Wednesday, February 27, 2008

Today's Column: Investing Basics

To my mind, the most important point in today's Yahoo! column is the distinction between saving, retirement planning, and speculating.
I just don't think it's a good idea to chase double digit returns with the money you need to retire on. There are plenty of safer investments out there.

If I can speak personally for a second, I think of money as a major responsibility. I want to consume and invest my resources in a way that's going to maximize happiness for myself, my family, my community, and the planet. That's a lot of work and I screw it up in big and small ways every day. And making money decisions is only one part of life--you need to leave time for actual work, fun, friends, family, exercise, education, spiritual life, etc.

Or in the words of the Notorious B.I.G: Mo' money, mo' problems.


francisfp01 said...


I tend to disagree, someone below 35 should have a more agressive portfolio, I also think that people buying a house should go interest only and put aside in a mutual fund the difference between interest and principal, maybe put some money into REIT.

francisfp01 said...

I think you have to work smart, no hard.

francisfp01 said...

Dear anya, I think you very bright and truly lovely, don't you think people should take more responsibility for what they do and their inability to look for advice and knowledge?
I personally love the fact we can borrow, that's how you build wealth, only people own inability to manage money is at fault. In France it's very hard to get any kind of loan, and the system is paralyzing the country ability to grow, I don't wish any of it here. People need to control their buying impulse, because that's what it's really all about..