And this one is very simple and it makes sense. Humans have the natural tendency to stay where they are comfortable. To stay where they're safe https://casinoslots-ie.com/joycasino.
To stay in familiar territory. This is very similar to the endowment effect where you have greater value in what you already hold. So you see greater value in where you live. And if you work for a certain company you see greater value in that exact company. Let me give you guys an example. When I was 18 years old, I worked for JC Penny and I loved that company and I was like, you know what? I've got some money. Why don't I invest in JC Penny stock? If anyone has seen what has happened to JC Penny stock you'll understand why the hometown bias could have really screwed me in that situation. Luckily, I went and I talked to my dad and some other people and said, "Hey, what do you think about this?" He said, "Oh I would not recommend investing "In JC Penny stock." So I didn't do it. And as a result, I did not fall under the home town bias of seeing greater value in basically what is familiar. So because I worked there I thought they were the best retailer out there and I'm like, they can't fail. But the stock has just been obliterated since then. So I'm very glad I did not fall under the home town bias and do that. But a lot of people make this mistake because they have the natural tendency to stay where it is comfortable. And they also believe that what they hold or what's around them. So basically when you work for a certain company you believe that because you work there this company is so much better than other companies. It's this endowment effect. They tie in together okay? Here's three examples of hometown bias. Number one, very common. Investing only in the market of your own country. So most investors in the United States are largely invested solely in US stocks. Another example of this is investing only in the stock of your employer which is something that I almost did because I fell under the impression that because I worked there and because it was comfortable and familiar it was a good investment. Number three is investing only in one sector. Basically this leads to not being diversified enough. So let's take a look at this right here. This is the global equity market. 49% is made up by US stocks and 51% is non-US stocks. So someone who invests 100% of their money in US stocks is investing in 49% of the market. Giving them 51% of the total global market that they are not exposed to. The solution to this is simply just to diversify. So if you're investing in US stocks consider stocks of non-US countries as well. If you're somebody who is solely invested in the stock of your employer, consider diversifying. Or if you're only investing in tech stocks because you work for a tech company or that's the sector you're familiar with you should be more diversified. So that is stock market sin number six. And number seven is loss aversion.
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Now that you understand that, now that you understand it you are well ahead of most investors okay? Okay that the speculator is not an investor. If you want to be a speculator, go be a speculator.
But if you're here to learn how to invest don't be a speculator. You're looking to invest. Understand that investing is a marathon and most people are treating it like a sprint. Largely, this comes from watching what everyone else is doing. If you and your friend are both trading stocks. It's your hobby or whatever. And your friend is having fantastic returns you're gonna feel like he's getting way ahead of you because he's sprinting. Maybe he's not considering the safety of his principal with those investments. Maybe he's not thinking things through with thorough analysis and as a result, he's right a little bit of the time. He's been right you know? He's made good speculative bets. But will he be right every time when he's not adequately preparing for that investment and he's largely speculating. The problem guys, there is a lot of short term noise on Wall Street. That is because Wall Street wins when we are active okay? How do brokers make money? When we trade. When we trade in and out of stocks all we do is fatten the pockets of Wall Street brokers. They thrive on activity. They want us to be active traders. So as a result, they create a lot of short term noise to encourage activity. When largely, the best thing to do is just hold onto what you have. Gambling is encouraged and they want you to hit the jackpot. That's why, I know a lot of you guys maybe even before you watched this video. Maybe you got an ad for a guy driving a Corvette encouraging you to go you know, invest in penny stocks or something like that. They want you to hit the jackpot and have this idea that oh, you're gonna hit it out of the park. They want you to gamble. When really you should look at investing as a marathon where you're making safe bets over time that will grow your money. And at number one, your number one rule is to protect the safety of your principal. The solution to this is very simple. The solution is patience. And not worrying about what anyone else is doing with their money. Oh man, this one got heated. I hope you guys understand why this is so frustrating to me because I see so many people out there that are speculating when they think that they're investing. And they're calling themselves investors. And it's even worse because there's no difference on Wall Street. They call it the same thing. They call it investing when most people are actually speculating. I'm thinking I'm gonna have to go get my blood pressure checked after that last stock market sin. Holy crap did I get heated over that. But anyways guys, luckily the last two are more delicate. So I'm not going to be as angry with these two. Number six deadly investing sin is the hometown bias. Number two is speculating full time when you lack the knowledge and skill. Also known as overconfidence. One of our previous deadly investing sins. You can see how this all ties together here. Number three is risking more than you can afford to lose.
This is the unintelligent speculator. This is the majority of people out there who are trading. Now, here's the problem. And maybe it's not a problem. This is the truth. Speculation is fun. When you're right. When you're wrong, it fucking sucks. That's the truth, it hurts when you're wrong. Because you lose a lot of money. Speculative investments have very large downsides. Just a couple examples would be penny stocks. Trading on margin. Trading options contracts. These are speculative investments. They're speculations, they're not investments. It hurts when you lose because you lose big alright? So now that we have an understanding of what a speculation is versus an investment. Let's go back to talking about the desire to hit home runs and just slam it out of the park. Alright, here's the biggest thing. This is my biggest issue and I know I'm starting to get a little angry here because this is what I see. Especially with the penny stocks. Someone's right once okay? They get lucky. Are you gonna be right again? How long's it gonna take until you're right again? What kind of strategy is that? You know, let's say you're playing baseball and somebody says, "What's your strategy?" And you go, "I swing that bat as hard as I can. "Nine times out of 10, I don't hit anything." But the one time that you did hit that ball it went flying, it went very far. Further than most people hit a ball. But nine times out of 10, you're wrong. Are you gonna be making money if you're wrong nine times out of 10? But one time out of 10 you're right. Don't forget guys, that if you incur a 50% loss okay, on an investment you need a 100% return to offset that loss. A 50% return does not get you back to where you were when you started. You would need to double your money if you lost half of your money. This is something a lot of us forget. So if you're set back 50% on your investment you're gonna have to be right big next time to get back to even where you started. So this quest for home runs. The idea of smashing it out of the park by making speculative bets is hardwired in us largely because Wall Street encourages it and secondly, our minds crave the sensation we get when we're right, when taking a gamble. That is why we like casinos. That is why you see people sitting in convenience stores doing scratch offs when they can't afford to pay their child support. It's because we like the idea of winning. Of gambling. Of returns that we really don't deserve because we did not have thorough analysis of what we're doing. We do not have a safety of principal or an adequate return. We want an inadequate return that's not proportional to our efforts alright? I know I'm going off on a tangent and getting a little frustrated here but this is a really big deal alright? From a tropical paradise to the home of the holy see, here are 11 countries that survive without a military.
11. Micronesia The name Micronesia literally breaks down to ‘small island’ which is an appropriate name for this island. Micronesia is of strategic importance to the US and they currently have a Compact of Free Association. At the end of WWII, the US established relationships with the areas that were liberated from Japan. The US provides military defense so they can use important resources for their citizens this website. There is a small Division of Maritime Surveillance and everything else is taken care of by the US. The US military used many of the atolls for open nuclear weapons testing resulting in many illnesses and there is much resentment against the US by the local population. This year in 2018, Micronesia will vote on whether or not to end this Compact when it expires in 2023. If so, they could ally themselves with China which would be a huge blow to the US. Washington needs to pay attention and try to improve this relationship. 10. Costa Rica The Republic of Costa Rica, located in Central America, has again topped the Happy Planet Index rankings and was voted the happiest country in the world by National Geographic for 2017. Whether that is related to its lack of a military or not has yet to be seen although since the army was abolished in 1948, all of the funds that used to go to the army have been reallocated to be spent on education, health care, and pensions. In 2012, the country invested more in education and health care than the UK. Costa Rica contains 6% of the world’s biodiversity and has one of the highest life expectancies in the world. They embrace the concept of “Pura Vida” which literally means “pure life” but it is a state of mind that reflects positivity, happiness, well-being, and an appreciation of nature, family, and friends. So why did Costa Rica abolish its army? After emerging victorious from a brutal civil war that lasted only 44 days, but left much devastation in its wake, President Jose Figueres Ferrer abolished the military. In 1949 it was introduced in the Costa Rican constitution. The argument was that in order to defend democracy and end coups and insurrections caused by the military, the country decided to just get rid of it. There have been no insurrections since. Despite border disputes with its neighbor Nicaragua, it is one of the largest countries on this list that hasn’t got any military protection. In case of war, the United States has offered their military to use at their disposal, so it’s not like they are worried. The nation is currently protected by a police force and a Public Force for law enforcement, counter narcotics, security, etc. Some argue that they have a paramilitary force of 8,400 which is a military in all but name. 9. Dominica Dominica is an island republic located between the Caribbean Sea and the North Atlantic Ocean. It is known as the Natural Isle of the Caribbean because of its mountains and tropical rainforest. It was the last Caribbean island to be colonized by Europeans. Fun fact, it is the only island to maintain some of its indigenous population known as the Carib Indians. The island nation has suffered from extreme poverty and has often been hit by hurricanes, earthquakes, landslides, and threat of volcanic eruption. The matter of losing their military forces came in a surprising manner. In 1981, there was a plot to overthrow the government of Dominica led by Canadian and American citizens with white supremacist ties known as Operation Red Dog. The neo-nazi and weapons smuggler leaders wanted to support the former President of Dominica, Patrick John who had been voted out but wanted to remain in power. That way, he and his makeshift army could have control of the future development of the island. However, the FBI had already caught wind of the plot and arrested them. The media called the event the Bayou of Pigs. After already going through several coups, this was the last straw and the military was disbanded. Dominica has since been protected by an internal police force but in general, the Caribbean nations are protected by the Regional Security System. And now for number 8, but first what country is considered the most peaceful country in the world? Leave your answer in the comments!! And be sure to subscribe, we would love to have you! 8. Vatican City Home of Holy See and the Sistine Chapel, Vatican City might seem to be completely disconnected from the rest of the world. But the smallest country in the world is surrounded entirely by Rome and the responsibility for defending it lies primarily with the Italian Military. The Swiss Guard is a small force maintained by the Holy See and is responsible for the safety of the Pope. While the Swiss are known for being neutral, in the past the Swiss military were some of the best in the world. Earlier popes would hire Swiss mercenaries as part of the army. The Pontifical Swiss Guard is the only active force in Vatican City. While they look like they are dressed for a Renaissance festival, their other uniform is a suit and they carry the best weaponry available. Security is also supported by the Gendarmerie Corps, which is a civilian force maintained by Vatican City which is something of a police service. It covers the City and the external areas, especially during the Pope’s appearances. Vatican City was originally covered by the Palatine Guard and the Noble Guard but they were both abolished in the seventies by Pope Paul VI. 7. Grenada Grenada is another island nation in the southeastern Caribbean off located off the coast of Venezuela. They were colonized by several European nations and the island was granted full autonomy from the British in 1967. They gained official independence in 1974, however, the government was overthrown by a Marxist-Leninist Coup. In 1983, the island was invaded by US troops and the RSS (the Regional Security System that I mentioned earlier that protects all island nations). The invasion was highly criticised by the UN and everyone tried to find someone to blame. Regardless many of the people involved were arrested and after the US invasion, the standing army was disbanded. It is still protected by the Regional Security System and their own Police Force and Coast Guard. 6.Haiti The Republic of Haiti is also in the Caribbean. It’s a state situated on the island of Hispaniola in the Greater Antilles archipelago. An interesting fact about Haiti is that the “Ambassador-at-Large” is none other than Oscar winner, Sean Penn. The Haitian government wanted to recognize Sean Penn for his humanitarian work in helping Haiti recover from a devastating earthquake. He currently has a home there and lives there between movie shoots. Haiti is no stranger to military coups and other internal conflicts which meant there was a great amount of animosity within the area. For years since its independence, the military constantly interfered in politics and the country suffered dozens of military coups. The most recent in 1991. After consideration and debate, the government decided to disband the military in 1995. However not everyone agrees with this decision and there is a movement for the Army to be reinstated. Until a decision is made - if that ever does happen - Haiti is covered by the Haitian National Police which is a SWAT team that works closely with the Haitian Coast Guard. Last year, 2017, the government launched a campaign to re-establish the army claiming that it relies too much on the UN. 5. Liechtenstein The microstate of Liechtenstein is bordered by Switzerland, and is the fourth smallest country in Europe. Similar to Iceland, it hasn’t had a military since the 1800s. The mountainous area lends itself to being popular for winter sports, meaning that it is now an active place for tourism and visiting adrenaline chasers. It is now one of the wealthiest countries in the world. However, this wasn’t always the case. Following the end of Napoleonic Wars, the country was left in economic ruin and had to abolish the army because it didn’t have the money to maintain a military. It now clearly does have the money to do so, but fortunately it hasn’t felt the need to. Now law enforcement is handled by the small Lichtenstein National Police Force. 4. Monaco Similarly to Liechtenstein, Monaco is one of the wealthiest countries on this list. In 2014, a study was published that claimed that 30% of the population was made up of millionaires. This wasn’t always the case, but when Monaco opened up their first casino, Monte Carlo, in 1863, it surely drove people to visit the country so that they could take a chance with their fortunes and play the games the casino had to offer. It's connection to Paris, the Grand Prix, and the gorgeous scenery has meant that Monaco has become one of the most popular tourist destinations in the world. Monaco is lead by Prince Albert II who is part of the grand Grimaldi family which has reigned over Monaco since 1297. He has his own security force which is comprised of bodyguards specific to his protection but aside from that, Monaco is under the protection of France’s security and defense. Although it doesn’t have its own military, this doesn’t mean that it hasn’t had its fair share of conflict. Prince Albert II apologised for the part that Monaco played in WWIi in deporting Jews and resistance fighters and said that what they had done was irreparable. Ever since, there has been little conflict and Albert is known as the “green prince” for his interest in the environment. 3. Mauritius The Republic of Mauritius is another island nation located on the southeast coast of Africa and is a member of the African Union. The specific island of Mauritius is famous for being one of the most beautiful places in the world. Mark Twain wrote that Mauritius was made first and then heaven was copied after Mauritius. It is also was the home of the now extinct dodo bird - along other rare birds that became extinct due to human activities upon the island. The Republic was under control of the Dutch, the French and finally, the British but in 1986, the country finally gained its independence. This movement was lead by See-woo-sagur Ram-goolam who later became named the Father of the Nation. They have maintained independence ever since and have been protected by their various security forces but no standing army - the forces include the Commissioner of Police, the National Police Force, the Special Mobile Force and the National Coast Guard. 2. Panama The Republic of Panama is located between Colombia to the southeast and Costa Rica to the west. Panama is mostly famous for the Panama Canal and its natural beauty and diversity. After Costa Rica, Panama has become a very popular place for American expats. Just like Grenada, the military of Panama was abolished after the US invasion in 1989. It was voted that the invasion was a flagrant violation of international law and the United Nations General Assembly approved a resolution. However, the damage was already done as the invasion displaced 20,000 people from their homes. The Government of Panama decided to follow Costa Rica’s example and declined to restore their armed forces. In 1994, it was officially included in the constitution. Panama is now currently protected by the Panamanian Public Forces who monitor border control and any internal issues that may occur. Panama is very dependent on protection by the US. 1. Iceland SO what country is considered the most peaceful country in the world?? Iceland! Iceland has been named the most peaceful country in the world by both the Guinness World Records and the Global Peace Index. Popular for being the prime place to see the spectacular Northern Lights at certain times of the year, Iceland is the longest standing country without an army as it hasn’t had any military since 1869. Their current protection, the Icelandic Coast Guard also ensures the running of the Air Defence System and Crisis Response to ensure that the peace is kept on the island. This doesn’t mean that Iceland has been without conflict, however, as there were a series of scuffs with the United Kingdom called the Cod Wars. They were confrontations really, not actual warfare, over fishing rights in the North Atlantic. Iceland emerged victorious because they threatened to withdraw from NATO. Iceland was a critical member as they allowed access to a submarine checkpoint area during the Cold War. Thanks for reading!! Do you think it’s a good idea for countries to not have a military? Let us know your opinion in the comments below!! With changing lifestyles which is giving rise to loneliness, there are more social problems. There are more individuals who feel disconnected from other people. Bingo played online has become an excellent way to connect with people and most of the bingo websites offer chat feature which is a fun and effective way for bingo players to connect with others.
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So you see this would not describe all women. You can not come home when problems arise. She will have to handle them. Even in most emergencies (what we might consider emergencies) you can't park the truck and jump on the airplane to fly from across the country. That's not all. If you think about it. How do most people think about truckers? Often what the general public thinks about truckers is more negative than good. They think that we have women all over the country and that we are bad attitude renegades who live for our own happiness. This image we have adds to the complexities of maintaining a strong relationship. A trucker's wife must be self confident, and mentally stable to the extent that her thoughts of you are not influenced by others. There will be times that she can't reach you. There will be times that you can't make it home like originally planned. You can't keep a truck from breaking down where they can't get the part for 2 days. Does she have a lot of girlfriends who are a negative and already creating problems in your relationship? If so, you are likely not to be a good candidate for a career in trucking. These are the realities of a career change into the world of trucking. This is a brief cover of the information to help you decide if you are the right person to pursue a career change truck driver. I will be posting other information here as time permits. For now I need to jump in the drivers seat so that I make an on time delivery It is almost impossible to paint the diversity of Germany with so many various and vivid colors in just one canvas.
Located centrally in the continent of Europe and fortified Denmark and the North Sea on the North, east by Poland and Czech Republic, to the south by Australia and Switzerland, and to the west by France, Luxemburg and Belgium, German art music and architecture had a profound influence on world civilization. People interested in online casino gaming, arts, music, history, or simple scenic beauty from the 12 thousand strong crowd visiting Germany every year. The summer months May and September witnesses an influx of maximum tourists, however, skiers prefer the winter months of November, to early March. The most comfortable way of touring Germany is through autobahnen which is the famous motorway network of Germany. However Germans mostly prefer cycling to any other modes of transport, mainly to save cost and avoid parking nightmares. Berlin the capital city of Germany, which attracts huge crowd every year, offers a wonderful combination of history, architecture and modern cosmopolitan life. The white sand beaches of the Baltic and North Sea makes it an ideal destination for a perfect romantic holiday. The city of Heidelberg towards the southern part of Germany is the house to the famous castle ruins, gothic architecture and magnificent cathedrals. Frankfurt another important city of Germany is known as the "Manhattan of Germany" because of the American flavor predominant in the city, Frankfurt is the financial capital of Germany boasts of a classy and artistic population. The area around Saarland is famous for its adventure tourism and fun activities History can be witnessed and its magic felt in almost all lanes and bylanes of Germany's major cities. Right from the renaissance architecture at Schloss Weesenstein, the birthplace of the father of "communism", the ruins of the Nazi camps, to the vibrant new scientific world of automobiles, aspirins and Mp3s, Germany has everything laid out for the eternal knowledge seeker. Festivals of every country give a tourist a special opportunity to feel the pulse of that particular country, for visitors to Germany Oktoberfest offers that unique opportunity. People from around the globe gather in Munich during the last days of September to enjoy the spirit and the traditional beer made for this occasion. The year however begins with the three hallowed kings festivity in January, February brings in the month of festivity with the Carnival (Fasching). As spring bids adieu to winter Germans dedicates this month to the messenger of spring-the kids with the festival of Spandau. Besides the traditional festivals Germany is abuzz with different kinds of music, sports fashion and film events throughout the year. 2009 is a special year for visitors as Germany celebrates 20 years of" the fall of the Berlin wall" A tour through the lanes of Germany not only enriches our mind, or soothes our senses, but also teaches us great lessons in determination and courage, which makes the trip worthwhile and an unforgettable experience. |
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