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Investing in the Czech Republic - Outside of Prague - Part 1: Brno Property
Imagine if you had bought property in Prague 8 years ago....
Brno property has been getting a lot of exposure lately. And for
good reason. Attractive deals in Prague are getting harder to
find. Attention is beginning to turn elsewhere.
...
Investing in the Stock Market
From the book 'The Stockopoly Plan' by the author Charles M. O'Melia There are several factors an investor in the stock market should consider: 1. All stock purchases should be commission-free. 2. All stocks purchased should be from a...
Living and investing in New Zealand: An easy process
Copyright 2005 Ofer Shoshani
Living and investing in New Zealand is becoming more and more popular as people are discovering the small but friendly country. They love the varied scenery, mild climate, and many activities. Living in New Zealand...
Real Estate Investing - start with getting your own finances under control
Real estate has been a driving force in world economies since
the days of Babylon, one of the most fantastic developments the
world has ever known, and the desire to create, not destroy, is
alive and well.
To enter the realm of real estate...
Real Estate Investing--Starting Right Is the Key to Profits
You've heard of the potential payoff from real estate investing. The good news is, it's true! The bad news is, it won't happen for most people. Why? They have unrealistic expectations. Real estate investing isn't a "get rich quick" endeavor,...
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Investing and Speculation
People often see other people's decisions as the result of disposition but they see their own choices as rational!
Investors frequently trade on information they believe to be superior and relevant, when in fact it is not and is fully discounted by the market.
On one side of each speculative trade is a participant who believes he has superior information and on the other side is another participant who believes his information is superior. Yet they can't both be right!
Speculation (a.k.a. gambling), is not investing, and in one form or another has been around forever!
Many researchers theorize that the tendency to gamble and assume unnecessary risks is a basic human trait. Entertainment and ego appear to be some of the motivations for people's tendency to speculate. People also tend to remember successes, but not their failures, thereby unjustifiably increasing their confidence.
"Psychographics" describe psychological characteristics of people and are particularly relevant to each individual investor's strategy and risk tolerance. An investors background and past experiences can play a significant role in the decisions an individual makes during the investment process.
For instance, women tend to be more risk averse than men and passive investors have typically became wealthy without much risk while active investors have typically become wealthy by earning it themselves.
The Bailard, Biehl & Kaiser Five-Way Model divides investors into five categories:
Adventurers:
They are risk takers and are particularly difficult to advise.
Celebrities:
They like to be where the action is and make easy prey for "fast-talking brokers."
Individualists:
They tend to avoid extreme risk, do their own research, and act rationally.
Guardians:
They are typically
older, more careful, and more risk averse.
Straight Arrows:
They fall in between the other four personalities and are typically very balanced.
In speculation two things will be always around:
A. There will always be people willing to speculate and
B. History always repeats itself!
Speculation objects, rules and technological methods will always be changing. But, what has happened before will most likely happen again.
Whether it's tulip bulbs, precious metals, bonds, lottery tickets, ball games, or stocks, human nature is human nature. Ignorance, fear, greed and hope determine how people react and thus how prices move and markets behave.
People have speculated on almost everything at one time or another. Speculating, trading and investing on stock prices have become an essential part of our lives and economy. Trading is just another word for speculating, and investing is nothing more than speculating, except that it supposedly encompasses a longer time horizon and for some reasons it implies less risk.
Speculation and gambling are similar, with a few important differences. One major difference is that sometimes, successful speculators profit due to their skill, while gamblers prospect due to their luck.
Whether a trader, a speculator, or a gambler in all cases the aim is to make a lot of money in a harry, and to be able to know when not to invest!
About the Author
Copyright © 2005 Ioannis - Evangelos (Akis) C. Haramis
haramis@greekshares.com
http://www.greekshares.com
Ioannis - Evangelos (Akis) C. Haramis was born in Athens, Greece in 1951. He studied in Greece, in USA and in Belgium and has been active in the stock markets since 1972. Since 2002 he is New Business Development Managing Director at an Investment Bank and the editor of http://www.greekshares.com
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| Investing: Stock Quotes, Charts & Market News - MSN Money |
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| Open Directory - Business: Investing |
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| Better Investing - We'll show you how! |
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| Dow Jones, Nasdaq, S&P 500, stock market data - CNNMoney.com |
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| Investment - Wikipedia, the free encyclopedia |
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| en.wikipedia.org |
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| Investing In Bonds |
| Information about bond investing from The Bond Market Association. Bond price information, articles, introductory guides, and links to related sites. |
| www.investinginbonds.com |
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| Investing for Kids |
| Welcome to Investing For Kids. This Web site is designed by kids for kids. It examines stocks, bonds, ... It teaches the principles of saving and investing. ... |
| library.thinkquest.org |
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| internet.com - the Internet and IT Network from Jupitermedia Corp. |
| The definitive internet resource. |
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| The most comprehensive investing glossary on the web, with over 5000 definitions and 15000 links between related terms. |
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| JS Online: Business: Investments |
| Investing, Personal Finance. More investing stories from the Journal Sentinel ... Readers share investment advice, savings tips COLUMNIST HUMBERTO CRUZ ... |
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| Investing for Your Future |
| Online course for beginner investors. Course and program description, registration, resources, feedback and contacts. |
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| investing | baltimoresun.com |
| Business, technology, real estate and investing news, primarily from The Baltimore Sun. |
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| Investing for Beginners |
| Investing for beginners gives new investors articles on the stock market,interviews with leading financial experts, discussion boards, a free weekly ... |
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