MONEY SMART
Spend smart, invest sucessfully and live the life you want.

Category Archives: Investment scams

Scam Savvy: Spotting Current Scams

Every year millions of people are taken in by a scam. You’ve heard of some of the most common ones like the Nigerian letter schemes. I’m sure you’ve been exposed to several and hopefully have spotted them right away. Unfortunately they do work often enough to keep them coming and new ones are being invented all the time. The key is to be sure you know how to spot and avoid them no matter the packaging.

The Failure of the Morningstar Rating System

The problem with the Morningstar rating system is that strong short term fund performance is meaningless since the majority of the 4-5 star funds drop to 3 stars or less within a few short years. When the ratings drop, investors are advised to invest their money in the next set of 4-5 star funds. The result is both investment underperformance and additional losses from paying the substantial commissions required by the fund switch. This cycle is extremely damaging and yet is the norm.

How to Invest In the Stock Market… Index Funds

Financial expert, Ted Hunter provides investment advice that when investing in the stock market, no-load index funds are commission free, have very low trading and other costs, and will by far provide the very best return on your investment. Use them to manage your money.

Why You Should Fire Your Financial Advisor

So where did everyone's retirement money go? It went to pay for the multi-billion dollar financial services industry. It was lost due to gross investment incompetence by an industry that doesn’t know how to invest successfully, but does know how to successfully sell the idea that they do. Americans have been subjected to one of the most effective and most destructive marketing campaigns in history.

The ETF Scam: Beware of Misleading Financial Advice

Avoid investment scams and know your investment options to create financial freedom. Manage your money by investing in simple investments like no-load, broad-based index funds. No financial expert required.

MONEY SMART BLOG   Recent articles…

Should I Invest in Gold?

I've been asked that question a lot, especially in the last month or so. Over the past year I have consistently advised against investing in gold and that advice has been pretty good as the price really hasn't changed much. I do believe there will come a time when owing some gold will be a very good idea, but I don't believe we've reached that point as yet for a variety of reasons.

We See Through the Lies!

Earlier this week, a New York Times article came out that really caught my attention. It was disappointing to see the typical economic spin that encourages people to invest with the financial services industry NO MATTER WHAT taken to such great lengths, but was also encouraging to see that the article was in response to a terrific new trend by their customers. People are really starting to catch on that it’s not a good idea to invest in the stock market, especially not at this time, and have been pulling their money out. Now, that’s great news.