Carnival of Money Management #1

Welcome to the 1st edition of the Carnival of Money Management.

I want to give my thanks to everyone who is contributing to making this carnival a success! I would appreciate it if anyone who is featured in the carnival links back to this post.

If you want to submit an article for next week's edition, the submission form is here. Looking forward to more quality articles for my next carnival.

1. Jim DeSantis presents 3 Reasons That Can Cause Your Family Budget To Fail posted at Free Family Budgeting, saying, "Money is the only tool you have to secure your future and the future of your family and to live a good life today."

2. David presents 25 Debt Reduction Tips For Your Immediate Action Plan at Money Ning, saying, "Avoiding debt is an advice that most don’t appreciate enough until we are swamped with bills and obligations."

3. Leave Debt Behind presents Are You Responsible for Your Deceased Parents Debt?, saying, "The only time a person is responsible for a debt is when it was incurred due to a joint account or when a child is the co-signer on a loan taken by a parent."

4. Debt Free Destiny presents Why Repairing Your Credit Makes Sense and Saves You Money, saying, " It is important when you hit a financial rut and your credit score is negatively affected that you work towards getting back on track."

5. PFCreditCards presents The Credit Card Debate, saying, "Love it or hate it, credit cards are apart of our society."

6. Joe Caterisano presents Budgeting Tips posted at Penny Pinching saying, "Compulsive spending is nothing but a destructive mindset. There is no such thing as will power."

Money Blog Carnival At Money Beagle

Money Beagle posted my article Keeping A Change Jar At Home for the Money Hacks Carnival 47.

This is the first ever carnival hosted at Money Beagle, and I think it is a job well done. There are some very informative posts in there and I love the adorable doggie pictures too.

There is something for everyone, whether you are interested in frugality, savings, economy, investing, debt/credit or income, etc. you are sure to learn useful pointers to further your financal education.

Be sure to visit the carnival and check out these great links.

Interesting Money Blog Snippets #1

1. Global Stock Markets - Halloween Relief?

Here is Richard Russell’s (Dow Theory Letters) take on matters: “Things are looking better. After a series of 90% down-days, we had a 90% up-day on Tuesday, October 28. Since then, the market action has been fairly good. With bonds appearing to have topped out, I’m beginning to think that there’s a fairly good chance the market has bottomed. Adding to the bullish case, Lowry’s published a significant contraction in selling pressure today.”

2. Bear's Last Stand

Yes, I now believe the ultimate low is already in. We're still in a bottoming process but the low will not be violated and we're set to have a really good multiyear rally.

The BEAR is dead, for good. This is "Bears' Last Stand" and the hole underneath them just busted wide open and they are falling in one by one. Sucked in like the Black Hole sucks anything in. Their fate is sealed. Goodbye Elliott Wavers.

3. The Rise And Fall of Nokia

Nokia investors have experienced a very wild ride in a short period since the start of 2006. From a low near $16, Nokia rose to $40 per share in two years (though not exceeding is 2000 split-adjusted $55 high) and then has spent the better part of 2008 in virtually total free-fall.

I did want to point out a larger “accumulation-distribution” pattern (or cycle) that was evident in the stock.

4. Flush DBS High Notes 5 Down The Drain

Let’s take a leaf out of J.P. Morgan, Jr’s philosophy of wanting his bank to be known for ‘doing only first-class business… in a first-class way.’ This is a statement he made before the Sub-Committee of the Committee on Banking and Currency of the U.S. Senate in 1933.

5. Rate Cut May Be Too Late For Baby-boomers

The rate cut may be too late for the baby boomers …

As many baby boomers are facing retirement, this recent meltdown in the stock market has put many in a precarious position. Money they had counted on for their golden years has quickly disappeared and will not likely return anytime soon.