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Metaphysically Authoritative

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Money Talk > The Blue Room

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smk
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Cash: $ 37.05

Posts: 183
Joined: 12 Dec 2012

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quote:
I don't believe this applies here.


you don't believe but you don't know. for my money i would ask someone qualified to answer...

i think it is important when you really have no knowledge of a subject to avoid guiding people as if there was some knowledge. in this case i think there is sufficient reason to ask the question and i don't think they should be discouraged from doing that. i don't know what answer they would get.

Steve Kanney, CFA
http://www.integratedfinancialny.com/index.html
Any comments made are designed to help you make your own decisions and do not consititute investment advice.
Post Wed Jan 30, 2013 11:57 am
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Wino
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Location: Dubai
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So, since you state you don't know, and you think that not knowing means you should say nothing, aren't you violating your own rule?
Post Wed Jan 30, 2013 3:34 pm
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smk
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Cash: $ 37.05

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Joined: 12 Dec 2012

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quote:
Originally posted by Wino
So, since you state you don't know, and you think that not knowing means you should say nothing, aren't you violating your own rule?


good question. if you know the answer, you should know that you know the answer. if you don't know the answer but know enough that the question is meaningful and should be asked, you should know that and ask the question. that's what i did. if you don't have any realy knowledge on a subject, you should know that you don't have any real knowledge on the subject and not offer suggestions as if you do. you suggested the question should not have been asked because the credit card debt may not have been accumulated by actual medical payments. normally the irs has no concern about which instrument was used to make the payments, but only if medical payments were made during the year. to the extent the op trusted your suggestion and did not ask a question, if the response they received was that they would not have to pay the tax, it could be very costly to them.

Steve Kanney, CFA
http://www.integratedfinancialny.com/index.html
Any comments made are designed to help you make your own decisions and do not consititute investment advice.
Post Wed Jan 30, 2013 4:09 pm
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smk
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Cash: $ 37.05

Posts: 183
Joined: 12 Dec 2012

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quote:
OK, guys, it's getting way too metaphysical in this thread (and off topic). Take it to the pub and hash it out over cold (or hot) beverages of your choice.


actually, this in not a bad topic. winno seems like a well intentioned person, so there is nothing personal. but your site has some concerns about people playing themselves off as experts and being "right." if i remember correctly, the cfa program requires you to know about insider trading laws. you are not held accountable to be a lawyer, but you are held accountable for knowing when you need to call one. what about knowing accurately where you are and portraying it honestly as a standard? the accuracy is the hard part... Sad

Steve Kanney, CFA
http://www.integratedfinancialny.com/index.html
Any comments made are designed to help you make your own decisions and do not consititute investment advice.
Post Wed Jan 30, 2013 7:31 pm
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