Felix Salmon writes a regular personal finance column for Reuters.
Salmon, along with Brett Arends who writes the "ROI" personal finance column for the Wall Street Journal, is a writer whose thoughts are interesting and worth following on a regular basis.
In a recent piece titled "The End of Personal Finance," Salmon considers what has taken place in the world of investing and personal finance over the past 12 years. Much of the discussion focuses on the futility (and danger) of accepting conventional wisdom and advice.
Gold, for example, was considered by many to be a laughable investment option relative to equities in 1997. Turns out that an investment in gold at that point would have yielded a 3 X return on investment while the S&P has returned just 19.9 % over the same period.
The list goes on while the impact on individual savers, investors and retirees is brutal.
Source: Reuters
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