Finance Q2 - 1. The 13 Steps to Investing Foolishly The...

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1. The 13 Steps to Investing Foolishly The Motley fool was co-founded by David Gardner, Tom Gardner, and Erik Rydholm with the intention of helping people invest for themselves and gain control of their personal finances. Realizing that the average person has never really been taught anything concerning investing, they believed anyone with an average education could/can learn how to make good investment decisions. Some of the convectional wisdom that is contrary to the foolish point of view are; " You should let experts who manage mutual funds manage your money" and "Financial gurus do a good job of predicting the market.” further, most brokers are well trained in the subtle art of salesmanship and are paid based on how often a client trades, not how well they do. One of the major struggles investors trying to build on their wealth face is credit card debt. The key to investing is to use money that is free of any other obligations. A Fool does not go investing with his/ her lunch money, or next month's rent, or with money that
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This note was uploaded on 09/25/2008 for the course FIN 3403 taught by Professor Tapley during the Spring '06 term at University of Florida.

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Finance Q2 - 1. The 13 Steps to Investing Foolishly The...

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