What sort of cognitive dissonance does it cause when you read a new post in February and the title contains a data in January? Whatamess!
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Don't Quit Your Day Job is a site which varies between many types of articles - Personal Finance, Politics, Investing, Economics, Random. One of those categories, Investing, has been given short shrift in order to make way for more articles in the other categories. Today we plant a stake; 'Investing' will now have a featured article monthly, where we'll use options to try to determine the outlook for the S&P 500 in the near future. Since this is the first article, let's discuss the method we will use to predict movement.
You're back reading the Weekender! Happy weekend!
Let's dig into the best articles of the week!
Well, Newt Gingrich took down previous favorite Mitt Romney in a shocker in South Carolina. What can we say about the upset? These exit poll posts will continue until morale improves!
You can read the cross-tabs here.
You've got an IRA, right? This site has been preaching the tax benefits of both traditional and Roth IRAs since the beginning... and we aren't going to stop now. So hopefully you've been diligently saving in your IRA, with the hope that some day you'll have a couple million dollars in there (or at least a good amount of funds you can tap in retirement).
Mitt Romney, it was revealed in financial disclosure documents, has an Individual Retirement Account worth somewhere between $20.7 and $101.6 million dollars. Note that IRAs have a small limit when compared to 401(k)s and other employer retirement accounts, so this came as somewhat of a shock to people with IRAs. How did Mr. Romney achieve such an impressive sum in his retirement account?
Can you ever forgive us for blacking out the site Wednesday? You can? Okay... then hopefully you'll forgive a bit more ranting on the issue in this edition of the Weekender (most of it way below the fold.)
That didn't take long, did it?
I gave you this rambling post on college major salaries a few months back. Today I present to you a fresh perspective from the National Association of Colleges and Employers (pdf). It breaks down the categories a little bit differently, but now that we've got some hard 2011 data you know the DQYDJians demand a graph!
Welcome to the Weekender, the highlight of everyone's week! (And isn't that what really disappoints you during the week- the fact that DQYDJ is so far away from posting another Weekender?)
The late William F. Buckley, founder of the conservative-leaning political magazine National Review had a very famous quote when it came to the Republican primaries: vote for the most conservative candidate who can win. Add to that little piece of advice this oft-repeated maxim: "Democrats fall in love. Republicans fall in line." (popularized by Bill Clinton). Toss those two together and what do you get? New Hampshire Primary results... at least according to the exit polls! Let's dig in...
We apologize in advance if this discussion is too concentrated on minutiae and definitions, but we'd like to clarify an issue (with the help of our readers!).
Let's just throw it out here: "How do you define savings?". It's a serious question, and you're going to get two articles with serious answers... one from yours truly and another from Cameron, our resident Economist. Let me lead with my definition: 'savings' , in my mind, is any money set aside from current earnings that is easily accessible, liquid, fungible, and have a reasonable chance for maintenance of principal and appreciation.