Comments on: Ask The Expert: Company Match http://www.consumerismcommentary.com/ask-the-expert-company-match/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Wed, 23 May 2012 05:55:31 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: thc http://www.consumerismcommentary.com/ask-the-expert-company-match/comment-page-1/#comment-1091 thc Tue, 25 Oct 2005 07:55:13 +0000 http://wp.consumerismcommentary.com/?p=576#comment-1091 You make a valid point except that publications like Money Magazine have convinced less sophisticated investors that they don't need personalized financial advice, all they need do is read their magazine. (Isn't Updegrave on the staff at Money?) To your second point, providers of financial advice *should* be held accountable. That's why it's important that they are experienced and hold credentials. It takes more than just a journalism degree. You make a valid point except that publications like Money Magazine have convinced less sophisticated investors that they don’t need personalized financial advice, all they need do is read their magazine. (Isn’t Updegrave on the staff at Money?)

To your second point, providers of financial advice *should* be held accountable. That’s why it’s important that they are experienced and hold credentials. It takes more than just a journalism degree.

]]> By: Flexo http://www.consumerismcommentary.com/ask-the-expert-company-match/comment-page-1/#comment-1090 Flexo Tue, 25 Oct 2005 07:40:05 +0000 http://wp.consumerismcommentary.com/?p=576#comment-1090 Well, I think the case with any advice column, whether financial in nature or otherwise, is that the advice given is intended to be general in nature, in order to apply loosely to the majority of readers. If the writer wanted personalized financial advice, she should have asked a financial advisor, not a columnist. The problem with financial advice is that if one tells an other to do one thing and then market conditions make that a bad choice in hindsight, people want to hold the advice-giver accountable. Well, I think the case with any advice column, whether financial in nature or otherwise, is that the advice given is intended to be general in nature, in order to apply loosely to the majority of readers. If the writer wanted personalized financial advice, she should have asked a financial advisor, not a columnist.

The problem with financial advice is that if one tells an other to do one thing and then market conditions make that a bad choice in hindsight, people want to hold the advice-giver accountable.

]]> By: thc http://www.consumerismcommentary.com/ask-the-expert-company-match/comment-page-1/#comment-1089 thc Tue, 25 Oct 2005 07:33:24 +0000 http://wp.consumerismcommentary.com/?p=576#comment-1089 It's acutally pretty irresponsible for Updegrave to be dispensing such advice on such little information about the investor. Besides, I don't think Updegrave has any real credetials anyway. It’s acutally pretty irresponsible for Updegrave to be dispensing such advice on such little information about the investor. Besides, I don’t think Updegrave has any real credetials anyway.

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