Adding a Misinformed Category

I’m adding a “misinformed” category to my blog. This is inspired by a post by Samerwriter — Common Personal Finance Myths — which challenged quite a few conventional wisdoms. I also often find myself shaking my head when I read personal finance articles on newspapers, magazines, and some of the popular but misinformed blogs. I will make a habit of calling out these misinformation and putting them in the new “misinformed” category. I have already done some of this in my past postings. The charter members of this new “misinformed” category include:

• Is Inflation Dead? — No way!
• Investing a Small Amount — stick to a mutual fund
• More Risk, More Reward? — undiversified risks are not rewarded
• Book Review: Elliott Wave Principle — don’t go there
• Prosper.com Or Junk Bond Fund? — you might as well buy a junk bond fund
• Does Your Auto Insurance Cover Engine Failures? — No, it does not.
• Picking Stocks Is a Waste of Time — enough said.

I will do more like these in the future.

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Software picked, likely related posts:

• Carnival of Personal Finance #96
• Carnivals: Week of 11/6/2006
• In-Service Withdrawal: The Law and The Plan Rules

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