I went to a get together tonight with some friends, and talked about all sorts of topics. The least popular, by people’s reactions, was personal finance.
People, in my experience, find Madoff somewhat interesting. They sometimes find a bit of Wall Street bashing a bit entertaining. And they find John Bogle and ETFs plain boring.
My issue is that I find the details of ETFs, markets, exchanges, and bonds fascinating. I want to get inside of people’s heads to understand just why is finance boring or even vaguely repulsive? My first thought is that somehow people feel that making money from investments is less morally redeeming than through work. Another thought is that “respectable people don’t talk about money.” Perhaps they find finance and all its jargon overwhelming. Perhaps they have other more important things to focus on than their portfolio.
My mission with this finance blog is to find ways of helping people make better financial decisions. A secondary goal is to bolster confidence in these financial decisions; to help people sleep easily at night with their financial strategy. Finally, if possible, I would like to help people see finance through my enthusiastic eyes… as the minor miracle that it is.
The first two goals seem very achievable, while the third seems ever remote. Really making sound financial decisions, and feeling secure in those decisions is important. Perhaps, making finance interesting is not so important. There are a handful of people, like myself, who find finance intrinsically interesting, while the vast majority of people could care less about money, investing, stocks, commodities, ETFs, options, futures…. hey, you in the back, quit snoring… mutual funds, gold, ETNs, annuities, insurance, loans, equities… oh, crap I think I might have dozed off a bit myself.