Archives for 2017

Amazon Prime: Create Pet Profile, Get 20% Off Pet Food Order

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

azpetsAmazon Prime members can get 20% off their next pet food and treats order (up to $20) after they create their first pet profile. It’s free to create a profile and they include cats, dogs, horses, birds, fish, turtles, and more. You can also sign up for future pet-related promotions and discounts.

Order must be “sold by Amazon.com” and completed within 180 days of profile creation. Promotion will be automatically applied at checkout and will apply to Subscribe & Save orders. Overall, a relatively easy 20% off an entire order of items in the “pet food & treats” category. I might even double up my order to max out the $20 discount and cancel my usual Subscribe and Save.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Starbucks App: Load $20 w/ Chase Pay, Get Gold Status + 300 Bonus Stars

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

starbucksStarbucks and Chase Pay have a new promotion that gets you 300 bonus stars when you load $20+ via Chase Pay on the Starbucks app. Click the link for specific instructions for iOS or Android phones. Expires November 21st, 2017. Easy to sign up and my 300 points showed up quickly.

  • 300 stars is enough to earn Gold Status (or renew your current Gold status), after which you can redeem 125 stars for a free food or drink on the menu at Starbucks.
  • Chase Pay requires you to have an eligible Chase Visa consumer credit card, debit card, or Chase Liquid card.

300 stars can be valued at over $10 pretty easily, as every 125 star reward can be redeemed nearly any food or drink item on their menu. Besides a huge Venti caffeine/sugar bomb, most of their lunch food items are over $5 and some are closer to $9. They now have protein boxes, protein bowls, hot/cold sandwiches, and more. Alcoholic beverages are excluded.

What can I redeem my Reward for?

Starbucks® stores: one [1] complimentary handcrafted beverage [standard Starbucks menu sizes only], food item or ready-to-drink bottled beverage at participating Starbucks stores.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


ZOE XL2: Our Favorite Lightweight Double Stroller for Travel

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

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If you have young children and like to travel, you likely appreciate a lightweight stroller that still retains those small-but-important features.* After trying out several different brands, our family favorite is the ZOE XL2 double stroller (see 600+ reviews, buy direct from ZOE as a third-party seller). They aren’t a big name brand and you won’t find them in any major big box retailer.

This double stroller weighs only 16 pounds and the single stroller only weighs 10 pounds. That means this double stroller is lighter than many single strollers. How? They made it from aluminum as opposed to steel. Meanwhile, it still has quick-folding capability, extended shade canopies, 135 degree recline, lower basket, and snack/cup holders.

We’ve taken the ZOE XL2 on multiple extended international trips and the weight savings makes a big difference. It can be hard to explain until you compare it side-by-side with strollers that call themselves “lightweight” yet are twice as heavy. Weigh your current stroller and compare! Both of us can carry the XL2 with one hand.

There are also cheap “umbrella” double strollers, but they lack the extended shade canopies and/or deeper recline that allows for easier naps in the stroller.

Our only warning is to keep the removable cupholders in your carry-on bags if you don’t use a gate check bag. (We also recommend a gate check bag for protection. Yes, it’ll get beaten up and probably torn after about 10 flights. I think of it as paying less than $2 per flight. Besides, would you rather have the abuse be inflicted directly upon your stroller?)

Right now ZOE is liquidating their stock of returned and open-box strollers. The prices and discounts vary, but as of this writing you can get the XL1 for $100 and XL2 for $190. They promise it to be “like new” and never taken outside. This is not a sponsored or paid post, we are simply happy customers and they announced this sale to their mailing list members.

* I’m not saying this stroller is only for travelers as it is our “daily driver” as well, but it does cost more than some other value brands. A few more pounds matters less when you’re not carrying it through airports and pushing it 10 miles a day up and down hills.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


IKEA In-Store Discount 2017: $25 off $150 Coupon

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

ikea0This weekend only, IKEA has a printable $25 off $150 coupon [pdf] that is valid through 4/22/18. The coupon states that you can also show it on your phone at checkout. Valid in US stores only. Here is selected fine print:

Not valid on IKEA Kitchen Event offer, IKEA services, Eat for Free or Kids Eat Free IKEA Food Offers, IKEA FAMILY Individual Kitchen Planning Service Offer or in the IKEA Restaurant or Swedish Food Market. Not valid on previous purchases or the purchase of IKEA Gift Cards.

IKEA coupons are pretty rare, other than their ongoing $25 off $250 moving coupon.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Is Taking All Your Money Out of the Stock Market Ever A Good Idea?

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

timemoneylogoIf you enjoy financial success stories from people with modest incomes, check out the Time Money article I Took All My Money Out of the Stock Market and It Feels Amazing. Yes, the title is a bit clickbaity, but it’s still worth a read.

Rosalind Warren combined her personal savings with a modest inheritance, invested it in low-cost index funds, and left it alone for a long time. These are exactly the three things that the prudent DIY investor is supposed to do. (She even used Vanguard index funds. Future spokesperson?)

Here’s how $10,000 invested in the mentioned Vanguard Balanced Index Fund would have done since its 1992 inception (via Morningstar):

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The frugal librarian is now age 62 with a paid-off house, no debt, and a “high six-figure” nest egg. However, she differs from the prototypical retiree in that she recently sold off all her stocks:

I once figured out exactly how much money I would need to live on — not lavishly, but comfortably — for the rest of my life. I promised myself that once I had that amount, I would actually do just that — take my money out of the market and live on it for the rest of my life.

Last week, I reached that goal.

I’m 62. I’ve spent decades caring about the market. I counted on it to make me enough money so that I’d be able to cash in my chips and walk away when I hit retirement age.

And so it did.

And now? It’s time for this librarian to declare victory and get the hell out.

Having zero stock holdings is not something that would usually be recommended by professional financial planners. Most would recommend at least some small allocation to stocks. But you know what? If you read the entire article, Warren shows that she has done her research and appears to understand the angles. She’s not stuffing the money in a mattress. She’s not panicking or predicting a crash. She’s shown that she can control her spending.

Her portfolio now consists of U.S. Treasuries, Treasury Inflation-Protected Securities (or TIPS bonds), and laddered CDs. First, this shows she knows that the biggest danger of not having any stocks is inflation. Second, it also shows she has the financial knowledge to counter that risk. If she’s holding TIPS and laddering CDs with the top rates, her money should at least keep up with inflation (although she admits it won’t grow much past that).

Even if her portfolio only manages to barely keep up with inflation and she lives another 33 years to age 95, simple math shows that she can still theoretically take out 3% a year (100% divided by 33). I don’t know exactly what “high six-figures” means, but $800,000 times 3% = $24,000 per year. There is the possibility that she might need more money than that, but there’s also the possibility that stocks perform even worse than her bonds/CD portfolio. She’s also still working and not taking withdrawals yet.

I don’t see any problem with not holding any stocks in this specific situation. Rosalind Warren has a steady job she intends to keep working at, the ability to defer Social Security until age 70 (maxing out her lifetime inflation-linked benefit), no debt, a paid-off house, and another $20,000 to $30,000 a year she can withdraw in the future. Equally important, not having to pay attention to market fluctuations gives her peace of mind. What do you think?

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Groupon: Free 60-Day Kindle Unlimited Membership w/ Finance Book List

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

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Groupon is offering a Free 60-Day membership to Kindle Unlimited. You must not have had been a KU subscriber within the last 12 months. A Kindle Unlimited (KU) subscription usually costs $9.99 a month and includes free access to a special library of over 1 million eBooks, thousands of audiobook narrations, and current issues of various magazines. As with Netflix, when the membership ends, your ability to read the books end as well.

After making the purchase, you must “view” the voucher and redeem the unique code here. Note that you must link a credit card and they will charge you $9.99 a month after the initial 60 days by default. To prevent this, you can visit here and cancel the auto-renewal. It will says something like “Your benefits will continue until January 6, 2018, after which your card will not be charged and your membership will end.”

What books are included? You can view all Kindle Unlimited books here. You can search Kindle Unlimited titles here after clicking the “Kindle Unlimited Eligible” box on the top-left. There are is a mix of a few bestsellers, some older classics, and a lot of independently-published titles of varying quality. Here are some finance-related titles that caught my eye:

Kindle Unlimited authors get paid per page that is read. Therefore, your reading can support their efforts.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Vanguard Interactive Ad: $1 Million Is Closer Than You Think

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

vg_1mil

Vanguard has a new full-page interactive ad in the NY Times online with the heading $1 Million Is Closer Than You Think. This is one of those expensive ads that I feel ambivalent about as a investor-owner of Vanguard. I’d rather they rely on word-of-mouth (like from yours truly) and focus more on the customer experience. Will the slick design attract new money and lower expense ratios? At least it promotes the types of things that I support:

  • Save more. Increase your regular contributions. Track your overall saving rate.
  • Keep costs low. Watch your management fees and other costs affecting your portfolio.
  • Stay the course. Don’t react to the market and chase what’s hot.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Which Index Fund Companies Are Most Aligned With Individual Investors?

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

mstarlogoYou’ve decided that low-cost index funds are the way to go. Which index fund company do you pick? Morningstar has a new research paper titled Partnering With Passive Fund Sponsors That Have Your Back:

Successful investing hinges on putting yourself in the best position to maximize favorable outcomes. Beyond selecting a fund that tracks a well-constructed index and charges a low fee, choosing a fund sponsor that aligns its interests with its fundholders’ increases the odds of a positive investor outcome. Our research found that purveyors of passive funds that align their incentives with those of their fundholders have generated better category-relative risk-adjusted performance on average than funds from firms that seem to prioritize their own interests over investors’.

Here are the characteristics that they felt showed “alignment”:

  • Charging low expense ratios
  • Sharing a greater portion of generated securities-lending revenue
  • Maintaining a disciplined approach to product development
  • Investing in portfolio management infrastructure

After finishing the entire paper, my primary takeaway is that most of the big companies are doing a pretty good job. Vanguard, Fidelity, and Schwab are probably the most aligned. DFA is good in many areas but they do charge higher expense ratios for their factor-tilted passive funds (though past performance has also been higher). Blackrock has some good characteristics but also does a few questionable things like creating a cheap version of a successful ETF, which still charging as much as they can on the old ETF.

Index tracking quality. Here’s a chart of how well each firm tracked their underlying indexes over the past 5 years. Tracking errors are now very low across the board.

mstar_track

For the most part, competition is working and industry practices are converging. The paper notes that State Street has historically been the worst at lowering expense ratios over the last 10 years. The next thing I see? State Street announces their new suite of low-cost SPDR Portfolio ETFs.

TIAA is NOT a non-profit. The Morningstar paper states that TIAA is a nonprofit. However, according to this recent NY Times article, TIAA stopped being a non-profit in 1997 and has been accused of touting its “nonprofit heritage” while pushing higher-cost investment products:

Even though TIAA stopped being a nonprofit organization in 1997, many of its customers might think it remains one. The company’s website ends in a .org rather than a .com and TIAA repeatedly refers to its “nonprofit heritage.”

Most of TIAA is for-profit. Teachers Advisors, for example, is an investment advisory firm that receives compensation from each in-house mutual fund it manages. Nuveen, a mutual fund company purchased by TIAA in 2014, is also run on a for-profit basis. So is EverBank, a Florida banking institution TIAA acquired in June.

Bottom line. Morningstar did not provide final rankings, but my interpretation of Morningstar data is that these firms show the most investor-aligned practices: Vanguard, Fidelity, and Schwab. Based on my own observations, I would be most comfortable having my money held with these firms as well. DFA and Blackrock are not that far behind.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Amazon Assistant Browser Extension: $5 off $25 Promotion (Back Again For Some)

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

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Promo is back, supposedly for new customers but may work if you uninstalled it previously. I was just able to do again myself for another easy five bucks. Amazon Assistant is a browser extension for most popular web browsers. I usually don’t like these “helpers” as they slow down my computer and track my every movement even more than usual, but Amazon is offering a $5 off $25 coupon for new users. You can always un-install or disable it after you use up the coupon. Here’s how to get the promotion applied to your account:

  • Install the Amazon Assistant browser plugin. (Here is an alternate link if that first one doesn’t work.) When complete, you should see a little Amazon Assistant “a” icon on your top right of your browser.
  • Make sure you are signed into your Amazon account. Click on the Amazon Assistant “a” icon on the top right, and scroll through the introductory tutorial.
  • Click on the “Redeem offer now” button to apply the credit to your account.

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Add items to your cart initiated within the plugin (do a search for what you want). During checkout, look for $5 off your next $25 purchase. Your cart must contain physical goods sold by Amazon.com. Here is a link to all the promo details.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Morningstar Top 529 College Savings Plan Rankings 2017

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

mstarlogoInvestment research firm Morningstar has released their annual 529 College Savings Plans Research Paper and Industry Survey. While the full survey appears restricted to paid premium members, they did release their top-rated plans for 2017. This is still useful as while there are currently over 60 different 529 plan options nationwide, the majority are mediocre and can quickly be dismissed.

Here are the Gold-rated plans for 2017 (no particular order). Morningstar uses a Gold, Silver, or Bronze rating scale for the top plans and Neutral or Negative for the rest.

The Bright Start College Savings Plan from Illinois was upgraded to Gold this year due to a manager change and thus an entire new set of investment options and age-based tracks. The new plan is cheaper and removed a $10 maintenance fee. The other 3 plans were Gold last year as well.

Here are the consistently top-rated plans from 2011-2017. This means they were rated either Gold or Silver (or equivalent) for every year the rankings were done from 2011 through 2017. No particular order.

  • T. Rowe Price College Savings Plan, Alaska
  • Maryland College Investment Plan
  • Vanguard 529 College Savings Plan, Nevada
  • CollegeAdvantage 529 Savings Plan, Ohio
  • CollegeAmerica Plan, Virginia (Advisor-sold)
  • Utah Educational Savings Plan

The “Five P” criteria.

  • People. Who’s behind the plans? Who are the investment consultants picking the underlying investments? Who are the mutual fund managers?
  • Process. Are the asset-allocation glide paths and funds chosen for the age-based options based on solid research? Whether active or passive, how is it implemented?
  • Parent. How is the quality of the program manager (often an asset-management company or board of trustees which has a main role in the investment choices and pricing)? Also refers to state officials and their policies.
  • Performance. Has the plan delivered strong risk-adjusted performance, both during the recent volatility and in the long-term? Is it judged likely to continue?
  • Price. Includes factors like asset-weighted expense ratios and in-state tax benefits.

State-specific tax benefits. Remember to first consider your state-specific tax benefits that may outweigh other factors. If you don’t have anything compelling available, you can open a 529 plan from any state (I would pick from the ones listed above). Also, if you like an in-state plan now but your situation changes, you can roll over your funds into another 529 from any state.

My picks. Overall, the plans are getting better and most Gold/Silver picks are solid. If your state doesn’t offer an significant local perks, I narrow things down and recommend these two plans to my friends and family:

  • Nevada 529 Plan has low costs, solid automated glide paths, a variety of Vanguard investment options, and long-term commitment to consistently lowering costs as their assets grow. This is only plan that Vanguard puts their name on, and you can manage it within your Vanguard.com account. This is the keep-it-simple option.
  • Utah 529 plan has low costs, investments from Vanguard and DFA, and has highly-customizable glide paths. Over the last few years, the Utah plan has also shown a history of passing on future cost savings to clients. This is the option for folks that enjoy DIY asset allocation.

I feel that a consistent history of consumer-first practices is most important. Sure, you can move your funds if needed, but wouldn’t you rather watch your current plan just keep getting better every year?

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


All-Clad VIP Factory Seconds Sale: Next One 11/6-11/8

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

allcladvipAll-Clad cookware is known to be very high quality, but also quite expensive. If you cook regularly, you can justify the high price with the fact that the stainless steel pots and pans will essentially last forever. (I would skip the non-stick stuff, even anodized won’t last forever.)

HomeandCooksales.com is how All-Clad unloads their products with slight cosmetic blemishes. All sales final. However, you still get the same limited lifetime warranty as if you’d bought them at Williams-Sonoma. Really, who cares about dents and scratches when it comes to cookware?

The products which are for sale on this site are FACTORY SECONDS. They have minor cosmetic scratches and/or dents. There are no defects which will affect the cookware’s performance. For this event, all sales are final, no returns will be accepted.

The next big sale is 11/6-11/8 but you can see some items available now with the passcode ACVIPNOV17. To get future passcodes and reminders, send an e-mail to allcladvipfactorysale@groupeseb.com to get on their mailing list.

I would still compare prices before purchasing. Amazon has been known to make price drops in response to these sales, and those items are not factory seconds (and also accept returns). You can also get 5% back at Amazon with an Amazon Prime credit card or Discover It card this quarter.

I’ve been slowly accumulating my “permanent cooking portfolio” of All-Clad pots/pans and Le Creuset/Staub dutch ovens. I recommend buying some Bar Keepers Friend as it helps wash off the stuck bits on stainless steel. Also good on bath tubs, kitchen sinks, and stove tops.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Tulip Fever Movie: Love and Economic Bubbles

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

tulipIf you’ve read enough investing books, you know about the “Dutch Tulip Mania” of the 1600s (Wikipedia) and how it was considered one of the first documented economic bubbles. At one point, 12 acres of land were exchanged for a single tulip bulb.

I was catching up on my Bloomberg magazines and saw this: Finance Geeks Will Love This New Movie About the Tulip Bubble. The official trailer would indicate it’s mostly a romantic drama, but the article suggests that it weaves in the tulip mania, the “nature of money”, and what “love and money have in common”:

The critic reviews weren’t that great, so perhaps it will end up on Amazon Prime Video or Netflix soon enough.

I believe I first read about tulip mania in the Burton Malkiel classic A Random Walk down Wall Street as an example of the Greater Fool Theory, where you buy something for a high price not due to its intrinsic value, but solely because you think someone else will buy it from you for an even higher price. (Does this apply to iPhone X pre-orders?)

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.