There are a lot of great money columnists out there. In this article, I profile three columnists who I think are doing a great job connecting their disciplines to aspects of investing and personal finance. They each offer different perspectives and have strengths in different areas.
I would consider it essential reading if you are interested in improving your finances.
Writes one of the most interesting psychology and money blogs out there. Read his posts to understand why you do what you do (and why the herd does what they do).
Author of a number of great investing books, writes a great newsletter naming names and calling out the BS of the investing industry. Here are some topics he has covered: “Cracks in the robo-advisor facade”, “Active fund managers are losers” and “Find the courage to be ‘different’. ”
Writes the Your Money column for The New York Times. I love the variety of topics he tackles and he’s always consumer friendly.
Bonus: I love the BOGLEHEADS FORUM, where you can find good investment advice. They will keep you away from scams and fads and refocus you on low-cost, long-term investing.
The central theses:
1. I love pretending I don’t know anything about money to so-called professional advisors. This was one of the best days of my life.
2. The vast majority of you don’t need a money manager or even a financial advisor. You already have this website. Read it and use it. Living a wealthy life isn’t that hard if you follow advice that works for everyone.
3. Money managers know they can’t beat the market, so they try to focus on other ways to “add value” such as, “Anyone can make money in a bull market.” We’ll help you when the market changes.” And “We can advise you on taxes, wills, trusts and insurance.” All of these are legitimate — but none of them require a commission-based advisor. If a market downturn makes you nervous, I think the better answer is to develop the skills to stay resilient and focused during a market downturn. Don’t make decisions out of fear. Trust yourself and your financial system.
4. Once you have seven figure fortunes or complex transactions involving children, pensions or taxes, you have earned the right to consider advanced advice. Hire a paid financial advisor for a few hours or always visit I Will Teach You to Be Rich as we offer numerous free resources to give you the know-how you need to get ahead on your journey.