From Money Talk News
The 10 Commandments of Personal Finance
"Maybe you heard about that Kelton study from 2007 that found Americans were more familiar with the contents of a Big Mac than they were the Ten Commandments.
It’s true, folks. Eighty percent of Americans knew there are two all-beef patties in a Big Mac — but just 6 in 10 could identify “Thou shalt not kill” as one of the Ten Commandments. I know."
From Money Talk News
Why Your Retirement Won’t Be Like Your Parents’ — and What You Can Do About It
"When retirement rolled around for my parents, they had it licked.
My father, a World War II and Air Force Reserve veteran, got a small monthly military retirement check, along with a pension from his career with the federal government. My mother was a retired teacher with a state pension and Social Security."
From the Washington Post
"Think managing your finances has to be complicated? Wonkblog contributor (and UC Chicago social scientist) Harold Pollack doesn't. After a talk with personal finance expert Helaine Olen, Pollack managed to write down pretty much everything you need to know on a 4x6 index card. And it would probably fit on a 3x5 index card if you really crammed (that last point, for instance, is probably not strictly necessary for managing your money). He explains:"
From The Cash Money Life
Nervous About Stocks? Here’s What You Can Do About It
"This is something of a tense time if you’re a stock market investor. After hitting record levels this past spring, the market is now languishing just below peak, and has been for months. Meanwhile, the prospect of the Federal Reserve tapering it’s purchases of mortgage securities and federal government debt has caused interest rates to rise. For the first time in about four years, the stock market is looking… vulnerable."
From Market Watch
Portfolio killers: 6 newbie investing myths
"Even though they may not have many dollars to put away, investors who are just starting out have a fabulous opportunity: The chance to compound money for a very long time.
Perhaps even more important, they have the opportunity to create the habits and attitudes that will shape their investment returns — and thus will eventually help shape their lives as retirees."