Ignorance is Not Bliss…Ignorance is Ignorance

The phrase “ignorance is bliss” originated from the 18th-century poet Thomas Gray, who wrote “Where ignorance is bliss, ’tis folly to be wise”. 

And according to the dictionary, the definition of bliss is:  supreme happiness; utter joy or contentment.

Compare that to the definition of folly: the state or quality of being foolish; lack of understanding or sense.

So, when you apply the two definitions above to Gray’s quote it makes absolutely no sense.

Because the definition of ignorance is:  the state or fact of being ignorant; lack of knowledge, learning, information, etc.

How does this apply to investing?

Simple.

There isn’t a day that goes by without you hearing how someone got in trouble and claimed, “I didn’t realize what I was doing…It’s not my fault…they took advantage of me.” Etc.

In the financial world this is commonplace.

And in many cases, it’s true.

Why Ignorance is Not Bliss

Ignorance is not bliss because people use it as an excuse for being lazy.

As a result, too many people get burned in the stock market or by an unscrupulous broker, because:

• They’re lazy and think that investing in the market is somehow going to magically make them rich.
• They admit that “It’s too complicated so I just let someone else make all the decisions.”

Then, these “victims” whine about how they got ripped-off.

Let me be blunt.

People who rely on ignorance to cover their mistakes deserve to get burned.

Think about it!

Most people spend more time planning their vacations or Christmas parties than they do with their investments.

Another example is when you buy a car.

Most people spend a lot of time researching cars.

Then they travel from dealer to dealer hoping to get the best deal on an asset that immediately goes down in value when you drive off the parking lot.

And before the sale is complete, they end up spending three hours or more on the paperwork alone.

Yet, these same people blindly turn over their investments (or 401k money) to a system that’s designed to take money from you in hidden fees.

Do you know anyone like that?

Don’t be ignorant.

Learn how to separate the “wheat from the chaff” of the investment world in our monthly newsletter (HERE).

Because in it we show you how to avoid paying excessive fees and get the biggest bang for your buck…while avoiding most of Wall Street’s traps.  See for yourself (HERE).

Share this with a friend…especially if they think their financial advisor is going to make them rich.  They’ll thank YOU later.

And tell them:

We’re Not Just About Finance

But we use finance to give you hope.

“And you shall know the truth, and the truth shall make you free.”