Mental Accounting for a Generational Mindset

The term “mental accounting” describes a specific type of irrational investor behavior. It’s an irrational attitude investors can take when separating their money for investment. But I think a little “mental accounting” can actually be beneficial for families that are investing for generations. Let me tell you why.

Money mind games

How is mental accounting irrational? Let’s assume an investor saved $100,000 from years of hard work, then got $50,000 as a surprise bonus from their job, and ...

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From a Tiny Island, a Lesson in Global Thinking

This photo was taken on Montpelier Beach in Nevis, a tiny island in the Caribbean that plays a big role in North American history. Christopher Columbus sailed past Nevis on his second trip across the Atlantic. John Smith landed at Nevis on his way to Virginia in 1607. When I was on Nevis I visited the site where Alexander Hamilton was born, and another where Admiral Horatio Nelson was married.

In the late 1600’s, Nevis was one ...

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