Weekend Edition: More Coupons and Digital TV
Posted on Mar 08, 2008 under Weekend Editions |1. I recently wrote an article about coupons, but I also happened to run across this article from The Honest Dollar entitled Price Discrimination and Why Coupons Exist. It’s one of the more informative posts that I’ve read in a while and provides a great explanation and insight into the concept of price discrimination. A great read worth checking out.
2. The stock market took a tumble on Friday, falling to its lowest levels in over a year. There’s fear about jobs, the financial sector, the high price of oil, as well as the general economy. You could either join the droves, or invest against the tide. If the stock market is really low, sounds like a great time to buy. Don’t just take my word for it though, the newest “richest man in the world” Warren Buffet has also said to buy when everyone else is selling.
3. If you haven’t heard already then it’s probably time you found out about it. Next February, all TV station broadcasts are scheduled to switch to digital. If you’re currently using an antenna to get over-the-air broadcasts, you’re going to need a new converter box and possibly another antenna. You can get more information from the government as well as apply for a couponfor the converter box.
Fiscal Musings Throwback (FMT): Financial Statements - Balance. In order to understand and better track our finances, it’s good to have a basic understanding of financial statements. This is a basic explanation of the balance sheet.
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by RacerX, on March 8 2008 @ 3:54 pm
Not to mention gold over $1000 an ounce (which is crazy!)
Commodities are climbing fast again!
by Jake Cohen, on March 8 2008 @ 6:47 pm
True that… Gold used to be so much cheaper but with jewelry selling like crazy, and diamonds being a perfect match for gold, you would only expect it to rise.
www.TalkPrice.net
by Jon, on March 9 2008 @ 7:17 pm
In reality it’s not Gold rising but the value of paper assets (money) which is devaluing rapidly. No wonder with low interest rate and the printing press going like crazy for many years now. Gold over $1000 isn’t crazy, it should actually be around $2500 which is closer to it’s real price considering inflation since the 80’s peak.
As for the stock market, it’s a good idea to buy after the market as rebounded from the lows and give good technical and fundamental reasons for you to jump in, unless yours top are quite tight. This could be a much deeper drop that people expect especially if this recession (because the USA is in a recession even if no one wants to admit it yet) turn into something worst (like a depression or stagflation).
by No Debt Plan, on March 9 2008 @ 7:26 pm
I’m going to choose to be greedy when others are fearful. Let’s hope it works out.
by Lily, on March 10 2008 @ 8:57 am
Thanks for the mention - I’m glad you enjoyed my article!
People panic about the stock market for reasons that should inspire nervousness but not fear. Unfortunately, the masses (which are mostly financial institutions, not Mom & Pop investors) drive stock prices, so as long as fear prevails, the market will continue to fluctuate wildly and trend downward.
I think it’s right to see this as a buying opportunity; but I think it’s also right to be very aware of your own risk tolerance, and adjust your investment strategy accordingly. I’m still investing regularly into the stock market in my 401(k), but I’ve held off on adding to my brokerage account because I’m not sure I want to deal with the roller coaster ride.
by fiscalmusings, on March 10 2008 @ 10:35 am
Lily: I agree, you’ve got to know your risk tolerance. It’s been tough watching my balances continue to go down, but I’m trying to be rational about things, and continue to invest.