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Posts tagged as:

advice

   

How To Handle Requests For Financial Advice

by Flexo on February 23, 2010. Featured Financial Advice and Advisers 10 comments.

I don’t have to remind myself that I’m not an expert when it comes to money. While my choices have improved over the past few years, I still make mistakes at about the same rate I always have. Even recently, I thought I could outsmart the public and take advantage of Toyota’s recent bad news. ... Continue reading this article…

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Don’t Tell Others How To Spend Their Money

by Outlaw on January 18, 2010. Financial Advice and Advisers 11 comments.

This is a guest article by Outlaw, who lives and works in New York’s financial district and writes on the blog Credit Card Outlaw. I don’t believe in conspiracies. A few weeks ago someone I vaguely knew from college forwarded me an email about how the World Trade Center was likely destroyed by government “beam weapons.” I ... Continue reading this article…

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CNN Will Grade Your Financial Health

by Flexo on May 4, 2009. Money Management 10 comments.

CNN is featuring a short survey to help you determine your level of financial health. The result is presented in a form of a grade from F to A+. My result was an A; I lost points for not having any life insurance. The survey does not ask if there are any dependents. Right now, ... Continue reading this article…

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The Path to Mediocrity: Doing What Works For You and Other Self-Limiting Philosophies

by Flexo on August 20, 2008. Financial Advice and Advisers 18 comments.

General advice for an imaginary average person Personal finance advice comes in many forms, running the gamut from Dave Ramsey’s philosophies on getting out of debt to Suze Orman’s no-nonsense anti-stupidity spending advice. Opinions vary wildly as you stroll down the promenade from the broker, a salesperson, to the financial planner paid by the hour rather ... Continue reading this article…

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Investing Strategy: Set it and Forget It (Except Once Annually for Rebalancing)

by Flexo on August 7, 2008. Investing 10 comments.

It’s very tempting to quickly peek at your investments to see if they’ve gone up or down in the past twenty-four hours. The same technology that makes our lives so much easier, computer software, can drive us insane. It takes almost no effort to log into my company’s 401(k) website. When I’m ... Continue reading this article…

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Would You Ask For More Company Stock In Lieu of a Raise?

by Flexo on August 4, 2008. Investing 6 comments.

Mellody Hobson, the president of Ariel Investments, recently shared her favorite piece of advice to Money Magazine. When I was 22, a friend who is very successful explained to me that no one ever got rich through earned income. “Look at all the great wealthy families,” he said. “From Carnegie to Rockefeller, it was never how ... Continue reading this article…

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Advice From Robert Shiller: Don’t Be a Sheep

by Flexo on July 24, 2008. Investing 2 comments.

Robert Shiller, a professor of economics at Yale University, shares advice about investing he learned in graduate school. One needs to think antisocially to excel in investing, to resist the patterns of thinking that seem mysteriously to arrive simultaneously in the minds of millions of people around the world. People do not trust their own ... Continue reading this article…

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Advice From Bill Miller: Increase Your Money Without Working

by Flexo on July 23, 2008. Investing 3 comments.

Bill Miller, the manager of Legg Mason Value Trust, shares some advice about building wealth. [My father said...] “See this ‘plus .25′? That means that if you own one share of this company today, you have 25¢ more than you had yesterday.” I had come in from mowing the grass for three hours to earn 25¢. ... Continue reading this article…

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