| Sunday, November 23, 2014 | |
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Are you a money moron? Perhaps you're a recovering moron. Maybe you don't even know you're a moron. To some degree, we're all money morons. That's simply the way our society works. In fact, much of our economy depends on morons. I've written about the "greater fool" theory before. Some folks would argue it's the simplest path to riches. We disagree. The mere fact you've signed up for this e-letter and are reading it proves that there's hope. It proves that you rise above the crowd and understand that, when it comes to your money, ignorance is not bliss. In this week's "Slap in the Face Award" segment, Steve McDonald talks about a specific group of money morons (hopefully he's not talking about you)... that is missing a guaranteed 75% return. And he opens a discussion on the incredibly controversial subject of government-mandated retirement plan contributions. Check out the video... and be sure to leave Steve your thoughts in the comment section below it.  Click here to watch the video Steve's last sentence is harsh... "We are truly a nation of money morons." But like I said, many pieces of the traditional investing world like it that way. We call it the "Conspiracy of Misinformation." It lets fund managers hammer us with high fees. It allows the news stations to scare us into tuning in. And it's what big traders use to take advantage of the little guy. But you don't have to be a money moron. Far from it. In fact, The Oxford Club (the publisher of Investment U) is doubling down on its efforts to eradicate money morons. Not only have we enlisted the help of industry stalwarts like Steve, but through our recent acquisition of the Institute for Individual Investors, we jumped headfirst into an opportunity that will help readers learn how to make investing simple, painless... and extremely successful. As we work to unveil our new series, the very first person we want to hear from is you. Send me an email with examples of money morons and what you believe is your greatest obstacle to investing success. While I can't promise a direct response to each letter (it's against the law for us to give personalized advice), I do promise that I will personally read each one of them. Click this link to send me an email... or send it directly to mailbag@oxfordclub.com. As I said, our society trains us to be money morons. In fact, most Americans are flat-out investing illiterate. But that's the way the established investing world likes it. We don't... and we're going to rail against it. Good investing, Andrew Snyder Editorial Director, The Oxford Club
To access the Investment U archives, please visit InvestmentU.com.
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