The Investment Answer: 5 Questions From An Insider

I didn't know too much about Gordon Murray until last year, when I heard about his book, "The Investment Answer". After being diagnosed with deadly brain cancer six months ago, Murray decided to use his remaining time to help ordinary investors better navigate their financial lives by revealing some well-kept inside Wall Street secrets.

The story is dramatic because of Murray's illness and death, but I was also taken with the idea that a guy who used to be part of the inner circle made points that are contrary to so much of the industry mumbo-jumbo.

Murray died on January 15th and to honor his legacy, I appeared on CBS3 to discuss the 5 Questions that every investor needs to ask.

Here are the 5 Questions:
1. Where will you turn for advice? Fee vs. Commission

2. How will you divide up your assets? Stocks/bonds/commodities/cash

3. Are you really diversified? Large vs. Small; US vs. International

4. Will you invest actively or passively? Index vs. Managed

5. Will you rebalance your portfolio?

Read More:
Final Advice from a Dying Investor

Jill Schlesinger

Jill Schlesinger, CFP® is the Emmy-nominated business analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.

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