Rough week in Pillar land – family stomach flu and hosting problems which resulted in switching the blog to a new host. I’ll be posting the details on Monday (about the hosting change – not the flu!).
Here are a few posts that I read this week:
I thought this post on what you should do when job hunting was simply brilliant. I really liked the advice about keeping yourself “employed” (or what appears to be employed on paper) when you are not. I found out about Penelope Trunk’s Brazen Careerist blog after seeing repeated links from Brip Blap who is always a great read. Both blogs are very worthwhile.
Ron from the Wisdom Journal explains how he and his wife paid off $120,000 in debt in 52 months. Keep in mind that 52 months is over 4 years so we’re not talking about a short-term effort here. Congrats to Ron and I’m sure he can’t help but wonder what things would be like if they had not accrued that much debt in the first place.
One of my favourite topics lately is the car companies – Ken Lewenza, the head of the CAW insists that he can maintain his members’ existing wage and benefits packages. While I understand that the CAW is negotiating and no union should agree to major cutbacks just because a company is in a short-term down period – I think in this case the only way Mr. Lewenza can keep his ridiculous promise would be to somehow buy all the car companies himself. Of course in that case he would probably lose his union job.
Moolanomy has a regular feature called Ask Larry Swedroe who is a very good investing expert. This weeks question was “Should you own individual stocks” – I’ve read a lot of answers to this common question before but I thought Larry’s answer was very good.
And last, but certainly not least – Plonkee Money – a very worthwhile read – wrote a post about the magic money cupboard. This post really illustrates a common opinion that most financial companies have some “secret” money management skills that somehow allow them to earn above average investment returns. If they do, they certainly keep those excess profits close to home.