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Blogs I’ve Been Following This Week
Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of whatâ€™s been going on in the world of money and personal finance. Hereâ€™s what caught my attention over the past weekâ€¦
The Digerati Life – I really hate to admit this, and please don’t tell the Honeybee, but is it possible to have a crush on a graphical image? Because I think I do. See, I was visiting SVB’s place reading a very informative piece entitled The Best Online Stock Brokers for Cheap Stock Trades when I couldn’t help but notice I was being stared at by that beautiful girl in The Digerati Life header.Â I’ve got it so bad now that Logo Girl has me completely mesmerized and I can’t get her out of my head. I’m thinking about dropping SVB a line to ask if Logo Girl has a sister that might want to spend a little time over on my blog header. I know. Maybe I should see a doctor.Â
Old School Value – This week Jae had a really nice post highlighting a few lessons learned regarding a certain stock (XOHO) he had been tracking but failed to capitalize on. As I told Jae, I know all about missed opportunities. I thought Google (GOOG) was a bit overpriced when it when it reached $100 per share.
Banker, Saver – Most everybody knows that all their bank accounts are FDIC insured. Or are they? Carol had a primer on FDIC insurance this week that you probably don’t want to miss if you aren’t so sure.
Investing Toolkit – In todayâ€™s economic climate there are folks out there that believe foreign exchange trading (or Forex for short) is not such a good idea. And, yes, Forex trading isn’t for everyone. But as Francis points out, that doesn’t mean that there aren’t benefits for savvy traders. Of course, that caveat rules me out.Â
Moolanomy – As most of you know, I am now a proud member of Pinyo’s Money Hackers Network, so I’m just checkin’ in with the boss. I’m working hard, Pinyo! By the way, if it’s okay with you can I have Saturday off this week?Â
Credits and Debits
Credit: Tuesday was Barack Obama’s 48th birthday, which didn’t go unnoticed by Pulitzer Prize winning cartoonist Michael Ramirez who appears to be slightly annoyed with the President’s profligate spending.
Debit: This week, with the swipe of his pen, President Obama signed a bill extending the wildly popular Cash for Clunkers program into Labor Day.Â Unfortunately, this misguided program is yet another gratuitous socialist government hand out. In fact, I am not too happy that my 9-year-old daughter and 12-year-old son will be stuck paying for a portion of my neighborâ€™s shiny new car that he bought last week. Well, at least the Earth will benefit from getting all of those fuel-inefficient polluters off the road in favor of more environmentally friendly cars. Oh wait, check that. Apparently, once the environmental costs of building a new car and destroying the old ones are taken into account, the program’s environmental benefits are dubious too.
Credit: Last week, in the Best of the Best in Money and Personal Finance Carnival, I jokingly reminded those who needed a little quick cash that there were better options available than printing counterfeit money.Â So I wonder if it is a coincidence thatÂ a manÂ recently persuaded an employee at Lean Bean Espresso in Coeur dâ€™Alene, Idaho, to change a counterfeit $100 bill.Â It was only later, upon closer inspection, that several not so subtle flaws were found: In the portrait, Benjamin Franklinâ€™s name was misspelled as â€œFrankenâ€; on the back, the motto read â€œIn Dog We Trust.â€ And on the front was an easy-to-read note: â€œFor motion picture use only.â€Â The bill was a Hollywood prop.Â Hollywood is clearly hurting, folks; no word on whether or not the man who passed the fake note fit the description of Sly Stallone.
Credit: Pop star Madonna has canceled her August 20 concert in (try not to sprain your tongue) Ljubljana, Slovenia. According to Reuters, Slovenian media reported the concert had to be canceled as promoters had sold only 7,000 of a planned 63,000 tickets in a city with a population of 250,000. Maybe the entertainment industry is worse off than I thought. Then again, as Madonna gets closer to 60 with each passing day, her sex-kitten shtick gets harder and harder to market to the masses.Â Â We have Katy Perry and Lady Gaga for that now anyway.Â Right…right?
The Way-Back Machine: Past Posts You May Have Missed
From January 2009:
Paying Off Your Mortgage Is A No Brainer – In this post, which currently happens to be the most popular post at Len Penzo dot Com, I go into great detail to analyze whether or not, over the previous 12 years, I made the right decision to faithfully make extra principal payments in order to pay down my mortgage early. Over that time period there were many many people who told me I was crazy. But you know what? The more I looked at it, the more I realized that prepaying my home mortgage for all these years has been among the smartest financial decisions I have made. Check out my analysis and see if you agree.
Update: My Shameless RSS Experiment — Week 8
This is the eighth week of My Shameless RSS Experiment. This week I gained six new subscribers getting me closer to my 100 subscriber goal. Since the experiment started, my subscriber base has increased five-fold – which ain’t saying much when you consider where I started! lol
Still, in the unlikely event that unsustainable rate of increase continues, I could actually reach my target within the next couple of months!Â
As always, if you like what you’re reading, please take a moment to subscribe. I’d really appreciate it! And, as always, thanks to all of you who have already chosen to follow me here at Len Penzo dot Com!
Last week I had posts featured at the following carnivals:
- Prudent Money
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