Finance: Why Are So Many Americans Financially Dumb?

Why Are So Many Americans Financially Dumb?

Written by Valerie Mills

Continued from page 1

So far, repparttar reasons why we we’re financially dumb are because of rising costs and inadequate schooling. But clearly, these are not all repparttar 112063 contributing factors…

There are other reasons, including...

1. Math skills are declining. This is repparttar 112064 author’s observation. It’s based on teaching high school math 30 years ago compared to teaching college-level math in 2003. Kids in repparttar 112065 same area are less skilled than 30 years ago.

2. Parents forget they are financial role models. They miss opportunities to develop their kids money smarts.

CONSIDER THIS SOLUTION

Hate to ride repparttar 112066 “family values train” because there are conflicts with repparttar 112067 conductor. And repparttar 112068 author’s opinion is an educated guess.

But, parents, consider this...your kids reflect your money habits, attitudes, and behavior. What are YOU teaching your kids about money?

Valerie Mills is a sales copywriter specializing in direct mail and web advertising. She writes sales letters, web pages, and brochures for the finance, self-help, and technology areas.

Valerie has also written several articles and an ebook for parents: please refer to http://teachyourkidsaboutmoney.com for more information.

Contact Valerie at parents@teachyourkidsaboutmoney.com

LARRY, MOE AND CURLEY INVESTMENT BROKERS

Written by Al Thomas

Continued from page 1
their customers to sell when repparttar

market is declining? There are two reasons. First any large brokerage does not want to get on repparttar 112062

bad side of a company. That company might have a public offering later on and they will definitely not be asked to sell any of repparttar 112063

stock or bonds. This is where repparttar 112064

big money is on Wall Street. The second reason is they don’t want repparttar 112065

customer to have cash in his account. He might take it out. Brokers make money even if you do not trade. It is not much, but it does keep repparttar 112066

pilot light lit. Brokers also discourage customer stop loss orders because it is more paper work for themand then they do have to watch your account.Unless your account is high 6-figure or 7-figure you are not on repparttar 112067

radar screen. Mr. Broker (an appropriate name for what he does with your money) has an average of 300 accounts and many have 600 or 700. As new guys come into their office they give them repparttar 112068

little accounts. When a broker passes his securities license he is given two manuals. One is SEC regulations that must be followed and repparttar 112069

second is how to open accounts. There is no third manual on how to protect customers’ money or trade. Brokerage companies want their salesmen to follow repparttar 112070

company line and push certain products. There is no thought of customer protection. If your broker is Larry, Moe or Curley it is time to find a new one.

F*R*E*E investment letter www.mutualfundmagic.com Author of best seller "IF IT DOESN'T GO UP,DON'T BUY IT!" Never lose money in the market. Copyright 2004 Albert W. Thomas All rights reserved. Former 17-year exchange member, floor trader and brokerage company owner.

<Back to Page 1