Tuesday, February 9, 2010

Money Quotes

“Neither a borrower nor a lender be; For loan oft loses both itself and friend; And borrowing dulls the edge of husbandry [economy].” – William Shakespeare

These three articles I found to be particularly interesting. There were other great ones in the bunch, but these three tickled my fancy ;) .
  • Paul from FiscalGeek presents How to Make Your Own Air Conditioner, and says, “For the MacGyver types out there, make your own Air Conditioner with a cooler, copper tubing, a cooler and an aquarium pump.”
  • Dorian Wales from The Personal Financier presents Buy on the Rumor – Sell on the News: Our Psychology at Work, and says, “A counter intuitive rule of thumb explained”
  • Matt Jabs from Debt Free Adventure presents The Whole Armor of Personal Finance, and says, “Ephesians 6:10-18 outlines a powerful and encouraging passage of scripture that deals with The Whole Armor of God. In it Paul reminds the reader that the Christian battle is not one of flesh and blood, but of principalities, powers, the rulers of this world, and wickedness in high places.

Budgeting

“A wise man should have money in his head, but not in his heart.” – Jonathan Swift

  • The Incidental Economist presents Budget Tracking and Projections (with Quicken Tricks), and says, “This is the third post in my eight-post series on investment planning. It is about how to use a budget for tracking and projection. It describes how to implement these functions in Quicken.”
  • Matt from One Million and Beyond presents The Fluid Budget.

Career

“Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy.” – Groucho Marx

Credit and Debt

“Creditors have better memories than debtors.” – Benjamin Franklin

Economy

“The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” – Ronald Reagan

Insurance

“There are worse things in life than death. Have you ever spent an evening with an insurance salesman?” – Woody Allen

Investing

“The safest way to double your money is to fold it over and put it in your pocket.” – Kin Hubbard

  • Pinyo from Moolanomy presents Save, Invest and Borrow To Achieve Your Financial Goals, and says, “Overview of step #5 in Moolanomy’s Financial Success Plan. The step looks at various ways to accomplish financial goals — specifically, saving, investing, and borrowing.”
  • D4L from Dividends Value presents Are REITs and Utilities Good Dividend Investments?, and says, “Dividend stocks. When you hear those two words what do you think of? Many people think of widows and orphans, along with their stereotypical investment in utility stocks. While others may think of maximizing income by finding the highest yielding stocks available like Real Estate Investment Trusts.”
  • Alex from All Things Jim Rogers presents Jim Rogers Continues To Be Bullish On Commodities and China, and says, “he Jim Rogers interview with Bloomberg . According to Jim Rogers, the Chinese stock market has risen too fast and it might “collapse” has it has basically doubled off its lows.”
  • Dividend Growth Investor from Dividend Growth Investor presents Reinvest Dividends Selectively , and says, “Reinvested dividends have contributed most all of the stock markets total returns over large periods of time. Some dividend investors automatically reinvest their distributions over time, which leads to compounding of their interest. Others do not re-invest automatically and instead wait for distributions to accumulate before adding onto existing positions or initiating new ones. “
  • Bret from BretFrohlich.com presents The Dangers of Derivatives, and says, “Risky derivatives and securities were the primary cause of the Global Fianncial Crisis. Fortunately, there are new laws on the horizon to protect us in the future.”
  • The Dividend Guy presents The Best Dividend Stocks In The World, and says, “There are a lot of investment choices out there, how about looking for the best of the best.”
  • Alex from All Things Jim Rogers presents Jim Rogers Disciplined Investor Interview July 26 2009.
  • Philip Brewer from Wisebread.com presents Optimize Your IRA and 401K.
  • Andy from saving to invest presents Use Exchange Traded Funds (ETFs) When Unsure About Which Stocks to Buy , and says, “Like many retail investors, last year’s investing experience has made me quite risk averse when it comes to putting all my money in a handful of stocks. However there is an easy and lower risk solution available – Exchange traded funds”
  • The Dividend Tree presents IBM’s Successful Transformation, and says, “As a dividend investor, this is what I am looking for; a corporation that is willing to adapt, a corporation that does not want to live in its past, but wants to grow continuously by evolving.”
  • TIPBlog.in presents How to Execute Asset Allocatin – A Yale Fund Example, and says, “The fund manager projects upfront what would be expected return and how much volatility is expected. How many of us attempt to project our expected return and volatility in a realistic way? “
  • Paul Kamp from Don’t Quit Your Day Job… presents Go Home Already! Congress vs. the Stock Market, and says, “This article details the ‘Congressional Effect’, where many of the gains in the history of the stock market have comes when Congress is not in session. There is also an examination of political risk in general, analyzing two other studies: the outperformance of companies which make campaign contributions in a political cycle, and the benefits of having the Legislative and Executive branches under the control of opposing parties. The article is timely since Congress went on recess yesterday!”
  • Banker Saver presents 4 Financial Tips To Weather The Mortgage Crisis.
  • Helen from Affine Financial Services presents Comparing asset allocation: Schwab vs. Morningstar vs. Fidelity, and says, “If asset allocation is so gosh darn important, why do Schwab, Fidelity, and Morningstar deal with it so differently? “
  • Kevin from No Debt Plan presents How Much Company Stock Should You Hold?, and says, “Should you own any company stock? Not normally, but there are a few exceptions.”
  • ElizabethG from Modern Gal presents Investment Advice Among Friends.
  • CJ from The Coin Jar presents Two headlines that overpromise and underdeliver.
  • Sun from The Sun’s Financial Diary presents Broker Web-Based Trading Platform Comparison.

Money Management

“The art of living easily as to money is to pitch your scale of living one degree below your means.” – Sir Henry Taylor

Real Estate

“Our houses are such unwieldy property that we are often imprisoned rather than housed in them.” – Henry David Thoreau

Saving

“Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.” – Charles Dickens

Other

“He that is of the opinion money will do everything may well be suspected of doing everything for money.” – Benjamin Franklin

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