Archives for June 2011

$10 for $20 of Old Navy Clothes on Groupon

Groupon has a new national deal today: $20 worth of stuff at Old Navy for only $10. Over 45,000 have been bought already. Gotta love cheap and at least temporarily-fashionable clothes! 🙂

Limit 1 per person. Purchase of Groupon may take up to 48 hours to process. Valid on purchase of $20 or more from 6/2 to 7/30/2011 at Old Navy Stores only. Product restrictions apply. (Not valid online or on purchases of Collectibilitees, MLB®, NBA®, NHL®, NFL®, college team, jewelry, school uniform, Gerber®, or TechnoWorld merchandise.) […] Discount Offer value expires 7/30/2011. $10 Paid For value does not expire.

If you don’t have a Groupon account already (what!?), please use my sign-up link, and I’ll get some Groupon credit for referring you. Then visit the deal link. Thanks!

Or, if you use them, you can save even more with cashback shopping sites like eBates ($5 new customer bonus), Mr. Rebates ($5 bonus), and BigCrumbs.

How’s Your Retirement Portfolio Doing?

You may or may not believe me, but even though I blog daily about money I only check my investment portfolio balances every few weeks. It’s part of my selective information restriction diet. I found it curious that the S&P 500 is now at ~1350. This reminded me of this earlier WSJ article about how long-term savers actually haven’t done all that poorly over the last decide. Their example is a young worker starting investing in 2000, investing regularly, and taking advantage of the 401(k) match from their employer amongst other stated assumptions:

Since the article was published, the S&P 500 is up nearly another 8%. Of course, if you invested in bonds for that decade you’d be even better off, but seriously who was 100% bonds the entire time. I know I wasn’t, but I was invested in some bonds, so I get some comfort that my personal return is a bit better. I’m relatively at peace with my investments, other than being a bit nervous after seeing the S&P so high without any proof of improved economic stability.

Home Price Index Update Shows Double Dip

The S&P Case Shiller Home Price index was updated yesterday with data through March 2011, or 2011 Q1. Here is the press release [PDF]. Here is the chart:


Click to enlarge. Sources: S&P Indices

Nationally, home prices are back to their mid-2002 levels. This means that any run-up in home prices between 2002 and the 2006 peak has been erased. On average home prices are selling at the same value they were nine years ago and are 34% below their 2006Q2 peak.

I feel like this whole thing is still going to take a while to fully unwind.