Does anyone actually recognize that we just had a leap day? February 29 anyone? Whatever, call it March 0.
Let’s lead by recalling the post I snuck out for you readers on last Friday, “More Personal Personal Finance”. In that article I laid out my (PK) answers to a series posed by our friends at Make Love, Not Debt. So far, I’ve enticed 3 victims to answer:
We were also honored to be featured in the Totally Money Blog Awards for February! Surf on over there and check out all the winners, but of course Crowd Pleasers and Ones To Watch – where you’ll find us. We’re glad we’ve pleased you; keep watching…
Carnivals and Featured Links
Links We Liked!
- I can’t get enough of the (relatively new) blog, “I Am One Percent”. Check out the best decisions made by a one percenter!
- The Financial God discusses the cost of increased surveillance in Canada. As I pointed out, similar experiments in London don’t appear to be helping…
- The Novel Investor had a novel post on the increased conservatism in American portfolios. I am roughly 100% in equities (not all of my retirement accounts are self-directed), so if the fear reverses I’m going to ride the wave…
- Remember all the talking we did about SOPA and PIPA? Read about the recently defeated Research Works Act.
- Corey at Passive Income to Retire posted an interested (and, in my opinion, true) article about how owning blogs is more lucrative than staff writing. Of course, since some of our posts here take close to ten hours to complete, staff posting would be less than minimum wage, haha.
- JT at Money Mamba posted a nice piece on buyouts. I couldn’t help being sarcastic in the comments section!
- Nelson at Financial Uproar finds his way to this post pretty much every week, and this week is no different. Frugality vs. Cheapness at My University Money.
- To all you budding entrepreneurs, from Ninja at PDITF: it costs money to make money… I can tell you that even a moderately sized enterprise like DQYDJ costs $500 a year to run (not to mention hours…). Before you launch something be realistic about what sort of costs you will see.
- Read any anti-tax return articles lately? Yes? Len Penzo isn’t ashamed to be part of the tax return crowd! (So am I – c’mon, I got married and we bought a house, and Mrs. DQYDJ had a lot more charitable donations than me. It was bound to happen!). Left unsaid: you’re missing out on junk returns anyway. Be happy about that principal protection in 2011!
- Ironman at Political Calculation has the lowdown on the correlation between layoffs and gas prices. Very interesting stuff!
- Suba at Wealth Informatics has the beginner’s guide to negotiating covered! Go check it out.
Rant of the Week!
I don’t even feel like ranting, just celebrating the bull:
You’re looking at the charts for Yelp!, which just IPO’d yesterday. It was priced at $15, so a close at $24.52 values the firm at $1.47 Billion. Since its inception, it has made negative forty one million dollars in profit.
I didn’t get involved in this IPO, and I won’t be touching Facebook either, but feel free to keep sending money to the Bay Area. We need it to surpass Washington D.C. again in income! What was that catchy two word phrase which perfectly captured the mood of the last bubble? “Irrational exuberance“? Bring it on!