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re: Various Financial Questions
Posted on 1/4/13 at 12:10 pm to BennyAndTheInkJets
Posted on 1/4/13 at 12:10 pm to BennyAndTheInkJets
Of course, I have my own take on this particular allocation but will have to follow up later when I'm not at work.
Not that Benny is somehow "wrong", it's more that if you ask ten financial advisers their opinions you will get over a dozen valid answers in addition to the invalid ones.
Regarding "playing with stocks" - I think it's a good idea to do this early in one's investing career. The usual result is that you will do reasonably well initially, then get overconfident and bet way too large and lose the shirt off your back. It is far better to learn this early while the money involved isn't that much instead of after retirement when you're bored and rich.
Not that Benny is somehow "wrong", it's more that if you ask ten financial advisers their opinions you will get over a dozen valid answers in addition to the invalid ones.
Regarding "playing with stocks" - I think it's a good idea to do this early in one's investing career. The usual result is that you will do reasonably well initially, then get overconfident and bet way too large and lose the shirt off your back. It is far better to learn this early while the money involved isn't that much instead of after retirement when you're bored and rich.
2
Posted on 1/4/13 at 12:22 pm to foshizzle
quote:
Regarding "playing with stocks" - I think it's a good idea to do this early in one's investing career
fwiw, I am VERY frugal with my money... It is something I would like to learn and I doubt I would ever take BIG risks.
I don't go out and party or hit the casinos, so I figure putting that money that I would spend in a night of doing that and having a little fun with it in the stock market wouldn't be a bad thing
Posted on 1/4/13 at 12:27 pm to foshizzle
quote:
Not that Benny is somehow "wrong", it's more that if you ask ten financial advisers their opinions you will get over a dozen valid answers in addition to the invalid ones.
I'd hope that everyone had different allocation suggestions. Otherwise that would mean everyone had the same market expectations as I did and I would have no room to make money. I would be very interested in your allocation suggestion though, it's always great to see how others see what's going on.
quote:
The usual result is that you will do reasonably well initially, then get overconfident and bet way too large and lose the shirt off your back.
And thus is the life of the average retail investor.
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