If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found interesting and think that others may want to read for themselves. I also include some commentary on what’s going on in my personal life and a weekly “racing video” since my former life was in the auto-racing industry. The name “Lap of the Blogs” is in reference to “A Lap Of The Gods” which is an old video series which chronicled on-board footage of the world’s greatest F1 drivers lapping various racetracks from around the world.
I’m going to be away for most of next week visiting Dimensional Fund Advisors in Santa Monica on a due diligence trip. I know some of the readers of this blog are interested in DFA’s (which are the enhanced index funds that Dimensional Fund Advisors offers) and I’ll be blogging about DFA’s in the near future. In the meantime, I may not be attending to comments next week as I’m also taking the opporunity to take a small break as my brother lives not too far away near Malibu.
A Lap Of The Blogs
I’m sure the market action of late has been on many people’s minds, so this week’s lap of the blogs includes some timely advice and food for thought about the trying times…
The Canadian Capitalist is loving the bear market because it presents opportunities for long term investors.
Canadian Dream: Free at 45 likens monitoring his investments to watching a car crash – and thinks it might be best to just focus on other things for a while and not get caught up in the hype.
Jonathan Chevreau highlights the career of Sir John Templeton, who passed away recently. Among other things, Templeton was known for advising investors to buy at the times of extreme pessimism and sell at the times of extreme optimism.
Michael James on Money describes the phases of ‘stock talk’. Peter Lynch once wrote that once the cab drivers and shoe shiners start giving you stock tips, it’s time to sell. :)
In case things really get bad, Thicken My Wallet has some suggestions on how to write an effective resume.
Credit Card Brains hosted the latest Carnival of Personal Finance which included an article written by yours truly.
This Week’s Racing Video
This week I’ve picked a drag racing video which shows just how much energy is transmitted through the tires upon the launch from the line. Look how much the tires wrinkle in slow motion! Some other interesting facts about top fuel dragsters: under full throttle a dragster consumes 6 litres of fuel per second and the power of the sparkplugs in one cylinder is equivalent to an arc welder.