POST PUBLISHED INSeptember, 2009
  • My experience with Restaurant.com

    September 23rd, 200910:07 AM ET
    If you're unfamiliar with Restaurant.com, it's a site dedicated to helping you save money when you eat out (their slogan: "Eat. Drink. Save. Money"). They do this primarily by helping you locate restaurants (by city, state, or zip) that offer discounted gift certificates. A popular option is the $25 gift certificate that costs only $10. The ce...
  • A year ago...

    September 16th, 200910:05 AM ET
    Yesterday marked the unhappy anniversary of the slide into financial panic. While the financial landscape may not be in great shape today, I think most would agree that things could be a whole lot worse. In fact, I'd guess that if we had taken a reader survey 50 weeks ago, many/most probably would have expected conditions to be worse today than t...
  • Update on Socially/Biblically Responsible Investing

    September 14th, 200909:08 AM ET
    We have never been persuaded that basing investing choices on the moral purity (or impurity) of various companies is the best approach to applying one's faith to the investing marketplace, especially for mutual-fund investors. (Austin explores this topic in chapter 28 of the The Sound Mind Investing Handbook.) Nonetheless, we hold practitioner...
  • Fed starting to pull money out of economy

    September 10th, 200907:30 AM ET
    In three recent SMI cover articles (May, August, September), we've noted our concern that current fiscal and monetary policy - including an unprecedented increase in the money supply orchestrated by the Fed - is likely to create significant inflationary pressures. Of course, no one can accurately predict exactly when an inflationary surge will be...
  • Weak recovery = strong stock gains?

    September 09th, 200909:32 AM ET
    According to columnist Jon Markman, up is down and down is up: Investors who are worried that the economy won't advance fast enough or far enough to justify a 15% rise in the stock market this year have it all wrong. Stocks have actually been rising because the coming recovery from last year's wipeout is expected to be slow and weak, rather th...
  • Government up 40% on Citi share conversion

    September 04th, 200912:03 PM ET
    Since we're occasionally accused of running hit-and-run negative news items that inflame blood pressure with no obvious "action steps" attached, here's a random bit of good news to help balance the scales. Citigroup Shares: Treasury is up Almost $10 Billion Since Conversion: UBS analysts figure that Geithner & Co. are currently in the money t...
  • September is here — should we be nervous?

    September 03rd, 200907:48 AM ET
    We're barely into September, but already two mutually-reinforcing things have happened: A plethora of "September is the worst month for the market" news items have been generated; and The market took a dive on the first day of the month, as if to announce its arrival! Here's the background: September does in fact have a well-earned reput...
  • Bernanke - Take 2

    September 02nd, 200910:50 AM ET
    Last week, President Obama made it official and reappointed Ben Bernanke for a second term as Federal Reserve Chairman. This wasn't a big surprise and was viewed by many as the safe choice. It would have been tough to switch to a new leader while we're still very much in the midst of volatile economic times. That's not to say, however, that ev...
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A blog for people who want to find their purpose in managing and investing their financial resources