November 4, 2006

Listen up! But, to whom?

Try doing a google search for personal finance and you will soon be overwhelmed by the myriad of options out there. Everyone seems to have their own strategy, ideology, and even agenda. The important thing is really to try to avoid those who are selling products and stick with those that are offering information and educational resources. Some of your best bets are your local newspaper columnists that aim to inform and educate their readership. I have been following Russ Wiles in the Arizona Republic for some time. Russ has teamed up with Yvette Armendarez in a relative new "MoneyWise" Blog that you can find at (http://www.azcentral.com/blogs/)
They cover a variety of topics including credit, investing, and their take on current financial news. It is a great place to start and get some unobjective financial information. That's where I got the information on Money Market Yields and information from Crane Data (www.cranedata.us). I also like The Motley Fool (http://www.fool.com/), for their general core philosophies. Some like Bob Brinker (http://www.bobbrinker.com/), but I would tend to shy from the short-term perspective and timing he seems to foster. I do like his favorite fund family that he frequently recommends. Others love Warren Buffett (http://www.buffettsecrets.com/). I also like the tenets discussed in Burton Malkiel's book "A Random Walk Down Wall Street" (http://www.princeton.edu/~bmalkiel/). These are time-tested, core philosophies to which every investor should adhere. He also has several other books that build upon these concepts. In thinking about this, though, it is important to figure out what your core money beliefs may be and find people that seem to reflect them in their writing and approach. Either way there is much to learn from these seasoned veterans.

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