November 30th, 2010
Hard Work Won’t Do It: 5 Questions To Ask When Making A Financial Investment
**Today’s guest post is contributed by LearnVest **.
Terminal illness sparks a flurry of thought and emotion—but it isn’t usually related to personal finance.
That’s why the case of Gordon Murray is so striking. Upon stopping treatment for his brain tumor nearly half a year ago, he channeled his thoughts and energies toward writing a book on personal finance with his friend (and financial adviser) Daniel Goldie. They called it “The Investment Answer,” and drew on Mr. Murray’s 25 years of experience on Wall Street to provide readers with his best insight.
Banker Shares Investment Advice.
The New York Times, understandably fascinated by this extremely likeable banker and author (he didn’t include his picture on the book cover or mention his illness in its pages because “I’m sick of me”), spoke to him about his process and his best advice, and found out that Mr. Murray considered the financial knowledge he has gained while working with Mr. Goldie more valuable than his quarter-decade working with Goldman Sachs, Lehman Brothers, and Credit Suisse First Boston.
5 Decisions Every Investor Should Make.
Here are the five decisions Mr. Murray recommends an investor make:
- Will you invest alone, or consult an adviser?
- How will you divide your money? A less volatile portfolio may earn more over time.
- How will you divide your money between foreign and domestic investments?
- Will you invest in actively or passively managed mutual funds?
- How will you rebalance your portfolio to improve returns?
Read the rest of this savvy investment advice on LearnVest!
this is a very great post..