I read a great article in New York Magazine entitled “The Dow Zero Insurgency” (that article can be found here). The focus of the article is primarily centered around investment blogs as opposed to general personal finance blogs but it’s still a very interesting read.

Zero Hedge (the focus of the article) is a financial blog with strong conspiratorial leanings with a healthy dose of “Fight Club” references. It’s an interesting blog in some ways, with a vibrant community. It’s a bit too combative and “let’s overthrow the economy”-esque for me but it has been shown to be an intelligent read, heavy in technical analysis and Wall Street-insider information.

Zero Hedge’s credibility has been bolstered by a couple of statements and predictions that have proven to be true; for example the New York Magazine article talks about statements made by Zero Hedge and the Goldman Sachs “flash trading” controversy.

You won’t find balanced and measured statements on Zero Hedge – there are a lot of conspiracy theories, bleak analysis and nihilistic rants – but the blog has certainly gained a rapid following, perhaps capitalizing on economic uncertainly as well as corporate and government actions that has led some to question the trustworthiness of those in charge, and how that affects one’s ability to build wealth.

Even if the Zero Hedge blog itself isn’t appealing, the New York Magazine article certainly is a must-read.

“The Dow Zero Insurgency: The Rising Power of Financial Blog Zero Hedge” New York Magazine

-Michael
Twitter: @michael_dink

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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