Comments on: Money’s 7 New Rules of Financial Security (Part 1)

By: Kristy @ Master Your Card

Kristy @ Master Your Card — Fri, 27 Mar 2009 02:33:54 +0000

I don’t really see how these are “new” rules. It seems to me that Money merely went for an attractive headline and once they drew you in gave you the same thing you’ve always read, just rephrased. But, it sells magazines and that’s the point.

I think the biggest key to this is to start young, diversify your assets, and don’t over-expose yourself to risk.

By: Roger

Roger — Thu, 26 Mar 2009 05:13:55 +0000

I thought the Money article was interesting, but not exactly new. There’s only so many rules of thumb in finance and money management, and only so many different ways to state each one. If you’ve done enough PF reading, chances are you’ve heard just about all of them at one point or another.

I will admit, thinking of my career as part of my investment portfolio was something I hadn’t considered before. Given that, I probably should have adjusted my portfolio to be more conservative. I had thought my job was more secure than it turned out to be; turns out it was less bond-like and more junk bond-like…

By: Customers Revenge

Customers Revenge — Wed, 25 Mar 2009 13:34:19 +0000

Pop news and newspaper money articles are so clearly targeted to generate a headline and sales rather than to give any new information of substance.

Every knows that recessions happen and some of them are big. Nothing changes now that we’re in one. You’re exactly right that all the rule changes are just the same rules we should have thought about before.

By: kosmo @ The Casual Observer

kosmo @ The Casual Observer — Wed, 25 Mar 2009 13:09:04 +0000

My employer began offering a date-targeted 401(k) option in January, with no fees.

I COULD do the work myself … but why not let the professionals do the work for me? They’ve done a very good job historically, so there’s not much reason for me to doubt their abilities.

Plus, it makes is a little harder for me to get greedy when I get into the 50-60 age range. If I’m Lazy now, my investments will automatically shift toward a more conmservative blend – whereas if I’m manually adjusting, the Lazy approach would be to simply leave things in equities too long.

By: Benjamin Lee

Benjamin Lee — Wed, 25 Mar 2009 07:48:06 +0000

Whether to invest or to save money, it would always be wiser to start early. The earlier the better.

In fact…it would be best to start even before we are born. Tell our parents that!!

By: Young Cash Cow

Young Cash Cow — Tue, 24 Mar 2009 19:34:22 +0000

Wow lazy man – I just read about you and you are no lazy man! 14 hours a day – wow! Great take on risk – it’s great to start investing young so you can get used to the stock market roller coaster.