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I love these hilarious comments from angry financial advisers

The best part about Suze Orman's new Yahoo Finance column, "What to look for in a financial adviser," is the comments from angry financial advisors. "Advisor's [sic] need to make a living," they whine. "Of course a broker is going to make a commission....they have to eat too," says another commission-based apologist. And, in one particularly eloquent quote, a ...

Excellent comment about debt

A Million Paths leaves this excellent comment on my recent post, When your debt feels like your arm. I was going to say something about how I agree and how debt is bad and blah, blah, but something really bugs me about everyone’s comments. Debt is the new fat. It’s just one more thing to be ashamed about ...

Behind-the-scenes New Yorker article on hedge funds reveals they aren’t so sexy

John Cassidy's fascinating behind-the-scenes look at hedge funds in the recent New Yorker is eye-opening. When you think of hedge funds, do you think glamour and prestige? In a study published in the June, 2003, issue of the Journal of Financial and Quantitative Analysis, he and a co-author, Gaurav Amin, an analyst at Schroder Investment Management, a British financial firm, ...

I hope my friend listened to me about NOT TIMING THE DAMN MARKET

Last week, I talked to a friend of mine who's starting to get interested in investing. He's a bit unusual in that he has $80,000 sitting around in a savings account earning 0.5% interest (here's a referral to the better savings account I use)l) and has some slightly wacky ideas about investing. For example: "I don't plan ...

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Help me give away $2,000 in scholarships using P2P lending — by this Monday, 6/11

[Update]: Please join these two Facebook groups *today* (Monday, 6/11) in order to help iwillteachyoutoberich readers win two $1,000 scholarships. Details below. Summary of this post: Help me give away $2,000 in scholarships by joining two Facebook groups by this Monday, June 11th. More detail: P2P lending lets you lend and borrow directly from people based on ...

Here, let me just tell you how much you spend

I wrote this post a few months ago and never got around to posting it, so here it is today with some edits. Writing about personal finance is a curse in many ways. It's like being a cardiothoracic surgeon standing in line and watching someone buying a KFC bucket of 14 thighs and legs right in front of you. You ...