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Taken for a ride

April 17th, 2009 at 06:18 am

I was just perusing through some of the Carnival of Finance-like posts from other blogs (not from any blogs here), and um, how do I put this?

I am reminded again that there's no minimum requirements to have a financial blog. In other words, I can easily set up a blog like here, and fancy myself as an "expert"... like here. Big Grin

By the way, I know I'm not an expert. I'm just a guy, trying to get through life. I blog as a way to express online what I can't always do in real life, as well as to sort of chronicle something that is important to me, which is my financial journey.

And yet, to be blunt, there are some people who are much less informed about financial matters than even I, but are parlaying themselves as financial experts, and giving out all kinds of semi-misleading advices. (Let me say again that none of these blogs are from here.)

Let me also add that these sort of blogs and entries are in the minority. Typically, I've enjoyed these sort of Carnival articles.

You know, I was actually quite reluctant to make this post, because as a rule, I don't like to criticize other people. If anything, I prefer to be someone who is known for being supportive and helpful, not critical.

Still, where else would I be able to get something like this off my chest except... here? I just hope that people will keep in mind the age old Latin warning, "Caveat Emptor" when they read about financial advice, including ones from me. Big Grin

Speaking of rides, did you know that even wealthy people are feeling this recession? And that there are also a lot of "bargains" for the filthy rich out there? I remember seeing several examples of this, but this buy one get one yacht free deal is, by far, one of the most over-the-top I've seen and I just have to share it.

5 Responses to “Taken for a ride”

  1. Joan.of.the.Arch Says:

    I think I know the kind of blog you are talking about. You see them on all sorts of topics, really. I figure most people see them for the crock that they are.

    Sometimes they remind me of a young woman I knew 25 years ago. She had had a fixation on the medical professions, and had enough real medical issues that she had a lot of doctor appointments, usually at hospital-associated clinics. When she went for appointments she used to dress up in the old fashioned style of nurse's garb: white dress, white shoes, white hose, white cap, even a white rain cape! No nurses were dressing like that anymore, but she thought she was convincing. She was playing the part for the day and really enjoyed being out in public like that. Absolutely no one would really have thought her a nurse. She was the only one she was fooling....Yep, I've seen financial bloggers like that, too. Weird as all get out, but we hope harmless.

  2. creditcardfree Says:

    I think it is good that you wrote this post. It is true that one should always be aware of the advise they are taking, especially whether it is correct information or not.

    Good post!

  3. ceejay74 Says:

    Oh come on, dish--what blog sparked this? Smile Whoever they are, if they fancy themselves financial experts, they ought to be able to take criticism.

  4. Phenomenal Woman Says:

    I think some bloggers like to feel like they are "important" or enjoy the attention they get and might not realize the line they have crossed.

    It is good that you know the difference between what is good information or not. I hope the "newbies" will catch on quick enough before taking on bad advice.

  5. baselle Says:

    One of my favorite quotes is from Alice Roosevelt Longfellow -
    "If you can't say something nice about somebody, sit next to me."

    I'm with ceejay - spill it in the comments. Who is it?

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