Carnival of Personal Finance #114: Better Late Than Never!
by Jason Dean
Hello, dear readers! First, I would like to apologize for the several days between updates. I was having some PC problems that prevented me from getting any work done for four days. Now that I’m back up and running, expect a flurry of activity here at SmartMoneyDaily — check back tomorrow (and the next day and the next day!) for more updates.
But for now, let’s take a look at the Carnival of Personal Finance #114; another great collection of personal-finance articles from all over the Web.
One of my favorite articles was definitely Understanding Stock Market Risk Tolerance: Big Ships vs. Small Ships from Growing Money. I liked it because it used the ship metaphor to help explain the complexities of the market — I think metaphors and parables are the best ways for people to begin to comprehend difficult subjects. Here’s a sample:
Just like the ships at sea, the companies in the market are susceptible to market waves. Small companies, like small ships, carry a high risk in the stock market and are more volatile. While investing in small company stocks, or small caps, can double your money, a single bad news can tank the stock. Big companies, like big ships, do not move as fast in the stock market but they are generally less responsive to the daily market fluctuations.
Make Money From Credit Cards: 0% Balance Transfer Profit Calculator Tool, published by my money blog, is another article especially worth checking out. If you’ll recall, I touched on this topic with Friend or Foe? How to Use Credit Cards to Your Advantage, published here at SmartMoneyDaily.
Tip #1: Scoring happens from within 100 yards. Forget all the shiny new drivers and hybrids and learn how to score from within 100 yards. For this, I turn to the master. Pick up copies of Dave Pelzâ€™s Short Game Bible and Dave Pelzâ€™s Putting Bible. Pelz will tell you everything, and I mean everything, you need to know to maximize your potential from within 100 yards.
All in all, there are a lot of great articles not featured above, so please check out the Carnival, sponsored by The Simple Dollar. I’ll see you all tomorrow with a fresh new update. Thanks again for being so patient.