Well, it was a good week for most of us.
Not if you were a rogue trader, though. What is a rogue trader anyhow? Is it some nomadic tribal leader punching away at online trades somewhere in the Mongolian highlands? Is he traveling with his band of scurvy dawgs upon the high seas, arrr?
No. Here’s what a rogue trader is: he’s or she’s a trader who placed a horrible bet and lost the company billions of dollars. (I’m looking right at you UBS.)
Do you think if Kweku Adoboli made $2 billion we would be calling him a “rogue trader.” No way. In fact, there is probably one trader–or a few traders–who made a billion or two off of Adoboli’s bad bet. Are we talking about them?
No such thing as a rogue trader.
But I’ve become a bit of a rogue blogger. I surf the high seas of personal financial blogosphere bringing you the best posts this week.
Ever hear of “niching down”? Read the case study I Will Teach You to be Rich to find out more.
Eight Little Known Facts About the Roth IRA at Get Rich Slowly.
Savings.com blog has a nice little wrap-up about the financial week of weird, including Ponzi schemes, rogue traders, and more.
An oldie, but a goodie: Tyler Durden’s Guide to Personal Finance. Check it out on Man Vs Debt.
Watch What You Pay for Homeowners Insurance at Free Snatcher.
Moolanomy offers some tips on the Magic of Saving up to Buy Things.
Crunching the numbers at Daily Worth.
Looking for extra cash? PT Money says you can earn money by making videos for contests.
Tag along with a spouse to a business conference and save moola. You can thank Free From Broke for that little money-saving tip.
Oblivious Investor talks about uncertainty and retirement plans.
I missed this a few weeks ago, but it’s a great post: Are You an Investor or a Speculator at The DIY Income Investor.