Busy week ahead as investors brace themselves for another wild ride in the markets. Personally, my 401K and investment portfolio have had their 2011 gains wiped out and are down over 10%. I keep telling myself not to sell in panic, but the fear of further falls is unsettling to say the least. Not helping is the ongoing grid lock in Washington DC with another government shutdown looming due to a lack of consensus on how FEMA funding should be paid for. Hard to believe but we are almost in the fourth quarter of 2011 and I just hope the final quarter is better than the last three.
Here are some good reads from around the web:
- How To Become A Millionaire: How Even An Average Income Can Lead To A Million Dollars Saved (Bible Money Matters) – It’s possible, with some perseverance.
- 9 Indispensable Financial Tips for Teens & Twentysomethings (Len Penzo dot Com) – The first is the best: Learn to cook!
- 10 Cheap Stocks With Dependable Earnings (Smart Money) – A timely read in these uncertain times.
- Five things to remember after the FTSE’s latest fall (Monevator) - Swap NYSE with FTSE, and the tips are spot-on.
- My Real Life ‘Rich Dad, Poor Dad (Dough Roller) – A real personal finance story.
- Think Twice Before You Buy on the Dips (WSJ) – Don’t day trade, if you have a day job.
- Is Going to College and Getting a Degree Worth It? (Money Crashers) – I sure hope so, I have two of these.
- Is Social Security a Ponzi Scheme? (Lazy Man and Money) – The rules are clear, the funding is not.
- Who wants to tax a millionaire? (The Economist) – I do. Until I become one that is.
- Happiness and Discount value of Money (Early retirement Extreme)
Money Book of Week: Thinking, Fast and Slow – Like Outliers and Freakanomics, this book looks at human behavior and psychology when it comes to decisions and business. I have it on order and looking forward to a good read it if the reviews are any indication.