Notes From the Fieldby Martin Weil

April 4, 2013

Rare praise for the WSJ

I don’t usually read much in the WSJ that I would count as good financial advice for the typical investor.  But I have to acknowledge Brett Arends for this list of “Five Really Dumb Money Moves to Avoid.”

The shorter version:

  1. Don’t go overboard reaching for yield in a low-yield world
  2. Fund your retirement before spending for private university for the kids
  3. Don’t own more of your employer’s stock than you have to
  4. Don’t take Social Security early
  5. Don’t buy long-term US Treasury bonds at today’s yield.

Not a bad list at all, though a sharp observer will note the conflict between item #1 and item #5.  The article does a decent job fleshing out a prudent path between these two contradictory recommendations.

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