Archive for January, 2008

A Look Back at the Past Year of Mutual Fund Reviews and Their Performance

Starting in January of 2007, I began highlighting various mutual funds and provided a brief analysis and review of each. Some of the funds are very well-known, while others are small and go practically unnoticed by the investing community. I don’t claim to be an expert fund selector, and none of these funds are [...]

Oops I Lost 7 Billion Dollars

This piece of news caught my eye this morning… a single trader blamed for 7.15 billion USD fraud at French bank, Societe Generale. I don’t know about you, but if I lose $10 through some kind of fraud, I get pretty upset.
I can’t help to think about the scam in Office Space to sweep [...]

The Patriots And The Business Of Winning

If you are one of the many people who haven’t cut the cable television, you might want to set your VCR or DVR for to tape CNBC on Sunday 7PM ET. CNBC is going to air a special called Touchdown!: The Patriots And The Business Of Winning. Regular readers of this site, know [...]

Suspicious Bank Fee on Your Statement? It Might be the Elusive Regulation D Savings Account Fee

If you have a savings or money market account at a bank or credit union, it has limitations on certain transactions set by Regulation D, which was established by the Federal Reserve Board to implement reserve requirements for depository institutions. Regulation D limits the number of electronic transactions on a savings or money market [...]

Monitor Your Credit Report, Frugality For College Students @ The Carnivals

Sorry, I haven’t been that active with carnivals lately but that hasn’t stopped me from visiting them and catching a few articles of interest.
I really should get back to joining the carnival crowd at some point but I’ve been pretty short on time lately. We’ll see how it goes!
Anyway, here are some [...]

Poll: What’s Your Top Concern in Case of a Recession?

Let’s face it, what we are seeing now are not pretty: turmoil in the financial market, slumping home value, slowing consumer spending, rising unemployment rate, and falling stock prices. The talks of a possible recession, if we are not already in it as some people have argued, are getting louder and louder these days as [...]
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Lending Club Gets a Makeover

I logged into my Lending Club account yesterday and was surprised to see quite a few new features.
New My Account Screen

The My Account screen has a great loan summary area. It’s divided into about 4 main areas. On the left you have loan status informing you how current or behind your loans are. [...]

Buying More Private Stock

I got wrapped up in writing a few other articles; I should have written about this large investment earlier. For the second time in twelve months, I made a very risky investment buying stock options. (You can read about my first risky investment here.) I have invested over $5,000 this time. I [...]

Update: Active & Passive Funds Comparison

Early this month, I read an article on USA Today with title, Index funds are never out of style. The article pointed out that for the past 10 years, the return of diversified US stock funds, which include small-, mid-, and large-cap funds, averaged at 6.7% while the S&P index returned 5.9% a year. The [...]
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Net Worth Update – January 2008

I missed posting this in the middle of the month; I wanted to get some articles posted last week that I felt were more interesting. I did manage to grab a snap shot of my accounts from the 15th. With the stock market dropping like a ball on New Year’s Eve, I knew [...]

The Stock Market Ruined My Life – NSFW Video

Here’s someone who’s really depressed.
Somehow I caught wind of a You Tube video that presents a massive rant by a young guy who reminded me somewhat of my bro-in-law in appearance and investment philosophy . Of course, I haven’t had the experience of witnessing my brother (as I would call my in-law) go [...]

Weekend Links – Martin Luther King Day Edition

It’s Martin Luther King day. For some that means you get the day off. Others have to work a normal day. Either way, it’s worth reading up on some Martain Luther King Jr. history. When you are done with that catch up on some personal finance links.

Jeremy doesn’t like the [...]

Mutual Fund Review: Royce Micro-Cap Fund (RYOTX)

On January 14th, 2008 Royce reopened a number of funds, including the Royce Micro-Cap Fund (RYOTX). I’ve always been a fan of the Royce family of funds, and I’m thrilled to see this fund opening to new investors once again. This fund is a true micro-cap fund with over 75% of its holdings [...]

Are You Depressed Today? Some Tips To Cheer You Up

It’s not just because of the recent plunge in global stock markets either.

Okay, this is the first time I’ve heard this type of thing, but apparently, today is the worst and most depressing day of the year.
Chuck it up to an agglomeration of factors that come together to make us feel like crap. [...]

Weekend Linkage – January 20, 2007

Relocating? Silicon Valley Blogger at The Digerati Life provided an informative post on how to control the cost of moving from one cit to another.
Have you ever heard of 401(k) debit card? I never until I read the post by Jeremy at Generation X Finance, in which he declared that it could be one of [...]

Money Mistakes That Can Cost You BIG ($1,000,000) @ The Roundup

As I constructed my reading list this week, I must say that there was one article that I thought deserved a bit more attention. Kudos to The Sun’s Financial Diary and Free Money Finance for bringing to light one of the single most important personal finance articles you should read, at least in my [...]

Free Schick Quattro Titanium Razor

Hurry! Claim your free Schick Quattro Razor while the supply lasts. You can never have too many FREE razors
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Original post on The Sun’s Financial Diary.
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Moving To A New City? Ways To Manage Your Relocating Costs

How to keep your moving costs down: first make sure you hire reputable movers!

A few weeks ago I had a writeup about the true costs of relocating. It turns out that it can cost upwards of $10,000 to move to a new town. When I moved from a 4 bedroom home in one [...]

Friday Finance Findings For January 18th

Winter finally has a grip on the Midwest as temperatures begin to drop into the single-digits with wind chills around -20 degrees. Every winter I think about how I’d love to move somewhere warmer, but it just isn’t that easy to do. Anyway, if you haven’t noticed, Jim from Blueprint for Financial Prosperity interviewed [...]

Zecco Dividend Reinvestment: More of a Hassle than Convenience

I knew Zecco offers free dividend reinvestment, the only problem is I don’t know how to set it up.
When I logged into my account yesterday, I noticed that there’s a $20 dividend from my investment in Blackstone Group (BX) (not that I appreciate the money given how much the stock has dropped since it’s IPO). [...]

Did Lazy Man Hurt Erin Burnett’s Career?

Earlier this week, a reader wrote me to tell me that the media is exploding over Erin Burnett’s Men’s Health article. I don’t know how I missed all the news, but I give many thanks go to Sam for updating me.
Regular readers may remember that I wrote Why I Would Not Impress CNBC’s Erin [...]

Random News: First Set of Zecco Referral Bonuses Distributed, $100 OptionsXpress Bonus Received, and Account Transfer to TradeKing Completed

After learning that Zecco relaunched its referral program last December, I set up a referral program of my own shortly after. With my program, I promised to share $20 of the $50 bonus Zecco rewards me for each new account I refer to them. In the first 2 weeks after I put up my program, [...]

Poll: Will an Economic Stimulus Package Help the Markets/Economy?

President Bush and Federal Reserve Chairman Ben Bernanke today endorsed the idea of an economic stimulus package to boost the flagging economy, as Bush began discussions with congressional leaders on the next steps.
Both parties support tax rebates for individuals, to get cash into consumers’ hands quickly. Democrats would also like to increase funding [...]

My First Stock Market Moves: How I’ve Lost and Made Money In The Market

What has Michael Jackson got to do with my money?

I’m in a retrospective mood, so I thought I’d share with you a couple of stories about my earliest experiences in the stock market. There’s been such a stark juxtaposition between some of these experiences that I thought it was well worth discussing. When [...]

Consumer Reports: 12 Money Mistakes That Could Cost You $1,000,000

In the February issue of Consumer Reports, the magazine has a cover story which lists 12 costly common money mistakes people usually make. Before I bring up the list, may I ask what mistake you think could be the most expensive one in the long term? Not save/invest enough for retirement? Carrying too much credit [...]

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