Price of love
Romantic partners can affect attitudes – and a University of Arizona study shows college students may model their own spending habits on those of boyfriends or girlfriends. This can exert even more influence than parents do. Perhaps parents should forget asking suitors about study plans, instead asking about money choices.
One size does not fit all when it comes to financial advice. This Washington Post article explains that savings tips need tailoring to individual circumstances: telling a family to buy reusable cloth nappies instead of disposables, for example, only works if they have a washing machine – and poorer people may not.
Even if some fund managers can outperform the market, only a tiny fraction can beat a simple index fund, notes The Evidence-Based Investor’s Robin Powell. Even identifying a winner would be a rare and costly skill. “Anyway, isn’t life too short to worry about a fund manager’s love life or where he went to school?” Powell says.