Archives of “social issues” tag

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Where the Wealthy Are Putting Their Money?

  
  Education
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The new “World Wealth Report” for 2015 was released last week fromCap Gemini and RBC Wealth Management. The focus is on the population of high net worth individuals, or HNWIs as the report calls them. The report, based on a survey of more than 5,100 wealthy people in 23 major markets, is packed with fascinating data and graphics.

You are probably familiar with some of the key themes and findings:

• Tremendous amounts of wealth have been accumulated during the past five years.

• Much of this wealth is concentrated in the top 1 percent; and a large share of that wealth is concentrated in the top 1 percent of the 1 percent.

• The very wealthy have a disproportionate impact on policy, investing and the economy.

No big surprises there. However, some of the specific data points were intriguing:

– The global HNWI population is 14.65 million, with total wealth of $56.4 trillion.

– The U.S. HNWI population is 4.68 million, with total wealth of $16.23 trillion.

– The U.S. as a region is ranked first for HNWI wealth and second for HNWI population, behind the Asia-Pacific region.

Here are a few other points worth considering:

 

Continues here: How Rich Are the Rich?

Successful, positive people have different brain connections

  
Analysis, Education, Video
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Scientists have for the first time observed a connection between particular brain centers and the presence of talent, success and positive lifestyle choices in people. The fMRI technique opens the door to extensive research which could improving human cognition.

The research was undertaken by the University of Oxford’s Centre for Functional MRI of the Brain (FMRIB). It took a large sample of 461 individuals, and crossed them with 280 behavioral traits, as well as demographic, traits – including language, vocabulary, education, income and others.

 

 

The initiative was part of the $30 million Human Connectome Project (HCP), funded by the US National Institutes of Health, aimed at studying the neural pathways of the brain. In this particular study, the Oxford team wished to create an average map of the brain’s processes.

“You can think of it as a population-average map of 200 regions across the brain that are functionally distinct from each other,” Professor Stephen Smith of Oxford University, said.

“Then, we looked at how much all of those regions communicated with each other, in every participant.”

The resulting maps, which the scientists called connectomes, included 280 behavioral and demographic traits for each subject. Compiling all data, a ‘canonical correlation analysis’ was able to establish correlations between the two data sets.

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Manifesto For 2015

  
Analysis, Education
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Manifesto For 2015
 
Government has no right to confer economic benefit.
The benevolence of individuals, not government, creates a just community.
Rich and poor share responsibility to build society.
The greatest philosophy of governance is the balance of executive, legislative and judicial authority.
Civility is a worthy goal.
Government is incompetent in most areas in which it is currently active.
Theocracy kills.
Our challenges are planetary.
Humans are lonely without animals.
Glorifying thugs is civil suicide.
Union members are not the only people who work. 
Be circumspect in speech, for sowing wind reaps the whirlwind.
Propaganda attacks reason.
Wealth is a great good.
Benevolence is a great good.
Achievement is a great good.
The family is a great good.
Friendship is a great good.

Important Questions That Every Trader Must Answer

  
  Education
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  • What can I win?
  • What can I lose?
  • What do I know?
  • What don’t I know?
  • Why am I making a given decision?
  • Who am I? Am I, for example, the guy who needs to make $100,000 this year or my family leaves me?
  • Where am I in relation to my goals?
  • Where do I need to be to achieve my goals?
  • When will I start? Now or tomorrow or next year. Knowing when affects the next step I take.

One of the great things about the market is that it doesn’t give a damn about you. The market doesn’t care what color you are or if you are short or tall or if you live or die. The market doesn’t care whether you play or leave.

54 +1 Things About America You May Not Know

  
Analysis, Education
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READITIs America the greatest nation on the planet?  Before you answer that question, you might want to check out the statistics that I have shared in this article first.  The reality is that the United States is in a deep state of decline, and it is getting harder to deny that fact with each passing day.  Mentally, emotionally, physically, spiritually and financially we are a train wreck.  Many that are “patriotic” attempt to put a happy face on our growing problems, but the truly patriotic thing to do is to admit just how bad things have gotten so that we can start finding solutions. 

If you truly love this country, then you should know that this nation needs a huge wake up call.  We have abandoned the values and the principles that early Americans held so dear, and as a result our society is a giant mess.  The following are 55 things about America that you may not know…

#1 We are supposed to have a government “of the people, by the people, for the people”, but only 25 percent of all Americans know how long U.S. Senators are elected for (6 years), and only 20 percent of all Americans know how many U.S. senators there are.

#2 Americans spend more on health care per capita than anyone else in the world by far, and yet we only rank 35th in life expectancy.

#3 Only one state in the entire country has an obesity rate of under 20 percent.  11 states have an obesity rate of over 30 percent.

#4 Of all the major industrialized nations, America is the most obese.  Mexico is #2. (more…)

Mera Bharat Mahan -75% rural households earned below Rs 5000

  
Analysis, Education
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The highest earning member in about three-fourths of all rural households in the country made less than Rs 5,000 per month, according to the Socio Economic and Caste Census (SECC) 2011 released today.

As per the Census data, there were 13.34 crore or 74.49 per cent households where “monthly income of highest earning household member” was below Rs 5,000 a month.

There were only 1.48 crore or 8.29 per cent of rural households where the monthly income of such member was Rs 10,000 or more.

Further, the number of rural households with a salaried job was only 9.68 per cent.

Of these, 5.02 per cent were in government jobs, 1.12 per cent were employed in public sector and the remaining 3.58 per cent in private sector, the data said.

The Census was carried out in all the 640 districts of the country using 6.4 lakh electronic hand-held devices, the government said while releasing the socio-economic data for rural India. (more…)

Trading Difficulties -One Liners

  
  Education
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Trading Difficulties

  • Cut winning trades short even though you know your trade setup is solid.
  • Failed to pull the trigger on a perfectly good trade because of fear of loss.
  • Let losing trades run hoping for a return to breakeven.
  • Added to a losing position in the hope that the market would turn around.
  • Made profi ts in the morning but gave them back in the afternoon.
  • Became more aggressive after losing money.
  • Took unplanned trades when the market suddenly moved.
  • Stopped trading or reduced position size after a loss.
  • Traded greater position size than prudent money management practice would advise.
  • Held trades longer than they should have been held looking for a “home run.”
  • Failed to take a perfectly sound setup because the last two trades were losers.
  • After a day of big profits, your confidence soared and your trading suffered.
  • Consistently made small money but have been unable to elevate your trading performance.

These trading difficulties hurt. They not only hurt your account, but they also cause mental and emotional suffering. No other profession tests your psychology as does trading. These difficulties and unskilled trading behaviors arise from the underlying mental and emotional challenges traders face.

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