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Are You Ready to Order? Only if the Price Is Right Index Funds Are an Easy Fit for Your Investment Mix, Financial Planner Says

Wash Your Hands: Handling Dirty Money May Make You Naughty

By BetterInvesting, Empowering Investors Since 1951 On November 15, 2012 · Leave a Comment · In Investing, Personal Finance

on stock marketPawing filthy cash leads to greedy, selfish actions — even cheating — while handling clean bills promotes good Scout behavior in the marketplace, according to research published in the Journal of Personality and Social Psychology.

“In one experiment, the researchers asked participants to name their price: how much they’d have to be paid to perform various immoral acts like ‘stick a pin into the palm of a strange child’ or ‘cheat when playing cards with strangers.’ The dirty cash group showed the lowest moral standards, demanding less money for unfair and harmful acts than the clean money group,” Forbes contributor Sebastian Bailey says.

A Better Financial Future for Less than a Nice DInner Out

Researchers Qing Yang, Xiaochang Wu, Xinyue Zhou, Nichole L. Mead, Kathleen D. Vohs and Roy F. Baumeister conducted their studies at a Chinese farmers’ market and through economic games in a laboratory setting.

“The researchers speculated that dirty money acts as a subliminal prime towards dodgy dealing and ill-gotten gains. While clean money comes straight from the treasury and is associated with law and upstanding economic behaviour, filthy cash suggests an illicit past, and therefore triggers us to pursue selfish goals and unscrupulous gain,” Baily writes.

Of course, many of us barely handle cash, so the question then focuses on the moral implications of clean or dirty plastic cards…

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BetterInvesting is a national nonprofit organization that has been empowering individual investors since 1951. Founded in Detroit, the association (formerly known as National Association of Investors Corporation) was born out of the conviction that anyone can become a successful long-term investor by following commonsense investing practices. BetterInvesting has helped more than 5 million people become better, more informed investors by providing webinars, in-person events, easy-to-use online tools for analyzing stocks and mutual funds, a monthly magazine and a community of volunteers and like-minded investors. For more information about BetterInvesting, visit its website at http://www.betterinvesting.org/investing/landing/openhouse/blog/index.html or call toll free (877) 275-6242.

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Tagged with: Business & Finance • individual investors • investing • Investing Education • Investing News • Long-term Investing • personal finance 
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  • Yes, Play With the Nice Bull, Just Don’t Go Crazy
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