July 2nd, 2010 
Category: 
Welcome to the weekend edition, a small collection of links to interesting personal finance related articles and news from around the web.
Today’s non-farm payroll numbers will be THE variable to watch. It’s going to be an interesting day!
Here’s a list of interesting readings for the weekend:
#1 How To use fear to manipulate people
Kevin @Invest It Wisely discusses how fear is used to push us into spending our money on extended warranties, high fee investments and fixed mortgages.
#2 My investment fortune teller
Andrew Hallam introduces his to his investment fortune teller; the world is so small because I happen to know the same guy!
#3 Fears of double-dip recession grow in U.S.
To double dip or not to double dip, that is the question. For all of you out there who complained about how they missed the 2009 lows, well you might have a shot at it again.
#4 Australia relents on mining tax
Australian miners have been beaten up lately because of this tax. This might be the time to pick up 1 or 2 on sale.
#5 Real Estate income trusts for investment and diversification
HowToInvestOnline has a great article on REITs. With the conversions of income trusts to corporations looming, REITs will remain a good source of high yield distribution.
Have a great weekend!
My DIY stock portfolio is overweight in Canadian oil producers for a reason. I believe Oil consumption is on the path of growth for the next decade and I intend to take every advantage possible of it:
Hey Mich,
I’ve been reading more and more about the double-dip fears. It will be interesting to see how that impacts on and affects things. What is your take?
Thanks for the linkback!
Hey Kev,
I doubt anyone knows what will be happening, sentiment plays a big role and analysts are always divided in their predictions. You also never know when a black swan will appear. Take last year’s market bottom for instance, what was all the talk about? the coming financial Armageddon? Then look at what happened…
Hey Gents, let’s hope the market gets hammered. I figured you guys would like this. Here’s Buffett himself:
“If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves.
But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period?
Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the ‘hamburgers’ they will soon be buying.
This reaction makes no sense. Only those who will be sellers of equities [stock market investments] in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.â€