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11

The psychology around money is the subject of a lifetime of study. Your observations are not uncommon. The market daily fluctuation is out of our control. Hopefully, by the time the 1% volatility impacts you by say $1,000, you'll have grown accustomed to it, so when the 1% is then $10,000, you won't lose sleep. The difference between the $1000 up/down and ...


8

This is not hypothetical, this is an accurate story. I am a long-term investor. I have a bunch of money that I'd like to invest and I plan on spreading it out over five or six mutual funds and ETFs, roughly according to the Canadian Couch Potato model portfolio (that is, passive mutual funds and ETFs rather than specific stocks). I am concerned that if I ...


7

Stock prices are indeed proportional to supply and demand. The greater the demand for a stock, the greater the price. If they are, would this mean that stock prices completely depend on HOW the public FEELS/THINKS about the stock instead of what it is actually worth? This is a question people have argued for decades. Literature in behavioral finance ...


5

All value given to products is subjective and is different from person to person. It can also vary for the same person from year to year, month to month, day to day, or even hour to hour as a person analyzes different products and prices to determine which imparts the most value to him or her at a given point in time. In regards to losing money in your ...


5

Well, this relates to how you interpret something's value. We can use that magazine and restaurant as an example. For you the extra $10-$30 more on a decent meal or wine is worth it while $5 for a magazine entertainment on a train ride might not be. This is how all markets work, people make decisions about how they value something and hence choose to spend ...


4

Here's how I think about money. There are only 3 categories / contexts (buckets) that my earned money falls into. Savings Investments Consumption Savings is my emergency fund. I keep 6 months of total expenses (expenses are anything in the consumption bucket). You can be as detailed as you want with this area but I tend to leave a fudge factor. In other ...


3

Because buying at discount provides a considerable safety of margin -- it increases the likelihood of profiting. The margin serves to cushion future adverse price movement. Why is so much effort made to get a small percentage off an investment, if one is then willing to let the investment drop another 20% or more with the reason of being in it for the ...


3

I'm not sure who specifically you are talking about. Those are some pretty broad generalizations. Where do you draw the line about what is too much concern about entry price? On what basis do you make the assertion that they are overly concerned with it? For those that do: Probably because when you are buying anything, a lower price is preferable in general. ...


2

I agree with Chad, seek out a personal counselor before making any huge decisions. I did want to add that if you still want to talk to people about this question try www.stuckinadoorway.org. There you will get other OCD suffers take on this and all sorts of questions. My only advice directly to your question is to make saving as regular and automated as ...


1

Base on your comments that your insurance does cover these types of visits, and they do have an out-of-network coverage you might have a chance of getting them covered. Keep in mind that out-of-network coverage doesn't work the same way as in-network coverage. They will have separate deductibles, they will only credit you for the maximum benefit they would ...


1

I drove myself into serious debt until a friend persuaded me to start budgeting and told me about Out Of The Dark Budgeting. This free budgeting site made a huge difference for me because it made money management so simple for me and it provides many good suggestions and advice. I particularly like the cash put aside feature and credit card debt terminator ...


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