Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: gusopol3
Question 3 a sales pitch? It might just be meant to demean people. How many times have financial advisors, bankers etc tried to tell you you're better off with mutual funds than you are being informed and making your own decisions?

This does look like a quiz for total economic illiterates. It doesn't even acknowledge that a person should know it's "more than $110" for number 1. In fact, it doesn't discern who actually knows something about how money works.

PS: Schools at every level through HS don't teach money management or economics any more.

21 posted on 08/30/2014 10:31:43 AM PDT by grania
[ Post Reply | Private Reply | To 6 | View Replies ]


To: grania

RE: How many times have financial advisors, bankers etc tried to tell you you’re better off with mutual funds than you are being informed and making your own decisions?

Actually the key words in the question #3 are “usually” and “safer” and “ONE company stock”.

It goes without saying that had you bought APPLE in the 80’s, you’d be a millionaire now, but how would you know then?

What if you worked with say Bear Sterns and put all of your money in that one company’s stock? Of course you wouldn’t know then what would happen to it. You’d be congratulating yourself up to 2006 and then thinking of jumping out of a building by 2008.

It’s always easy to look at things in hindsight.

So I still agree with the question, a diversified portfolio of stock is USUALLY safer than buying just ONE company stock.


24 posted on 08/30/2014 10:39:00 AM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
[ Post Reply | Private Reply | To 21 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson