ACA Open Enrollment Ends Dec. 15. Review Your Options Before Being Locked in for 2018. Read More

Reply
Highlighted
Info Seeker

Re: Looking back over the years, what is the worst advice you ever received?

1,934 Views
Message 1 of 24

It was about the 1990. Get out of the stock market. You will never see it go over 10,000 in your life time. 

Report Inappropriate Content
Info Seeker

Re: Looking back over the years, what is the worst advice you ever received?

2,039 Views
Message 2 of 24

As a young, single mother I was advised not to waste my time going to college, I should just go get a job at Chevy. ( in 1974)  I didn't take that advice, thank God. 

 

Report Inappropriate Content
Conversationalist

Re: Looking back over the years, what is the worst advice you ever received?

2,347 Views
Message 3 of 24

That sounds like the advice that might have been given to one or more of Epster's 14 gynecologists (see earlier post).

Report Inappropriate Content
Conversationalist

Re: Looking back over the years, what is the worst advice you ever received?

2,349 Views
Message 4 of 24

Kudos on proving the "standardized [which, by definition, means not Individuated] tests" wrong! When recommending that folks consider the source when receiving advice, I assume that you're also implying that one should consider said source's motivation for giving it. Having been born with the skeptical gene, I've always asked (albeit usually not out loud) "What's in it for you, bro?"

Report Inappropriate Content
Conversationalist

Re: Looking back over the years, what is the worst advice you ever received?

2,361 Views
Message 5 of 24

Although I didn't have the sense (or the wherewithal) to begin investing as early as you did, I too have never used a broker; my reasons are that not only are they paid on commission, but a client can know for sure whether her/his broker is on the other side of the trade. (Yeah, I know that the "fiduciary standard" should address the latter concern, but the demise of that rule looks to be the odds-on bet these days.)

Report Inappropriate Content
Info Seeker

Re: Looking back over the years, what is the worst advice you ever received?

2,551 Views
Message 6 of 24

It's OK to drop out of college and get married at 21.  You can go back to school later.

Report Inappropriate Content
Info Seeker

Re: Looking back over the years, what is the worst advice you ever received?

2,801 Views
Message 7 of 24

Use my tax person.  Drive down the alley and go into the garage. That's where her office is located.

Report Inappropriate Content
Info Seeker

Re: Looking back over the years, what is the worst advice you ever received?

2,998 Views
Message 8 of 24

Just about everyone in my family told me not to get married when I did; most of her family gave her the same advice.  Sharon and I had known each other for less than a year; she was 19 and I was a little under 20 when we ignored them all.  We're now a few months shy of our 44th wedding anniversary :-) I wouldn't recommend what we did to anyone else, but it definitely worked out well for us.

Report Inappropriate Content
Info Seeker

Re: Looking back over the years, what is the worst advice you ever received?

3,137 Views
Message 9 of 24

Strange. I had the same thing told to me by my parents AND my high school counselor!  Guess what!  I did and was very good at it!!

Report Inappropriate Content
Trusted Social Butterfly

Re: Looking back over the years, what is the worst advice you ever received?

3,409 Views
Message 10 of 24


"....The worst advice ever got was when the "experts" said not to buy KMart when the stock dropped to 16 cents.  For some reason, I had a strong hunch to buy at least 10 thousand shares, but I trusted the "experts." ..".

 

As someone who got into investing in my 20's, I have advised against using advisors for decades now. I became a contrarian investor early on and have read so many articles showing how financial people, especially those giving investment advice, are so wrong so much of the time.

  


Just think. The world was built by the lowest bidder.
Report Inappropriate Content