Financial Advisor Suze
Save not
You've all seen the ads. Buy and save 20 percent. Buy and save 40 percent. The more you buy, the more you save.
Marketers will be suspended primary school in English or are accomplices of thieves.
The word means "hold" to accumulate money. " The word means to go "to pay or spend money." These words are antonyms. The word is logically contradictory. Nobody keeps spending anything!
Suze Orman offers consumers a lot of good advice, but do not invest close. He says that investing in the market is a great way to save for retirement. But it is but it is not to save it.
When you invest in the market, he / she buys shares and the purchase of a stock certificate is like buying something else. What is paid these certificates is money spent. Actions are what the buyer owns and shares are not money.
The demand for financial advisors like Suze that rising stock prices, on average, over time. There are two things wrong with this statement. Firstly, it is true that stock prices have increased an average of all periods of time.
For example, if one takes the period from October 9, 2007 to March 4, 2009, stock prices, on average, fell 51.5%. Of course, you can choose periods during which stock prices have on average increased, but the selection of time periods is completely arbitrary. Select period times and it can be argued that prices rise by an average of stock, select a different period of time and can keep stock prices fall on average. Thus, statement has no meaning.
Second, the averages are phantom numbers. Nobody wins the medium-term performance. A few people may obtain a return equal to the average yield, but not most people. The averages are calculated from a list of terms and except in cases where the average is equal to the median, the number of terms below the average is always greater than the number of terms than the average. If mislead investors by suggesting that through investment you can expect a return equal to the average is not more than a bald head. Thus, even if the income of a person from the sale of their investments is greater than what he / she has purchased for, and the calculation is difficult to do since the actions buy at different times and are then subjected to different rates of inflation, it is likely that the return will be much lower than the average ghost is also difficult calculated for the same reasons as above.
Owning a piece of the action is the same as owning a piece of furniture, and as a piece of furniture is not money or a share of the shares. What the future value of a share of stock, you can never know. As a cabinet, its value can not be determined before trying to sell. And as anyone who has tried to sell used furniture has learned, its value may be zero.
Invest in the market is more savings than buying the soup.
© 2009 John Kozy
About the Author
Retired professor of philosophy and logic who blogs on social, political, and economic issues at http://johnkozy.mindsay.com and http://www.jkozy.com/. Tries to avoid mere opinion and propaganda and emphasizes logic, facts, and evidence. All or any part of his articles can be cited or distributed when properly attributed.
Are at risk for the advice of Suze 50,000?
I can http://delmar.typepad.com/world_wide_wealth_advisor/2007/06/suze-orman-gran.html : Suitable for the formation of the Great Depression era often thought of the advice Suze has more than 50,000 of whom less than 60 of her sound financial advice Plans can trust?
Dangerous? No, but I have all the For after listening with an open mind to think of their other financial Home run before making a decision about how to plan. Dave Ramsey, but the South China Sea are very different people who prefer As can be seen by the radical. It's the grain and the comments and Play Issue, "salt" and making their own choices.
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