Source: http://finance.fortune.cnn.com/2011/01/30/money-for-nothing-at-goldman/
Monday, January 31, 2011
Money for nothing at Goldman
America's favorite bankers have outdone themselves yet again. How might you compensate management for a year in which profits plunged, you spent $550 million of shareholder money to settle a fraud investigation and your stock ended up more or less exactly where it started (see chart, right)? You might be tempted to nix raises or [...]
Nastiest CEO lashes out at Goldman
It is hard to know who to root for in this one. Overstock.com (OSTK), the struggling online retailer headed by America's nastiest CEO, has upped the stakes in a long-running legal battle with two of America's�least-beloved bailout recipients, Goldman Sachs (GS) and the Merrill Lynch unit of Bank of America (BAC). Overstock said it made [...]
Source: http://finance.fortune.cnn.com/2011/01/28/nastiest-ceo-lashes-out-at-goldman/
Slideshow: Super Bowl Tickets Through The Years
There was a time when you could have bought a Super Bowl ticket for just $20. Granted, we're talking about the 1970s. But even in 2010 dollars, $20 in 1976 would equal $76.65. Talk about inflation! In this slideshow, we look at Super Bowl tickets -- and their prices -- through the years.
EGOS 2011 stream: THE DUBIOUS ROLE OF NUMBERS IN ORGANIZATIONS
The following EGOS stream may also be of interest to SSF people. Have a good break, Yuval THE DUBIOUS ROLE OF NUMBERS IN ORGANIZATIONS Sub?stream #39, EGOS 2011 Colloquium, Gothenburg Conveners:Christian Huber, Helmut?Schmidt?University, Hamburg, Germany (huber@hsu?hh.de)Martin Messner, HEC Paris, France (messner@hec.fr)Tobias Scheytt, Helmut?Schmidt?University, Hamburg, Germany (Scheytt@hsu?hh.de) Numbers are ubiquitous phenomena in organizations. Whether we look [...]
0% Auto Financing Is An Effective New Car Marketing Tool
One of the strongest marketing tools used in new car sales today is 0% auto financing. Consumers have learned correctly that a major part of the cost of a car purchase is the financing cost. In a typical new car costing $20,000 to $30,000, a 0 percentage car loan can equate to a savings of [...]
Financial Crisis Awards
Now that Oscars season is upon us (and now that chief risk officers finally have their day in the Hollywood spotlight, thanks to ERM guru Demi Moore), it?s time to unveil the award nominees for the 2011 Financial Crisis Inquiry Commission Report.
The report, released this week, is a doozy: lengthy, detailed, contentious (commissioners who [...]
The report, released this week, is a doozy: lengthy, detailed, contentious (commissioners who [...]
Source: http://bigfatfinanceblog.com/2011/01/28/financial-crisis-awards/
Black-Scholes Not Always the Best Option
If your firm has gotten used to using the Black-Scholes Options Price Model (BSOPM) when valuing options and other derivatives, you may want to re-think your practice. The reason? The BSOPM may not be entirely accurate when pricing derivatives that are other than ?plain vanilla,? says Anthony Alfonso, president of BDO Valuation Advisors in Los [...]
Source: http://bigfatfinanceblog.com/2011/01/31/black-scholes-not-always-the-best-option/
Renters Insurance: A Wise Consideration
Many people do not have renters insurance because they either do not know it is available or they feel it is not needed because they do not own the property or dwelling in they reside. Yet, owning renters insurance can be a godsend in the event of any number of hazards. Those who live in apartment complexes have no control over how their neighbors or other tenants live.
Source: http://www.financetips101.com/renters-insurance-a-wise-consideration.php
The President Agrees: Stop Doing Dumb Stuff (I)
I noticed that President Obama?s poll standings have rebounded as he focuses more on the economy. Earlier this week, The Wall Street Journal published an op-ed column that the President authored in which he called for a review of all government rules and regulations to ?root out regulations that conflict, that are not worth the [...]
Source: http://bigfatfinanceblog.com/2011/01/25/the-president-agrees-stop-doing-dumb-stuff-i/
Should You Sell Your Apple Stock?
Last Monday, Apple Inc. (AAPL) announced that its chairman and CEO, Steve Jobs, would be taking another leave of absence from the company after receiving a liver transplant only a year and a half ago. The exact nature of Jobs? illness is unknown, but it can be assumed to be serious, and we all wish him well in recovering his health. But what about holding on to Apple Inc. in our stock portfolios?
Snowed In: The Blizzard Economy
Yet another official weather emergency is in force in New York City this winter as inch after inch of snow piles up on city streets and parks: the second snowstorm of 2011, and the year's barely even started. In this infographic, we give you the highlights of the economic impact of recent snowstorms on economies and businesses.
Does Commodity Inflation Matter?
Over the last few years, the US has worried about the perils of deflation (not inflation).� In fact, one of the goals of QE2 is to increase inflation expectations.� During this time, our inflation rate has been very low.� We tend to focus on ?core? inflation ? excluding food and energy. Even though we?ve had [...]
Source: http://leedsonfinance.com/2011/01/17/does-commodity-inflation-matter/
Financial Crisis Awards
Now that Oscars season is upon us (and now that chief risk officers finally have their day in the Hollywood spotlight, thanks to ERM guru Demi Moore), it?s time to unveil the award nominees for the 2011 Financial Crisis Inquiry Commission Report.
The report, released this week, is a doozy: lengthy, detailed, contentious (commissioners who [...]
The report, released this week, is a doozy: lengthy, detailed, contentious (commissioners who [...]
Source: http://bigfatfinanceblog.com/2011/01/28/financial-crisis-awards/
Don?t Get Rich Any Slower Than You Have To
This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool?s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. This is one of those boring articles about investing that is actually very important. [...]
Source: http://www.getrichslowly.org/blog/2011/01/12/don%e2%80%99t-get-rich-any-slower-than-you-have-to/
Is The Unemployment Rate Really 9.4%?
First, a public service announcement?if you are either a UT alumni or a currently enrolled UT student, I am doing a FREE webinar on Tuesday at noon CST.� The topic is ?Thoughts From an Extreme Moderate.?� I will discuss some of the current financial issues as well as the extremism that we see in US [...]
Source: http://leedsonfinance.com/2011/01/09/is-the-unemployment-rate-really-9-4/
Snowed In: The Blizzard Economy
Yet another official weather emergency is in force in New York City this winter as inch after inch of snow piles up on city streets and parks: the second snowstorm of 2011, and the year's barely even started. In this infographic, we give you the highlights of the economic impact of recent snowstorms on economies and businesses.
Blogging: A Demanding Task with Few Rewards?
Note: I try not to blog about blogging at Get Rich Slowly. Though some of you are interested in the subject, most of you are not. Today’s article is a one-time deal. Last week, a reader named Matt sent me an article from Chicago Business about how bloggers are quitting what they call a demanding [...]
Source: http://www.getrichslowly.org/blog/2011/01/22/blogging-a-demanding-task-with-few-rewards/
Loans to Meet Specific Purposes
A loan is a debt instrument that involves the transfer of money or material assets between two parties known as the lender and the borrower. The lender charges a fixed or fluctuating rate of interest on the amount borrowed referred to as the principal. The repayment structure and the amount of the installment will be [...]
Source: http://www.APersonalFinanceGuide.com/blackhorse-finance/loans-to-meet-specific-purposes/
Reader Story: Coping with My Inheritance
This guest post from Susannah is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. I grew up in [...]
Source: http://www.getrichslowly.org/blog/2011/01/16/reader-story-coping-with-my-inheritance/
Contemplating a breakup of the euro zone
With all the troubles developing around parts of debt-ridden Europe, could it possibly get worse? Some are actually thinking the unthinkable: A breakup of the 17-member euro zone. The European Union just celebrated its twelfth birthday, and it's clearly hit its awkward phase. Though the value of the euro has strengthened some against the US [...]
Source: http://finance.fortune.cnn.com/2011/01/26/contemplating-a-break-up-of-the-euro-zone/
Should You Sell Your Apple Stock?
Last Monday, Apple Inc. (AAPL) announced that its chairman and CEO, Steve Jobs, would be taking another leave of absence from the company after receiving a liver transplant only a year and a half ago. The exact nature of Jobs? illness is unknown, but it can be assumed to be serious, and we all wish him well in recovering his health. But what about holding on to Apple Inc. in our stock portfolios?
Merrill pays $10 million in SEC case
Maybe Mother Merrill was a little too sweet for her own good. Merrill Lynch, the brokerage firm long known for looking out for its own,�on Tuesday paid $10 million to settle charges it fleeced customers to pad its own trading account. The brokerage firm consented to a Securities and Exchange Commission censure over the actions [...]
Source: http://finance.fortune.cnn.com/2011/01/25/merrill-pays-10-million-in-frontrunning-case/
Debt Settlement May Help
Most debt settlement companies promise to get your creditor to reduce your debt by at least 50 percent. Check out the company before signing on, as there are fraudulent companies around. Remember that there is a charge for this service.
Source: http://www.financetips101.com/debt-settlement-may-help.php
Sunday, January 30, 2011
Credit Card Settlement Is It For You
Uncontrolled credit card debt has forced many consumers to opt for credit card settlement as a means of breaking free from the stranglehold of debt.� Faced with stark reality of spiraling card payments, many are looking for a less painful way out as they realize that it might take as much as 10 to 15 [...]
Source: http://www.financetips101.com/credit-card-settlement-is-it-for-you.php
Facebook investor: I wouldn't take LinkedIn public now
LinkedIn is going public too soon, according to an early investor in rival social network Facebook. Jim Breyer, a venture capitalist with Accel Partners and a Facebook board member, told Bloomberg TV that LinkedIn will be a "long-term very successful company," but that yesterday's $175 million IPO filing came too soon. "I like to wait [...]
Source: http://finance.fortune.cnn.com/2011/01/28/facebook-investor-i-wouldnt-take-linkedin-public-now/
Ask the Readers: Should We Move to a More Expensive Part of the Country?
The Friday “Ask the Readers” column generally follows a set format: I introduce the topic, share a reader e-mail, give my best advice, and then ask for your feedback. Today’s column is a little different. Jennifer sent me a 1000-word question, and rather than write any sort of response, I’m just going to let her [...]
Exclusive: Elevation's Bodnick is headed to Quora
Marc Bodnick is stepping down as a co-founding partner of private equity firm Elevation Partners, in order to join social question-and-answer site Quora, according to multiple sources familiar with the situation. He would be the second Elevation co-founder to leave, following�John Riccitiello's departure in 2007 to become CEO of Electronic Arts. We originally heard that [...]
Source: http://finance.fortune.cnn.com/2011/01/26/exclusive-elevations-bodnick-is-headed-to-quora/
Vacation Travel On A Budget
Have you ever stopped to wonder why tourist traps exist? It?s because tourists are known for wasting money. You can be an exception to the rule; you can travel on a budget.
Source: http://www.financetips101.com/vacation-travel-on-a-budget.php
What?s a Credit Score? An Intro to Credit Reports and Credit Scores
This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com. A good friend of mine recently asked me what a credit report is and how he could get his hands on his. My friend has a PhD. He’s a smart guy, and [...]
If Nielsen prices IPO, who's next?
Nielsen Holdings is expected to go public tomorrow, less than five years after being acquired by six private equity firms for approximately $10 billion.�The TV and consumer measurement company hopes to raise more than $1.5 billion, and the entire private equity market hopes that a successful showing could kick open the doors to other debt-laden [...]
Source: http://finance.fortune.cnn.com/2011/01/25/if-nielsen-prices-ipo-whos-next/
If Nielsen prices IPO, who's next?
Nielsen Holdings is expected to go public tomorrow, less than five years after being acquired by six private equity firms for approximately $10 billion.�The TV and consumer measurement company hopes to raise more than $1.5 billion, and the entire private equity market hopes that a successful showing could kick open the doors to other debt-laden [...]
Source: http://finance.fortune.cnn.com/2011/01/25/if-nielsen-prices-ipo-whos-next/
Money Market Funds and Floating Net Asset Values
Don’t go there, CFOs and treasurers say.
In October 2010, the President?s Working Group on Financial Markets released a report, ?Money Market Fund Reform Options.? The report outlined potential reforms that could prevent future recurrences of the events that played a significant role in the financial crisis starting in September, 2008 ? that is, the failure [...]
In October 2010, the President?s Working Group on Financial Markets released a report, ?Money Market Fund Reform Options.? The report outlined potential reforms that could prevent future recurrences of the events that played a significant role in the financial crisis starting in September, 2008 ? that is, the failure [...]
Source: http://bigfatfinanceblog.com/2011/01/25/money-market-funds-and-floating-net-asset-values/
Getting a bad credit personal loan with no bank account
Anybody who has ever tried to apply for a personal loan has probably been told that they will need to open a bank account in order to qualify. This is even truer if you have a bad credit score and need a personal loan.
If you are wondering, “Can I get a bad credit personal loan [...]
If you are wondering, “Can I get a bad credit personal loan [...]
Source: http://www.financenewspro.com/getting-a-bad-credit-personal-loan-with-no-bank-account/
High Frequency Trading and market sociality: ?it?s really machines all the way down??
Following up on Daniel’s point on HFT missing from mythical accounts of Wall St, and continuing thoughts from an earlier post on the May 2010 stock market plunge: here is an interesting commentary from Ars Technica on High Frequency Trading and the crash. Bringing a Computer Science perspective, the article considers HFT as a case [...]
The Best of Get Rich Slowly: January 2011
I’m swamped! Kris and I leave for our African safari in just over a week. We’re mostly packed, have housesitting arranged (it’s almost like we should just have a permanent room-mate with as much as we’re gone), and have been experiencing only minor side effects from our anti-malarial drug. We’re basically ready to go — [...]
Source: http://www.getrichslowly.org/blog/2011/01/29/the-best-of-get-rich-slowly-january-2011/
GRS Housekeeping: Comments, Follow-Ups, and Tweetchats
It’s a busy week for me. I’ve been writing and editing like mad, trying to prepare for my upcoming trip to South Africa. Things are going well, but there’s still lots more work to do. In the meantime, I realized there are a handful of housekeeping points I need to mention: I’ve changed how I’m [...]
Source: http://www.getrichslowly.org/blog/2011/01/19/grs-housekeeping-comments-follow-ups-and-tweetchats/
Private Clouds on the Horizon
Cloud computing offers a number of benefits. It provides, for example, the ability to tap IT capabilities as flexible services that can be changed as quickly as the business changes.
Private clouds provide many of the benefits of cloud computing but are deployed behind the corporate firewall. They eliminate security concerns around public clouds and [...]
Private clouds provide many of the benefits of cloud computing but are deployed behind the corporate firewall. They eliminate security concerns around public clouds and [...]
Source: http://bigfatfinanceblog.com/2011/01/27/private-clouds-on-the-horizon/
Japan downgrade: The beginning of the end?
What a downgrade of Japanese debt by S&P could mean for the country's future and for the rest of the world. The timing of the downgrade of Japan's sovereign bonds by Standard & Poor's on Thursday came as a bit of a surprise to some. After all, Japanese government bond yields have been relatively stable [...]
Source: http://finance.fortune.cnn.com/2011/01/27/japan-downgrade-the-beginning-of-the-end/
Update on the Blank Swan
A quick update to highlight the paper Elie Ayache just kindly pointed to in comments to a recent plug: “The End of Probability”. Thanks Elie! BTW: More philosophy for “after the market” (in French) at Elie Ayache’s Apr�s le march�.
Source: http://socfinance.wordpress.com/2010/11/04/update-on-the-blank-swan/
Shifting from Risk Management to Risk Mindfulness
Viewpoints on the practice of risk management have changed dramatically over the past several years. The financial crisis of 2008 as well as other high-profile catastrophes like the Gulf Oil Spill have forced companies and boards to re-examine how they are addressing potential risks to their businesses. However, approaches to bolstering risk management practices are [...]
Source: http://bigfatfinanceblog.com/2011/01/27/shifting-from-risk-management-to-risk-mindfulness/
Reader Story: How Our Simple, No-Category, Mostly-Cash Budget Accidentally Paid Off the Car
This guest post from Heather is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Besides teaching elementary band [...]
Bankruptcy Court for States?
Recently, there?s been talk about changing the law to allow states to file for bankruptcy.� Under current law, cities and towns are able to file for bankruptcy, but states can?t. There have been three recent times when this issue was mentioned: 1.���� Newt Gingrich delivered a speech in November in which he said, ?I also [...]
Source: http://leedsonfinance.com/2011/01/23/bankruptcy-court-for-states/
Reader Story: How Moving to a Developing Nation Improved Our Financial Situation
This guest post from Craig Ford is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Craig writes two [...]
All Value is Perceived Value
This post is from staff writer April Dykman. A lot of folks hate advertising, and it’s hard to blame them. But in a 2009 TED talk, ad man Rory Sutherland argues that what advertising creates — perceived value — doesn’t deserve its bad reputation. If you want to live in a world with less Stuff, [...]
Source: http://www.getrichslowly.org/blog/2011/01/13/all-value-is-perceived-value/
Does Commodity Inflation Matter?
Over the last few years, the US has worried about the perils of deflation (not inflation).� In fact, one of the goals of QE2 is to increase inflation expectations.� During this time, our inflation rate has been very low.� We tend to focus on ?core? inflation ? excluding food and energy. Even though we?ve had [...]
Source: http://leedsonfinance.com/2011/01/17/does-commodity-inflation-matter/
How to Lend Money to Friends (Without Ruining the Relationship)
This post is from staff writer April Dykman. Lending money to friends and family is a generous act — one that could easily backfire and even ruin your relationship. Most of the time when someone is considering a loan to a family member, I think, “Don’t do it.” There can be other ways to help. [...]
Debt Settlement May Help
Most debt settlement companies promise to get your creditor to reduce your debt by at least 50 percent. Check out the company before signing on, as there are fraudulent companies around. Remember that there is a charge for this service.
Source: http://www.financetips101.com/debt-settlement-may-help.php
Saturday, January 29, 2011
Private equity IPOs are rarely 'quick exits'
Big story about private equity-backed IPOs on C1 of today's WSJ, with new issues like Nielsen and Demand Media expected to price this week. Here's the lead: "What private-equity honchos once received from initial public offerings: instant cash, heady gains and quick exits from their investments. What they likely will get from a coming surge [...]
Source: http://finance.fortune.cnn.com/2011/01/25/private-equity-ipos-are-rarely-quick-exits/
Drama in Real Life: When Emergencies Pile Up
This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com. Last week, I mentioned that my cat just died. Not only was his passing heartbreaking, it was expensive. But as I said in that post, I was very happy to be able [...]
Source: http://www.getrichslowly.org/blog/2011/01/06/drama-in-real-life-when-emergencies-pile-up/
Old Habits for a New Year
When I was younger, I didn’t track my spending. I kept a checkbook register, but that was out of necessity; I constantly flirted with a zero balance, and I had to know precisely how much was left in the bank so I wouldn’t overdraw my account. (I wasn’t so good at that game, actually; I [...]
Source: http://www.getrichslowly.org/blog/2011/01/07/old-habits-for-a-new-year/
Blogging: A Demanding Task with Few Rewards?
Note: I try not to blog about blogging at Get Rich Slowly. Though some of you are interested in the subject, most of you are not. Today’s article is a one-time deal. Last week, a reader named Matt sent me an article from Chicago Business about how bloggers are quitting what they call a demanding [...]
Source: http://www.getrichslowly.org/blog/2011/01/22/blogging-a-demanding-task-with-few-rewards/
Cheap Solutions: Closet Organization
This post is from staff writer April Dykman. An organized closet is a practical thing to have. It saves you time in the morning, since you don’t have to dig through a sea of shoes for a sole mate. It can save you money, as well. I know I’m guilty of buying something without realizing [...]
Source: http://www.getrichslowly.org/blog/2011/01/20/cheap-solutions-closet-organization/
GRS Housekeeping: Comments, Follow-Ups, and Tweetchats
It’s a busy week for me. I’ve been writing and editing like mad, trying to prepare for my upcoming trip to South Africa. Things are going well, but there’s still lots more work to do. In the meantime, I realized there are a handful of housekeeping points I need to mention: I’ve changed how I’m [...]
Source: http://www.getrichslowly.org/blog/2011/01/19/grs-housekeeping-comments-follow-ups-and-tweetchats/
Few tips before closing a credit card
There are several people who have decided that they would give up on their credit card, seeing the global recession. However putting down or closing your credit card account is not supposed to be an intelligent idea, while doing so one must be very aware of the consequences.
Why is it necessary for you to be [...]
Why is it necessary for you to be [...]
Source: http://www.financenewspro.com/few-tips-before-closing-a-credit-card/
Developing A Family Budget
The functionality of a strong budget can cure many problems inside a home. A budget can make those same old arguments you and your spouse can disappear in the blink of an eye.
Source: http://www.financetips101.com/developing-a-family-budget.php
Reader Story: How Our Simple, No-Category, Mostly-Cash Budget Accidentally Paid Off the Car
This guest post from Heather is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Besides teaching elementary band [...]
Who Qualifies For Obama?s Home Loan Modification Plan?
Obama’s home loan modification plan is officially known as the Making Home Affordable (MHA) plan. This plan is expected to reach up to 9 million families, so that they can refinance or modify their loans in the meantime they can look for jobs and hold their houses during this economic recession. Even if you think [...]
Source: http://www.financenewspro.com/who-qualifies-for-obamas-home-loan-modification-plan/
When To Walk Away From A Bad Mortgage
This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com. Since the housing bubble burst, many Americans have found their finances underwater. They’re paying on homes that are worth much less than the mortgages against them. More than a few have chosen [...]
Source: http://www.getrichslowly.org/blog/2011/01/25/when-to-walk-away-from-a-bad-mortgage/
Is The Unemployment Rate Really 9.4%?
First, a public service announcement?if you are either a UT alumni or a currently enrolled UT student, I am doing a FREE webinar on Tuesday at noon CST.� The topic is ?Thoughts From an Extreme Moderate.?� I will discuss some of the current financial issues as well as the extremism that we see in US [...]
Source: http://leedsonfinance.com/2011/01/09/is-the-unemployment-rate-really-9-4/
Two Stories About Retirement Planning
I never know where the personal-finance lessons are going to come from. Today, I heard two stories about retirement from my own family. First, my wife told me that her retirement program at work might be cut. Next, I learned that my family’s box company has had a bizarre retirement crisis of its own. Don’t [...]
Source: http://www.getrichslowly.org/blog/2011/01/11/two-stories-about-retirement-planning/
Importance Of MBA in Finance
Finance is the science of funds management. For a business to be successful, it is important to know the financial risks and rewards. Good finance management also allows a company to ensure optimum use of their investment value. Needless to say, finance is the most central and therefore most complicated area of a business. Therefore, [...]
Source: http://www.APersonalFinanceGuide.com/mba-finance-jobs/importance-of-mba-in-finance/
Banks Take a Battering
This has been one of those weeks that might make you glad you’re not a banker, or wish you weren’t if you are.
At Davos, French president Nicolas Sarkozy has re-ignited his campaign for a global tax on bank transactions and took time out to deliver a severe tongue-lashing to JPMorgan Chase CEO Jamie Dimon, who’s [...]
At Davos, French president Nicolas Sarkozy has re-ignited his campaign for a global tax on bank transactions and took time out to deliver a severe tongue-lashing to JPMorgan Chase CEO Jamie Dimon, who’s [...]
Source: http://bigfatfinanceblog.com/2011/01/28/banks-take-a-battering/
Exclusive: Elevation's Bodnick is headed to Quora
Marc Bodnick is stepping down as a co-founding partner of private equity firm Elevation Partners, in order to join social question-and-answer site Quora, according to multiple sources familiar with the situation. He would be the second Elevation co-founder to leave, following�John Riccitiello's departure in 2007 to become CEO of Electronic Arts. We originally heard that [...]
Source: http://finance.fortune.cnn.com/2011/01/26/exclusive-elevations-bodnick-is-headed-to-quora/
Facebook investor: I wouldn't take LinkedIn public now
LinkedIn is going public too soon, according to an early investor in rival social network Facebook. Jim Breyer, a venture capitalist with Accel Partners and a Facebook board member, told Bloomberg TV that LinkedIn will be a "long-term very successful company," but that yesterday's $175 million IPO filing came too soon. "I like to wait [...]
Source: http://finance.fortune.cnn.com/2011/01/28/facebook-investor-i-wouldnt-take-linkedin-public-now/
Know the pros and cons of an online home mortgage loan
Many people look on the internet and apply for an online home mortgage loan. There should be some kinds of advantages and disadvantages while applying for these kinds of online home loans as compared with a brick and mortar mortgage loan company. Before you connect to the internet and apply for the online home loan, [...]
Source: http://www.financenewspro.com/know-the-pros-and-cons-of-an-online-home-mortgage-loan/
Spare Change: The King is Dead Edition
O, happy day! The FedEx man brought me a package this morning containing The King is Dead, the new record album from The Decemberists. The Decemberists are a Portland band, and have been my favorite group for several years. I love that they put their new music out on vinyl, so that I can listen [...]
Source: http://www.getrichslowly.org/blog/2011/01/13/spare-change-the-king-is-dead-edition/
Carlyle Group makes big move, acquires ?32 billion fund manager
Private equity firm The Carlyle Group often likes to tamp down speculation over its plans to go public, but this morning it took a giant step in that direction. The Carlyle Group this morning announced an agreement to acquire AlpInvest, a private equity manager with ?32.3 billion in capital under management. No, that was not [...]
Follow-Up: Thrifting for Holiday Gifts
As I mentioned earlier this week, I get a lot of requests for follow-ups to reader stories and questions. People want to hear how things turned out. Because I want to know how things turned out, too, I’m going to start a semi-regular feature at Get Rich Slowly. Whenever I hear back from a previous [...]
Source: http://www.getrichslowly.org/blog/2011/01/21/follow-up-thrifting-for-holiday-gifts/
0% Auto Financing Is An Effective New Car Marketing Tool
One of the strongest marketing tools used in new car sales today is 0% auto financing. Consumers have learned correctly that a major part of the cost of a car purchase is the financing cost. In a typical new car costing $20,000 to $30,000, a 0 percentage car loan can equate to a savings of [...]
Loans to Meet Specific Purposes
A loan is a debt instrument that involves the transfer of money or material assets between two parties known as the lender and the borrower. The lender charges a fixed or fluctuating rate of interest on the amount borrowed referred to as the principal. The repayment structure and the amount of the installment will be [...]
Source: http://www.APersonalFinanceGuide.com/blackhorse-finance/loans-to-meet-specific-purposes/
Friday, January 28, 2011
For Restaurant Deals, Tap Your Phone Screen: 7 Apps for Frugal Foodies
If you want to get a good deal on your next dinner out, never mind the print out coupons -- just bring your phone. Restaurants have turned to a variety of social networking, coupon and geo-tagging phone apps, offering cell-toting visitors specials and free food.
Facebook investor: I wouldn't take LinkedIn public now
LinkedIn is going public too soon, according to an early investor in rival social network Facebook. Jim Breyer, a venture capitalist with Accel Partners and a Facebook board member, told Bloomberg TV that LinkedIn will be a "long-term very successful company," but that yesterday's $175 million IPO filing came too soon. "I like to wait [...]
Source: http://finance.fortune.cnn.com/2011/01/28/facebook-investor-i-wouldnt-take-linkedin-public-now/
The Most Important Factor in Retirement Savings
“Wanna see something neat?” Kris asked the other night. She was holding the year-end statement from her work-based retirement plan. “Sure,” I said. “Show me the money.” She handed the statement to me. “Look at my account balance,” she said. “Look how it’s grown. It went down a little bit in 2008, but because I [...]
Source: http://www.getrichslowly.org/blog/2011/01/24/the-most-important-factor-in-retirement-savings/
The Importance of Salary Negotiation
This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com. I have a good friend who recently graduated from MIT with a PhD in something I can’t even pronounce, let alone do. Even in this rocky economy, he has competing job offers. [...]
Source: http://www.getrichslowly.org/blog/2011/01/17/the-importance-of-salary-negotiation/
WaMu scapegoat gets a second chance
Symphony Technology Group this morning announced that it has hired Marshall Haines as a managing director. It's good to see. Haines most recently was chief operating officer with Williston Financial Group, but before that spent five years as a principal with TPG Capital --�where he arguably became the scapegoat for the worst private equity deal [...]
Source: http://finance.fortune.cnn.com/2011/01/28/wamu-scapegoat-gets-a-second-chance/
Blogging: A Demanding Task with Few Rewards?
Note: I try not to blog about blogging at Get Rich Slowly. Though some of you are interested in the subject, most of you are not. Today’s article is a one-time deal. Last week, a reader named Matt sent me an article from Chicago Business about how bloggers are quitting what they call a demanding [...]
Source: http://www.getrichslowly.org/blog/2011/01/22/blogging-a-demanding-task-with-few-rewards/
Ask the Readers: Should We Move to a More Expensive Part of the Country?
The Friday “Ask the Readers” column generally follows a set format: I introduce the topic, share a reader e-mail, give my best advice, and then ask for your feedback. Today’s column is a little different. Jennifer sent me a 1000-word question, and rather than write any sort of response, I’m just going to let her [...]
Who's really buying Hooters?
Hooters of America yesterday announced that it had agreed to be acquired by�Chanticleer Holdings LLC (CCLR), a North Carolina-based business development company. But here's the thing: I'm told that the beer, boob and wing chain was sold for more than $200 million.�Chanticleer, on the other hand, has a market cap south of $7 million. So [...]
Source: http://finance.fortune.cnn.com/2011/01/26/whos-really-buying-hooters/
Drama in Real Life: When Emergencies Pile Up
This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com. Last week, I mentioned that my cat just died. Not only was his passing heartbreaking, it was expensive. But as I said in that post, I was very happy to be able [...]
Source: http://www.getrichslowly.org/blog/2011/01/06/drama-in-real-life-when-emergencies-pile-up/
Private Clouds on the Horizon
Cloud computing offers a number of benefits. It provides, for example, the ability to tap IT capabilities as flexible services that can be changed as quickly as the business changes.
Private clouds provide many of the benefits of cloud computing, but are deployed behind the corporate firewall. They eliminate security concerns around public clouds, and [...]
Private clouds provide many of the benefits of cloud computing, but are deployed behind the corporate firewall. They eliminate security concerns around public clouds, and [...]
Source: http://bigfatfinanceblog.com/2011/01/27/private-clouds-on-the-horizon/
Why CalPERS is selling big buyout fund stakes
Trade pub Private Equity Insider recently reported that CalPERS is marketing more than $800 million worth of big buyout fund stakes on the secondary market. It didn't provide specifics, but I've learned that the public pension giant is offering 20% of its positions in the following vehicles (6/10/10 IRRs in parentheses, based on CalPERS data): [...]
Source: http://finance.fortune.cnn.com/2011/01/28/why-calpers-is-selling-big-buyout-fund-stakes/
Federal Loan Modification Plan For Unemployed Homeowners Offers Relief - Who Qualifies?
The Federal Treasury Department is offering loan modification help to the many homeowners who have found themselves unemployed due to the current recession and are at risk of losing their homes to foreclosure. Now, even if you are unemployed you may be able to get your mortgage payment drastically reduced to help you avoid foreclosure [...]
EGOS 2011 stream: THE DUBIOUS ROLE OF NUMBERS IN ORGANIZATIONS
The following EGOS stream may also be of interest to SSF people. Have a good break, Yuval THE DUBIOUS ROLE OF NUMBERS IN ORGANIZATIONS Sub?stream #39, EGOS 2011 Colloquium, Gothenburg Conveners:Christian Huber, Helmut?Schmidt?University, Hamburg, Germany (huber@hsu?hh.de)Martin Messner, HEC Paris, France (messner@hec.fr)Tobias Scheytt, Helmut?Schmidt?University, Hamburg, Germany (Scheytt@hsu?hh.de) Numbers are ubiquitous phenomena in organizations. Whether we look [...]
Update on the Blank Swan
A quick update to highlight the paper Elie Ayache just kindly pointed to in comments to a recent plug: “The End of Probability”. Thanks Elie! BTW: More philosophy for “after the market” (in French) at Elie Ayache’s Apr�s le march�.
Source: http://socfinance.wordpress.com/2010/11/04/update-on-the-blank-swan/
Personal Loans A Necessary Evil
Nobody ever wants to take a loan – after all they are a symbol of the fact that you need extra money or that your present finances are not sufficient to cover your needs and requirements. However loans have become an obligatory evil in our lives. There are many a time when circumstances compel us [...]
Source: http://www.APersonalFinanceGuide.com/blackhorse-finance/personal-loans-a-necessary-evil/
Does Commodity Inflation Matter?
Over the last few years, the US has worried about the perils of deflation (not inflation).� In fact, one of the goals of QE2 is to increase inflation expectations.� During this time, our inflation rate has been very low.� We tend to focus on ?core? inflation ? excluding food and energy. Even though we?ve had [...]
Source: http://leedsonfinance.com/2011/01/17/does-commodity-inflation-matter/
GRS Blogger Profile: Robert Brokamp
Get Rich Slowly started as a place for J.D. to write about money. Over the past five years, it’s grown beyond that. It’s now a multi-author blog. Two weeks ago, the staff writers shared brief bios to give readers a little background. Today, contributing writer Robert Brokamp does the same. Enjoy! Hello, GRS?ers. Want to [...]
Source: http://www.getrichslowly.org/blog/2011/01/12/grs-blogger-profile-robert-brokamp/
Don?t Get Rich Any Slower Than You Have To
This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool?s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. This is one of those boring articles about investing that is actually very important. [...]
Source: http://www.getrichslowly.org/blog/2011/01/12/don%e2%80%99t-get-rich-any-slower-than-you-have-to/
Sequoia Capital raises more than $1.3 billion
Sequoia Capital,�considered by many to be the world's best venture capital firm,�has busted through the $1 billion target it set for its latest fund, according to a new regulatory filing. The vehicle, named Sequoia Capital 2010, has secured more than $1.35 billion in capital commitments (beginning last March). No word yet on if this represents [...]
Source: http://finance.fortune.cnn.com/2011/01/25/sequoia-capital-raises-more-than-1-3-billion/
Private equity firms: We're hiring!
Paging Jeff Immelt: American private equity firms to help boost the employment rolls in 2011, according to a new survey conducted by accounting and consulting firm BDO USA. Sixty-three percent of respondents said that they would increase professional headcount at their portfolio companies, compared to just 45% that actually did so over the past year. [...]
Source: http://finance.fortune.cnn.com/2011/01/24/private-equity-firms-were-hiring/
The Internet of Things
The Internet of Things has the potential to change our businesses and our lives as much as or possibly more than today?s Internet. It has been a long time in coming, maybe since the advent of bar codes but certainly since the development of RFID tags.
Among the recognized thought leaders is McKinsey. You can check [...]
Among the recognized thought leaders is McKinsey. You can check [...]
Source: http://bigfatfinanceblog.com/2011/01/21/the-internet-of-things/
U.K. shows limits of austerity
Just in time for tonight's big speech comes a reminder of the limits of austerity. The U.K. economy posted a 0.4% fourth-quarter output decline, stunning economists who had expected to see gross domestic product rise 0.5%. Perhaps half the shortfall came from bad weather, but the news in any case was "shockingly bad," economists at [...]
Source: http://finance.fortune.cnn.com/2011/01/25/u-k-shows-limits-of-austerity/
Snowed In: The Blizzard Economy
Yet another official weather emergency is in force in New York City this winter as inch after inch of snow piles up on city streets and parks: the second snowstorm of 2011, and the year's barely even started. In this infographic, we give you the highlights of the economic impact of recent snowstorms on economies and businesses.
Follow-Up: Thrifting for Holiday Gifts
As I mentioned earlier this week, I get a lot of requests for follow-ups to reader stories and questions. People want to hear how things turned out. Because I want to know how things turned out, too, I’m going to start a semi-regular feature at Get Rich Slowly. Whenever I hear back from a previous [...]
Source: http://www.getrichslowly.org/blog/2011/01/21/follow-up-thrifting-for-holiday-gifts/
Thursday, January 27, 2011
The President Agrees: Stop Doing Dumb Stuff (I)
I noticed that President Obama?s poll standings have rebounded as he focuses more on the economy. Earlier this week, The Wall Street Journal published an op-ed column that the President authored in which he called for a review of all government rules and regulations to ?root out regulations that conflict, that are not worth the [...]
Source: http://bigfatfinanceblog.com/2011/01/25/the-president-agrees-stop-doing-dumb-stuff-i/
What?s a Credit Score? An Intro to Credit Reports and Credit Scores
This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com. A good friend of mine recently asked me what a credit report is and how he could get his hands on his. My friend has a PhD. He’s a smart guy, and [...]
Reader Story: A Fresh Start on the Path to Prosperity
This guest post from Louisa Rogers is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Previously at GRS, [...]
Source: http://www.getrichslowly.org/blog/2011/01/02/reader-story-a-fresh-start-on-the-path-to-prosperity/
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