance is and how it could affect you.
“Behavioural finance” was first coined in the 1970s by economist Robert Shiller and psychologists Daniel Kahneman and Amos Tversky. They used the term to refer
to how unconscious biases and previous experiences affect the way people make financial decisions.
It can be used...
It’s important to take a long-term view
Posted by Andrew_Smith on Friday 1st of March 2024
