As you get older, does your financial knowledge decrease?

Good question.

I do not think financial smarts necessarily fall with age. I know a lot of very smart investors of advanced years. However, a new study has come out that finds investing intelligence does decrease over time.

A scary thought. Especially for my 20 something nephew – nephew by marriage I like to point out, definitely not the same gene pool – who seems to already be lagging in this area. 

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My investment philosophy is quite simple.

Most investors should utilize a passive investment strategy, with an emphasis on cost minimization and optimal portfolio diversification.

We have covered my reasoning for this in many posts leading up to today.

In short:

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The Secret of Buffett’s Success?

On 02/06/2011, in Entrepreneurship, by Jordan Wilson

This weekend I read an article on the secret of Warren Buffett’s investment success.

At least in the mind of the author.

The author believes that:

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An Ever Changing Investment World

On 02/01/2011, in Equities, Investments, by Jordan Wilson

I saw a (now) humorous video from The Today Show dated January 1994.

Quite funny now, but back then a serious topic.

It is a great lesson on how the investment world is constantly changing.

What was a relatively unknown concept 17 years ago is now commonplace.

First the video, then a few examples:

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200 Years of Progress

On 12/08/2010, in Economics, by Jordan Wilson

The BBC has produced an extremely interesting video on the evolution of global prosperity over the last 200 years.

Prosperity being measured by both increases in life expectancy and personal wealth.

As a capitalist, I see it as a testament as to how technological progress can greatly improve one’s quality of life.

But I expect the more socialist readers will also find tidbits to support their worldview.

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What Advisors May Not Mention

On 11/29/2010, in Financial Advisors, by Jordan Wilson

This Reader’s Digest article does a good job summarizing some key things to remember when dealing with people in the financial services industry.

Reader’s Digest adds a few more thoughts in this separate article.

Many of the points we have discussed previously.

A few quick comments from my side:

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Interested in Learning About Investing?

On 05/01/2010, in Learning to Invest, by Jordan Wilson

Starting in early May and going throughout the summer, I intend to run a series of posts covering various investment topics.

There will continue to be some other commentary and links to interesting articles. But the bulk of the summer will focus on personal investing.

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Warren Buffet’s Investing Advice

On 04/21/2010, in Investment Strategies, by Jordan Wilson

Like the old E.F. Hutton advertisements, when Warren Buffet speaks, people listen.

And listen closely.

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“Bulletproof” Investing Advice

On 04/19/2010, in Investment Strategies, by Jordan Wilson

Occasionally I watch the financial channels and listen to advice from the various talking heads.

I do not believe their advice is usually worthwhile. Many throw out wild predictions (e.g. the Dow going to 36,000)  in the hope that if they are correct, they can live off the glory for a long time. You always hear about the ones they called correctly, never the ones they got wrong.  

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Investment strategies can be used to reduce the risk of getting caught in a bursting investment bubble. Here are a few practical strategies for consideration.

1. Diversify Your Investment Portfolio

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