Just like that, another month has come and gone. I’m determined to make November as productive a month as October. Who’s with me? Below is a recap of October and what’s in store for this month.
HIGHLIGHT POSTS FOR OCTOBER:
“We’re Ignorant Idiots! Tell Us Why A Flat Tax System Isn’t Fair!” - Is the first post to break the 100+ comment barrier as folks argue passionately about why we are ignorant idiots! Thanks Larry, Roger, Steph, Fredt, Matt, Kevin, BG, FB, Jon, Mike, Wookie and all of you for chiming in so passionately! The key takeaways from the comments are: 1) Most are opposed to a flat tax system for some odd reason :) 2) An introduction of a “wealth tax” and/or “national sales tax” seems more equitable but frankly unfeasible 3) The really rich pay less taxes because most of their income comes from long term capital gains which is currently being taxed at 15%!
“What Renting DVD’s Teaches Us About CD Yield Maximization” - This is an original concept that slaps traditional CD laddering strategies in the face. It was interesting to see the post picked up by The Bogleheads forum and debated there since those guys are usually hardcore on financial issues. The bottom line: Regardless of the interest rate environment, one’s CD money should always be invested in the longest term duration possible.
“Party Like It’s 1999! 10 Key Takeaways From This Recession” - The recession is officially over as we grew 3.5% year over year (YoY) in 3Q09. As we move into 4Q09 and 1Q10 results season, earnings will see a material YoY pick up partly due to low comparables from 3Q08 and 1Q09 levels. Accepting the economic recovery is one thing, but investing new money in the markets at these levels is another. I’m staying very defensive as I believe November is going to be another volatile month, vulnerable to a pullback.
“The Worst Seat On An Airplane Is The Best Seat In The Office” - This is a very simple but highly effective concept for those in offices who wish to increase their recognition. If ever you have an office move, or see a spot near the rest room, take it! You can buy me a beer 1 year later when you become the most popular guy in your office.
“The 30/30/3 Principle For Home Buyers To Follow” - Home buying is such an emotional decision, to counteract irrational thinking, we offer a simple guideline to follow before mortgaging your life away. If everybody followed the 30/30/3 principle, we never would have had such a blow up in the economy. In fact, the government should introduce a bill mandating a minimum amount of financial fitness before people can spend a multiple of their yearly income on housing.
GOALS FOR NOVEMBER & WHAT’S IN STORE