Paul B. Farrell: Five steps to taking control of your portfolio

Paul B. Farrell: Five steps to taking control of your portfolio - Financial - Financial Services - Mutual Funds - Personal Finance

This is a good read. I buy into the empowerment aspect of this. I do not buy into the implication that you will stop losing money by being your own money manager. When the stock market goes down your account will go down too.

Also if you call a place like Vanguard as suggested you will be run through a computer model with less chance for customized investment advice. This doesn't make Vanguard bad but it is an obvious drawback that the article does not mention.

If you read this blog, you probably read other blogs and take in other sources of information. This makes you well on your way to managing your money successfully.