Old Money vs New Money You've probably heard of the term " old money vs new money " before and you know the gist of of it. However, in this article we'll try to explore the actual psychology behind this classic expression.  What is Old Money? When talking about expression "old money vs new money", the old money refers to accumulated wealth over a longer time period.  In some cases it can refer to someone getting rich through a lifetime of work, but more commonly it refers to money accumulated through generations within the same family. It means that someone with old money usually inherited it or received it through a trust fund that setup within the family. Recommended Read: Buying on Credit: Meaning, Benefits & Drawbacks What is New Money? New money is an term for wealth that has been recently acquired - be it through a successful startup company, high income professions, lottery winnings or even crime.  In essence, whoever earned new money most lik...

Fear of Regret In this article we cover the investor emotion known as 'Fear of Regret' . Fear of regret can lead investors into making poor investment decisions . Have you ever made an investment, only for the price (of a stock, bond, crypto, etc.) to drop and then you suddenly catch yourself unwilling to sell lower than your initial buy-in price? If that's the case then you might have suffered from Fear of Regret. Keep reading to learn more about it and how to avoid it during your future investments. Recommended Read: How To Stop Thinking About Money What is Fear of Regret? Fear of Regret is based on the ' Regret Theory ', which refers to the human psychology of anticipating regret if they were to make the wrong choice or take the wrong decision. Hence the psychological effect can impact your behavior and result in irrational decisions while investing. People hate admitting their mistakes and sadly this is one of the main drivers of Fear of Regret.  'Fear of R...