Archive for August, 2007

Use Credit Cards Wisely When Selling on eBay

Is it a good idea to use credit cards to pay for inventory when starting an eBay Business?  I had a reader ask this question the other day and I think the answer is, it depends.  Personally, I use a cash back credit card to buy any inventory I sell on eBay but there are [...]

Around the PF Blogosphere: August 22, 2007

I found the following articles quite entertaining:

Consumerism Commentary says he wants to be “the second step to getting in financial gear” in an post titled The Second Step to Cleaning Up Your Finances.
Grad Money Matters shares a long list of what she does to live frugally. I found them very inspiring.
Zillow Blog wonders whether open [...]

Reader Question: Since whole life insurance has a cash value, wouldn’t that be better than a term policy?

Occasionally I receive questions from readers that bring up good topics that should be addressed for everyone, and recently I had one in regards to life insurance. The question was:
Since whole life insurance has a cash value, wouldn’t that be better than a term policy?
On the surface, this would make sense. A whole life [...]

Where to Park Cash in an Uncertain Market

The recent development in the equity market made cash and safer investments such as government bonds look attractive. If holding on hard cold cash can calm your nerve in a time of market uncertainty, there are several options you can explore to safeguard your hard earned money and still make them grow. Of these choices, [...]

How Do You Know When to Invest in a Down Market?

As you watch your investment holdings quickly diminish over the course of a few days it is easy to panic.  You might give some thought to trying to cut your losses and sell but if you’re a long term investor this is likely not in your best interest.  In fact, when the market is down [...]

Let’s Talk About Debt, Savings and Expenses: A Big Week Of Carnivals

We started with a bang this week with The Simple Dollar’s presentation of the Carnival of Personal Finance #114. I’m glad Trent has hosted our largest finance carnival this time as he never fails to trigger a huge traffic boost whenever he links out. Please do more carnivals Trent! ;) .
From that list, we [...]

Market Timing with 401K Contributions

Last Week, I said now was a great time invest in stocks. Those who listened to me are probably upset as the Dow continued to drop from around 13,250 to 12,700. They may get more upset with me in the coming weeks and months. I’m confident that in years though, [...]

Deal: TRENDNet 108Mbps Wireless Firewall Router for FREE

CompUSA has TRENDNet 108Mbps Wireless Firewall Router, 802.11g/b, for free after $50 mail-in rebates ($20 CompUSA rebate plus $30 manufacture rebate). The rebates expire on August 25, 2007. Use coupon code ONCAMPUS to get free shipping.
Sponsored By: Free FICO® Credit Score Estimator

Add to: Del.icio.us |  Digg |  StumbleUpon |  ReddIt |  Technorati | [...]

Is This Frugal? .. Or Just Not Quite Right?

I ran across this article on Wisebread (a great read, by the way) titled “Frugal Things My Mom Does“, which talks about this ketchup story:
Our kitchen has drawers stocked with drive-thru napkins, straws, plastic silverware, chopsticks, and all variety of other things. But what I find the strangest is the drawer in the refrigerator [...]

Are You Ready To Be A Parent? Know The Cost Of Having Kids

The cost is limited; the value, unlimited.

It’s time for our baby to move from his crib to a big boy’s bed. When kids start to make these transitions, you know that it’s time to prepare for some outlay. Precious they may be, they have a cost. We always knew that having [...]

Calculating My Personal Rate of Return

I have been using Quicken to track my investments for many years and feel it’s a very convenient tool. However, the biggest problem I have with Quicken is that it treats reinvested dividends and capital gains as costs instead of gains. While this is true when it comes the time that I sell the investment [...]

Non-Financial Goals: What if Your Money Problems were Solved?

About four months ago, Kenric of e-mailed me with a question. He has just written about post about non-financial goals and asked me “Do you have non-financial goals and how do they affect your financial goals?”
In his post he gives examples of some non-financial goals: visiting the Grand Canyon, climbing Mt. Everest, [...]

ING Direct Mortgage Customer Review

What kind of mortgage can actually make you money? I saw ING advertising their home loans with the slogan, “The Mortgage That Makes You Richer” and decided to do some research.  A former co-worker went through ING direct for a loan when they bought their home a few years ago so I fired up instant [...]

Add More Tools to Your Arsenal to Help Solve Your Financial Problems

I was thumbing through a book about Albert Einstein in the bookstore the other day, and I came across an interesting quote that helped to explain a concept Einstein used to solve problems. The quote itself was actually from Abraham Maslow, the great psychologist that created the hierarchy of human needs concept. The [...]

If The Stock Market Sell Off Makes You Nervous, Keep Things In Perspective

Is this bull crazy enough for you?

The finance blogosphere has been abuzz about the stock market lately, for obvious reasons. The market has been careening around wildly like the drunken bull that it is, and has caused even the most steadfast among us to become nervous. It has caused some of us to [...]

Happiness (and Money)

We’ve all heard that money can’t buy happiness. Some proof can be found in the number of lottery winners who had come upon tough times. Other proof may be had with all the difficulties that celebrities have. Many of them are far from being happy.
It was this thought that occurred to [...]

Why Do People Accept Wedding Gifts?

It appears to me that this whole wedding thing has become a profit-loss business for some people. Just read this ungrateful rant on Yahoo! Answers:
I myself am planning a wedding. It’s costing me about $35,000 give or take. (And that’s not a big number for a wedding) Now I understand if you are [...]

Market Downturn Taking a Toll on Our 401(k)s

I don’t check my 401(k) as often as I check my stock investments because, whether it’s up or down, I won’t do any on it until the rebalancing time which usually occurs at the end of the year. I have a very simply portfolio in my 401(k) plan with Fidelity. Currently my holdings include

Fidelity Freedom [...]

Is the Stock Market Down?

Did I hear someone say something about the stock market doing poorly lately? Okay, I know it’s been taking a beating but honestly I haven’t been paying that much attention.
Ignorance is Bliss?I haven’t looked at the value of my investments since June, the end of last quarter.  I haven’t checked out a chart of the [...]

Personal Finance Review – Yardwork Sucks Edition

I’ve never been a big fan of cutting the lawn, nothing productive comes of it.  You mow the grass, it grows up again, repeat 50 million times until you die or install crushed rock instead. 
I see mowing the lawn as a nuisance.  You’re not creating anything of value; the only good thing that comes [...]

Posts I Enjoyed Last Week

Jeremy at Generation X Finance asks what changes you are making to your portfolio in the latest market downturn with a poll. It seems that the majority of the people who responded belongs to the buy-and-hold camp.
Lazy Man at Lazy Man and Money wonders if anything comes with electronics nowadays. If you have to buy [...]

Stock Market Misery And The Mortgage Mess: The Roundup

I’m presenting my weekly roundup slightly differently this time, in terms of “stuff I learned this week”. Hope you like it!
Stuff I Read About This Week

The Sun’s Financial Diary: Is there a winning sector anywhere in the stock market these days?
Lazy Man And Money: Lazy Man thinks it’s the right time to buy stocks [...]

The Sunday Review #34

Here are links to some top articles published over the week.

The Dow is Falling Through Support Levels: Is the Worst Yet to Come? by Jeremy @ Generation X Finance. An excellent analysis of the latest stock market stumble. Fortunately, I think Bernanke heard Jim Crammer’s rant and acted on it – that gave some [...]

Video: Reuters Business Recap for the Week of August 13, 2007

What a week!
After three losing sessions early in the week, the stock markets made a huge comeback Thursday. At one point, the Dow was down some 340 point, only to finish the trading day 15 points lower from the previous session. the S&P even made to the positive territory with a gain of 5 points. [...]

Weekend Personal Finance Review – Movie and Drinks Edition

Last night could have been one of the most fun and interesting nights of my life, but for some reason I just wasn’t in the right frame of mind. It started off with a trip to see American Fusion, a new independent film showing only in select cities. My wife knows a [...]

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