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15 Dumb Moves with Your Money

Posted By Barry Ritholtz On June 26, 2005 @ 12:03 pm In Finance,Investing | Comments Disabled

via CNN/Money [1], we see this list of some of the dumbest things you could do with your money:

1. Putting all your eggs in company stock
2. Cashing out your 401(k)
3. Buying an investment you don’t understand
4. Not checking out your advisor
5. Retirement plan folly
6. Buying last year’s top performing mutual fund
7. Buying tax-free bonds and variable annuities for your IRA
8. Stretching out loan payments
9. Poor claim management
10. Applying for more than two credit cards
11. Buying life insurance on your kids
12. Getting a tax refund
13. Job hunting at work
14. Paying retail right off the bat
15. Filling up the rental car

At the site [1], there’s a paragraph explaining each monetary lapse . . . 

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URL to article: http://www.ritholtz.com/blog/2005/06/15-dumb-moves-with-your-money/

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[1] CNN/Money: http://money.cnn.com/popups/2005/specials/smartest/frameset.exclude.html

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