Investment

Dave Ramsey’s Awful Advice

Dave Ramsey’s Awful Advice

If you’ve been reading this blog, you know that I am not a fan of gurus. Gurus are usually people with an easily-understood message that appeals to the desperate and inexperienced. Unfortunately, more often than not, key parts of the advice they give is harmful to the financial well-being of their adherents. This is especially true of ultra-popular faith-based financial guru Dave Ramsey.

Get Rich With Patience

Get Rich With Patience

As I write this, the US markets have just closed down about 2.5% for the day, and about 9% down for the year so far. Though I have written on this topic before, it bears reiterating: Our successes or failures are born in times of adversity. Your future wealth is contingent on your ability to stay the course despite terrifying media proclamations that somehow, someway, this correction is worse than any of the countless corrections that have come before.

Your Financial Advisor is Ripping You Off

Your Financial Advisor is Ripping You Off

Yesterday, the New York Times published a story (NYT has a paywall, get past it by googling the title of the story – “More Protection For a Nest Egg Has Some Brokers Upset” – and clicking the link from Google) about the financial services industry’s response to a proposal by the Department of Labor. The proposed rule would require that all financial advisors place their customer’s interests ahead of their own when providing investment advice.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close