
This section of my site is for my brief (I seem to have a problem with
being brief) notes or comments on finance, politics or just anything
that strikes me. This is the part of the site that is most like a
true blog. Enjoy.
I've updated my links page with a new link to
pfblogs.org.
A quick not about my upcoming book. The slow process of getting this
done has taken a major step forward and I expect to have something in
about a month from now.
It's been a little while since I posted because I am feverishly
trying to finish my book. That's right I'm
writing a book. I did manage however to put
this post together since it had such relevance to
my book.
I think a big part of this site is to let you know that brokerages
and mutual fund companies want to sell you something to make
themselves rich rather than help to make you rich.
This article on Marketwatch.com is a perfect example.
Bill Donoghue writes:"Putnam's latest advertisement includes some
impressive numbers -- but none of them reflects portfolio performance.
Seriously, who are they trying to fool?"
Well I've been away for a while having traveled to the west coast for
some wine tasting and other vacation activites. That trip inspired
this post about the good life. And
this post about my shopping trip to
Rodeo Drive in Beverly Hills.
When I got back from my trip I was feeling a bit under the weather
but should now be back to my normal yet irratic posting schedule.
I've updated my links page with a couple of
links to writers I enjoy reading on
Marketwatch.com.
I've also added a few new posts so check out my
welcome page.
I think
this post on the Motley Fool suports my post
on people who are in trouble because of the high price of gas. I
agree with Ms. Yochim that saying gas prices are the reason you're
falling behind in other places is just and excuse for poor financial
discipline.
this post to test yourself
and your ability to scale back your over-spending. Or
this post that was my response to some unbeleivable spending I
saw mentioned in an article.
Check out
this article on the Money Magazine website. We all hate taxes
right but that doesn't mean any idea that sounds good really is.
Check my post on the subject of taxes.
September 19, 2005: When you don't experience something, no matter
how common it is for others, you're shocked when you see it. I'm
talking about the price of cigarettes. I don't smoke so I have no
idea how much it costs but last night I was in the store and saw a
guy buy a pack for $5.65. I know it's hard but quitting will save
those who smoke a lot of money in addition to their health.
Things you should never do: Bounce a
check, pay ATM fees, pay the minimum to a credit card, pay a bill
late, (more to come)
Need Vs. Want: Chuck Jaffe at Marketwatch.com
has an article that says people
are caught between wanting things and worrying about the future.
Basically it's a struggle between instant gratification and saving
for the future. Or as I call it the struggle between need and want.
A good
article on the hidden cost of the things we buy. It's not just
the cost of things, it's the maintenance and upkeep on them after you
buy.
I was in a spending mood the other day. I don’t usually get that way
but I thought that I might want to catch up on some DVD purchases I
was planning. I was a big fan of the show “Quantum Leap” and I own
the first two seasons on DVD. I figured why not pick up the third
season.
Why not? Because I haven’t watched the second season yet. After
watching the first season how many times do you think I’ve gone back
and watched them again? That’s right, never. So why did I buy
them in the first place? The same holds true for other DVD
collections I have. I might watch one or two episodes of “Buffy
the Vampire Slayer” now and then but did that occassional viewing
justify the money I spent on each season?
The same is true of various “Simpsons” seasons I have although I do
tend to watch these more often than the other programs I own. I
was shocked to see that I spent about $250 on the various DVD
series I have. I know friends who have much more extensive
collections than I do but who have trouble making ends meet
financially.