In my life I have had some wonderful friends and acquaintances and I count my blessings for every one that I have met (and will still meet), the following “Best of” posting is from May… Read More »A parable about advice (not just financial)
About 7 years ago I wrote about Advice: Listen to a Comedian Sometimes, where I pointed out that you get financial advice in some very interesting places. The exact quote that inspired my investing idea… Read More »Financial Advice from a Comedian (redux)
I have had more than one person ask what are financial bloggers good for (hence the title), and I can assure you that the Finance Bloggers that I know are all golden (in my books). Many… Read More »What are Financial Bloggers Good For?
The text criticises some prevalent financial advice today, deeming them as mindless responses to important questions. It highlights examples such as the encouragement of payday loans, purchasing of lottery tickets as retirement plans, the acceptance of high indebtedness, and the justification of excessive Management Expense Ratios (MER) for mutual funds. The author underlines the importance of questioning dubious financial guidance despite how simple or naive these financial queries may seem.
Sometimes folks don’t like it when you tell them something that seems simple to them, but they don’t realize it isn’t that rudimentary advice for others. Nothing is as simple as you think it is, there is always a back story.
