Archive for March, 2007
« Previous EntriesThe Impact of Expenses on Your Returns
Friday, March 30th, 2007Check this out. Below is a summary of two portfolios I have been tracking. These portfolios are invested in EXACTLY the same thing with EXACTLY the same allocation. Yet, Portfolio A has had an average annual rate of return of 11.00% compared to Portfolio B’s 12.67%:
So, what accounts for the difference?
Portfolio A started [...]
How an Interest-Only Mortgage Works
Thursday, March 29th, 2007Let’s say you want to buy a house and will need to finance it with a $200,000 mortgage. You meet with a mortgage broker and they show you two loans: a 30-year fixed rate mortgage at 6.30% and a 30-year fixed rate mortgage with an interest-only period of 15 years (also at 6.30%). [...]
Anyone Out There a Member of the American Association of Individual Investors (AAII)?
Wednesday, March 28th, 2007I’m curious – are any of you a member of the American Association of Individual Investors (or AAII as it is called)? If so, what has been your experience? Is it worth the membership fee? I have received numberous offers from AAII over the years but have never joined. The letter [...]
Don’t Buy a Computer From BlueHippo!
Wednesday, March 28th, 2007Foobarista sent me an email yesterday telling me about a company called BlueHippo, which “sells” computers to people without a credit check. All you have to do is pay a set up fee of $99.00 and then pay their “low” weekly payments for 52 weeks and the computer is yours. Oh, and if [...]
The Biggest Website You’ve Probably Never Heard of!
Wednesday, March 28th, 2007Every morning I cruise my Bloglines account to find new and interesting stories to share with you. Today I found a story about a website called Photobucket, which is a place for people to “house” their photos and videos which they can then link to from their blogs or MySpace pages. What I [...]
Magic Formula Investing Update – 2nd “Purchase”
Tuesday, March 27th, 2007I meant to do this earlier this month but forgot about it.
As discussed in an earlier post, I’m going to follow a hypothetical post using the Magic Formula found in Joel Greenblatt’s The Little Book That Beats The Market.
Following the procedure in the first post, I re-ran the numbers and came up with the following [...]
Got Any Gold In Your Closet?
Tuesday, March 27th, 2007Check out this article (free) I found in the Wall Street Journal. Savvy shoppers are buying clothing and purses at places like Target and then reselling them on eBay for huge profits. Check this out:
That’s a 628.8% return in one month! Wow!
Of course things like this aren’t without risks. For one, [...]
Another “JLP Project” in the Works
Tuesday, March 27th, 2007It’s hard to believe that it has been nearly six months since the last personal finance blogger community project. I had originally wanted to do a project each quarter but I ran out of ideas!
Anyway, I have another new idea that I think would be fun. I sent out an [...]
Renting Furniture is a Bad Idea!
Monday, March 26th, 2007How expensive is it to buy rent-to-own furniture?
Short answer: VERY EXPENSIVE!
I was on the Rent-A-Center website and I found this Ashley sofa and loveseat:
I called up a local Rent-A-Center and asked the guy how much this set goes for. He told me that just the sofa and loveseat rents for $26.99 per week for [...]
OT: Meet a Woman Named “Jeffrey”
Monday, March 26th, 2007Back in December of last year, I wrote a post titled How Many People Have Your Name? In that post I commented about the fact that their stats said that 99.83% of the people with the name “Jeffrey” were male and that I couldn’t believe that a woman would have the name Jeffrey. [...]
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