Archive for June, 2005

Bank Marketing Gone Bad (And a Note to Sam’s Club)

I get offers all the time from my bank offering me a great deal to open an account with them. In the fine print, it says the offer is good for “new customers only.” I always want to scream at them:
“I’m already a customer of yours — stop sending me offers as if […]

Thursday, June 23rd, 2005

Meltdown investments - “diversifying”

I get itchy and restless whenever some pop culture financial expert starts talking about “diversifying.” They’re talking about owning both stocks and bonds.
Equities and securities! Well, well that covers the whole gamut, doesn’t it? Maybe not.
If you think (please say you don’t) that stocks go up when bonds go down (and vice versa), you can […]

Wednesday, June 22nd, 2005

The Wall Street Fix

I ran into this excellent Frontline documentary a while ago and with Bernard Ebbers about to be sentenced for various counts I thought it may be worth another look…[more on site]

Wednesday, June 22nd, 2005

Best Advice I Can Give — Blogger Edition, Part 2

Here’s the next installment from top personal finance bloggers offering their single-best piece of advice. Today, we’ll hear from Steve Mertz from In Cash Flow We Trust:
“If you were speaking to your best friend about your current financial prosperity, or lack of it, how would you finish this sentence ? ‘I wish I would […]

Wednesday, June 22nd, 2005

Meltdown investments - gold

I have been a fellow traveler of the gloom-and-doom gold bug community off-and-on since about 1971. I really enjoy exercising my paranoia when I’m not floating on clouds of excess exuberance. That’s the kind of investor I am.
I mention this since it has pretty well been decided in pop culture that we are headed […]

Tuesday, June 21st, 2005

Best Advice I Can Give — Blogger Edition, Part 1

Last month I ran a series of articles where I asked five top personal finance experts to offer their single best piece of advice. I received some great comments and feedback on the series (including a mention by Business Week’s financial blog and Carnival of the Vanities), so I thought I’d do it again, […]

Tuesday, June 21st, 2005

Cash, Charge or Fingerprint?

Retailers are experimenting with biometric [fingerprint scanning] as way to speed up service and prevent fraud:

Monday, June 20th, 2005

If we were contrarians…

The contrarian investor looks for indicators that the Common Wisdom has caught up with a Good Thing and therefore it is time to abandon that Good Thing.
For example when the popular financial press cannot stop frontpaging Bull Market excitement, the Bull Market may be saturated. The contrarian would sell stocks and sit on cash.
But what […]

Saturday, June 18th, 2005

Save On Taxes With A Home Based Business

One of the best moves you can make to save money on taxes is to start a home based business. By having a section of your home dedicated to your business, you qualify for a vast array of deductions…
“…What you probably have not considered (unless you are already doing so) is that the tax deductions […]

Thursday, June 16th, 2005

Stop Smoking — It’s Killing Your Finances

A short post today for all of you who smoke or know people who smoke.
Summary: you’re paying a lot of money to kill yourself.
Buying cigarettes can really add up. If someone smokes half a pack a day and a pack costs $5, that’s $913 per year wasted. If it’s a pack a […]

Wednesday, June 15th, 2005

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