Jul 8, 2007

Best financial tip and Worst financial move

Here's some advice from an interview done on mint.com of the author of The Digerati Life blog. It includes an answer to the blogger's top financial tip and also has a financial move that everyone should avoid.

Best Financial Tip:

"... Never take your money for granted. Educate yourself in the areas of finance and business, stay reasonably frugal and invest your savings in index funds..."

Worst Financial Move Ever:

"... Emotional investments in independent stocks. Shorting stocks and participating in overly complicated schemes that involve money. I realized that the more complicated a money making scheme or venture was, the worse my returns were..."

Full interview here

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