Personal Finance Roundup

Stock Pullback Is Buying Opportunity, Not Meltdown [Smart Money] “Meltdown? This hardly qualifies as a correction. Even at the worst of it last week, the S&P 500 never closed even 10% below its highs. If this market move has you freaked out, then you need to find something else to do with your money other than investing in stocks. Ever consider taking up stamp collecting?”

Hot 6-figure jobs now [CNN Money] “Here are 5 areas where the demand for [$100,000 job] talent appears to be outpacing the supply.”

7 common insurance mistakes [Bankrate] “Make any one of these mistakes and you could wind up paying too much for insurance or leave yourself severely underinsured.”

How to lowball a home seller [MSN Money] “Do your homework and you might be able to make an aggressively low offer that a seller will accept — or at least counter.”

Five big mortgage mistakes [MarketWatch] “With housing prices leveling off in many parts of the country, it’s a good time for qualified buyers to shop around for a new home. [Here are] five pitfalls to avoid when trying to secure a mortgage.”

FREE MONEY FINANCE

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  1. rodeobob says:

    Sorry, but the “smart money” article is garbage, pure & simple.

    Even at the worst of it last week, the S&P 500 never closed even 10% below its highs.

    And of course, the worst of it last week will be the low-water mark for the entire thing, right?

    I mean, it’s not like there are billions of dollars in ARMs set to adjust come the fall. Oh, there are?

    Well, it’s not like those mortgage-backed securities are still capitalized at their face value, rather than being marked down due to increased risk. Oh, they are still at face value?

    Well, only sub-prime borrowing is affected; the much larger “alt-a” market is still rock solid. Oh, it isn’t?

    But surely this is is limited to unscrupulous borrowers, while bigger lenders like Nationwide aren’t being significantly affected…

    But this is just the mortgage industry and people who invested in mortgage-backed securities; it’s not like its having an impact on the availability of credit on the larger market. What was that about Home Depot?

  2. TPIRman says:

    Screw the money articles, I want to read the parlor-tricks page that Ben got the image from!

  3. legalbeagle123 says:

    You know the funniest part of stories like this is that the vast majority of them are written by people who have loads of credit cards upon which they are paying 22% interest.

    And they can’t see why that’s so ironic.

  4. shoegazer says:

    Wow, I’m so glad I stuck with SAP Finance when I did. That’s two six figure money earners right there… does that mean I get twelve figures? No…?