by The Investor
on February 28, 2010
One of the most tedious aspects of the bursting of the property bubble has been the endless bleating that lower house prices are universally bad news.
In fact, lower house prices can be good news for at least two important reasons:
- If you don’t own a house, lower prices mean you (or your children) are more able to afford a home.
- Lower house prices mean extra money to go into more productive and economically useful assets.
You can repeat these facts to homeowners and financial journalists, but the truth bounces off their skulls like moral justice off a banker’s back.
But perhaps they will listen to Warren Buffett?
Read more from Buffett on house prices
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by The Investor
on February 27, 2010
My weekly roundup from the financial and money blogs and newspapers.
What do you do when you love writing your investing and personal finance blog but it disrupts your work, your weekends, and even your cinema nights?
You start another!
Wait: There is method in my madness. My new site, Stock Tickle, is a very different beast to Monevator.
[continue reading…]
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by The Investor
on February 26, 2010
Let’s not delude ourselves: You’ll have to do or be more to increase your salary.
But you don’t have to change your job. Handy if you love what you do!
Understand that anyone senior to you must be able to justify your raise to someone higher. Therefore, whining or pleading won’t work (not for long). And if your boss is the owner of the company, he or she will be the hardest person to convince – they know that every penny counts.
You do a great job, but you’ve previously been underpaid? Tough, it’s too late to moan now. You lost that fight when you signed up.
I’m serious! You’ve already been pigeonholed and to get the pay you deserve you have to show you can fly – either for the company, or if you must then away from the company.
Read more to get a raise
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by The Investor
on February 24, 2010
People have a fetish for smelly, bloody and dangerous occupations where the returns are poor and the competitors numerous.
No, I’m not talking about the British kink for dominatrices.
I mean the warm feeling the public has for manufacturing – and not even the slick, highly-skilled factories that we have in the UK and the US, but the grubby assembly lines that migrated to China.
[continue reading…]
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