Best Personal Financial Planning and Personal Investment Articles this Week from Personal Finance Blogs
Carnival of Financial Planning – Edition #127 – February 5, 2010
Welcome to the February 5, 2010 Edition #127 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
Super Saver presents Living on a Cash Basis was a Good Experience posted at My Wealth Builder, saying, “Living on a cash basis quickly taught me financial responsibility.”
BWL presents Make Your Own Personal Budget: Articles, Tips, & Resources posted at Christian Personal Finance, saying, “This is a look at some great tips, tools, and other resources for getting a great budget set up!”
Four Pillars presents The Low Down on Zero Down Payment On A House posted at Quest For Four Pillars, saying, “Why it is not essential to have a large down payment for your house.”
Joe Plemon presents Budgeting Without Bean Counting…5 Great Tips posted at Personal Finance By The Book, saying, “Making a budget isn’t the problem; keeping it is. This post gives common sense hints on how to keep a budget for the long term.”
SVB presents Money Management Software For The Desktop: YNAB 3 Review posted at The Digerati Life, saying, “We discuss a top notch budgeting tool.”
Quirky Momma presents Tips for Moms, Activities for kids by Quirky Mommas » Blog Archive » Pinch those Pennies: 50 Tips to Be Frugal! posted at quirkymomma.com, saying, “We are trying to pay off our mortgage in advance – a 6% guaranteed return on investment. Here are 50+ things we are doing to pinch pennies!”
20smoney presents Finding Deflation posted at 20s Money, saying, “A look at where deflation is popping up in the economy and how it might affect certain investments.”
The Financial Blogger presents Estate Planning: 5 Reasons Why You Should Have A Professional Among Your Liquidators posted at The Financial Blogger, saying, “managing an estate is more complicated than simply writing a few checks! Fortunately, for those who can afford it, you can name a professional among your liquidators.”
Jeff Rose presents Inheriting Retirement Assets: What You Need to Know posted at Jeff Rose.
Consumer Boomer presents Should You Convert an IRA to Roth IRA In 2010 posted at Consumer Boomer.
Roshawn Watson presents Thoughts on Escaping The Rat Race posted at Watson Inc, saying, “Do you yearn to be free…really free? What would you do if money was not a big limitation? Perhaps the primary reason for increasing your financial literacy is so you may indeed escape the rat race.”
Jeff Rose presents Unforeseen Consequences of the Roth IRA Conversion posted at Jeff Rose.
Dividend Tree presents Building Core Competency for Long Term Survival posted at Dividend Tree, saying, “whether it is running a business or individuals’ investment portfolio, it is important to build a core competency for long term sustainability. In my case, I focus on good quality companies that consistently pay or have potential to pay growing dividends over time.”
Consumer Boomer presents Roth IRA Conversion Calculators: Should You Convert? posted at Consumer Boomer.
RJ Weiss presents Should I Stop Saving for Retirement To Save For My Wedding? posted at Genyweath.com, saying, “Is it OK to stop saving for retirement, to pay for your wedding? I believe so. Here’s why.”
Tom @ Canadian Finance Blog presents Consider Your House And Career When Deciding Your Portfolio Diversification posted at The Canadian Finance Blog, saying, “You have heard about the importance of a diversified portfolio to reduce the volatility. What many don’t consider is how their house and career could effect the diversification of their investments.”
Big Cajun Man presents Personal Finance Resolutions for the New Year? posted at Canadian Personal Finance Blog, saying, “Are Financial New Years resolutions a good idea? Yes, but make them achievable, don’t try to boil the ocean, just take small steps!”
The Dough Roller presents Best Online Banks posted at The Dough Roller.
Susan Saverton presents Investor Asset Allocation posted at Financial Planning Pasadena, saying, “Set your personal investment asset allocation according to your personal tolerance for investment risk. Allocated percentages to asset classes would tend to slowly change with the years, and thus it is key to decide correctly from the beginning.”
Financing a Home
Peak Personal Finance presents How Much Mortgage Can You Afford? posted at Peak Personal Finance, saying, “Many people overlook these extra costs of home ownership.”
Alex Fotopoulos presents When to Refinance a Mortgage? posted at My Trader’s Journal, saying, “Some key points to consider when refinancing your home.”
April presents Does Renting Make Sense? posted at Get Rich Slowly, saying, “We’re not about to move, but you know what? If I had it to do again, I’d never buy this house. If we had stayed where we were, we’d now have just four years left on our mortgage. But knowing what I know now, I might even be inclined to rent. For most folks, renting isn’t a bad option.”
Roshawn Watson presents Is Bigger Better? Scaling Down The American Dream posted at Watson Inc, saying, “Today’s post-crash buyers are not willing (nor able in some cases) to extend themselves like before, and the impact on the housing market is substantial.”
Praveen presents Will Education Follow the Housing Bust? posted at My Simple Trading System, saying, “Tips for students to avoid excessive loans and debt”
Patrick @ Military Money presents Open Enrollment Window Open for Some posted at Military Finance Network, saying, “Open enrollment is the only time of the year that many people are able to make changes to their health insurance elections. Make sure you take advantage of this time to select the best health care option for your needs.”
FMF presents Five Ways to Make Good Career Decisions posted at Free Money Finance, saying, “Five steps to managing your career correctly.”
My Journey presents The Basics of Personal Finance are Not Hard It Doesn’t Matter if you Make $46,000 or $460,000 posted at My Journey to Millions, saying, “It doesn’t matter what you make if you can’t follow the basics of financial planning”
Dividend Tree presents Three Companies with Sustainable Dividends posted at Dividend Tree, saying, “Even in soft economic environment, there are companies out there that are continuing to increase dividends for their shareholders. While dividend increase is good, it is more critical to make sure we understand that companies can sustain their dividends.”
Intelligent Speculator presents New leveraged ETF’s to suffer from less erosion? posted at Intelligent Speculator, saying, “volatility can have an important impact on the return of the ETF and as time goes by, the return will not be correlated as much with the underlying index it is intended to track.”
GLBL presents Investing Baby Steps #1: Know Who You Are posted at Gather Little By Little, saying, “So the very first step before starting to invest is to determine your investor profile. I would suggest you meet a financial advisor so he can help you understand the questions and provide additional information regarding the market.”
ABC presents What Are Money Market Mutual Funds posted at ABCs of Investing, saying, “A brief explanation of money market mutual funds.”
Zach Scheidt presents Salesforce.com Shocks Market With Debt Offering posted at ZachStocks, saying, “Salesforce.com (CRM) is issuing $500 million dollars in convertible notes. The dilution to shareholders could drive the stock down and with CRM’s lofty multiple, the risk looks to be very high.”
jim presents The S&P500 Dividend Aristocrats posted at Blueprint for Financial Prosperity.
TIP Guy presents Future Order Book: What Does it Mean? | TIPBlog.in posted at TIPBlog.in, saying, “I am not saying future order line up is not good or it has no meaning. It does matter. However, I am not aware of any effective method to translate tofuture EPS. Therefore, we should look at other parameters and not focus too much on order books.”
FMF presents Reflecting on 2009 Returns Provides Lessons Going Forward posted at Free Money Finance, saying, “What we learned in 2009 can serve to benefit our investments in 2010.”
Marc Ryan presents Dividend investing: is it closet stock picking? – IndependentInvestor.info posted at IndependentInvestor.info, saying, “In this commentary we look at some of the disadvantages of dividend investing. First and foremost, contrary to an index-based approach, dividend-based investing runs up against the rock of Gibraltar of modern investing: diversification. And in practice this technique starts looking like old fashioned stock-picking, on whose shores so many boats of investors have sunk. And the dividend-focused investor also exposes himself to additional risks which we label as irrational factors, that is to say risk factors that are unrelated to the fundamental profitability of the companies issuing those dividend-paying shares.”
Abdulrasool Sumar presents How to Retire as a Millionaire with your 401k Plan and 7 Strategies to Achieve Growth of your 401k Plan posted at 401k, saying, “Learn the story of Knute Iwaszko who saved $1 million in his 401k plan with a $60,000 annual salary and paying the costs to raise 5 kids. You do not have to be a Goldman sachs CEO or a whiz kid on Wall Street making millions!”
Alex Fotopoulos presents Gold Chart (GLD) ? More Room to Fall posted at Chart Analysis, saying, “Alex posted a chart of the Gold ETF, GLD, this week and shows how much farther it could fall before finding support.”
The Skilled Investor presents Best Investment Strategy posted at Personal Finance Investments, saying, “Investment costs which are clearly measured, like fees deducted on your monthly investment statement. Most investors are no aware of opportunity costs that arise from sub-optimal investing practices. Opportunity costs like these are much greater than more costs and investment fees that show up on their statements.”
Zach Scheidt presents 2010 ZachStocks Recommendations posted at ZachStocks, saying, “2010 should offer investors both opportunity and risk. Here are four investments which should generate healthy gains in the coming year.”
The Investor presents How to run your portfolio like a hedge fund posted at Monevator.com, saying, “In this article I introduce some techniques used by hedge fund managers and others to ‘hedge their bets’ when investing.”
Patty Pedersen presents Good Stocks to Buy When Stock Market Correction is Over posted at AlphaProfit MoneyMatters – Investing Blog, saying, “Good stocks bought at the end of a stock market correction can deliver outsized returns. Here are 3 good stocks to buy across 3 different sectors.”
Tushar Mathur presents Can’t Control the Markets? Try controlling the Costs posted at Everything Finance, saying, “As 2008 proved, the financial markets are prone to unpredictable periods of turbulence. That can make investing feel a bit like a roller-coaster ride. The disappointing results that many mutual funds posted in 2008 and at the outset of 2009 may have left you feeling concerned over your financial future. You’re not alone.”
Praveen presents Just Bought Hyatt Hotels (H) posted at My Simple Trading System, saying, “About Hyatt’s recent IPO and why its a good stock.
stockman presents Chart Base Patterns posted at Learning Stocks, saying, “A key to being a succesful stock trader is learning how to spot chart base patterns and when to buy a stock. A chart base often acts as a foundation for stocks to “jump” off of; to begin a large share price increase.”
Dividends4Life presents 10 Dividend Stocks Increasing Yield On Cost posted at Dividends Value, saying, “Most casual income investors focus on current yield, which is important. However, if your objective is to build a portfolio of securities with increasing income, then Yield on Cost is an excellent metric to measure your progress.”
Larry Russell presents No Load Stock Funds posted at Best No Load Mutual Funds, saying, “Don’t bother to frantically move your assets from one mutual fund to another or from one ETF to another. Investment research has repeatedly showing academic studies that performance chasing is a bad strategy the most ofter will yield inferior returns.”
Super Saver presents Schwab ETFs – Commission Free for Schwab Clients posted at My Wealth Builder, saying, “It’s now cost effective to purchase as little as one share, since there is no commission charge.”
Tomas Escent presents Automated Ivestment Trading posted at Nerds on Wall Street, saying, “A Hitchhiker’s Guide to Wired Markets. In this funny financial book, there are no robots parking your car millions of times, however, right now in milliseconds robots trade millions of shares.”
Mike Piper presents What Can Past Performance Tell Us? posted at The Oblivious Investor, saying, “A look at what we can–and can’t–learn from looking at a fund’s past performance.”
Frank Vertin presents Stock Index Funds posted at S&P 500 Funds, saying, “When you buy an S & P 500 index mutual fund through a broker or investment advisor you can increase substantially your purchasing costs, while you drive up your recurring annual expenses through asset management and other fees. Financial advisors most often will not recommend to buy index mutual funds with very low fees.No load, low cost index mutual funds don’t pay financial brokers and advisors nearly as well as front loaded, high fee, active mutual funds.”
healthylivinggal presents The Problem With Dow ETFs posted at ETFdb.
Big Cajun Man presents Do You Have a Financial GPS? posted at Canadian Personal Finance Blog, saying, “Do you need a financial GPS?”
The Smarter Wallet presents How 0% Balance Transfer Credit Cards Can Save You Money posted at The Smarter Wallet, saying, “How balance transfer cards can save you money if used appropriately!”
Brian McKay presents New Credit Card Rules – How the New Credit Card Laws Affect You posted at MonitorBankRates.com, saying, “A new set of credit card rules takes effect February 22, 2010 and you should be aware of the new rules. The new credit card laws are positive for consumers and offer consumers a new set of protections.”
MoneyNing presents 0% Credit Card Basics – The Difference Between 0% Purchase and 0% Balance Transfer Credit Cards posted at Money Ning, saying, “Know the difference between the two 0% credit cards so you know which card to choose for maximum benefit.”
MoneyNing presents No One Became Wealthy Worrying for Others posted at Money Ning, saying, “No one knows everyone else’s situation so why try to worry about their finances?”
The Smarter Wallet presents Check Your Credit Score From Credit Reporting Agencies posted at The Smarter Wallet, saying, “How you can check your credit score.”
Patrick @ Cash Money Life presents How to Get Your Free FICO Credit Score posted at Cash Money Life, saying, “Tips on how to get a free copy of your FICO Credit Score, and how to avoid getting charged without your knowledge.”
Susan Saverton presents Personal Financial Plan posted at Family Finance Planning, saying, “You need a system that is efficient with respect to your time and your costs, when to develop, implement, and track a personal investment plan.”
nissim ziv presents Top Executive Search Firms – Executive Job Search Sites & Services posted at Job Interview Guide, saying, “The Internet technology has dramatically changed the way job seekers conduct their job search. With the click of a mouse, one can distribute his/her resume to thousands of employers and recruiters. However, here comes the hard part – you would want to apply to positions for which you are qualified and these within your job target.”
ABC presents Roth IRA Contribution Limits For 2010 posted at Quest For Four Pillars, saying, “2010 Roth IRA contribution limits.”
Jeff Rose presents Will You Work Past Your Normal Retirement Age? posted at Jeff Rose.
Stock Mutual Funds presents Top Stock Mutual Funds posted at Low Cost Index Funds, saying, “This article discusses the 10 ten very low cost stock index mutual funds that track the Standard and Poors 500 large capitalization stock index.”
Risk Management and Insurance
Jeff Rose presents Should You Buy Mortgage Protection or Term Life Insurance? posted at Jeff Rose, saying, “Mortgage Life Insurance, in most cases, is a waste of money.”
Consumer Boomer presents Should You Annuitize with an Immediate Annuity? posted at Consumer Boomer.
Patrick @ Military Money presents COBRA Benefits 2009 Economic Stimulus Recovery Act posted at Military Finance Network, saying, “The 2009 Economic Stimulus Plan includes additional COBRA and unemployment benefits.”
Evolution Of Wealth presents 7 Ways Your Group Disability Will Fail posted at Evolution of Wealth, saying, “Most people want to believe that their group disability insurance coverage will be there when they need it. Unfortunately, most employers are more concerned with cost versus coverage. This leaves the group disability grossly inadequate for the people that rely on it.”
Deposit Accounts presents How to Build a CD Ladder (Infographic) posted at Deposit Accounts.
KCLau presents Are You Rich in Internal Assets? posted at KCLau’s Money Tips, saying, “pay attention to the internal assets”
Patrick @ Cash Money Life presents How to Organize Your Tax Documents posted at Cash Money Life, saying, “Tips on how to manage your tax documents to make it quicker and easier to fill out and file your taxes.”
jim presents How to Report Tax Fraud & Tax Cheats posted at Blueprint for Financial Prosperity.
MDP presents 2010 Tax Brackets posted at My Dollar Plan.
Heidi presents Four Free or Cheap Ways to File Your Taxes posted at Little People Wealth, saying, “Summarizes four different ways that you can file your taxes online for free or cheap.”
Four Pillars presents 2010 Income Tax Deadline for 2009 Taxes posted at Quest For Four Pillars, saying, “Income tax deadline for this year.”
David de Souza presents Tax Rebate Forms ? Tips and Advice posted at UK Tax Blog, saying, “Some broad tips and advice on completing your tax rebate forms this tax season.”
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