financial reading

“For sale by owner” web sites can generate higher prices than Realtors: Here’s an interesting article where a small test showed that those who made their own website and sold their house on their own got a better price for the house than those who went through a real estate agent. Add that to the fees saved and it made for a significant amount of money saved. The one key was it took longer to sell the house, but if you have time on your side, this may be something to try since it can mean tens of thousands of extra dollars in your pocket.

Reverse Your Position Depending On Magazine Cover Stories: Here’s one way to invest – look at the stories featured on your favorite investment magazines and do the opposite of what they recommend. From the article:

After the stories appeared, however, the positions switched. The most negatively portrayed companies managed to beat the market by an average of 12.4%, whereas the out performance of the media darlings fell to just 4.2%. This difference is not statistically that significant. What matters is that if news is sufficiently good or bad to catapult a company onto a magazine cover, then it is already reflected in the share price. Or, as the academics put it, “positive stories generally indicate the end of superior performance and negative news generally indicates the end of poor performance.

Adjusted Income…Giving Money: This is an interesting opinion piece on a wealthy individual and the questions that arise when giving money.

The economic costs whether you believe global warming is happening or not.

For those that need more reading, the following carnivals are up:

Personal Finance

(Photo courtesy of trophygeek)