Monthly Archives: August 2017

The Brains Behind the Investment

It may, at first, seem a strange relationship, but neuroscience has allowed us to better understand how the brain works and how decisions are made. This is key to understanding investment decisions, so, when viewed in this light, it is a perfectly natural connection to make.

Studies on risk: the investing brain

A recent U.S. study looked at the effect of different levels of monetary risk on the human brain. 61 participants were asked a variety of questions such as “Would you prefer a 50 percent chance of receiving $5 or would you rather take a 13 percent chance of winning $50?” and “Would you prefer $10 for sure or a 50 percent chance of receiving $50?”

It was found that the make up of the gray matter of participants’ brains contributed to the levels of tolerance to risk; the more gray matter in the right posterior parietal region of the cortex, the riskier the responses.

While this study has some interesting findings, it is limited and its major importance is in demonstrating the types of relationships that are currently being investigated through neuroscience. This is a taste of things to come, as scanning methods become even more advanced and more specialists are able to interpret the data.

This coming together of economics, neuroscience and psychology has given rise to ‘neuroeconomics’, which has advanced the understanding of economic decision-making.

In the past, economic models have been designed with little understanding of how the human brain works. Predictive models were designed by economists who understood the mathematics very well, but the models would repeatedly fail due to a lack of allowance for human behaviour.

Understanding more about how the brain influences decision-making and thus behaviour is therefore a major breakthrough as economists can include more realistic models of choice.

The choosing brain

Studies have helped to demonstrate that people generally become more risk-averse as they age; and this would seem to correspond with a thinning of the brain’s cortex in older age.

This has consequences for important financial decisions that aging people need to make like choosing the most suitable retirement or health plan; even the most intelligent older adults can make errors and can lose money through very simple mistakes in the selection process.

Traditional models can now accommodate more of what we know about the decision-making of aging brains, for instance, by providing clearer options and simplifying the process of making financial choices. By presenting options in such a way that it plays to the strengths, not weaknesses of the brain, makes it less likely that expensive errors will be made amongst the elderly. It also reduces the need for a ‘trial and error’ type of approach, making policy design better.

The trading brain

Another area of economics that has come under the microscope from neuroscience is trading. The interest in what is going on in the brain when traders make their decisions to buy or sell is not surprising, given the huge stakes.

A U.S. study earlier this year looked at trading success and how it was associated with areas of the brain associated with reward and response to gut feelings.

One of the findings from the study was that an area called the ‘nucleus accumbens’ (associated with reward) was more active and excited when prices rose; the second key finding was that the more successful traders received signals from the ‘anterior insular cortex’, which is an area that is active during bodily discomfort and unpleasant emotional states: like an in-built warning to sell before a bubble bursts.

Send Money Abroad In An Efficient Manner

If you don’t take enough care, it may cost you much more money, as most people are oblivious to the hidden fees. Let’s find out more about how to make the process safe and cost effective.

For sending money overseas, you will have to bear two types of costs: the currency conversion cost and the cost to transfer the money to your desired country. The service provider can be an FX broker, a bank or a money transfer company. The thing is that they don’t convert one currency to the other on the basis of the inter-bank rate. Instead, they make the exchange at a lower rate making a good deal of profit. Give below are a few tips that may help you go through the process efficiently.

Foreign Exchange Brokers

Acting as intermediaries, foreign exchange brokers deal with a lot of banks and provide the best exchange rates. While their primary role is to convert currencies, they can also help you send money abroad for a reasonable fee.

While this option is cost effective, especially if you want to transfer over $5000, the process can take longer to complete. Choose this option if you don’t have to send your funds abroad urgently.

Commercial Banks

Banks are the most common means of international money transfers all over the world. However, the fact of the matter is that banks are known for charging hidden fees for money transfers, and the fees will continue to go up as the amount of money that needs to be transferred goes up. But the advantage of using a bank to do this job is that banks are considered the safest way of transferring money abroad. So, if you are planning to do the transfer through a bank, make sure you choose a bank that charges a minimum amount for transfers.

Money Transfer Providers

If you want to send less than $5000 to someone in another country, money transfer providers is probably your best option. They are best in terms of cost of transfer. Typically, they offer bank-to-bank transfers. You can also find some providers who allow you to receive cash at cash pick-up branches.

Online Money Transfer

These service providers allow you to send money abroad charging a minimal fee. Usually, they charge just $1 extra for the transfer. Some providers don’t even charge this fee.

These providers are regulated by the financial authorities of the same country they operate in. They use the state-of-the-art financial technology for sending and receiving funds. So, you can count on them with your eyes closed.

With online money transfer, you don’t need to visit a financial office. All you need to make the transfer is a computer and a fast internet connection.

So, before you choose any of the three money transfer services mentioned, do your homework and compare them with each other. You can go with the one offering best services at the lowest cost.

Money Depletes Resources

If you were God what would you say to humans standing before you and awaiting your judgment? Would you ask why metals are more important than breathing, or why electricity extracted from coal is more important than food? Perhaps you might ask why so many hate their grandchildren and the future that could have been but will never be because this generation didn’t care.

One thing reigns supreme over the man-made world of destruction – Money. If you were questioned by god, what would you say in return? Perhaps you would answer that without money you could not survive in a world that is dependent on it. You might say that the food in the jungles you are helping to cut down is not adequate for your taste. Then again you might argue that you need the electricity to see and the coal to keep warm.

But what if God reminds you that money has only been around for 2,000 years and that trade and commerce are the result of the second beast of Revelation, who is Constantine? You might then learn that it was he who invented the Catholic Church, Jesus Christ, and the economic system; that it was he who blinded and deafened you to the facts because he forced everyone to worship his gods.

Sometimes we need to reflect on these past events to understand where we are and why we are here. In my case I have an advantage because of memory of reincarnation and knowledge that we have all lived before. That wipes out the religious belief of heaven and hell, as well as devil, angels, and saints.

The spirit lives beyond the grave and is reborn some 7 times, according to Job 5:19-22. We are told that in the last days the graves will give up their dead in Isaiah 26:19. We are also told in Isaiah 45:4-8 that there is only one God and nothing or no one else. That means the Trinity, which was introduced by Constantine, does not exist.

Then why are we here and what is life about? Why do we suffer and lose loved ones? Why are things so hard to do and sometimes seem impossible? Why should we make an effort to be successful?

The answers are in the bible and there is one in prophecies are the explanations. A group called the Children of Israel are put through the fires of refinement to produce perfection at the end of the day. That time is now and they are blossoming with spiritual gifts that include miraculous healings and peace beyond knowing.

There is no judgment of anyone because we have all done what was required of us. Only the spiritual people are meant to survive the devastation that is coming and only God knows who they are.

While the rest continue to use money to deplete resources, pollute the environment, make wars, and cause hardship for many they are like the soil in which God’s plants have grown.

Be Free From a Poverty Mental Stronghold

If you feel you might have a poverty mental stronghold keeping you from your earthly wealthy place and you want to be set free, then this article is for you.

Gary was a Christian who had been taught in church that it was good to worship and serve God, but to have an abundance of “things” was not acceptable. The “prosperity message” was taboo. However, he eventually discovered that according to God’s Word, financial prosperity was the Christian’s inheritance and we are blessed to be a blessing.

“Beloved, I wish above all things that thou mayest prosper and be in good health, even as thy soul prospereth” (3 John 2).

So Gary began to implement all the prosperity truths he had learned, but instead of getting out of debt and enjoying the abundant life, he continued to flounder financially and stayed in debt. Fortunately, one day the Lord revealed to him the problem. All the earlier teaching on how it was wrong to seek prosperity had become a poverty stronghold in his mind that kept him out of his God-ordained wealthy place. The Lord revealed to him how to destroy that stronghold with God’s mighty powerful weapon, the Word of God.

“Is not my word like as a fire? saith the Lord; and like a hammer that breaketh the rock in pieces” (Jeremiah 23:29)?

The Lord’s instructions were simple. To destroy the stronghold of poverty in his mind, he was to speak three scriptures out loud four hours a day until they dropped down into his heart and became reality. This would set him free from the stronghold of poverty holding back his God-given prosperity. Here are the three prosperity scriptures the Lord instructed him to speak out loud:

“The young lions do lack, and suffer hunger: but they that seek the Lord shall not want any good thing” (Psalm 34:10). “For ye know the grace of our Lord Jesus Christ, that, though he was rich, yet for your sakes he became poor, that ye through his poverty might be rich” (2 Corinthians 8:9). “But my God shall supply all your need according to his riches in glory by Christ Jesus” (Philippians 4:19).

Am I saying you must spend four hours a day speaking out loud these promises to destroy any poverty stronghold you might have? No. How much time you spend a day declaring these prosperity promises is up to you. But I will say this, the more time you spend doing it, the quicker the results.

I suggest starting out with fifteen minutes a day and increase it to one half hour or more. Gary said that within three weeks he noticed a difference in his life and eventually he was free from the poverty stronghold that held him captive. He got a revelation that God was his source and not his job, the government or anything else.