Weekend Personal Finance Review – Boston Sports at their Peak? Edition |
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My regular readers know that I'm from Boston and that I'm a huge sports fan. I've been blessed by seeing the great Celtics teams in the 80s, the Red Sox World Series in 2004, and the Patriots three Super Bowls this decade. The stars may be aligned for 2007-2008 to top all that in Boston Sports. The Red Sox have the best record in baseball and are pulling away from the Yankees. The Patriots seem to be Vegas' pick to win the Super Bowl. While I don't follow basketball much, the Celtics brought in 3 great players I've heard of, and are considered to be a competitor again. All the potential and talent is in place, it's up to execution. While I continue to root for the Red Sox and the prepare for the start of the NFL season, catch up on some of these articles I liked earlier this week.
I was happy to be included in The Simple Dollar's hosting of the Carnival of Personal Finance. It's well done and well worth checking out.
This week Blueprint for Financial Prosperity evaluates whether indenity insurance is worth it. I saw a commercial for LifeLock the other day. The President (or someone affiliated with the company) advertised their Social Security Number on an advertising truck. They offer up to a million dollars worth of identity protection for $99 a year, which I thought is quite a bit.
Generation X says you should add more tools to your financial arsenal. The quote of "When the only tool you own is a hammer, every problem begins to resemble a nail" is one of the best I've read in a long time. While on the subject of tools, Free Money Finance gives some good financial calculators. I personally like the Advanced FireCalc - by far the most impressive I've used.
Money Smart Life asks how you know when to invest in a down market. The answer for me is to invest in all the markets. There is no "when", there is just "do".
Continuing on that trend, The Digerati Life says it's best to keep a level if the markets make you nervous. I'm of the mindset of, "How much should I buy? I want in!"
Money, Matters, and More Musings write about the lack of relationship between intelligence of wealth. I was too Lazy to read the original study, but wealth is a lot more than money. The study seems to be saying there is no link between intelligence and ability to save money.
The Sun (not the one in the sky, but another great Sun) writes about weathering the stormy market with a rebalanced portfolio. Reading the article left me winded. There's an avalanche of good ideas there. I'll stop the weather analogies, however, with the US markets and dollar being questioned this might be a time to re-assess your international asset allocation.
Five Cent Nickel writes how to make money in the stock market. It seems like you lose a lot of money by missing the 10 biggest days in the market - many of which come after the big losses. I wonder about the other side of the coin. The natural question that everyone asks is how much do you gain by avoiding the 10 worst days in the market?
Mighty Bargain Hunter comes up with a great of idea of making money by organizing information. If it sounds a little familiar, organizing the world's information is what Google does - and they make a lot of money doing it.
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