Best Personal Financial Planning and Personal Investment Articles this Week from Personal Finance Blogs
Carnival of Financial Planning – Edition #229 – March 23, 2012
Welcome to the March 23, 2012 Edition #229 of the Carnival of Financial Planning.
The Carnival of Financial Planning takes a long-term view of personal financial planning for individuals and families. We focus on efficient and sustainable personal financial planning practices that can lead to lifetime financial security.
This edition is arranged by subject heading, so that you can browse efficiently.
The Skilled Investor, Editor
Budgeting and Economics
Corey presents My College Mistakes Everyone Should Avoid posted at 20s Finances, saying, “My college experience was a blast and I learned a lot of financial lessons the hard way. I believe college students grow and mature faster as college students then most other times in their life. Students arrive on campus pumped up for all the good times to come, so oblivious to their responsibilities.
Melissa presents Eating Healthy Is Worth the Extra Expense – Avoiding Pink Slime and Making Organic Food More Affordable posted at Mom’s Plans, saying, “We feel the money spent to eat nutritious food is well worth the expense. Here is what we are doing to avoid ammonia and other unsavory chemicals in our food:
David presents An Illustrated History of Wired Capital Markets posted at History of Wall Street , saying, ” Looking into the workings of modern securities markets is like looking under the hood of a Prius hybrid car. There are so many complex and obscure parts it’s hard to discern what’s going on. History repeats and informs in market technologies. From the days when front-running involved actual running to the “Victorian Internet era” brought on by telegraphy, we can learn a great deal from looking back at a simpler era.”
Jeffrey presents Life After Quitting Questions Answered: Saving, Business-Building and More posted at Money Spruce, saying, “Planning to quit your job means there’s a lot of things to think about first. Here some of those things you need to consider.
Dr Dean presents Killer Jobs: Do You Have One? posted at The Millionaire Nurse Blog, saying, “Is your job killing you, one keystroke at the time? What can you do when you job requires you to sit for long hours? If you can’t quit your job, then learn to work healthier.
Miranda @ Financial Highway presents How to Improve Credit Score posted at Financial Highway, saying, “More and more, your credit score is being used to make judgments about your ability to handle your finances. If a low score seems to indicate that you are irresponsible, it will be difficult for you to take advantage of the best offers and loan terms in the world of finances. If your poor credit score is holding you back, here are some things you can do to boost your financial reputation
Jen presents How to Setup Daily Transfers at ING Direct posted at Master the Art of Saving, saying, “After mentioning numerous times that I setup daily transfers to help us save money, I figured it was time to share how to do it for those who don’t already know as well as any easy way to keep track of them. It’s quick, easy and a great way to get started saving money.
PFP presents Financial planning reading list posted at Independent Financial Planner , saying, ” When I work with clients to develop their customized lifetime financial and investment plans, they often ask what they should read to improve their financial literacy. ”
DJL presents Financial Nerds Gone Wild – Global Markets in Distress posted at Nerds on Wall Street , saying, ” Stock markets are almost perfectly transparent, with full information available to all, and the best electronic clearing and settlement in history. These technologies were omitted in building the skyscraper of cards (“house of cards” seems too mild) out of collateralized debt obligations (CDOs), credit default swaps (CDSs), synthetic collateralized debt obligations (SCDOs), and the rest. “
Daisy presents Six Annoying Work Personalities We Could All Do Without posted at Add Vodka, saying, “Since being thrust into the office work world in March 2011, I’ve noticed some pretty annoying office behaviours that I think are both mind-blowingly aggravating as well as comical.
KT presents Money Saving Tips when Hiring Movers posted at Personal Finance Journey, saying, “If you are like me, you detest moving. I stayed in an apartment two years longer than I should have because I so dislike the moving process. Still, most Americans average 11 moves in a lifetime. If you are planning to move soon, take advantage of these tips to save money hiring movers: Check Yelp.com.
Wayne presents Eating Healthy Can Save You Money posted at Young Family Finance, saying, “Believe it or not, eating healthy can save you money. Find out how by reading this article.
TSI presents Where’s Waldo? – The illusion of superior professional mutual fund manager performance. posted at Skilled Investor Blog , saying, ” If investment mutual fund managers were truly skilled at beating the market, then you would expect mutual fund manager performance prowess to persist over time. Unfortunately, the evidence indicates that superior past professional performance among mutual fund managers tends not to persist. Past superior mutual fund performance is simply not a predictor of future superior mutual fund performance. “
Philip Taylor presents How Much Does a Baby Cost and How to Afford One posted at PT Money Personal Finance, saying, “Discusses the “true cost of a baby: before labor and delivery and in the first year. Also gives tips for financial preparation.
101 Centavos presents Prospect Generators in Mining – The Global Outsourcing Trend Continues posted at 101 Centavos, saying, “American Airlines is looking for partner airlines to manage flight route out of the U.S. Oil and Gas refining companies outsource their engineering
PFP presents Asset Allocation, Investment Asset Tax Location, and Emergency Cash Management posted at Pasadena Financial Planner , saying, ” As you move your cash, bond, and stock financial assets into lower cost, more broadly diversified investment mutual funds and/or ETFs, you should also consider how to “locate” your investment asset allocation with respect to more optimal taxation. “
John presents Stress at Work? Take an Office Vacation posted at Married with Debt, saying, “Experiencing stress at work? Find out how to reclaim part of your day and take a vacation in your office. It’s not hard.
Super Saver presents Be Prepared for Bad Financial Times posted at My Wealth Builder, saying, “I’ve learned that it’s not how well I do during the good times; it’s how well I survive during the bad times.
Steve presents Getting Back on Track After a Financial Train Wreck posted at Money Infant, saying, “It took ruining my marriage and the destruction of my credit to get me to realize how I was managing my finances was unsustainable.
John presents Learning about personal finance and investing posted at Personal Financial Planning , saying, ” I have reached the conclusion that 99+% of the financial information that is easily available through the media and the Internet is: self-interested and biased, superficial and non-implementable, historical in nature or just current “noise” reporting without any actionable utility, and/or poorly researched, just plain wrong or unmitigated rubbish. “
Jason presents Athletes That Went Broke & Wondering Why We Enjoy Their Downfall posted at Work Save Live, saying, “The idea for this post came from an article I read online about Allen Iverson being the next big name athlete to go broke.
Tushar presents Why Do Companies Have IPOs? posted at Start Investing Money, saying, “Read about the reasons why companies have IPOs. If you were every curious, here are the reasons.
Karl presents The only 3 ways to get a sweet-ass government job posted at CultOfMoney, saying, “A sweet-ass government job can be yours if: 1. you already have a government job, 2. you know someone in government, or 3. you intelligently position yourself with the correct skills for your sweet-ass government job.
Jon Rhodes presents How To Make Money With E Books posted at Affiliate Tips, saying, “These days you can make money writing a book without the need for a publisher. In fact you dont even need to have a physical book.
Insurance and Risk
Jon the Saver presents Buy Disability Insurance or Go Broke! posted at Free Money Wisdom, saying, “Disability insurance is a topic that most people don’t know much about. It can protect your income in times of crisis during your life!
Larry presents ID theft protection posted at Personal Financial Planner, saying, “As a threat to your financial security, you should take the potential for identity theft very seriously. Identity theft sometimes entails a loss of your money, but whether or not you lose money, it can take a very large amount of your time to rectify.”
SFB presents Choosing The Right Life Insurance posted at Simple Finance Blog, saying, “Buying Life insurance is an important choice that many people delay because of the overwhelming amount of options and lack of facts.
Pat Huddleston presents Afghan Murder Suspect a Bad Broker posted at Investor’s Watchblog, saying, “Until you understand why youll be so stubbornly reluctant, a book full of warnings from investor protection experts will not drag you to the phone. Brokers know that a customer who is in declining health is unlikely to notice unauthorized trading.
Tim presents Would You Consider Gold as an Investment posted at Faith and Finance, saying, “Gold is usually viewed one of two ways: as an investment and/or a store of value. How should you view it and are you fooling yourself into thinking you know the gold market?
TSI presents Investment astrology – should you pick investments according to the Morningstars? posted at The Skilled Investor , saying, ” Individual investors and their advisors appear to make investment decisions that are heavily influenced by the Morningstar Rating system. Because the stars are very widely used and often misunderstood, these are articles to help investors make more rational decisions about the stars. “
SB presents Gold Vs. Silver, What is the Better Investment? posted at One Cent at a Time, saying, “As of late, a big question on precious metal collectors and investors’ minds is this; whats the better investment, gold or silver? I tried to provide rationale
Investor Junkie presents 7 Great Apps from Online Brokers posted at Investor Junkie, saying, “If you have a mobile device, you can trade from wherever you are as long as you have access to your online broker. Here are 7 great apps from online brokers:
Dividend Ninja presents Dividend Fund Managers Are Buying Apple posted at The Dividend Ninja, saying, “Mutual fund managers are getting confused. It seems like more fund managers are deviating from their fund’s stated focus and suffering from style drift in order to own one of the hottest stocks of the past decade. More than 40 dividend funds have recently bought shares of Apple even though the company does not yet issue a dividend.
William presents Inferior Mutual Fund Performance posted at Best No Load Funds , saying, ” Screen out inferior mutual fund performance — but only after using other ETF and mutual fund selection criteria. Superior or even average mutual fund performance in the past simply does not predict similar fund performance in the future. “
MMD presents Would Dollar Cost Averaging Have Saved You From The Lost Decade? posted at MyMoneyDesign, saying, “The S&P 500 decreased by 23% during The Lost Decade. Would the strategy of dollar cost averaging have saved your investment portfolio from being reduced by this much Lets crunch the numbers and find out for ourselves.
Odysseas presents Occupy Wall Street & Credit Score Reform posted at Wallet Blog, saying, “In an economy where so much depends on credit score, maybe it’s time for the credit scoring system to be improved. But, is the Occupy Wall Street movement on target with their proposal? Maybe not.
Sandy presents Putting Yourself In A “Debt-Reduction Mode posted at Yes, I Am Cheap, saying, “Just as there are many different kinds of debt, so too are there many different varieties of debtors. While eliminating your debt after years of incurring it may seem like a victory lap for some, it does require a change in attitude and perspective that can be helpful to think out beforehand.
Amanda L Grossman presents Keeping All Your Eggs in One Basket is Risky posted at Frugal Confessions, saying, “My sister and I used to gather eggs from our henhouse for breakfast.
PITR presents Can only the Rich Retire Early? posted at Passive Income To Retire, saying, “Who can afford to retire early? Popular media may suggest it is the rich, but I think you will be surprised to find out who it really is.
Franklin presents Traditional IRA and 401k Versus Roth IRA and Roth 401k Contributions posted at Retirement Planning , saying, ” Many taxpayers puzzle over whether to contribute to traditional versus Roth tax-advantaged retirement plans. For most people, contributions to traditional tax-advantaged plans will probably provide a higher net present value over their lifetimes.”
MR presents Your First Investment Should Be Fun And Exciting! posted at Money Reasons, saying, “When you start investing, doing so in retirement accounts is a killjoy! This is why I didn’t follow the common knowledge when it came to my first investments
Whitney presents Retirement Savings Worksheets posted at Retirement Savings, saying, “While personal wealth should measure current financial investments and other salable assets, it should also measure your ability to sustain your household budget, build up your investment portfolio, and weather potential financial risk and misfortune across your lifetime.”
Pam Whitlock presents Teaching Your Kids about Money: March Edition posted at The MoneyTrail Blog, saying, “Kids who can learn to delay gratification have a better chance of becoming financially successful adults. We can use short term and long term savings projects to develop delayed gratification skills in our kids.
Financial Freedom presents Savings and Withdrawal Rates posted at My Financial Freedom Plan , saying, ” Understand how your current savings rate and retirement withdrawal rate would affect all of your lifetime personal financial planning goals “
FMF presents Turn Your Tax Refund Into a Solid Investment posted at Free Money Finance, saying, “The fact is that Americans are struggling to manage their finances: in a recent Gallup poll, 66% of people ranked not having enough money for retirement as their top financial concern. At the same time, people aren’t taking the necessary steps to save the amount needed for retirement: according to a survey conducted by the Employee Benefit Research Institute, 46% of American workers have less than $10,000 saved for retirement.
Paul Tabbet presents Retirement Software posted at Tax Planning Worksheets, saying, “Retirement planning software should automate the development of lifetime projections that incorporate tax laws and rules associated with tax-advantaged retirement investment incentive programs such as traditional IRA, Roth, 401k, 403b, SEP, Keogh, and other retirement plans.”
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