Forget the web junction thing, I wasn’t feeling it. We’re just doing “Weakonomics Links” from now on.
I’m really pumped about my editor’s choice this week. Granted that’s like Conan O’Brien saying he’s going to have a great show, but whatever. Mike from The Oblivious Investor has been blissfully ignoring the media for a long time now and knows a thing or two about investing to boot. If it’s possible to have a bromance in the blogosphere, color me smitten. I tweeted earlier this week that I’m initially drawn to interesting twitter names, Oblivious Investor is attention grabbing enough for me. He doesn’t disappoint with interesting tweets either, but we’re here to talk about actual posts.
There were two that really got my attention this week. The first was The Downside to Passive Investing, it’s short, sweet, and exactly true. The second was an in depth look at How Brokers, AKA: Financial Advisors Get Paid. The most important takeaway is exactly the same as is preached here and elsewhere, ALWAYS ASK HOW A BROKER/ADVISOR GETS PAID. The guts of this post offer great insight, and as someone who works closely to this business, I can confirm it’s all accurate.
Also, please note I’ve added The Oblivious Investor to my blogroll to the right. Mike recently published a book by the same name as the blog, you can check it out here.
Here’s the best of the rest I’ve been reading this week:
The Money Hawk compiles a list of the funniest reasons to give when closing your credit cards. They always ask why you’re closing at make it difficult to do so, feign a little insanity and you can likely expedite the process.
Darwin’s Finance highlights a study conducted by Sallie Mae about the use of credit cards with college students. This really struck me because of the news of new credit card rules requiring young’ns to get co-signers for the plastic debt. The startling statistic is that only 15% of freshmen don’t carry a balance on their cards. I think a co-signer might be a good idea, as in “um no I won’t put my name on your card, so you won’t get one.”
Bargaineering featured a three-part guest series written by Matt from Steadfast Finances, a frequent commenter here. Matt’s full-time job is as an independent day trader. He has offered some insights into his life and what it’s like to do what he does. The initial link takes you to the first post, the next post is linked at the bottom and the final is at the bottom of the second one. Though the first post is perhaps the best, you should read through all of them.
Photo: rajeshvj
 By The Weakonomist |
The Weakonomist is the founder of Weakonomics. Clicking the picture of the puppy will tell you more about him. If you like what you're reading consider subscribing to the blog, following him on Twitter, and checking out the related posts below. Please consider a donation if you really enjoy Weakonomics. Also keep in mind that nothing I say can be construed as financial advice. |
