saluki9
Thinks s/he gets paid by the post
- Joined
- Feb 23, 2005
- Messages
- 2,032
Nords said:Double yikes. 19 pages of discipline and only one dismissed complaint!
The NASD falls somewhere between the mob and Al Qaeda in their leniency
Nords said:Double yikes. 19 pages of discipline and only one dismissed complaint!
It seems like money management - LBYM, managing credit, basic investment information, taxes, etc. - should be a required high school course. I really can't believe it's not taught. This is really the only hope for the "average joe".elroy said:With pension systems going the way of the "dodo birds", and the lack of trust with the mostly "dodo birds" wanting to help you manage there your own retirement savings plan how in the heck can you win if your an average joe. Do we need additonal, dare I say it, goverment regualtion or forced savings accounts? Shoot, the govement can't even keep SS solvent. I see a storm a brewin'. Its already effecting my spelling
elroy
audreyh1 said:It seems like money management - LBYM, managing credit, basic investment information, taxes, etc. - should be a required high school course. I really can't believe it's not taught. This is really the only hope for the "average joe".
Once you are past that, I don't see how anything can force people to live below their means or save or make wise investing choices. As long as it's socially acceptable to be clueless about money management and investing, a lot of people are going to avoid the responsibility.
It's too bad, but that just seems to be the way it is.
Audrey
brewer12345 said:Would most people be better off just investing in index funds? Obviously. But there are an awful lot of people out there who are not financially educated and are terrified at the thought of taking responsibility for this stuff. I personally think there is a crying need for ethical, reasonably-priced advice that is not driven by commissions. There are already plenty of advisors out there who probably dispense reasonable advice, but many of them are quite expensive and they tend to suggest hgh cost investment options.
I don't really understand the urge to have the government provide our kids' education. I may struggle a little with T-1 helper cells' role in the immune system's response to fighting infection or the basics of polymerase chain reaction systems in DNA analysis, but any parent should be capable of teaching their kids the basics of financial management just as they should be capable of teaching them how to use a toilet. And luckily my spouse likes that biology stuff as much as she lets me handle the computer topics.audreyh1 said:It seems like money management - LBYM, managing credit, basic investment information, taxes, etc. - should be a required high school course. I really can't believe it's not taught. This is really the only hope for the "average joe".
Well, seems like we as a society think kids need to go to school to get the basics of reading, writing and arithmetic - the skills considered important to getting and holding a job and being a citizen - so money management should factor in as an important topic too. We don't rely on parents to give their kids a basic education, and for some kids with illiterate parents, they would be left out in the cold. Seems like a large majority of parents are illiterate today when it comes to money management skills and their kids have no one to learn from.Nords said:I don't really understand the urge to have the government provide our kids' education. .... any parent should be capable of teaching their kids the basics of financial management just as they should be capable of teaching them how to use a toilet.