Do you think complex language is creating a barrier to financial understanding?
Tue, 05/24/2011 - 20:46
Do you think complex language is creating a barrier to financial understanding?
Feed the Pig
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Do you think complex language is creating a barrier to financial understanding?
Finance mumbo jumbo
I think that common sense should always prevail. If you don't really know what is happening with your money, don't do it. I went completely against the tide of the professionals and did not lose a penny in the stock market by being completely conservative. I have also retired by paying off my house, something that professionals used to frown upon, and lowering my over all debt. - No iphone, yes to Netflix online, no cable needed, etc. You can do it. You don't need oogles of money, just common sense. This site is wonderful to learn and encourage ourselves. Hope the Feedthepig.org spreads. The truth is, no one really knows what the future holds. Trust yourself.
Terminology
If you take the time to learn the meanings and grasp what they represent it can help you make the right decisions over your whole life. I agree that investing gets complex every year with new products and ways to analyze returns and risk but once you have a strong base of knowledge the new products are so difficult to understand. Take the time, it is really worth it!
Awesome reply. Thank you.
Awesome reply. Thank you.
no
I think consumers need to take personal responsibility for their money. If they don't even want to understand P/E ratios, net cash flows, or net worth, I don't know how it can be simplified any further for them since these are important elements to evaluating companies you will invest in as well as evaluating your personal financial house.
Barrier to financial literacy
International Business Times discusses this barrier to financial literacy http://ow.ly/51BXn