Have you ever looked back at an unexpected event, really thought about it and figured you could have predicted what was going to happen based on what was occurring just before it? Sounds like the pretty logical way to look at things because you can learn from the past and figure out what indicators to…Read more Hindsight Bias: Did You Really Know It All Along?
You've undoubtedly heard the phrase "If so and so jumped off a cliff, would you?" at least once in your lifetime, and no doubt it was said to you by someone older and wiser. The lesson to be learned by this phrase is that you shouldn't always follow the herd and cave in to peer pressure;…Read more Herd Mentality: If Your Friends Jumped Off A Financial Cliff…Would You?
It's a common fact that we like to stick with what we know, and the very same could be said for the groceries we buy, week in and week out. The Guardian reports that the average household spends £56.80 a week on food and drink, but are we spending each and every penny wisely? There are…Read more 3 Branded Items in Your Grocery Shop That You Can Probably Get Cheaper
Panic buying is an interesting phenomenon which occasionally sweeps the UK, and threatens to plunge the country into a roiling nadir of despair on a semi regular basis. The term refers to when a threatened shortage or price hike for a certain item is popularized in the media, and then people start buying the item…Read more Why do we panic buy? A look at why we splurge and purge
We thought we'd do something a little different with this post and talk about five commons terms in the investment world, and ask the average layperson off the cuff if they can figure out what these terms mean. This is a handy look into the psyche of the beginner investor and see if these terms…Read more 5 Stock Market Terms: What They Really Mean vs The Layman’s Interpretation
If you're a savvy investor, then you most definitely do your research before you invest in a fund - or do you? Do you know whether you are taking in all possible sources of information and acting accordingly? Confirmation bias is a psychological phenomenon which can lead us in the wrong direction and hinders us…Read more Confirmation Bias: Do We Really Know What We Need To Know?
Have you ever been going about your daily business in the shops and found yourself sucked in by a sale that brandishes the tagline: "For a limited time only!"? Have you ever been idly looking at an item online and then ended up buying it because a pop up screams there are only two left in…Read more Loss Aversion: Not Wanting To Miss Out Can Make You…Miss Out
Do you ever find that whenever you go to your favourite restarant, you always end up ordering your favourite dish? It's no secret that people like to stick with what they know - it's a useful time saving shortcut that we use in our everyday lives because we know for sure that the result is…Read more The Familiarity Effect: Why You Might Be Taking Unnecessary Risks
Let's face it, one of the worries people have when considering obtaining financial advice is how much it will cost, and whether it'll be proportionate to the pot of money we have. The Chancellor, Phillip Hammond, announced back in November that an allowance would be provided to allow individuals to withdraw funds from their pension…Read more Pension advice allowance comes into force in April
In our previous posts, we covered what we think are the 3 most established robo-advisors in the UK market. We'll now take a look at a few more than have entered the market, which has now become a very competitive arena. Scalable Capital Just like Nutmeg, Moneyfarm and Wealthify, Scalable Capital uses ETFs, which invests into…Read more Robo-advisors: best of the rest