The Sun’s Financial Diary

crowdsourcing at Birp Blap
Crowdsourcing is – at a very basic level – throwing a task or request for information out into the public, and accumulating and selecting the best results. The theory is similar to “getting a second opinion.â€?
Managing Your Money is Easier Said Than Done at Money Smart Life
Have you ever given anyone advice, [...]

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Ben at Money Smart Life has some idea on how to spend a bonus check. I am quit boring and I don’t treat a bonus check any differently than other checks I receive every other week: put it in my bank.
Lazy Man at Lazy Man and Money wondered whether he’s officially cheap, just becomes more [...]

Here are some articles that I found interesting today:

AllFinancialMatters built a all-ETF retirement portfolio model with equal allocation to six sectors plus cash. I am not surprised by the portfolio’s calculated return so far this year given how much commodities have gained. It also emphasizes the importance of having a diversified portfolio.
Sense to Save talked [...]

Do you file your tax return yourself? Or you get a pro to do the job for you? Ben at Money Smart Life wondered whether the cost of expert tax advice worth it. If they can lower my tax bill, then Yes.
How do you like the idea that IRS plans to spend $42 million sending [...]

Take a look at how some PF bloggers did last month:

Sense To Dollar: Up slightly at 0.64%;
Finance of A Russian Girl: An impressive 6% increase;
Boston Girl’s Open Wallet: o.25%, but still a positive growth rate;
The Div Guy: A drop of 2.7%;
Single Ma’s Fabulous Financials: A moderate decline of 0.58%;
2million: Down a tiny 0.34%;
Enough Wealth: A [...]

Silicon Valley Blogger at The Digerati Life talked about ways to increase your income so you can get ahead.
Are Americans saving too much for retirement? Jeremy at Generation X Finance had a post that  Yes, at least according to one man’s account.
Lazy Man at Lazy Man and Money shared his experience on how to [...]

Today’s reading:

Wise Bread suggested rolling your own cost-of-living index. The idea is fine (because you have to track your spending first), but it’s much easier said than done and the result could be misleading.
Mipgirl’s Fiscal Challenge has an excellent idea on what you can do when you stuck in traffic on your way home: save [...]

Good reads from my blogroll:

My Wealth Builder talked about the importance of having a goal, developing a plan and tracking the progress in achieving his early financial freedom.
My Money Blog decided to rebuild his portfolio and the first step he took is decide the right mix of equity and bond.
As the holiday season quietly approaches, [...]

It’s the first day of the month and some bloggers have reported their net worth today:

Single Guy Money: Gained 5.49% from prior month;
Moomin Valley: Net worth increased by 6.82%;
PFBlogs: A 9.2% growth in October;
Growth in Value: A growth of 3.93%;
Finance Travels: Increased net worth by 4.01%;
Loonies And Sense: An impressive 13.67% positive change;
The Div Guy: [...]