How Good is Popular Personal Financial Advice?
Patrick Boyle On Finance
00:00
The Differences Between Popular Financial Advice and Academic Advice
Choi analyzed the advice on things like optimal savings rates, strategies for dealing with debt and asset allocation. Choi found more differences than similarities between popular financial advice and that given by academics. He says it may still make sense for people to follow such advice if they take into account constraints faced by regular people.
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