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Most Americans Are Driving Blind When It Comes To Financial Decisions

TedTed
in Fund Discussions
FYI: People often argue that financial knowledge can be acquired with experience. But if the evidence from a new survey index is any indication, that way of learning may, in fact, be very slow or not work well at all.
Regards,
Ted
http://www.marketwatch.com/story/most-americans-are-driving-blind-when-it-comes-to-financial-decisions-2017-05-25/print

Comments

  • CharlesCharles
    Yes, which plays into need for FA, which is OK, if only they charged more by the hour than by AUM. c
  • 275LB_NY_MCPO275LB_NY_MCPO
    Starts at home... by parents... For free!!!
  • beebee
    As a parent, I helped my kids through HS/College...one hot dog at a time...we ran a small business together (from ages 16-22).

    We made enough to fund used cars, Roth IRAs, saving accounts (they called them spending accounts), college tuition, and a few vacations.

    A lot of work, but completely worth it.

  • 275LB_NY_MCPO275LB_NY_MCPO
    YOU ARE MY ROLE MODEL... and I mean that sincerely!!! Imagine if every parent put in the time/effort you did! We would have ZERO need for socialist welfare government programs!
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