Comments on: Funny math video-are you cheating yourself? http://www.akosiallan.com/funny-math-video-are-you-cheating-yourself/ by akosiallan.com Sat, 07 Jan 2012 03:45:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Trevor Rapose http://www.akosiallan.com/funny-math-video-are-you-cheating-yourself/#comment-243 Trevor Rapose Thu, 06 Jan 2011 17:21:36 +0000 http://www.akosiallan.com/funny-math-video-are-you-cheating-yourself/#comment-243 Hahahaha Epic! Hahahaha Epic!

]]> By: Rich Money Habits http://www.akosiallan.com/funny-math-video-are-you-cheating-yourself/#comment-242 Rich Money Habits Sat, 27 Feb 2010 18:55:25 +0000 http://www.akosiallan.com/funny-math-video-are-you-cheating-yourself/#comment-242 @Fern, precisely the point. Using numbers may sound an exact science but without knowing what the numbers really mean, you still end up confused...or worse you end up convincing yourself to believe what you want to hear even when the other person actually meant something else. @Fern, precisely the point. Using numbers may sound an exact science but without knowing what the numbers really mean, you still end up confused…or worse you end up convincing yourself to believe what you want to hear even when the other person actually meant something else.

]]> By: Fern Alix LaRocca CFP® http://www.akosiallan.com/funny-math-video-are-you-cheating-yourself/#comment-241 Fern Alix LaRocca CFP® Mon, 15 Feb 2010 23:13:26 +0000 http://www.akosiallan.com/funny-math-video-are-you-cheating-yourself/#comment-241 This reminds me of the Beardstown ladies money club where they claimed they were doing x amount return when they didn't really because they had not calculated it correctly. I see that a lot. There are all kinds of ways of calculating return and you must know the difference between time weighted returns, real rates of returns, inflation adjusted returns, compounded annual rates of returns, etc. If you don't know--- ask. This reminds me of the Beardstown ladies money club where they claimed they were doing x amount return when they didn’t really because they had not calculated it correctly. I see that a lot.

There are all kinds of ways of calculating return and you must know the difference between time weighted returns, real rates of returns, inflation adjusted returns, compounded annual rates of returns, etc. If you don’t know— ask.

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