Comments on: Unbroke’s Money 101: “I’m Broke as Hell…”

By: Twitter Wisdom from Un-Broke : Bizzia - Business News and Commentary - Finance and Business Tips

Mon, 01 Jun 2009 20:57:40 +0000

[...] Individual stocks: The investing portion of the special was all about the individual stocks. I really thought that there should have been some mention of index related investments. [...]

By: Jim

Jim — Mon, 01 Jun 2009 19:46:37 +0000

I didn’t see the show, but agree with your point that Joe Sixpack has no business buying individual stocks or fancy insurance products. In fact, Joe would be better off going on Dave Ramsey’s Bean and Rice diet, paying off all debts other than the mortgage, saving up an emergency fund, then building a portfolio of stock and bond index funds for long-term wealth and security.

By: Miranda Marquit

Miranda Marquit — Sun, 31 May 2009 23:03:30 +0000

I have a feeling E*Trade probably paid a great deal to be a sponsor. But I can’t prove it. You might be on to something…

By: Miranda Marquit

Miranda Marquit — Sun, 31 May 2009 23:02:40 +0000

I know that the show wasn’t meant to be really deep. But it wouldn’t have hard to make a brief mention of index funds. However, I do agree that the basic tone of “Don’t panic, but you should start making some changes in your financial life” did come across, and is an important point to make.

By: Miranda Marquit

Miranda Marquit — Sun, 31 May 2009 22:59:10 +0000

I agree that the idea was a good one, and we really do need a wake up call. And you make an interesting points about the celebs as well!

By: Tyler

Tyler — Sun, 31 May 2009 22:36:31 +0000

I thought the idea of the show is great! We need to spend within our
means. But I don’t like that it came from rich celebrities who can’t
identify with being frugal. It’s patronizing! Read more about this at
my blog.

http://tyleraadams.blogspot.com/2009/05/un-broke-you-dont-know-how-to-manage.html

By: FFB

FFB — Sat, 30 May 2009 20:08:29 +0000

I don’t think the purpose of the show was to go in depth. It was more awareness of things that need to be taken care of. The average person who’s up to their necks in debt probably isn’t ready to deal with what type of index funds to invest in. What they need to know is they need to stop spending and think about retirement savings like a 401(k). I think the show got it’s point across.

By: ObliviousInvestor

ObliviousInvestor — Sat, 30 May 2009 16:23:03 +0000

I didn’t get a chance to see it last night. In addition to etrade, were there any other brokerage firms or fund companies that had a lot of the commercial time? I wonder if that would have something to do with the lack of index fund discussion…

By: How Much of My Income Should a Mortgage Be? : Bizzia - Business News and Commentary - Finance and Business Tips

Sat, 30 May 2009 15:00:00 +0000

[...] with one bit of the advice Seth Green offered. (I also didn’t like the special’s focus on individual stocks .) He said that a general rule is to spend no more than 1/3 of your gross monthly income on housing [...]