Comments on: Stay Mad for Life Review http://frugaldad.com/2008/01/14/book-review-stay-mad-for-life/ Tips for living frugal while still having a life Fri, 19 Mar 2010 21:15:45 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Is Cash Still King? | Frugal Dad http://frugaldad.com/2008/01/14/book-review-stay-mad-for-life/comment-page-1/#comment-16769 Is Cash Still King? | Frugal Dad Mon, 26 Jan 2009 23:45:01 +0000 http://frugaldad.com/2008/01/14/book-review-stay-mad-for-life/#comment-16769 [...] do not believe in pulling all long-term investments out of the market. Jim Cramer recently took some heat for suggesting that investors take money out of stocks if they will need [...] [...] do not believe in pulling all long-term investments out of the market. Jim Cramer recently took some heat for suggesting that investors take money out of stocks if they will need [...]

]]> By: Goodbye Expanded Cable TV: What Will I Miss Most http://frugaldad.com/2008/01/14/book-review-stay-mad-for-life/comment-page-1/#comment-225 Goodbye Expanded Cable TV: What Will I Miss Most Mon, 04 Feb 2008 21:25:40 +0000 http://frugaldad.com/2008/01/14/book-review-stay-mad-for-life/#comment-225 [...] market coverage and leads up to the NYSE opening.  I enjoyed watching nightly programming such as Jim Cramer’s Mad Money to get a wrap of the day’s market activity.  The Big Idea, hosted by Donny [...] [...] market coverage and leads up to the NYSE opening.  I enjoyed watching nightly programming such as Jim Cramer’s Mad Money to get a wrap of the day’s market activity.  The Big Idea, hosted by Donny [...]

]]> By: Aaron Stroud http://frugaldad.com/2008/01/14/book-review-stay-mad-for-life/comment-page-1/#comment-105 Aaron Stroud Tue, 22 Jan 2008 19:13:56 +0000 http://frugaldad.com/2008/01/14/book-review-stay-mad-for-life/#comment-105 Jim is great at getting some people exciting about investing. Unfortunately, his approach is all wrong, at least as far as his show goes. I'm glad to hear he's promoting index funds as a good solution. I just wish he believed it was the only way to maximize one's investment returns over the long haul. Whetting your children's interest in investing is a great idea. However, I would urge caution when considering the individual stock approach. <a href="http://www.debtkid.com/" rel="nofollow">DebtKid</a> is the perfect example of why individual stocks might be a bad idea. His childhood experiences with individual stocks planted a seed that resulted in some pretty hefty debts from gambling in the markets. Now that your daughter does own some shares of Disney, you have a perfect teaching opportunity to talk about diversification and the dangers of investing in individual stocks. Jim is great at getting some people exciting about investing. Unfortunately, his approach is all wrong, at least as far as his show goes. I’m glad to hear he’s promoting index funds as a good solution. I just wish he believed it was the only way to maximize one’s investment returns over the long haul.

Whetting your children’s interest in investing is a great idea. However, I would urge caution when considering the individual stock approach. DebtKid is the perfect example of why individual stocks might be a bad idea. His childhood experiences with individual stocks planted a seed that resulted in some pretty hefty debts from gambling in the markets.

Now that your daughter does own some shares of Disney, you have a perfect teaching opportunity to talk about diversification and the dangers of investing in individual stocks.

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