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Money

72 STASHED IDEAS

A new study involving 788 participants showed that those who donated money were happier than people who kept the money for themselves. Those people who opted for prosocial rather than personal spending were most happy when this decision was made for them.

But those who changed from keeping the money to donating it had the greatest happiness boost.

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Money

psychologytoday.com

  • Inflation leads to a decline in the value of money. “Inflation means that your money won’t buy as much today as you could yesterday.”
  • If the prices of goods rise. the same amount of money will purchase a smaller quantity of goods.
The comfortingly handy corner shop
  • The British corner shop dates back to Victorian times and represents a humble but steady trade.
  • While there are obviously national/regional variations in set-up, the corner shop surely serves a universal, relatable need. Most of us have grown up around the comfortingly handy corner shop. These family-run shops are good for impromptu ingredients or sweets.
  • When so much suddenly changes about everyday life, we’re still innately drawn to whatever seems most familiar. The ubiquitous local store has emerged as a comforting landmark amid the chaos of the pandemic.

The ideas in "The wealth of nations"(Adam Smith) provided the seed for the concept of GDP and altered the importing and exporting business.

Before, countries declared their wealth based on the value of their gold and silver. Smith argued that countries should instead be evaluated based on their levels of production and commerce. This concept was the foundation for creating the GDP metric for measuring the wealth of a country.

Besides tax-loss harvesting and repurchases, and investors putting cash bonuses into the market, the January Effect is affected by investor psychology.

  • Some investors feel that January is the best month to begin an investment program.
  • Others think that mutual fund managers buy top performers' stocks at the end of the year and dispense questionable losers for appearance sake in the year-end reports.
  • Year-end sell-offs attract buyers interested in the lower prices.

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