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| George Bailey or Ebenezer Scrooge?
Do you enjoy watching classic Christmas-themed movies such as It’s a Wonderful Life and A Christmas Carol? I enjoy watching them too, but last year something began to gnaw at me. After thinking analytically about those two movies, I asked myself: Who’s the better financial role model — George Bailey or Ebenezer Scrooge?
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| Avoiding affinity fraud
Some investment pitches are obviously bogus, but what if someone you know makes you an offer that sounds like a sure winner? You might act on faith — and lose much or all of your life savings.
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| | | | | | Q&A
Should I buy new or fix a broken machine?
A reader who owns his own business wants to know whether it makes more financial sense to buy a new piece of machinery or whether it would be better to fix the broken one he currently has. Read Ric’s response to this question and his perspective on this problem.
See Ric's Answer
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All information provided is for education purposes only and does not constitute investment, legal, or tax advice, an offer to buy or sell any security or insurance product or an endorsement of any third party or such third party's views. Whenever there are hyperlinks to third-party content, this information is intended to provide additional perspective and should not be construed as an endorsement of any services, products, guidance, individuals, or points of view outside Edelman Financial Engines. All examples are hypothetical and for illustrative purposes only. Please contact us for more complete information based on your personal circumstances and to obtain personalized individual investment advice.
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