POST PUBLISHED INJanuary, 2010
  • Keep your money fund or dump it?

    January 29th, 201008:22 AM ET
    It's no secret that interest rates for money market funds are scraping bottom. Even the top recommendation in our current money rates table (subscription required) is paying a scant 0.30%. Vanguard Prime, one of the best-known and most popular MMFs available, is yielding a barely noticeable 0.05%. So is it time to abandon the money-fund ship a...
  • "Yesterday's winners, tomorrow's losers"

    January 27th, 201009:58 AM ET
    In an article on passive vs. active approaches to mutual-fund investing, the Wall Street Journal quotes Vanguard founder (and passive indexing guru) John Bogle on what is perhaps the biggest challenge facing active investors: "Yesterday's winners," said Bogle, "are far more likely to be tomorrow's losers." In other words, many actively managed...
  • House = Happiness?

    January 20th, 201010:37 AM ET
    I recently read Stop Acting Rich...and Start Living Like a Real Millionaire, the latest book by Thomas Stanley, author of the 90's best-seller The Millionaire Next Door. There was one specific part that jumped out as something to share here. First, let me point out an underlying truth, that hopefully most SMI readers will immediately recognize...
  • Where has all the money gone?

    January 13th, 201010:47 AM ET
    Citing stats from the Investment Company Institute, USA Today reports that investors withdrew a net $490 billion from money market funds during the first 10 months of 2009. Most of went - where? If you guessed "into stock funds," you're wrong. Nearly two-thirds of the money went into bond funds. Normally, investors chase after stocks during...
  • The Ghost of Christmas Budgets Future

    January 04th, 201012:28 PM ET
    By now you've worn it, played with it, smelled it, ate it, listened to it, watched it, cut with it, mixed in it, served on it (or in my case, because I didn't really know what to ask for, broke something on purpose and then Mighty Puttied it), or some combination of the above. Some of you have already returned it for whatever it was you really wa...
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About this blog
A blog for people who want to find their purpose in managing and investing their financial resources