A 'Roadmap to Riches' worth following

Monday, Nov. 2, 2009

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I have a relative who wants me to help him manage his investments. He's a very smart guy but hasn't had the time to learn how to do it himself, and he's pretty sure his adviser doesn't have a clue.

Many of you are experienced investors and probably have encountered a similar situation. You'd like to help, but you don't want to take on the responsibility of someone else's financial future.

One way out of this dilemma is to direct friends and relatives to MSN Money's updated New Investor Center. We've added a new multimedia feature, "Roadmap to Riches," that will instill the confidence novice investors need and motivate them to get started today. Our Roadmap features fascinating video from our partners at the PBS show "MoneyTrack," including one about a 14-year-old who amassed a six-figure nest egg and another about a parking lot attendant earning $12 an hour who built his net worth to more than $1 million.

Even if you're willing to step in and help someone, as I have been with my relative, our Roadmap to Riches can help you get the conversation started and build a common understanding of risk, how to mitigate it and how to use the tools of investing.

Please take a look and drop me an e-mail to let me know what you think.

Richard Jenkins, editor-in-chief

Also new on MSN Money

PAIN AT THE PUMP: Oil and gas prices are rising, making Big Oil a hot investing play again. Jon Markman wonders why anyone would be surprised by this, as he explains "Why Big Oil is on its way back."

HEALTHY AND WEALTHY: Sometimes it seems like saving money on food and eating healthy can't go together. Donna Freedman begs to differ. Read "12 healthful foods for $1 or less."

BANKING OR TRADING: Remember how banks used to give you a toaster for the privilege of handling your passbook accounts? Those days are over. Big banks are bouncing today because of trading and investing, and they'd rather not bother with your paltry account. Jim Jubak explains in "Why big banks hate banking."

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