Link Roundup #85: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. Peter Lynch: Far More Money Has Been Lost By Investors Trying To Time Corrections Than In All Corrections Combined – The Acquirer’s Multiple

Evergreen investing question: when should you buy that stock or mutual fund?

Answer: doesn’t matter, as long as you buy it every month.

That answer didn’t come from me, it came from Peter Lynch, one of the most famous investors in the world. This is what he said:

One of the worst mistakes you can make is to switch in and out of stocks or stock mutual funds hoping to avoid the upcoming correction.

Look at the graph below. It compares two investors: the Lucky Investor and the Unlucky Investor. The lucky one always invests during yearly lows, and the unlucky one always invests during the annual market high.

The difference in return on investment between the two? +8.4% for the Lucky Investor and +7.4% for the Unlucky Investors. So much work (and anxiety) into trying to time the market, for just a measly 1% difference.

That’s why I always advocate for investments you can automate, aka set and forget system. Put away RMxxxx every month, then forget about it. Go earn more so you can invest more. No need timing timing.

2. The gender investing gap isn’t about confidence, it’s about compensation – Too Ambitious

Speaking of investing, let’s talk about gender. It is true that the investment space tends to be male-dominated, but remember:

Men aren’t better investors, they simply have more money to invest thanks to higher incomes, less unpaid labor and access to better benefits.

When women have money, we are just as confident and even better investors than men:

• a recently released analysis from MIT found that investors who are male or over the age of 45, or who consider themselves as having “excellent investment experience,” are more likely to dump their portfolio in a downturn.
• a new Stash analysis found that male Stash customers were 17% more likely to “panic sell” their investments during the early months of the pandemic compared to female Stash customers. In fact, female Stash investors were 63% more likely than men to increase their retirement investments during the pandemic.

These are US-specific data, but the underlying lesson is the same: Learn. Investing. From. Women. Not. Just. Men.

3. RinggitOhRinggit and Her Duit on their best and worst investments, plus tips to start investing – Buro247

On that note, Michelle from Her Duit and I was recently interviewed by Buro247, the lifestyle magazine. We covered:

• how we started investing
• when we took it seriously
• our investing ‘why’
• best investing advice
• worst investment mistake
• best investment move in 2021
• and more

Read our tips in the link above 🙂

4. People with higher socioeconomic status have lower emotional intelligence, especially at high levels of inequality – PsyPost

A series of studies published in Social Psychological and Personality Science found that people of higher socioeconomic status (SES) score consistently lower on tests of emotional intelligence, especially when they perceive high levels of inequality in their community. The researchers suggest that high SES and high subjective inequality promotes increased self-focus and less motivation to attend to others’ emotions.

… Are you surprised tho

5. New Report Reveals What Employees Will and Won’t Tolerate at Work – Inc

I’m not sure if The Great Resignation is also happening in Malaysia, but companies operating in urban areas and MNCs tend to follow Western work trends and culture. In which case, you might also expect certain things from your employers, like flexibility and good work culture.

6. How Do Boundaries and Self-Esteem Affect Your Relationships? – Quick and Dirty Tips

This is a new and fascinating concept for me. In this article, Dr Monica Johnson explains The Relationship Grid(tm), which shows how relationships are affected by varying levels of boundaries and self-esteem.

(Why is this article here? Because your selection of life partner *will* impact your financial life. )

7. If you’re struggling at work, use these tips to tap your true passion – Fast Company

I don’t believe in ‘follow your passion’ (I prefer ‘follow your curiosity’ instead), but this is certainly one way to expand on the phrase, written from a personal point of view. This article might be useful for some of you – it turns a vague phrase into something more relatable.

8. A Linguist Explains There Are 2 Conversational Styles. Knowing Which You Prefer Can Make You More Successful – Inc

The 2 conversational styles are cooperative overlapper and turn-taker. Find out what they are in the article.

But beyond that, I find this little part more interesting.

They did an experiment with female and male actors and asked people what they thought

“Women were judged far more harshly for their interjections.. while men were more often perceived to be simply enthusiastic about the discussion.”

Huh. Every day I find out how we treat women differently than men, for doing the same thing.

9. The Top Online Learning Resources to Boost Your Career – Your Coffee Break

The 4 online learning resources that can boost your career mentioned in the article are:

• Skillshare
• Study Active
• LinkedIn Learning
• The Open University

10. I Made 16 Meals For 2 People On A Food Bank And Fresh Produce Box  – Budget Eats Series by Delish

And last but not least, enjoy this literal movie-length video by June from Delish on cooking with basic and cheap ingredients. I love her creativity, everything she cooked looks so good!

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That’s it for this round, catch you next time! Want to submit a link you thought was great? Reach out to me on FB or Twitter.

To read past link roundups, please click here.