Wednesday, April 12, 2006

The blog has moved!

I have been having some trouble with Blogger recently so I decided to stop being lazy and just install some blog software on my webserver. I installed WordPress and have moved all of my old posts over from blogger. I am just working on updating some of the links within the posts, but otherwise it should work fine. I will be moving the comments over from the old site later this week as well. Please update your links to the site and RSS feeds accordingly.


Friday, April 07, 2006

My first sale(s):

Last week I sold stocks that I owned for the first time. I think this would normally be very nerve-racking for a person, thinking "what if it shoots up after I sell it?" or anything of the sort. This was made much easier because I needed the money in my account to pay my taxes, so it didn't really matter if it sky rocketed or collapsed after I sold it. Would I be disappointed if it shot up after I sold it? Yes, but as I said, I have to pay taxes, so not a big concern. Both of the stocks that I sold have stayed close to the price I sold them at, so it hasn't bothered me yet, we will see in a few weeks.

I think needing money to pay taxes is a good reason to sell some stocks. Needing money to buy new shoes is not. If you are planning on purchasing a car in a year, start stocking money away in an index fund, and then take it out when you are ready to purchase a car. Do the same if you are going to buy a house or anything else major. When you invest, you should plan on keeping money in the market for at least a year in order to avoid tax penalties that you have if you take it out within that first year.

Remember, you want to buy and hold until you really need the money!

Saturday, April 01, 2006

Feeling overloaded from too much personal finance information?

I just found a great article about avoiding information overload.

Let me know your thoughts on it!

Sorry, I needed to make a half-way decent April Fools joke on someone!