July 2011 - MONEY SMART

Timely updates and reminders on personal money management. Seeing to it that you always have the up-to-the-minute information you need to win the game.
July 28, 2011

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.

July 20, 2011

Money management expert, Ted Hunter explains that money can bring you happiness if spend wisely. So use your common sense to make money smart choices that will truly add to your success with money and happiness. His money book, Money Smart offers saving tips and advice for achieving financial freedom.

July 6, 2011

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.

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