A few years ago I came across a financial advice company called the Motley Fool. I liked how they spoke in relatively intelligible language for one who needs money and stocks etc explained in kindergarten terms. They seem to have a better than decent track record. Just wondering if anyone here who knows about investing has benefited from their advice. Or what resource might be better for those of us who are risk averse but may have a few extra coins to invest?
Welcome to the forum @D'Ellyn Dottir. I subscribed to Motley Fool years ago, but didn't make enough use of the info to make it worth my while.
I've come across their free articles every once in a while but have never subscribed. I pretty much keep my investments in mutual funds, and might shift the mix around from one market type to another, but I really don't even do that too much...I just leave the diversification alone. Back in the early 90s a bunch of us from work started an investment club. We formed a partnership, joined NAIC (National Association of Investment Clubs), and met monthly over the course of 3 years. We put some money in up front and made monthly contributions. We were all business & finance types (controller, accounting manager, purchasing/inventory guys, contracts managers.) Each of us had a market segment (pharmaceuticals, energy, consumer food, etc) we were responsible for understanding, monitoring and making recommendations on. Over the course of 3 years we never made any money, and we never lost any money. We were flatliners who decided we got enough of each other's company during the day, so we disbanded.
I've read their articles for years but never invested based on their recommendations. Recently I was wondering what credentials they have that would make them a trusted source of investment advice. They didn't have quite the financial background I expected. Here's what Wikipedia has on the Gardner brothers. https://en.wikipedia.org/wiki/The_Motley_Fool