Motley Fool

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The Motley Fool is the name of a financial website that began in 1993, although it is now far more. From its early origin as the brain-child of two brothers in Virginia, the Motley Fool has developed into a multimedia financial services concern which gets its point out via its web sites in the USA, the UK and Australia; books, newspaper columns, TV appearances and newsletters.

The publicity on their website says that the firm got its name from Shakespeare, who said that the king's fools were allowed to tell him anything without fear of being beheaded, so long as it was in an entertaining manner. The Motley Fool might have lost its head.

For while their personal investing advice is as helpful as anything else you will probably read anywhere, the comedy can be a little thin.

Nevertheless, the advice is sound and the structure of the web site with its discussion boards leads to many exciting, current debates by knowledgeable (and a lot less well-informed) investors all keen to put in their two penn'orth.

There is info on most facets of personal finance on the web site, ranging from advances to investments like stocks, shares, bonds and mutual funds.

The website is full of with hints and tips on how to make and invest money. You will find recommendations on things like finance software, dividends, stocks, and how much you ought to get investing from your monthly salary.

There are regular features on other aspects as well like which is the best electric or gas company, getting out of debt and credit repair. Another feature is their interest in stocks, shares and mutual funds.

The panel at Motley Fool are managing a 'million dollar portfolio' of their own real money on line and members of the website are permitted to watch, discuss and copy every transaction.

Only a certain number of people are allowed in at any one time, so you might find this section closed to you, but you can register to be told when a space comes up.

In the meantime, you could become a member of one of the CAPS Contests which simulate investing on the stock exchange with imaginary money in mock portfolios. That is, you play with make-believe money, but the awards are real enough.

These competitions are immense fun and the best method of being able to learn about the stock exchange and market movements without it ruining you.

All in all, it worth adding the Motley Fool to your list of Financial Favourites because there is such a wealth of free financial knowledge there which seems to come from the heart of the managing, owner brothers and their colleagues. Sure, they receive commissions on everything and endeavor to sell a pro version of the web site, but there is still loads of free stuff there too.

One word of warning however: while the financial guidance and suggested links are fairly decent, do not go there expecting to have a good laugh, because the humour wears rather thin after around five minutes.
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