Browsing through the latest edition of the Carnival of Investing, an article caught my eye: "Lost Money In the Stock Market, What Should I Do?"
I know there are many of you who are asking the same question, which is why I felt the need to share this particular article.
I do like the advice that was given - to go out and educate yourself. Too many of us rely on "financial advisors" who tell us where to put our money. And it's true, many of these so-called advisers are just people who have been trained to sell rather than offer real advice. (Read more about this topic in a previous post, Beware of the Financial Advisor).
Isn't it interesting that we often resist listening to the people closest to us when they offer advice about money, relationships, or careers, but so quick to hand over our hard-earned cash to a self-proclaimed financial advisor who we've only known for ten minutes?
I'm not saying that there aren't any financial advisors out there who know what they're doing because I'm sure there are. The message I'm trying to relay here is to be careful who you trust your money with.
If there's only one piece of advice that you take away from this blog, that is it!
If There's Only One Piece of Advice You Should Know...
Posted by Maria Palma | 10:49 AM | financial advice | 1 comments »
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Lost money from the stock market?? I thought the stock market is the most safe investing your money... How come it's lost?