A Christmas message
Is seasonal giving really a good thing? Economist Tim Harford has come out in praise of Scrooge, pointing out in a blog post that the famous miser from Dickens’ A Christmas Carol didn’t waste money on inessentials. This means more goods or services may be available for others, Harford suggests.
Men versus women
Men are still worse at investing than women – although we all fare badly when compared to index fund performance. A review found that male investors lost 1.8% over 12 months, including fees and dividends, while women lost 1.4%. The S&P 500 index lost 1.1%. And those who traded shares more actively lost most of all.
Ever struggled to stop automated “direct debits” going out of your bank account? New York Times writer Ann Carrns says it is key to inform the company involved, then send written confirmation to the bank too. Even if money is still owing, a company needs permission to debit an account, she says.