I’ve explained my philosophy on low cost highly diversified etfs and mutual funds to her but it hasn’t been easy. Last night she comes to me with a stock paying nearly 10% dividends. I ask a couple of questions
1. It has been around 3 years.
2. It had a high of $10 and now is at $6
I said with all the boats in the harbor so high doesn’t it concern you that it has lost 40%? The discussion deteriorates like kinda like teaching a teenager to drive. She’s crying of course and I am a bad person for asking tuff questions. “I’m just learning”
I send her a link:
http://www.transparentinvesting.com/uploads/wholestory.pdf
Can anyone recommend any investing book written in plain English. My first book was the intelligent investor by Ben Graham but i think the advent of index funds has made it dated.
1. It has been around 3 years.
2. It had a high of $10 and now is at $6
I said with all the boats in the harbor so high doesn’t it concern you that it has lost 40%? The discussion deteriorates like kinda like teaching a teenager to drive. She’s crying of course and I am a bad person for asking tuff questions. “I’m just learning”
I send her a link:
http://www.transparentinvesting.com/uploads/wholestory.pdf
Can anyone recommend any investing book written in plain English. My first book was the intelligent investor by Ben Graham but i think the advent of index funds has made it dated.