Over the past three years I’ve read many financial books across various subtopics. Although I had intended to take a break from the finance books, I couldn’t pass up a chance to read this book.
More Than You Know: Finding Financial Wisdom in Unconventional Places (Updated and Expanded) by Michael J. Mauboussin for me was a [...]
This March in the post IndyMac I’m Never Coming Back, I wrote how as soon as my CD matured I closed out my account.
This morning my CD with IndyMac bank matured. IndyMac has the lowest rating a bank can receive with Safe and Sound ratings. After seeing Bear Stearns implode in days, I didn’t need [...]
In a post earlier this week TheTailGunner posted his success buying individual stocks since 2004. From The Market has been good to me:
On July 16th, 2004, I opened this account with $11,107.66.
As of some time today, the account is currently worth $26,869.12.
That’s an increase of almost 240% in less than 4 years. Not too shabby.
He [...]
There is a bank that is popular with many people here in Seattle. It even has our state name in its name. Well a few of my mutual friends have heard my reasons why I’d move my money to a different bank. Here they are:
The bank has a BankRate.com Star rating of [...]
I lived in San Diego during their pension crisis a few years ago. The story was confusing and never held any interest with me. Boring. Change the channel.
So why would I read a book about the dull topic of pensions? Because it was written by Roger Lowenstein. He may be [...]
In the post Meet Nassim Nicholas Taleb, I dropped in this quote without adding any comments.
…the good investment strategy is to put 90% of your money in the safest possible government securities and the remaining 10% in a large number of high-risk ventures. This insulates you from bad black swans and exposes you to the [...]
I rarely link to or discuss articles from newspapers, but I must make an exception. The Times Online has an outstanding profile titled Nassim Nicholas Taleb: the prophet of boom and doom. Read it.
Taleb wrote the books Fooled by Randomness and The Black Swan, which I reviewed on this site. Both are outstanding [...]
Last September when I restarted my 401K plan at my company I put 100% of my investment in the Cash Fixed Fund account. This sparked a conversion with a financial planner, who felt he could show me the errors of my way. He didn’t know who he was taking to. After [...]
Karl Denniger has some excellent advice for regular investors on how they can outperform the stock market indexes with minimal research and minimal trades. His rule which he learned from his Chicago days is to compare the 20 Week Moving Average to the 50 Week Moving Average. When the 20 WMA passes the 50 WMA [...]
Although there are several good sources on the Internet for financial and economic information, if I had to pick my favorite it would be John Mauldin’s newsletter. The newsletter is free and is sent out twice a week, with John usually writing the Friday edition. You can sign-up for his newsletter at 2000wave.com.
The [...]
