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I just read this article — Don’t visit just yet, as its a complete waste of time, insults even a morons intelligence and really is just plain DUMB!
Want Proof? Check it out After your done reading this. Article.
Some articles are simply created for content and add no real value other than providing a platform for advertisers. This fits that category.
The article, entitled, “Personal Finance: 20 Do’s and Dont’s for 2009″, could have better been named: “Keep doing the same things that keep you broke and make others rich”
The list includes things like:
Save 12k per adult or 9 months living expenses.
Diversify. (That’s a new one)
Invest Internationally. ( oh, OK?)
Don’t take on more risk than you can handle. (Thanks!)
Don’t follow the Herd. ( What Herd?)
Don’t invest in things you don’t understand?
Basically a list of oxymoron’s and conflicting thoughts, this article has to be on of the dumbest finance articles I’ve ever read. I mean how can you say contribute to a 401k AND don’t invest in what you don’t understand? You can’t, and not expect people to say… Wait a minute?…WTF?
You don’t under stand a 401k, Quit posing, pretending, and being cool, you think a 401k is a savings account that “satisfies” the “diversify” chant, all the while diluting yourself with the idea that “This is what we are supposed to do”. If that isn’t following a hear I don’t know what is. The 401k is the fence that comforts the biggest herd on the planet and facilitates non thinking, uninformed investors!
Maybe including “Try thinking for change” could have been added to the list. Or “Start a small business“ or “Invest locally“…
Maybe networking with entrepreneurs who are starving for start up capital and collaboration is a smart idea? What do you think? Investing in small business is right in your face investment opportunity that makes sense, if not, what does?
Truth of the matter is, if your not running your life like a business these days, your making someone who is, rich. Converting earned income into passive income is the most common way for people to develop financial freedom. Its a simple idea and when its made to look complex, run the other way.
The “Leave it long term” Chant, even from Warren Buffet is getting a bit redundant and outdated. A closer look would reveal that as a false strategy. Common sense says the possibility for increased market share should be tops on the list of a good investment. I mean is how much growth is Coca Cola going to experience, even if they move into the healthy drink market?
Not Much!
Sure a Company that has a PRIMARY focus of INOVATION, could be good “long term” candidate, but anything else is NOT.
Change, Innovation, and new is what drives the economy today, not “fortifying the market” and “branding”…. The speed at which a solid company turns out useful products is a great segment to measure when determining a quality investment option?
What are your thoughts?
{ 3 comments… read them below or add one }
Thanks, outsourcing my financial future neve quite sounded right. But finding decent options does take work. Investing in what you know sound simple, but in practice it takes work.
Great post…I guess when a person doesn’t do their home work, that’s what they end up with.
I agree that everyone should invest in small business from both an operational and a consumer perspective. Small business is the foundation that breeds larger business. Not only do consumers get better quality products, they can take relief knowing their dollars are staying in their community and not into some fat cat’s pension plan.
Anyone who has a small business that is struggling, I recommend spending a few moments to care about your previous customers and thank them for their business and let them know you’re available in ’09. This is the upper-hand that entrepreneurs have compared to large corporations — customer service.
~Joe
Joseph Manna, Infusionsoft’s last blog post..Small Business Predictions for ‘09