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Income Statement, August 2005

by Flexo

In conjunction with my August balance sheet, here is my August income statement, followed by some notes.

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Your Money Is Dumb

by Flexo

(It’s all right, mine is, too.) Here’s a lovely article from Slate, You and Your Dumb Money. The author succinctly explains the difference between smart investors and dumb: Smart money (big-time hedge-fund managers, private-equity honchos, leveraged buyout kings) reliably outperforms the market. Dumb money (individual investors, the sort of people who casually watch CNBC for ... Continue reading this article…

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Letting Terror Affect Your Investment Strategy

by Flexo

When terror strikes, it’s easy to think about September 11 and the poor performance of the stock market following the event. It may be better to wait this one out before running for the hills and cashing out. It’s better not to make hasty decisions based on world events. CNN Money offers that same advice. ... Continue reading this article…

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More Signs of a Housing Bubble?

by Flexo

Carnival of Personal Finance #2 has been published at Blueprint for Financial Prosperity! Bloggers can still submit articles throughout the day. Do it! Standard & Poor’s Rating Services is making it more difficult for individuals to obtain adjustable rate mortgages (ARMs). Their official stance is that this type of loan is the only factor that ... Continue reading this article…

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Where Is That Raise?

by Flexo

In case you have forgotten or thought the situation has improved, pay is not keeping up with the cost of living. According to the article from Investor’s Business Daily, The working poor and middle class are getting hit the hardest. Higher gas and food prices buffet hourly wage earners the most. Skilled white-collar workers are ... Continue reading this article…

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2004 Investment Performance

by Flexo

According to my Microsoft Money 2004 report, my investments did well in 2004. My 401(k) produced a 23.9 percent return over the year, not accounting for my employer match, just the change in fund values. My Roth IRA delivered a 17.2 percent return. I have a regular investment account that provided me with a less impressive 6.8 percent ... Continue reading this article…

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Having a Six-Figure Salary Doesn’t Hurt (But I Wouldn’t Know)

by Flexo

In this article from CNN Money, Marc and Elesya cite MONEY Magazine (CNN Money’s offline counterpart) with helping them determine their strategies for building their net worth. You know, it would be great to see some stories about poor schlubs like me just trying to get by in a mediocre-paying job renting an apartment by ... Continue reading this article…

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The Lottery

by Flexo

The Motley Fool has some tips on how to teach kids about the lottery. They suggest showing children some sort of physical manifestation of what the odds are really like. I think that’s a great idea for demonstrating how money is wasted. While we’re talking about the lottery, MSN Money also has an article about ... Continue reading this article…

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