If the Madoff scandal has taught us anything, I think it should be that as investors we need to diversify. It is one thing to look at our investments and to make sure that they are diversified among different asset classes, different localities, and different sizes. It is another thing though to make sure that it is not invested through the same individual or investment company. There is always the possibility that some day the individual or fund may not turn out to be what it advertised it was, or that someone has cleaned out the fund or your account?
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When you read the statistics, it is just staggering to hear how much money the average person has in Credit Card debt. Some reports say the number is $5,000, and other report that it is as high as $10,000. So why are the numbers so large, why is it that American's are accumulating such a large amount in credit card debt?
Hard to track - When you spend money on a credit card it is hard to track how much you spend, until the end of the month when you get the bill. This makes it very hard...