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The State of the Web

by Flexo

As blogging became more mainsteam — first in 2000 with Blogger, then after 2001 with all the political blogs that arose from seemingly nowhere — new business models developed. On one front, bloggers have convinced the corporate world that blogs should be an integral part of a company’s marketing and public relations plan. It’s a ... Continue reading this article…

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Foreign Exchange Trading

by Flexo

An article in the Wall Street Journal, Currency Markets Draw Speculation, Fraud [free], talks about day trading in the foreign exchange market. The story focuses on Marc Coppola, one of my favorite Q104.3 DJs, who apparently also dabbles in trading foreign currency. To summarize, this type of trading has grown in popularity despite its risk. ... Continue reading this article…

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Hands Off The 401(k)

by Flexo

Hewitt Associates, the same company that processes my company’s accounts payable, has performed a survey regarding 401(k)s. They discovered that almost half of workers leaving their jobs convert their 401(k)s to cash. This is despite the fact that in addition to income tax, there is a steep penalty (10 percent) for cashing out the tax-deferred retirement ... Continue reading this article…

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Career Advice

by Flexo

Here’s some good career advice that has netted millions of dollars for some lucky individuals: If you want to get ahead quickly, leak to the public a sex video of yourself. It’s worked for the likes of Paris Hilton and Rob Lowe.

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Welcome

by Flexo

Welcome to all new readers coming from the Wall Street Journal Sunday Edition. [Alternative link to article.] You may be interested in an introduction to this website or a list of what may be the best of Consumerism Commentary. My latest balance sheet and expense report is here and you can browse entries by category ... Continue reading this article…

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NetWorthIQ

by Flexo

There’s a new web tool in beta called NetWorthIQ. Its purpose is to allow people (anonymously, if they wish) to share their net worth and track their finances month after month, similar to the way I do at Consumerism Commentary. NetWorthIQ has potential. I signed up and entered my net worth in less than two ... Continue reading this article…

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Best Place to Live is 45 Minutes From Me

by Flexo

According to Money Magazine and CNN Money, Moorestown, New Jersey is the Best Place to Live. The article describes Moorestown as a small, affordable town with a quaint feel. Beware: the town was founded by Quakers and you can’t buy alcohol. Have no fear, Philadelphia is only 15 miles away. (Is that always a good ... Continue reading this article…

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Free Prizes May Not Be Worth It

by Flexo

In some cases, it might be better to decline contest winnings [free WSJ article] than to accept the prize. The income tax due on winnings might be more than what it would cost to buy the prize outside of the contest. In the article, a man declines free American Airlines flights.

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