This space was going to be filled with comments about Facebook. Then I realized that I should seek help from a real finance expert. Who else but Dave Ramsey? Take it away, Dave!
P.S. I actually agree with Dave Ramsey, if only because I don’t buy tech companies, period. I did cringe at “single stock trader,” which drives me up a wall. “Oh – you don’t invest in mutual funds? I guess you’re a day trader, then.”
Good Stuff Around the Net
The blogosphere is full of good stuff this week:
- Wealth Informatics shows us how to game Priceline bidding algorithms like a champ! This is pretty cool.
- Kevin at InvestItWisely is doing the full time thing. Even though I’m not Canadian, I did find his post on how to register a Canadian corporation pretty interesting. (TIL Quebec = America’s California.) Also, check out his new app “Easy Voice Recorder” for Android devices.
- Darwin wants to know how much money would it take for you to renounce your US citizenship.
- 101C has some career tips for young folks. My favorite? Don’t hurry. I need to work on that one…
- DQYDJ has an article on Wall Street Analysts’ ratings. (Spoiler: analysts are perma-bulls!) Also, he made a kick ass historical S&P500 returns calculator. Bookmark it!
- B&E prove their bravery by talking about the pitfalls of chasing high-dividend securities. Dig it – capital appreciation is where the money is!
- Funancials wants to know if he should buy a house. Survey says…yes!
I said $10 and a case of beer. Kidding. $10 million for me. You?
Things that drove me nuts this week
- My beloved Adams Golf will soon have a new owner. The last of its public earnings reports shows absolutely killer earnings. Sales were up 25% year-over-year, profits were up 32%, and the company had net equity of $8.53 per share. Adidas stole this thing for $10.80 per share, and I’m actually kind of mad about it.
- Berkshire Hathaway purchased 10 million GM shares. It’s a relatively small position, so certainly not a Buffett pick (he hates the car industry) but as PK at DQYDJ would say, “Doesn’t Matter; Buffett Involved.” I wish they would have gone for Ford, but glad Buffett’s firm sees the discount at which automakers are currently priced.