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	<title>Comments on: The Kiplinger BS Is Really Getting To Me</title>
	<atom:link href="http://weakonomics.com/2009/07/13/the-kiplinger-bs-is-really-getting-to-me/feed/" rel="self" type="application/rss+xml" />
	<link>http://weakonomics.com/2009/07/13/the-kiplinger-bs-is-really-getting-to-me/</link>
	<description>Everything That&#039;s Wrong With You And Your Money</description>
	<lastBuildDate>Mon, 15 Mar 2010 16:08:18 +0000</lastBuildDate>
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		<title>By: Weakonomics Links: Mangagement or Egoeconomics? &#124; Weakonomi¢s</title>
		<link>http://weakonomics.com/2009/07/13/the-kiplinger-bs-is-really-getting-to-me/comment-page-1/#comment-2704</link>
		<dc:creator>Weakonomics Links: Mangagement or Egoeconomics? &#124; Weakonomi¢s</dc:creator>
		<pubDate>Fri, 24 Jul 2009 14:17:55 +0000</pubDate>
		<guid isPermaLink="false">http://weakonomics.com/?p=2549#comment-2704</guid>
		<description>[...] Thicken My Wallet initially attracted my with a headline &#8220;Personal Finance Blogs vs Mainstream Media&#8221;.  Little did I know part of the inspiration for the post was my attack on Dennis Kneale.  This post offers a clear view of the situation between blogs and traditional media.  If you&#8217;re a regular reader of Weakonomics you need to read this post to see what a post looks like when it&#8217;s well-written an organized, something always missing from Weakonomics.  At the end a point is made that blogs and media should be conveyors of information and not opinion.  That&#8217;s the only place where I disagree.  I think shared opinion is important even in the traditional media, however what is unacceptable is the business of sharing opinions.  I find anyone who shares their opinion as a primary source of income to be useless to society.  If you liked my attack on Kneale, don&#8217;t forget about when I went after Kiplinger. [...]</description>
		<content:encoded><![CDATA[<p>[...] Thicken My Wallet initially attracted my with a headline &#8220;Personal Finance Blogs vs Mainstream Media&#8221;.  Little did I know part of the inspiration for the post was my attack on Dennis Kneale.  This post offers a clear view of the situation between blogs and traditional media.  If you&#8217;re a regular reader of Weakonomics you need to read this post to see what a post looks like when it&#8217;s well-written an organized, something always missing from Weakonomics.  At the end a point is made that blogs and media should be conveyors of information and not opinion.  That&#8217;s the only place where I disagree.  I think shared opinion is important even in the traditional media, however what is unacceptable is the business of sharing opinions.  I find anyone who shares their opinion as a primary source of income to be useless to society.  If you liked my attack on Kneale, don&#8217;t forget about when I went after Kiplinger. [...]</p>
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		<title>By: Weakonomics Links: The Umbrella Problem &#124; Weakonomi¢s</title>
		<link>http://weakonomics.com/2009/07/13/the-kiplinger-bs-is-really-getting-to-me/comment-page-1/#comment-2666</link>
		<dc:creator>Weakonomics Links: The Umbrella Problem &#124; Weakonomi¢s</dc:creator>
		<pubDate>Fri, 17 Jul 2009 14:47:05 +0000</pubDate>
		<guid isPermaLink="false">http://weakonomics.com/?p=2549#comment-2666</guid>
		<description>[...] My Money Blog posted on a similar topic that I did on Monday, crappy Personal Finance magazines. My compatriot was much nicer than I, however the point remains. In this instance he points out that the magazines have misleading headlines like &#8220;Stocks That Pay 8%&#8221; (Kiplinger 10/08) which completely ignore other important factors. For example, why is the stock paying 8%? Is it because the price has been hammered? Then in that case the stock may be very risky. Other PF blogs and the PF mags especially always ignore risk. Risk is king. A stock paying 5% is not worse than one paying 8% unless you actually know how risky each one is! Read the post, it&#8217;s got more to add. Once again though, screw you Kiplinger! [...]</description>
		<content:encoded><![CDATA[<p>[...] My Money Blog posted on a similar topic that I did on Monday, crappy Personal Finance magazines. My compatriot was much nicer than I, however the point remains. In this instance he points out that the magazines have misleading headlines like &#8220;Stocks That Pay 8%&#8221; (Kiplinger 10/08) which completely ignore other important factors. For example, why is the stock paying 8%? Is it because the price has been hammered? Then in that case the stock may be very risky. Other PF blogs and the PF mags especially always ignore risk. Risk is king. A stock paying 5% is not worse than one paying 8% unless you actually know how risky each one is! Read the post, it&#8217;s got more to add. Once again though, screw you Kiplinger! [...]</p>
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		<title>By: Rob Bennett</title>
		<link>http://weakonomics.com/2009/07/13/the-kiplinger-bs-is-really-getting-to-me/comment-page-1/#comment-2644</link>
		<dc:creator>Rob Bennett</dc:creator>
		<pubDate>Tue, 14 Jul 2009 14:01:08 +0000</pubDate>
		<guid isPermaLink="false">http://weakonomics.com/?p=2549#comment-2644</guid>
		<description>I agree that the state of personal finance journalism is poor -- marketing considerations dominate.

We need to be thinking about developing solutions to the problem.

Blogs are a &lt;i&gt;potential&lt;/i&gt; answer. But there is a lot of bad stuff going on in the Personal Finance Blogosphere too. It&#039;s harder to look at the man in the mirror than to find fault with big corporate entities. But I think that all money bloggers need to begin making an effort to do this. Personal finance blogs will not end up being the solution unless we work together to make them better than what there are today.

Rob
.-= Rob Bennett&#180;s last blog ..&lt;a href=&quot;http://arichlife.passionsaving.com/2009/07/14/the-smart-investor-must-be-willing-to-make-much-less-in-boom-cycles/&quot; rel=&quot;nofollow&quot;&gt;“The Smart Investor Must Be Willing to Make Much Less in Boom Cycles”&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>I agree that the state of personal finance journalism is poor &#8212; marketing considerations dominate.</p>
<p>We need to be thinking about developing solutions to the problem.</p>
<p>Blogs are a <i>potential</i> answer. But there is a lot of bad stuff going on in the Personal Finance Blogosphere too. It&#8217;s harder to look at the man in the mirror than to find fault with big corporate entities. But I think that all money bloggers need to begin making an effort to do this. Personal finance blogs will not end up being the solution unless we work together to make them better than what there are today.</p>
<p>Rob<br />
<span class="cluv"> Rob Bennett&#180;s last blog ..<a href="http://arichlife.passionsaving.com/2009/07/14/the-smart-investor-must-be-willing-to-make-much-less-in-boom-cycles/" rel="nofollow">“The Smart Investor Must Be Willing to Make Much Less in Boom Cycles”</a> <span class="heart_tip_box"><img class="heart_tip" alt="My ComLuv Profile" border="0" width="16" height="14" src="http://weakonomics.com/wp-content/plugins/commentluv/images/littleheart.gif"/></span></span></p>
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		<title>By: Darwin's Finance</title>
		<link>http://weakonomics.com/2009/07/13/the-kiplinger-bs-is-really-getting-to-me/comment-page-1/#comment-2640</link>
		<dc:creator>Darwin's Finance</dc:creator>
		<pubDate>Mon, 13 Jul 2009 21:23:51 +0000</pubDate>
		<guid isPermaLink="false">http://weakonomics.com/?p=2549#comment-2640</guid>
		<description>We think alike.  I tweeted about the UPS/Starbucks &quot;companies hiring&quot; when I saw the article online and said, &quot;This is what it&#039;s come to?&quot;.  Much of what&#039;s printed these days is such regurgitated, insipid drivel, it drives me nuts.  Blogs have their share of errors and misinformation if you hit the wrong ones, but I tend to get my best reading now from my RSS newsreader rather than the mags as well.

The only one I still read is BusinessWeek, which does also tend to do a few articles geared toward the lowest common denominator, but it&#039;s the best of several lousy options out there IMO.  I used to read the Economist as well, but two mags is too much, and it&#039;s a little UK/academia-centric to choose over BW.

Thanks for pointing out and keep up the good work here!
.-= Darwin&#039;s Finance&#180;s last blog ..&lt;a href=&quot;http://feedproxy.google.com/~r/DarwinsFinance/~3/7JC9ecZK2v8/&quot; rel=&quot;nofollow&quot;&gt;Lazy Portfolios Beat the S&amp;P - but Claims are Bogus and Deceiving&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>We think alike.  I tweeted about the UPS/Starbucks &#8220;companies hiring&#8221; when I saw the article online and said, &#8220;This is what it&#8217;s come to?&#8221;.  Much of what&#8217;s printed these days is such regurgitated, insipid drivel, it drives me nuts.  Blogs have their share of errors and misinformation if you hit the wrong ones, but I tend to get my best reading now from my RSS newsreader rather than the mags as well.</p>
<p>The only one I still read is BusinessWeek, which does also tend to do a few articles geared toward the lowest common denominator, but it&#8217;s the best of several lousy options out there IMO.  I used to read the Economist as well, but two mags is too much, and it&#8217;s a little UK/academia-centric to choose over BW.</p>
<p>Thanks for pointing out and keep up the good work here!<br />
<span class="cluv"> Darwin&#8217;s Finance&#180;s last blog ..<a href="http://feedproxy.google.com/~r/DarwinsFinance/~3/7JC9ecZK2v8/" rel="nofollow">Lazy Portfolios Beat the S&amp;P &#8211; but Claims are Bogus and Deceiving</a> <span class="heart_tip_box"><img class="heart_tip" alt="My ComLuv Profile" border="0" width="16" height="14" src="http://weakonomics.com/wp-content/plugins/commentluv/images/littleheart.gif"/></span></span></p>
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		<title>By: Mrs. Micah</title>
		<link>http://weakonomics.com/2009/07/13/the-kiplinger-bs-is-really-getting-to-me/comment-page-1/#comment-2638</link>
		<dc:creator>Mrs. Micah</dc:creator>
		<pubDate>Mon, 13 Jul 2009 18:40:25 +0000</pubDate>
		<guid isPermaLink="false">http://weakonomics.com/?p=2549#comment-2638</guid>
		<description>Yep. I used to browse the financial mags when I was working in a public library--never found anything worth reading one regularly, even for free at the library.

Loved the silver linings bit!
.-= Mrs. Micah&#180;s last blog ..&lt;a href=&quot;http://feedproxy.google.com/~r/MrsMicah/~3/sEytVC0oAY8/&quot; rel=&quot;nofollow&quot;&gt;Credit Card Red Flags May Lower Your Credit Limit&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>Yep. I used to browse the financial mags when I was working in a public library&#8211;never found anything worth reading one regularly, even for free at the library.</p>
<p>Loved the silver linings bit!<br />
<span class="cluv"> Mrs. Micah&#180;s last blog ..<a href="http://feedproxy.google.com/~r/MrsMicah/~3/sEytVC0oAY8/" rel="nofollow">Credit Card Red Flags May Lower Your Credit Limit</a> <span class="heart_tip_box"><img class="heart_tip" alt="My ComLuv Profile" border="0" width="16" height="14" src="http://weakonomics.com/wp-content/plugins/commentluv/images/littleheart.gif"/></span></span></p>
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		<title>By: SJ</title>
		<link>http://weakonomics.com/2009/07/13/the-kiplinger-bs-is-really-getting-to-me/comment-page-1/#comment-2637</link>
		<dc:creator>SJ</dc:creator>
		<pubDate>Mon, 13 Jul 2009 17:46:44 +0000</pubDate>
		<guid isPermaLink="false">http://weakonomics.com/?p=2549#comment-2637</guid>
		<description>So sad =(!

On the bright side engr. seems to be hiring decently (and being lame and having mostly engring friends...) that and ducking it out in grad school. Is useful I guess.

Life sucks for recent grads, kinda... the 2nd only makes sense if you have money to put in and if you did the emotional shock of the hit kind of sucks. 

I think it &quot;rocks&quot; only that I feel *slightly* better being in grad school. ::sighs::
.-= SJ&#180;s last blog ..&lt;a href=&quot;http://www.6bubbles.com/blog/2009/06/sj-seeks-the-economic-naturalist/&quot; rel=&quot;nofollow&quot;&gt;SJ seeks “The Economic Naturalist”&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>So sad =(!</p>
<p>On the bright side engr. seems to be hiring decently (and being lame and having mostly engring friends&#8230;) that and ducking it out in grad school. Is useful I guess.</p>
<p>Life sucks for recent grads, kinda&#8230; the 2nd only makes sense if you have money to put in and if you did the emotional shock of the hit kind of sucks. </p>
<p>I think it &#8220;rocks&#8221; only that I feel *slightly* better being in grad school. ::sighs::<br />
<span class="cluv"> SJ&#180;s last blog ..<a href="http://www.6bubbles.com/blog/2009/06/sj-seeks-the-economic-naturalist/" rel="nofollow">SJ seeks “The Economic Naturalist”</a> <span class="heart_tip_box"><img class="heart_tip" alt="My ComLuv Profile" border="0" width="16" height="14" src="http://weakonomics.com/wp-content/plugins/commentluv/images/littleheart.gif"/></span></span></p>
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		<title>By: ObliviousInvestor</title>
		<link>http://weakonomics.com/2009/07/13/the-kiplinger-bs-is-really-getting-to-me/comment-page-1/#comment-2636</link>
		<dc:creator>ObliviousInvestor</dc:creator>
		<pubDate>Mon, 13 Jul 2009 17:16:32 +0000</pubDate>
		<guid isPermaLink="false">http://weakonomics.com/?p=2549#comment-2636</guid>
		<description>Agreed completely. It sure doesn&#039;t feel like the recession &quot;rocks&quot; when your spouse gets laid off and between 1/3 and 1/2 of your friends (who all have degrees from a private university, with respectable GPAs) work part-time jobs that would be better to &lt;i&gt;not&lt;/i&gt; put on a resume.
.-= ObliviousInvestor&#180;s last blog ..&lt;a href=&quot;http://www.obliviousinvestor.com/2009/07/why-we-invest-in-actively-managed-mutual-funds/&quot; rel=&quot;nofollow&quot;&gt;Why We Invest in Actively Managed Mutual Funds&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>Agreed completely. It sure doesn&#8217;t feel like the recession &#8220;rocks&#8221; when your spouse gets laid off and between 1/3 and 1/2 of your friends (who all have degrees from a private university, with respectable GPAs) work part-time jobs that would be better to <i>not</i> put on a resume.<br />
<span class="cluv"> ObliviousInvestor&#180;s last blog ..<a href="http://www.obliviousinvestor.com/2009/07/why-we-invest-in-actively-managed-mutual-funds/" rel="nofollow">Why We Invest in Actively Managed Mutual Funds</a> <span class="heart_tip_box"><img class="heart_tip" alt="My ComLuv Profile" border="0" width="16" height="14" src="http://weakonomics.com/wp-content/plugins/commentluv/images/littleheart.gif"/></span></span></p>
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		<title>By: The Incidental Economist</title>
		<link>http://weakonomics.com/2009/07/13/the-kiplinger-bs-is-really-getting-to-me/comment-page-1/#comment-2635</link>
		<dc:creator>The Incidental Economist</dc:creator>
		<pubDate>Mon, 13 Jul 2009 16:00:26 +0000</pubDate>
		<guid isPermaLink="false">http://weakonomics.com/?p=2549#comment-2635</guid>
		<description>I don&#039;t read any money or investing periodicals, only blogs and forums I respect.

I think it is true, though somewhat obvious, that a very bad recession is generally harder for older and easier for younger people to weather (all other things being equal).

I&#039;m still somewhat young, but being 10 years out of graduate school I do not count myself as a &quot;recent&quot; graduate. Still, I&#039;m happy to be buying equities at lower prices, assuming they go up (way up) over the next few decades. 

But the biggest lesson of the recession is that it hammered the near-retirees and retirees who didn&#039;t have their financial house in order. Many, many, many, many, many had an overly aggressive AA, either out of ignorance or out of need for high returns (due to lack of saving at younger ages). It could happen again. To you. (I&#039;m talking to you &quot;recent&quot; grads.)

If anyone living through the current recession does not learn this lesson they may be headed for a world of pain. Being aware of willingness, ability, and need for risk at all ages is critical. I&#039;ll be blogging on this topic soon.
.-= The Incidental Economist&#180;s last blog ..&lt;a href=&quot;http://feedproxy.google.com/~r/TheIncidentalEconomist/~3/98rCZFlkgAc/&quot; rel=&quot;nofollow&quot;&gt;Circularity via Guest Post&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>I don&#8217;t read any money or investing periodicals, only blogs and forums I respect.</p>
<p>I think it is true, though somewhat obvious, that a very bad recession is generally harder for older and easier for younger people to weather (all other things being equal).</p>
<p>I&#8217;m still somewhat young, but being 10 years out of graduate school I do not count myself as a &#8220;recent&#8221; graduate. Still, I&#8217;m happy to be buying equities at lower prices, assuming they go up (way up) over the next few decades. </p>
<p>But the biggest lesson of the recession is that it hammered the near-retirees and retirees who didn&#8217;t have their financial house in order. Many, many, many, many, many had an overly aggressive AA, either out of ignorance or out of need for high returns (due to lack of saving at younger ages). It could happen again. To you. (I&#8217;m talking to you &#8220;recent&#8221; grads.)</p>
<p>If anyone living through the current recession does not learn this lesson they may be headed for a world of pain. Being aware of willingness, ability, and need for risk at all ages is critical. I&#8217;ll be blogging on this topic soon.<br />
<span class="cluv"> The Incidental Economist&#180;s last blog ..<a href="http://feedproxy.google.com/~r/TheIncidentalEconomist/~3/98rCZFlkgAc/" rel="nofollow">Circularity via Guest Post</a> <span class="heart_tip_box"><img class="heart_tip" alt="My ComLuv Profile" border="0" width="16" height="14" src="http://weakonomics.com/wp-content/plugins/commentluv/images/littleheart.gif"/></span></span></p>
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		<title>By: asgreen</title>
		<link>http://weakonomics.com/2009/07/13/the-kiplinger-bs-is-really-getting-to-me/comment-page-1/#comment-2634</link>
		<dc:creator>asgreen</dc:creator>
		<pubDate>Mon, 13 Jul 2009 14:32:35 +0000</pubDate>
		<guid isPermaLink="false">http://weakonomics.com/?p=2549#comment-2634</guid>
		<description>Articles like this one is exactly why I stopped reading Kiplinger and other money magazines. While I still like there website for their financial calculators I ignore most of their articles.
.-= asgreen&#180;s last blog ..&lt;a href=&quot;http://alwaystheplanner.blogspot.com/2009/07/thank-you.html&quot; rel=&quot;nofollow&quot;&gt;Thank You&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>Articles like this one is exactly why I stopped reading Kiplinger and other money magazines. While I still like there website for their financial calculators I ignore most of their articles.<br />
<span class="cluv"> asgreen&#180;s last blog ..<a href="http://alwaystheplanner.blogspot.com/2009/07/thank-you.html" rel="nofollow">Thank You</a> <span class="heart_tip_box"><img class="heart_tip" alt="My ComLuv Profile" border="0" width="16" height="14" src="http://weakonomics.com/wp-content/plugins/commentluv/images/littleheart.gif"/></span></span></p>
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