Entries for October, 2008

Carnival of Net Worth #10

Blog Carnival the carnival of net worth archives | submit post ee = document.getElementById(“bc_rating_tag”); message = new Array(“Poor”, “Nothing special”, “Worth reading”, “Pretty cool”, “Awesome!”); defMessage = “0 ratings”; for (i=1;i Welcome to the October 15, 2008 edition of the carnival of net worth.  this is a short one, so I’ll need some more submissions [...]

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Stay the course

The Dow Jones lost nearly 700 points today – another day of huge losses.  Every stock I own is officially in the crapper – down 10, 20, even 40% from when I purchased.  My retirement accounts are shrinking -and so are my mutual funds.  What am I going to do about it? Do nothing.  Do [...]

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The Fed is destroying your savings

Yesterday the Federal Reserve bank cut their key rate by another .5%, bringing it to an exceptionally low 1.5%.  What does that mean to you?  A couple, very important things.  For one, every bank will be announcing new, lower savings rates.  Your fancy online savings account ( you do have a fancy online savings account, [...]

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September 2008 Net Worth Report – $43129 -6%

Financially speaking, September of 2008 was one of the toughest months I can remember having.  (Click on that thumbnail to your left for a full-size view.)  After a very strong August, my net worth decreased by 6% in September.  On top of that, my wife quit her job, so future income / net worth is [...]

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