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Author Topic: All Things Money  (Read 2019 times)

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Mac

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Re: All Things Money
« Reply #15 on: May 29, 2012, 09:41:24 am »
Money, Facebook... Robbery

I know stories about Facebook's dark side is very small in percentage, but it does seem like every time a story is written about Facebook, it's never good.

Family robbed after teen posts photo of money on Facebook

Quote
On Thursday, a teenage girl posted a photo of a "large sum of cash" on Facebook. About seven hours later, two robbers arrived at her family's home. Unsurprisingly, this incident prompted local authorities to issue a warning about the dangers of posting photographs online.

According to BBC News, the 17-year-old girl was helping her 72-year-old grandmother count her cash savings when she decided to snap a photo of the money and post it on Facebook. A press release by the local police force explains that this social media activity occured in Sydney, Australia at about 4 p.m. on Thursday. At 11:30 p.m. on the same day, a house about 75 miles south-west was invaded by two armed men. The girl's mother, a 58-year-old man and a 14-year-old boy were home at the time.

Brandishing a knife and a wooden club, the two men "allegedly entered the home demanding to speak with the girl about the cash" seen in the Facebook photo. After the girl's mother explained that she no longer lives at that address, the men proceeded to search the house and "took a small amount of cash and other personal property before leaving."

It is unclear how the robbers connected the girl's social media activity to her mother's home address, but authorities are nonetheless urging "users of social media to take extreme caution when posting photographs and personal information." I suspect that's a polite way of saying "Use some common sense, folks!"

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Chiprocks1

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Re: All Things Money
« Reply #16 on: May 29, 2012, 10:42:29 am »
Ah, those kids make me laugh......
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

Mac

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Re: All Things Money
« Reply #17 on: May 29, 2012, 01:34:35 pm »
Quote
Ah, those kids make me laugh......

It's sad but grown ups are doing stupid stuff too now on Facebook.
Why do people feel the need to post everything and I mean everything about their life and their thoughts to the world?
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Chiprocks1

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Re: All Things Money
« Reply #18 on: May 29, 2012, 02:05:17 pm »
Why do people feel the need to post everything and I mean everything about their life and their thoughts to the world?

"They just want to be loved, is that so wrong"?

Jon Lovitz
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

Chiprocks1

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Re: All Things Money
« Reply #19 on: May 30, 2012, 08:11:46 pm »
401k Hidden Fees?

http://www.youtube.com/watch?v=t05d3mqYIyk

Not something you should take lightly.
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

Chiprocks1

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Re: All Things Money
« Reply #20 on: June 21, 2012, 09:03:25 am »
After Facebook, Lawmakers Push for IPO Changes

http://www.youtube.com/watch?v=U1cKscuxtJE
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

Mac

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Re: All Things Money
« Reply #21 on: June 21, 2012, 09:27:28 am »
Quote
401k Hidden Fees?

Thanks for highlighting this. I will keep an eye out for this in July.

I can only hope I'm not getting screwed
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Mac

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Re: All Things Money
« Reply #22 on: June 29, 2012, 10:10:50 am »
more news on hidden fees

Your family is probably losing $155K from 401(k) plan, and why new rules won't help

Quote
A two-income American family with an average income that dutifully invests in a 401(k) plan using typical strategies will lose $155,000 – or about 30 percent of what they should have saved for retirement -- to Wall Street fees, according to a study by an economic justice advocacy organization.

The Demos study, released last month, is just the latest in a long string of research showing 401(k) plans are a better deal for Wall Street than for you. Many show that people lose about one-third of their retirement money to fees that they don't even know they're paying. The actual lifetime impact of fees is a matter of widespread debate, but it shouldn’t be. In one dramatic example, John Bogle, the inventor of index funds, demonstrated how fees can consume 80 percent of an investor's money through something he’d dubbed “the tyranny of compounding fees.” (Click on the link to see his proof.)

But some relief may be on the way. Regulations first set in motion in in 2007 (!) will finally kick in next week. Soon, 401(k) statements will include a fact box -- similar to the new info-boxes on credit card bills -- that lists the fee rates (“expense ratios’) associated with fund selections and shows in dollars how much the investor paid.

The disclosure box is a welcome change, but it's probably not going to make much of a difference, laments Robert Hiltonsmith, author of the Demos study.

More...
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Chiprocks1

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Re: All Things Money
« Reply #23 on: June 29, 2012, 10:14:25 am »
Sometimes I ask myself why even put money in the bank or any other loan institutions. I think it makes more sense to keep money under a mattress these days than have to deal with all these hidden fees.
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

Mac

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Re: All Things Money
« Reply #24 on: June 29, 2012, 11:23:39 am »
It can get depressing, can't it.
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Chiprocks1

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Re: All Things Money
« Reply #25 on: June 29, 2012, 11:28:06 am »
I invested money in a bunch of James Bond DVD's when they first came out. But with Blu-ray now the standard of home entertainment, that basically made all my DVD's worthless or more accurately....Junk Bonds.

Thank you. I will be performing for the next 2 months at Caesar's Palace in Vegas. Tell all your friends.

Two drink minimum.
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

Mac

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Re: All Things Money
« Reply #26 on: June 29, 2012, 11:39:57 am »
And Please Tip the waitresses.
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Chiprocks1

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Re: All Things Money
« Reply #27 on: August 14, 2012, 09:25:34 am »
How to Avoid Cash-for-Gold Scams

http://www.youtube.com/watch?v=z3bZseKZrp8
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

Mac

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Re: All Things Money
« Reply #28 on: August 14, 2012, 11:31:52 am »
I don't have gold to be swindled...
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Chiprocks1

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Re: All Things Money
« Reply #29 on: August 14, 2012, 11:47:11 am »
Start panning down by the river......next to the White Van.
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

 

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