Add to Technorati Favorites

Archive for April, 2007

A lot of people think that you only form a corporation if you’re establishing a business at a physical location. However, if you’re doing anything that generates some income like consulting or even investing, you can form a corporation and you probably should do so. There are several good reasons to incorporate but the main benefits are asset protection and tax savings, both of which are necessary to create and preserve your wealth.

Read Full Post »

A lot of investors get emotional when investing their money. Several studies on the subject reveal repeated patterns of irrationality, inconsistency and incompetence in the ways that people arrive at decisions when faced with uncertainty.

For example, many people place different weightage on gains and losses and on different ranges of probability. Individuals are much more distressed by potential losses than they are by equivalent gains. Typically a loss of $1 is twice as painful as the pleasure received from a $1 gain.

Read Full Post »

« Prev

Close
E-mail It