Image by Getty Images via @daylife
So Uncle Bennie announced Operation Twist, and while doing so happened to twist himself right into the markets, leaving a trail of destruction in his wake. The results? Markets down, commodities down, the Canadian dollar down, and the US dollar up.
I only had one post up this week, a great guest post from Rob Bennett: The Biggest Unknown Risk of Stock Investing. In light of recent events, it’s definitely a great read.
Now that The Lion King 3D is playing in theaters, you may also find my Five Personal Finance, Economic and Life Lessons Learned from “The Lion King” to be an interesting read.
On to the weekend reading:
Weekend Reading
- The Bet On Rising World Energy Consumption (Beating The Index)
- Carnival Of Wealth #3053. Or #6. I’m Not Really Sure. (Financial Uproar)
- Dividend Dad How I Show The Importance of Money To My 6 Year Old Son (The Dividend Guy Blog)
- Do You Ever Lose Track of the Big Picture? (The Financial Blogger)
- Financial lessons learned from my wife (My Own Advisor)
- Frustration Over The Buffett Rule and Taxes (Everyday Tips and Thoughts)
- Getting Paid Beyond An Allowance (Growing Money Smart)
- How to Avoid Bankruptcy as a Couple (Young & Thrifty)
- Round Up: Operation Twist’s Perfect Timing (Money Mamba)
- Vienna Loves Vienna (Mises)
- “We Are Wall Street” E-mail Fights Back Against Main Street (Financial Samurai)
- What If Unemployment Benefits Were Structured as a Loan Instead of a Freebie? (Darwin’s Money)
Thanks to Money Mamba for sharing this video:
Have a great weekend, everyone!
Great round-up. Looking forward to reading some of your suggestions. Go check out my new post!
Fantastic round up! Thanks for the inclusion 🙂
I hope you have a great weekend, Kevin.
I can’t believe its the end of September already. 🙁
Thanks for the mention Kevin!
Have a great weekend!
Hey Kevin! Just giving you the heads up. Yakezie seems to have been hacked!
Wow, what happened!?
Heh just headed over to read about it… I guess this is something we need to watch out for on the net!
Great job… I visited several and left a few comments. I appreciate a list to go read once a week.
I love reading your blog, it’s a refreshingly honest look at a lot of areas of money and finance for a lot of people like myself trying to learn more about ways to make smarter decisions about my money. Thanks for explaining the Bernanke situation, helps a lot!
My problem though is that I am very much a complete beginner when it comes to investing, and it’s been hard for me to find really good, straightforward lessons to begin investing. I read some great articles at Investopedia.com and Wealthlift.com, but other than that, it’s been hard to find good advice for beginners. What sites would you personally recommend for beginning investors? I have a lot of friends asking me the same thing now that I’ve begun learning, and I plan on sending your suggestions to my friends and family as well.
Thank you in advance,
Georgia
Hi Georgia,
Thanks for the kind comments, I appreciate it! For a blog focused on investing, the first place comes to mind is my fellow blogger Andrew Hallam. He is a great teacher and writer and he can teach you everything you need to know about investing for a beginner. Here are a few articles that can get you started:
http://andrewhallam.com/2011/07/my-money/
http://andrewhallam.com/2011/05/the-international-teachers-nine-steps-to-financial-freedom/
http://andrewhallam.com/2011/05/make-sure-you-arent-falling-behind/
http://andrewhallam.com/2011/03/lazy-investing-is-great-but-don%E2%80%99t-be-too-lazy/
And my interview with him: http://www.investitwisely.com/meet-andrew-hallam-the-millionaire-teacher/
I haven’t read it yet, but he recently published “Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School”: http://www.investitwisely.com/millionaire-teacher-the-nine-rules-of-wealth-you-should-have-learned-in-school/
I’ve heard it’s a great read but I still have to find out for myself!
Aside from that my fellow bloggers on the blogroll on the right all have a lot of great wisdom and advice to share! http://www.financialsamurai.com/ is founder of the http://yakezie.com/ and his motto is Honorable Personal Finance.
I could say something good about each of the bloggers there, but I don’t want to overwhelm you!
I hope this helps, and for articles on Invest It Wisely I am partial to these:
http://www.investitwisely.com/how-much-of-your-paycheck-do-you-need-to-survive/
http://www.investitwisely.com/living-to-100-and-beyond-building-an-infinite-portfolio/
http://www.investitwisely.com/a-20-minute-guide-to-investing/ (from fellow blogger http://www.barbarafriedbergpersonalfinance.com/)
Thanks for stopping by!
Thanks so much for replying so fast Kevin, I can’t tell you how much I appreciate it.
I’m sorry for asking so many questions, but I do have one more. After I started learning more about stocks, I joined a couple of investor communities like Bogleheads.org and Wealthlift.com that have people sharing stock investment ideas and answering questions about specific companies. I was wondering what you thought about people just starting out taking advice from these sites. I know there are experienced investors at these places, but is there any way to tell good advice from bad? Is it still ok just to read and learn from these posts, and just using common sense to tell if the advice is good? I know that probably sounds quite naive, but it has been a fun way to stay engaged and begin learning about stocks with other people at these sites.
Let me know what you think.
Georgia
So sorry for the late reply, I must have missed this!
I don’t think that it sounds naive at all. For someone starting out, you definitely have to take everything you read with a grain of salt. I think it’s a good thing to discuss and learn what other people are thinking, in fact, you can sometimes find out interesting stuff about your own company by checking out what people are saying on the stock discussion boards. Common sense definitely applies. If something sounds too good to be true, it probably is. At the same time we can all learn from each other by playing devil’s advocate and seeing what they have to say!