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Linkfests Are Fun!
Posted By Jim On 03/31/2007 @ 5:59 pm In Personal Finance | 1 Comment
Nickel is putting a lot into his retirement funds – a SEP IRA, 403b, and a 457b . Whew! And when you have four children, a potential 9% increase in milk prices  can be quite disconcerting. MBH hits up the yard sales  this week.
Despite the misleading title, FMF does highlight a very important Smart Money article on how some brokerage firm employees are dispensing financial advice  – a strict no-no. To say that it’s bad advice wouldn’t be fair, it’s more accurate to say it’s not professional advice (in the strictest sense) and that it’s illegal advice. Well, I suppose it is bad advice.
Putting your tax refund into a Roth may be sound financial practice but it’s certainly not fun, Flexo outlines fun ways to spend your tax refund . Now, it’s one thing to spend your tax refund, it’s another to spend a tax refund you aren’t getting . Counting your chickens before they’ve hatched is always a bad idea.
JLP highlights a typical arbitraging tactic – buying popular items cheap and selling them  once they run out in the stores on a site like eBay. One year in college I saw that Ashton Kutcher wore a green John Deere mesh hat on Punk’d so I snatched up a ridiculous amount (over a hundred) from various John Deere distributors for about $5 a piece and sold them on ebay for $25-$30 depending on the
sucker buyer. It was pretty sweet.
Lastly, Gen X Finance has been doing a series called 24 Signs That You Could be in Financial Trouble and one that I found very poignant was #11: Consolidating Debt While Still Using Available Credit . You can’t get yourself out of a hole if you keep digging it deeper… that just doesn’t make sense.
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 SEP IRA, 403b, and a 457b: http://www.fivecentnickel.com/2007/03/26/minimizing-our-taxes-with-sep-ira-403b-and-457b/
 9% increase in milk prices: http://www.raising4boys.com/2007/03/30/milk-prices-on-the-rise/
 yard sales: http://www.mightybargainhunter.com/2007/03/29/yard-sale-booty-for-this-weekend/
 brokerage firm employees are dispensing financial advice: http://www.freemoneyfinance.com/2007/03/shocker_many_br.html
 fun ways to spend your tax refund: http://www.consumerismcommentary.com/2007/03/30/10-ways-to-spend-your-tax-refund-for-fun/
 spend a tax refund you aren’t getting: http://www.myfinancialjourney.com/archive/what-not-to-do-with-your-tax-return
 buying popular items cheap and selling them: http://allfinancialmatters.com/2007/03/27/got-any-gold-in-your-closet/
 Consolidating Debt While Still Using Available Credit: http://genxfinance.com/2007/03/27/24-signs-that-you-could-be-in-financial-trouble-11-consolidating-debt-while-still-using-available-credit/
Thank you for reading!