Tuesday , 14 July 2020


Finance

Derivatives Are Nothing More Than A “Game” of Russian Roulette! Here’s Why (+2K Views)

Russian Roulette: Put one bullet in the cylinder of a revolver, spin the cylinder, point the gun at YOUR head, and pull the trigger. Most revolvers have 6 chambers, so your odds of surviving are 5 in 6, IF you quit after pulling the trigger once. Press your luck, spin the cylinder, point the gun, and pull the trigger again. It might be okay. Try for a third time? Now let's play Russian roulette - derivatives style.

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The American Way: Living “The” Lie (+3K Views)

Appearances are all that seem to matter in our society today. Dying in debt will be common place in the coming years. Fully 21% of Americans say they don’t think they will be able to pay off their debts — including their car, credit cards, student loans and mortgages — in their lifetime. Our debt addict society is dying of an overdose.

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Just How Accurate Are Financial Forecasts? (+2K Views)

Even the foremost experts in most fields are no better than a flip of the coin at predicting what’s going to happen in their particular area of expertise. In fact, in one study those with 80% confidence in their forecasts were only right 45% of the time, so even worse than a coin flip.

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The Many Benefits of Having a Bank Account in Hong Kong (+4K Views)

Hong Kong is an excellent place to bank. One of the best in the world, in my opinion. Why? Because the banks are strong, stable, innovative, and well-capitalized [and account holders] are free to choose what currency to accept (and save), whether HK dollars, US dollars, Chinese Yuan, gold, or anything else.

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Here’s What Happens If You Don’t Have A Will In Place When You Die (+2K Views)

Americans are really falling down on the job when it comes to estate planning in part because we just don't want to think about our own mortality and it can be hard to worry too much about what will happen to our assets after we're gone since we won't be around to see it but dying intestate does have some pretty serious consequences, even though you won't be the one experiencing them. Here's the sobering truth about what happens if you don't have a will in place when you die.

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