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Economy of You Book Review: Stories About Starting Your Own Microbusiness

Microbusiness. Nanobusiness. Solopreneur. These new terms were created to describe the one-person businesses which Kim Palmer profiles in the new book The Economy of You: Discover Your Inner Entrepreneur and Recession-Proof Your Life. Some people … [Read the rest]

TradeKing $50 Referral Bonus 2014 + Transfer Fee Rebate

Updated.  If you are looking to open a new TradeKing stock brokerage account, don't forget to grab both a $50 opening bonus and a $150 transfer fee reimbursement if moving money from another broker. TradeKing offers $4.95 trades with no … [Read the rest]

Prosper P2P Loans Class Action Settlement

P2P lender Prosper.com was sued because the defendants "allegedly violated securities laws due to Prosper’s selling securities without qualifying or registering them and acting as an unlicensed broker-dealer" (they later registered with the SEC). I … [Read the rest]

Economic Mobility Studies: Will You Be Better Off Than Your Parents?

The idea that you wanted to do better than your parents was a strong one in my family and community. Two major studies on economic mobility were recently released, with the following findings: Children growing up in America today have the same … [Read the rest]

USPS Price Increase Effective January 26, 2014

Here's a quick reminder that the US Postal Service is increasing the price of a First Class stamp from 46 cents to 49 cents on January 26, 2014. I wouldn't buy Forever stamps as an "investment", but if you plan on using a lot of stamps in the next … [Read the rest]

1994-2013 Callan Periodic Table of Investment Returns

Reader Ben shared this in the comments, and I think it deserves a separate mention. Every year, investment consultant firm Callan Associates updates a neat visual representation of the relative performance of 8 major asset classes over the last 20 … [Read the rest]

Estimate Your Portfolio Personal Rate of Return – Calculator

Updated and revised for 2014. Some of you may be wondering how well your specific portfolio performed last year (or over any specific period of time). Let's say you started the year with $10,000 and put in another $5,000 through 10 different … [Read the rest]

Another Reason Why Vanguard Target Retirement Funds Are Underrated

Index funds are growing increasingly popular. Yet Carl Richards tweets that over the last 15 years, the actual investor return for the popular Vanguard S&P 500 index fund (VFINX) lags nearly 2% a year behind the fund's official return. That works … [Read the rest]

Omnivore’s Dilemma: Economics of Farming and Why Food Marketing Is Everywhere

I'd like to make a habit of reading a book every other week in 2014. My first book is The Omnivore's Dilemma: A Natural History of Four Meals by Michael Pollan. This 2006 NYT bestseller has already been well-discussed, but I saw it at my library's … [Read the rest]

Stock-Picking Mutual Funds Still Lacking in Persistence

It is very tempting to invest in an actively-managed mutual fund that advertises above-average historical returns. Why would you bother investing in the ones with below-average returns? However, there’s something behind the whole “past performance … [Read the rest]

Target Offers Free Credit Monitoring & Identity Theft Protection

After losing their customers' credit card numbers and other personal data, Target is offering free credit monitoring services at creditmonitoring.target.com to anyone who shopped at their US stores. (Supposedly the data breach "only" affected the … [Read the rest]

ETF vs. Mutual Funds: Tax Efficiency, Capital Gains, and Index Funds

2013 was a great year for US stocks, and that also means that many mutual funds distributed (taxable) capital gains to their shareholders. ETFs are hot right now and there are many articles like this one which tout the tax-efficiency aspect of ETFs … [Read the rest]