Weekend Linkage - September 21, 2008
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The Money Writers and beyond
Building Wealth in An Age of Thieves Investors were wiped out when Bear Sterns, Lehman Brothers, AIG, Fannie and Freddie failed. How to make investing safe with all the uncertainties out there.
Curb Your Shopping Habits: How to Recover from a Huge Impulse Buy How about get rid of impulse buy all together.
How the Market Crisis can Help your Retirement If you believe the downturn is an opportunity, yes, it will help your retirement in the long-term.
An Alternative Investing Approach For Young Investors Diversify, diversify, diversify. Even young investors with time on their side still need to have well diversified portfolios to weather the storm.
Buying a Car? 10 Ways to Get the Best Deal Getting a good deal can save a lot of money (such as enough for a laptop).
The Choice Between Daycare and Staying at Home Well, it’s an easy choice for us: We have to go to work in order to make money to pay for the daycare
How to Make Your Job Better or Find a Better Job “Life’s too short to spend it working in a job you don’t like.”
$25 Referral Bonus for 529 Plan If only they had offered the bonus last year ……
How to Pick a Financial Planner I am a Do-It-Myself person, so the idea of getting a financial planner never occurred to me.
Earning power trumps return on investment That’s true, the most important thing is keeping your job when things are getting tough.
Worried That You Might Lose Your Savings Deposits? There’s a new government website you may not know (I don’t).
CGM Focus: A Perfect Example of Why Chasing Returns is Foolish Well, CGM didn’t make its name by just investing in oil. It has a track record.
Mortgage rates dropped! What would you do? Is it a time to buy a house or refinance a mortgage? People with good credit and steady income will sure benefit.
Carnivals
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Finance Fiesta at Our Fourpence Worth
Money Hacks Carnival at On a Quest To Be Debt Free
Carnival of Money Stories at My Daily Dollars
Carnival of Personal Finance at The Personal Financier
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I’m not saying CGM didn’t have a track record, but I am saying that chasing big returns that hit the front page of magazines is a poor investing strategy.
It’s true that investing based on what magazines are saying is not a good strategy. However, if you believe the fund manager can manage the fund to deliver returns for investors the long term (the track record), then a short-term setback isn’t as bad as it appears. In my opinion, it will be fool for people to buy the fund when it appeared on the front page of magazines then abandon it when the performance suffers because the correction in the energy sector. I have been owning this fund for more than 7 years, well before oil became the hottest commodity, and I am quite happy with what this fund has done so far.