Comments on: One Key to The Future is Financial Clarity https://spanish.lifeboat.com/blog/2012/04/key-to-the-future-is-financial-clarity Safeguarding Humanity Tue, 17 Apr 2012 22:22:55 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Jake https://spanish.lifeboat.com/blog/2012/04/key-to-the-future-is-financial-clarity#comment-106318 Tue, 17 Apr 2012 22:22:55 +0000 http://lifeboat.com/blog/?p=3617#comment-106318 That’s a great point John. From what I’ve seen, Mr. Shiller proposes a to-do list for investors that reads something like this:
1. Make it a personal rule always to talk with others — or at least your spouse — before making any important investment decision.
2. Consult with a personal financial advisor.
3. Make it a point from time to time to read magazines or columns on personal finance, or tune in to financial advice shows, even if investing is not a congenial topic for you; don’t leave it all to your advisor.
4. Make it a personal rule to diversify broadly across all asset classes.
5. Reflect on the fact that you, as a member of the human race, are vulnerable to psychological issues such as attention anomalies and overconfidence.

I’m very excited that he has made it a point to promote this type of agenda — especially #3. I hope that more investors will follow his advice, and I do think that his name alone will help get this information mainstream.

]]> By: John Cassel https://spanish.lifeboat.com/blog/2012/04/key-to-the-future-is-financial-clarity#comment-106292 Tue, 17 Apr 2012 13:15:49 +0000 http://lifeboat.com/blog/?p=3617#comment-106292 Jake, what do you think of Robert Shiller’s proposals for the expansion of public support for financial advice, as well as the scope of market instruments?

]]> By: Eric https://spanish.lifeboat.com/blog/2012/04/key-to-the-future-is-financial-clarity#comment-106263 Tue, 17 Apr 2012 00:49:02 +0000 http://lifeboat.com/blog/?p=3617#comment-106263 I wasn’t quite sure how to put my finger on this problem before reading this but..you’re on the money with this one. Though a bit simplified, I hope the future that you describe is possible.

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