The Online Investing AI Blog

Summer is heading into the home stretch.

We’re going to keep the temperatures high here, though. Here are some great links on personal finance and self-improvement.

One of the struggles most investors face is taming their emotions. Free From Broke offers dollar cost averaging as one remedy to emotional investing.

Simple Trading System caught this: BP is selling assets to Apache.

It’s kind of like a McMansion for a hobbit. Man finds contentment in an 89 square foot house, courtesy of Faithful with a Few.

This could be a demographic time bomb. Finance Samurai points out that there are now more senior workers than teen workers.

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Pic by woodleywonderworks @ Flickr

Conventional wisdom is usually not conventional and not really wise. It’s often an agreed-upon lie, at worst, or an excuse to keep trying to do the same things over and over again.

It’s a mass-thinking rut, often.

You can find examples of conventional wisdom everywhere–at work, at schools, and at the town hall. But, if you really want to see conventional wisdom at work, check out the world of investments and personal finance.

How can you tell when conventional wisdom is at work? When you hear the same debate or argument over and over again, chances are you’ve stumbled on a conventional truth.

Conventional wisdom doesn’t have to be a thought that is believed by all of  the population. Different groups have different conventional truths. Ironically, these bits of conventional wisdom can be exactly opposite of someone else’s conventional truth.

And the other problem with conventional wisdom is it leads to fatalism. You believe the conclusion of a certain “truth” is writ in stone, simply because it’s the conventional truth of so many people.

An open mind is the cure for conventional wisdom.

Here’s one way to exercise that open mind and break through the walls of conventional wisdom.

What you do is to define some challenges that are part of conventional thought–things you hear in the mainstream media, or talk about with your friends. Then, write down some options that will contradict their conclusions, or change the game entirely. Try to make them positive. Here are some of mine:

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Pic courtesy s_husson @ Flickr CC

I’ll start off our weekly collection of wise posts with a question: why do we call these “lessons.” Aren’t you learning more? Then, shouldn’t the right word be more-ons… oh, maybe that explains it.

Anyways, I’ve scoured the web this week to find some of the best posts on investing and making money. And some other personal financial topics, too.  Please feel free to peruse and click.

Also, I get email after email asking me: why didn’t you include my post? “I’m wise,” they say. “I’m interesting. Validate me.” I just want to tell both of you that I included the posts this week. Sheesh.

If, however, you believe your post was wrongly rejected by my scientifically-powered roundup, please include the link in the comment section.

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This week, a lot of this blog’s American friends will be racing around the country, heading back to old hometowns and stuffing themselves silly with calories and carbohydrates. Maybe, somewhere between fighting traffic and contemplating the utter weirdness of humanity while waiting at the airport, they’ll take stock of how lucky they are.

But before you go, though, here’s some food for thought from a flock of blogs. It’s a mash of the best ideas on personal finance and personal improvement that I could find. There are also some suggestions on how to better handle the upcoming holiday season.

Hopefully, it’ll add some gravy to your 2010.

Since I’m out of bad puns, I’ll just pass over the links.

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Futurists say that humanity is on the cusp of scientific and technological discoveries that will change it for ever. Energy, medicine, manufacturing, communication, and investing, just to name a few will alter the way we live.

And it will change the way you make money.

We call it this new economic period the Wealth Singularity. It’s our mission to create the technology and write the guides to help people navigate this new era. But, actually the new future of money is already happening–whether you’re ready or not.

In this edition of Weekly Wisdom, we’ll reveal that people are already embracing this and that new ways to make (and spend) money are being created.

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What do you invest in?

Stocks?

Bonds?

Options and futures?

Forex?

Actually, you don’t invest in assets; you invest in yourself. All those assets are just tools to accomplish that. Here are some web sites and blogs that will help you learn about investing and learn how you can create your own investment style and philosophy.

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I try to spend at least a portion of each day scanning through personal finance blogs–and other life improvement blogs.

It’s amazing what’s out there. In a week’s time, just by reading a post or two a day, you can learn the ins-and-outs about everything from how to start investing in stocks to how to join an organic farmshare to save money and eat healthier.

Here’s a collection of posts that I discovered this week that I think will be helpful on your own journey to unconventional wealth. (Please note: Most of the posts were written this week, but sometimes I stumble across an older post, I may have included that, too.)

Here we go:

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Timujin, a Mongolian child, had been the victim of a string of bad luck.

His father had been murdered. The tribe he belonged to abandoned him on the brutal Mongolian steppes in winter. His family was close to starving.

He wasn’t supposed to live, or become a Khan, let alone become a Khagan (emperor).

But Timujin, or Genghis Khan as history would call him, overcame all those challenges before him to become the emperor of the largest contiguous empire the world had ever seen.

How he did this–and how you can overcome  your own financial challenges–is through guidance based on a set of principles that helped minimize risk and maximize rewards.

This wisdom rests in three simple, but vital ideas.

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