My Money MD
- It’s more likely that people will end up dealing with brokers who are eroding accounts in small but accumulative ways that get overlooked than obviously bad ones like who make the newspapers.
- A study with money shows how the brain reacts to unfairness and reveals that males are more sensitive to unfair monetary offers than females.
- Older folks caught in a scam may not be in the early stages of dementia, simply lonely or experiencing “normal aging.” Instead, a unique brain defect may explain the vulnerability.
- When paying for a big ticket item (could even be a large hotel bill) while traveling abroad, paying with an international wire transfer instead of most credit cards could be cost effective.
- ETFs, the new and trendy way to invest, are backfiring as a road to riches because some investors are overtrading the funds.
- Human beings will, on average, do what is easiest for them, and they don’t like to delay gratification. Knowing this has helped Congress make some changes to make a better pension law.
- Warren Buffett invests in a way that he can sleep easy at night. Here are some options that are on the safer side, but still have an opportunity for yield and in some cases growth.
- Seller beware: In China, if someone successfully bids for art at auction there is an almost 50/50 chance of non-payment.
- Young women, be aware when you choose your financial advisor. A study shows that the mere anticipation of an interaction with a woman can impair a young man’s cognitive performance.
- Financial advisers, by the very nature of their profession, have an agenda that conflicts with the client. They make their money by getting it from you.
Dr. Shirley Mueller is a physician turned financial consultant and investment educator. Her fee is hourly, not a percentage of assets. She welcomes comments at ShirleyMMueller@MyMoneyMD.com. For more information, visit her website at MyMoneyMD.com.
Shirley Mueller, MD is a physician turned financial consultant and investment educator who specializes in guiding clients, both one-on-one and in groups, about how to effectively self-invest using a simple and effective three-step approach