Here's a nice Reuturs article interviewing Warren Buffett and Charlie Munger shortly after the recent Berkshire Hathaway shareholder meeting. On index funds and beating the market: Warren Buffett said on Sunday most investors are better off … [Read the rest]
Hello Six Figures! My Inexperienced Thoughts On Careers
Posted on May 16, 2007 // 36 Comments
Even though this blog is about money, and the source of most people's money is from their jobs, I don't really talk about careers that much. One reason for this is because I'm not experienced at the corporate game. I've never reached the point in … [Read the rest]
Make-A-Goal Experiment Final Check-In: How Did You Do?
Posted on May 15, 2007 // 41 Comments
Exactly six months ago on November 16th, on a whim I started a Make-A-Goal Experiment. I wanted to encourage people to set a six-month goal for themselves, and follow through with tracking it for six months. I even promised a prize for those that … [Read the rest]
Why Aren’t Money Managers Paid Purely On Performance?
Posted on May 14, 2007 // 50 Comments
I recently received an e-mail that went like this: "It's not expenses that matter, it's total return after expenses. You could charge 1% but if I make you 30% who cares? Why don't people understand this? I offer my clients superior performance … [Read the rest]
Are 0% APR Balance Transfer Offers Coming To An End?
Posted on May 14, 2007 // 23 Comments
If you are making money off of balance transfers or have been considering it, the following observations might be of interest to you. Otherwise, it probably won't ;) The Bad News A few months ago, Citibank started saying "Balance transfer fees … [Read the rest]
Surprising Truths (and Half-Truths) About Credit Card Debt
Posted on May 12, 2007 // 20 Comments
You've probably heard that the average American has over $8,000 of credit card debt. It's been quoted all over the place. But does that single stat accurately explain the whole picture? A popular source of this data is CardWeb Inc., which tracks … [Read the rest]
Zecco Speeds Up Account Opening Process?
Posted on May 11, 2007 // 25 Comments
A mere two days after I ranted about Zecco's slow opening procedure in the second part of my Zecco Free Trades Brokerage Review, reader Richard alerts me that they have removed the mail-in paperwork requirement for many new applicants. After … [Read the rest]
Kiva Review: Giving a Virtual Hand Up, Not a Handout
Posted on May 10, 2007 // 68 Comments
I've written about Kiva before, but since I loaned some more money out today I thought I'd bring it up again. Kiva.org allows individuals to make loans starting at $25 to low-income entrepreneurs in the developing world, also known as microcredit. … [Read the rest]
Emigrant Direct Signup Bonus Update – March Payouts
Posted on May 10, 2007 // 6 Comments
Payout instructions for my Emigrant Direct Referral Bonus went out over the last two weeks for those that either sent me their Form #2's or Claim Form A's in March. Please let me know if there are any questions. Emigrant Direct offers an online … [Read the rest]
What If Vanguard or Fidelity Went Bankrupt?
Posted on May 10, 2007 // 31 Comments
Continuing on the line of thinking started by my post on What if my bank fails?, the next question might be what if my mutual fund company went bankrupt? I mean, I have a lot of money in Vanguard and Fidelity right now. What happens if one of them … [Read the rest]
Zecco Free Trades Broker Review, Part 2: Corrections, Funds Transfers, and Trading Experiences
Posted on May 9, 2007 // 132 Comments
This is the second part of my review of the Zecco brokerage account. If you haven't already, please read the first part of this review, where I went over the main draws of Zecco and the account opening process. Here, I will finish up my review of the … [Read the rest]
Comparing the Performance and Tax Advantages of Index Mutual Funds vs. Index ETFs
Posted on May 7, 2007 // 10 Comments
A reader e-mailed me an interesting article about index funds from today's Wall Street Journal entitled A Close Race, a Surprising Finish. It's only available for 7 days, after that a subscription is required. The basic idea was to try and … [Read the rest]
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