For the uninitiated, this is our (mostly, at least 40 times a year) weekly roundup of links we enjoyed over the week. We link a fair amount of both investing and personal finance things, and our claim to fame is usually investing pieces such as calculators.
For the long time readers, the following calculators have April data populated... so stop asking for at least 6 days when they'll be updated:
- S&P 500 Dividend Reinvestment Calculator
- Dow Jones Industrial Average Dividend Reinvestment Calculator
- 10 Year Treasury Coupon Reinvestment Calculator
Have at it.
Links We Liked!
- During California's current drought, there are a lot of articles about almond farms. Political Calcultions shines the spot (grow?) light on marijuana farmers. Also at PC, real time tracking of companies making dividend cut announcements.
- Why is James Altucher arguing against 401(k)s? I don't know - but between rollovers to IRAs (when you leave a company) and company matches, most of the problems of some 401(k)s are papered over or avoided. Yes, it's true you might have an expensive 401(k) - but just like your mortgage from 1978, it's not permanent.
- Read Morgan Housel's full defense of the 401(k).
- I love the frequent visits to the Costco topic at Funny About Money - which are only frequent because of the frequent visits to Costco (well - once a month, now). Is Costco shopping an addiction?
- Ben at A Wealth of Common Sense makes an excellent point - at a certain point, historical returns aren't a great benchmark because transaction costs have decreased. Perhaps returns will be lower from here on out because investors can so easily buy the market return in index funds.
- At Save. Spend. Splurge., an argument that food matters. And... it does. Sure, the PK household shops around and grabs food deals, but diet isn't a place we compromise - we figure nutrition and health pays more dividends than the stock market.
- Free By 50 reads the fine print - and proves it doesn't cost a ton to drive a car for a year, unless you insist on a new car. Interesting...
- A quick illustration from Barry Ritholtz: bubbles in markets steal from future gains.
- Do 90% of millionaires come from Real Estate? Well, I'm sure 90% of millionaires (and more!) own real estate - and Nelson at Financial Uproar is equally dubious.