Hindsight bias probably works best when it comes to money. The events that occurred in the past seem to have been more predictable than they really were, and I bet many of you felt it when reading texts explaining how to get rich easily. Well, here comes another such example.

As this table, put together by blogger Kyle Conroy, clearly shows, it would have been far more lucrative to buy Apple stock instead of buying their actual products.

For example, that Apple PowerBook G4 1.0 you’ve paid $2999 back in 2002 is now collecting dust somewhere. If you had spend the same amount on Apple stock at that time, it would now be worth $94334.40. As you go farther in the past, this trade off becomes more and more lucrative, but amazingly enough, Apple’s stock has been doing so well that it works even for newer Apple products. For example, Apple MacBook Pro “Core Duo” 2.0 15″ cost $2499 back in 2006; for that amount of money you could have bought Apple stock which would today be worth $10005.98.

The amazing power of hindsight bias makes this seem like easy money, but future events are harder to predict than they seem. Still, it’s something to think about; perhaps the next time you get the urge to buy an expensive gadget, you could do some investing instead.

[via Gizmodo]

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Tags: aapl, apple, stock

I have seen tons of ads about making money at home through google adwords. They say it is as simple as following a cookbook. Is that true? Has anyone had experiences out there that they can explain how it is so "easy" to make money,with that system? Any other bright ideas,that will not cost me money upfront ?

Great questions! I have also seen and heard a lot of people preach about how easy it is to make money with Google AdWords… What many of them fail to tell you is how much it can cost you if you don’t know what you are doing, or exactly how to do it.

Firstly, to make money with AdWords you need to be selling something, or promoting something from which you will receive a commission. You need to understand, AdWords themselves cost you money, they are simply and advertisement. You make money using them by driving traffic to a product or service.

If you have a website already, you can make money with Google AdSense, but that is another topic in itself.

AdWords are fairly simple and step by step to open and create, however, the best course of action is to research and learn as much as possible before jumping in. Google have their very own training system to help you. Search Google AdWords Professional Training. Best of all it’s free.

All said and done, it is not a quick cash system, but used correctly can be very powerful and profitable.

As for making money without upfront cost, you really need to find a quality product or service to sell or promote, and start by promoting through word of mouth, networks, blogs and articles. Then when you have learnt more about AdWords, try paid advertising such as Pay-Per-Click.

Hope this helps.