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833 words of advice from Brett Arends

Posted: Sun Feb 08, 2015 7:32 am
by dualstow
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In addition to stocks, own some long-term Treasury bonds and some Treasury inflation-protected securities. These are likely to hold their value, or even go up, when stocks crash.
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http://on.wsj.com/1C7ZouH

Re: 833 words of advice from Brett Arends

Posted: Sun Feb 08, 2015 9:32 am
by MachineGhost
Rolling my eyes at yet another what to do list.  Some good points though.  I guess exceptions are not for the Boobuses.  But the problem with them is not the lack of advice or how to, its walking the talk.
Never buy a lottery ticket. The lottery runs a profit, which means the players run a loss. And a study once found that the people who won ended up no happier than those who lost.
Buzz!
Don’t spend money showing off. Designer brands and “luxury”? labels are created to overcharge the desperately insecure. They’ll mark you out as nouveau riche. Old-money families keep it down low.
Bing!

Re: 833 words of advice from Brett Arends

Posted: Sun Feb 08, 2015 1:05 pm
by WiseOne
Actually I thought this was great sage advice, on par with Harry Brown's rules but more specific & updated...sent it off to family & friends.

Thanks for posting dualstow!