Skip to main content

April is Personal Finance Education Month

Most surveys indicate that the majority of people don't understand the principles of their own finances, or have enough money saved to cover even the basic of emergencies. But the knowledge is there. 

One word of advice. You'll find a lot of blogs about personal finance. Most are OK. Some are not. Buyer beware. Many are opinions. Don't believe everything.

Even some textbooks are biased, but learn to read critically and think for yourself. If something seems odd, find another source to verify. 

However, there are a few sites that I use on a regular basis, which can be useful, and I just came across one that offers free textbooks on a number of subjects. Here's one on Economic Analysis. They also offer free courses, as well as many universities, such as MIT. How cool is that for party talk? "I just took a course at MIT, so I know what I'm talking about." Well, maybe. Don't get too cocky.

Udemy offers some excellent online courses, normally for less than $20. 

Both Schwab and CNBC offer great articles on personal finance. If you use another broker, I suggest you take a look. Also, most banks as well. My bank, Chase, is a good example. (And you don't have to be a customer). 

And Investopedia is quite complete. YouTube, for those of you who'd rather watch than read, is also loaded, but you have to filter out the "I want to sell you something" with "I want to teach you something." Start with these two: Phil Town, and Chris Houran, who also teaches at Udemy.

The information is there. Take advantage of it. Put down the TV clicker and get some.


Popular posts from this blog

What happened when a Trump Supporter Challenged Me About the Wall

Vicky Alvear Schecter wrote in Medium | Poltics on Dec. 27, 2018 using her headline above. I thought it was pretty well written -- at least she made an attempt to keep her liberal bias out of it -- regardless of a few illogical fallacies

But she does make an attempt, in an effort to avoid her liberal bias, as she ponders  " order not to be accused by bias, I explained that I would only use conservative sources to prove my point."

To me, that's bias to start out with that premise. And I believe her premise is that she is against the wall. That's her stance. But she makes some good points, but some are skewed, even though she attempt to take a "conservative" approach, even by citing some "conservative" sources in her footnotes.

Here's the first problem: if she wanted to avoid bias, why not just stick to the the historical facts as written (when you can find them without bias), and not concern oneself with bias. "I must reject that becau…

Weekly wrap for Nov 9

After Thursday and Friday, it might seem the markets are down, but the weekly numbers tell a different story, with the three major indices up for the week. The Nasdaq, with its tech exposure, had the smallest increase. The tech sector is obviously under recent pressure. 

IndexNov 2Nov 9+/-%S&P 5002,723.062,781.01+ 57.95+ 2.12%Nasdaq7,356.997,406.90+ 49.91+ 0.67%DOW 3025,270.8325,989.30+ 718.47+ 2.84%
Over the last 12 months, the Dow is up 10.77 percent, the SP 500 up 7.6 percent, and the Nasdaq up 9.7 percent.  

The weekly chart of the SPY still indicates a long position in the broader market. (The blue line is the 34-week moving average; the red is the 13-week moving average).

While the U.S. economy still seems to be just fine from most reports, investors seemed to worry about a couple of things on Thursday and Friday: 1) The Eurozone, 2) trade with China, and 3) the Fed and interest rates. Another topic of interest has been oil. 

First, it seems that the Fed has really not indicated …

U.S. Top Oil Producer, Thanks to Obama

\ You read that right.

The U.S. is now the largest oil producer in the world, according to the EIA, producing some 15 million BOE per day, surpassing Russia and Saudi Arabia. (Remember back when Jimmy Carter said in 1979 the answer to our energy problems was to wear a warmer sweater...but you probably don't. He actually said this on national TV).

The United States is the top oil-producing country in the world, with an average of 14.86 million b/d, which accounts for 15.3% of the world's production. This is down from 15.12 million b/d in 2015, but it was enough to land the United States in the No. 1 spot, which it has held for the past four years running. (Source: Investopedia.)

Guess who takes credit for it? Granted, this increase in production began in 2012, but only because of private industry and the fact that the price of oil was at nearly all-time highs. And it dipped in 2016 because of Obama's anti-oil policies! 

But here he is again

Former President Barack Obama sure l…