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Money Magazine May 2008

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Archive for May, 2008

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James Cayne: “We Ran Into a Hurricane.”

Friday, May 30th, 2008

According to the Wall Street Journal that’s what Bear Stearns’ former CEO said during the final meeting as stockholders approved the sale of the company for $1.4 billion to JP Morgan. To say such a thing would insinuate that what happened to Bear Stearns was out of management’s control. This is the typical BS we […]

How Long Will it Take to Improve a FICO Score?

Thursday, May 29th, 2008

On Wednesday I received this email from reader, Joshua: Good Morning, Thank you for reading my email. My question regards my credit score. I recently got my credit report and score. My score as of right now is a 577 which as you know wont get me very far. I make decent money now and […]

Interesting: St. John’s Required Reading

Thursday, May 29th, 2008

I wish more colleges would follow St. John’s reading program. This is what one would call a classical education. Oh, and all of this will only set you back $48,000 per year! FRESHMAN YEAR HOMER: Iliad, Odyssey AESCHYLUS: Agamemnon, Libation Bearers, Eumenides, Prometheus Bound SOPHOCLES: Oedipus Rex, Oedipus at Colonus, Antigone, Philoctetes, Ajax THUCYDIDES: Peloponnesian […]

How to Write Your Very Own Investment Policy Statement – Getting Started

Thursday, May 29th, 2008

In his book, Optimal Investing (Affiliate Link), Scott Frush writes this about the importance of having an Investment Policy Statement: Much like a blueprint for building a house, an Investment Policy Statement serves as the blueprint for building your optimal portfolio. This policy is crucial to the long-term achievement of your specific financial goals. First […]

The End of the World as We Know It?

Thursday, May 29th, 2008

Will our kids be dumb and broke? That’s the question/headline of a recent MSN Money article. I sure hope the answer is no, but I’m not very encouraged. Every single one of my friends and peers it seems, are people who couldn’t explain compound interest if they had to, ignore the 401k matches offered by […]

What Are Your Thoughts on Fake Grass?

Thursday, May 29th, 2008

The Personal Journal section in today’s Wall Street Journal had an article ($) about how some homeowners are turning to fake grass for their lawns instead of the real thing. My thought: YUCK! It just seems wrong to me. What’s next? Fake trees and flowers? Fake birds and insects? Fake kids playing out in the […]

Larry Winget’s 12 Ways to Go From Getting By to Getting Ahead

Wednesday, May 28th, 2008

I found this list of 12 Ways to Go From Getting By to Getting Ahead on page 200 in Larry’s book, You’re Broke Because You Want to Be (Affiliate Link). My thoughts are added in italics: 1. Know where you are. This is THE BEST place to start. Like Larry says in his book, most […]

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