Welcome to the January 13, 2008 edition of Carnival of Making Real Money. Let’s get to the good stuff!
Blog of the Week – The Skilled Investor Blog
Larry Russell presents Fund Authority Scores – Taking the Snake Oil Out of Investment Fund Evaluation posted at THE SKILLED INVESTOR Blog, saying, “Superior mutual fund and ETF performance charts are the sales tools of modern financial snake oil salesmen. They allow investment fund promoters to market selectively their supposedly superior funds and to allege that their excessively high fees are worth it. Lured in by superior past performance, most often individual investors will get mediocre future performance before costs and even worse performance after costs.” This high quality blog explores this and discusses how the Fund Authority Scores may offer a more reliable way to evaluate performance.
Recommended Articles
KCLau presents Life is Harder at Taipei posted at KCLau’s Money Tips, saying, “Living standards in Taipei and how to be financially smart there” and it goes into some great details about the cost of living here. I could of course add a lot more, but I’m going to let KCLau say it as he offers lots of practical advice for locals, foreign residents and tourists!
Inspiration
Hill Robertson presents It’s a New Year – Get Your Butt in Gear posted at Hill Robertson and inspires us readers to actually do SOMETHING!
Christine presents Finding the Right Job for Your Teenager posted at Me, My Kid and Life: An American Single Mom Living in France and takes an unusual and detailed look at how parents can help teenagers deal with the challenges of finding work, managing their career and handling money. Well written with lots of suggestions for the inner teenager, as well.
Wenchypoo presents Income or Outlay posted at Wisdom From Wenchypoo’s Mental Wastebasket in which she advises: “Next time you need to “make more money”, instead investigate whether or not you’re really doing all you can in the expenses or outlay realm first.” Good devil’s advocate type post.
Dave Westwood presents My Million Dollar Mission posted at www.davewestwood.com. He’s taken the challenge of creating a $1,000,000 so let’s see if he can achieve it!
Marcus Hochstadt presents First Class Progress, Or The Power Of Deadlines posted at Marcus Hochstadt, saying, “Many of us have encountered times where we are working on a project every day and it seems, somehow, we do not proceed in the way we intended to. What’s the cause? Why is that so? In this article, Marcus Hochstadt provides two techniques that can catapult your accomplishments to new heights, once and for all.”
Investing
Praveen presents 2007 Stock Market Wrap-Up posted at My Simple Trading System. This published author presents a counter-intuitive article on his ’simple is best’ trading system. Unfortunately, you have to buy the book but it’s inexpensive (about $12.00). For the 3rd year, he claims “My approach was validated again this year. As I mentioned this morning, my portfolio was up 22% in 2007.”
Value Seeker presents Are Mutual Funds For You? posted at Stock Investing, saying, “Complete stock investing resource featuring advice on how to pick stocks, mutual funds tips, and stock broker reviews., Mutual funds and index funds are often good investments. But are they for you?” This is a useful overview for beginners in either area.
Investing Angel presents Common Stock Investing Mistakes posted at Stock Tips, saying, “As we go into 2008, let’s recap some of the common mistakes we all make and strive to avoid making them in 2008″ and he goes on to list five common mistakes. Any reasonable assessment assures me that there are definitely more than five, but it’s a worthwhile read.
Phil B. presents Short-Term versus Long-Term Capital Gains « Phil for Humanity posted at Phil for Humanity , saying, “Short-term investments must have a higher return just to guarantee the same profit over long-term investments because of the differences between short-term and long-term capital gains tax.” Though this is a US-based article, it’s an important concept that applies in many jurisdiction and tax regimes worldwide.
LIVING OFF DIVIDENDS presents How The World’s Cheapest Car Is Bad For Your Wallet posted at LIVING OFF DIVIDENDS , saying, “India’s making the world’s cheapest car. Expect gas prices to increase.” In fact, while in one sense, it may mean more expensive oil, just think ‘oil stocks’ and you could be sitting on a windfall.
What’s Hot in Money Making
Danogo presents Learn the Proven Money Making Keys to Successful E-commerce posted at Danogo.com – Discover. Inspiring . Media, saying, “Outlines the critical factors used by sites like Amazon and eBay that can be used to put together an online money making business.”
Amanda presents Save Some Extra Change posted at Pajama Mommy by reselling your used mobile phone and using the money against a new one!
Vandelay Website Design presents When Should You Monetize Your Website? posted at Vandelay Website Design, saying, “A discussion about the decision of monetizing a website from the start vs. waiting until traffic is built.” The comments also have a great discussion with varying viewpoints. Worthwhile topic.
Robert Phillips presents Why Create a DVD Information Product? posted at How to Create a DVD without Spending a Dime. If you’re interested in creating information based products, selling a DVD may be a way to monetize that information or technology. Of course, you could also add it to a learning package for ‘added-value’. Good discussion.
Dave Origano presents How To Setup An Extra Stream Of Income Of $500+ In 1 Day Or Less posted at Online Marketing & Exponential Business Growth Blog. While a little short on details, it was definitely inspiring how with a little vision, a little money, you can actually create a business. Very encouraging.
And Also…
Jen K presents How to get on Digg’s Front Page – Secrets of the Power Diggers posted at WebRevenue.org | Increase your Website Revenue .
That concludes this edition. Submit your blog article to the next edition of carnival of making real money using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.
Additional Notes on Submitting Articles
Please note, though, that the terms of the Carnival have changed slightly. If you have any questions, just see the most recent Carnival for what’s accepted. So hurry… get your submissions in! Check the Carnival of Making Real Money for current and complete guidelines.
* your article must be original and previously unpublished in this carnival. One article per person/blog only. I like to maintain variety of sources and topics. Additional articles may be resubmitted in the next edition. Multiple submissions to the same blog will be deleted, possibly including the first instance. So submit ONE article from one blog once only.
* no spam or articles that are pitching something for sale. This is not an advertising carnival. Your article MAY, however, include links as you wish…
* Please make sure that you aren’t posting irrelevant articles! Or if you think it’s relevant, or off-beat, highlight its relevance to this carnival.
* I’m definitely looking for articles that are readable, inspiring, and well-written for readers who may or may not have much investing or financial knowledge.
* All editorial decisions are final. I will not answer questions about why a particular article was or was not included. If you didn’t get in, submit again for the next issue.
It would be nice if you acknowledge the blog carnival somewhere on your website… Anywhere, it doesn’t matter: in a post, in the post you submitted, in the blogroll, … etc.. or you can do a separate post when the post is published. This helps to drive traffic to the carnival, where people can find your posts!
Best Wishes
Kenneth @ InvestorBlogger
Carnival of Making REAL Money
