Super saver secrets revealed; Exchange Trader Fund fiasco; Coach's Corner; Top 7 currency trading Q&As; The golden Apple

Super saver secrets revealed; Exchange Trader Fund fiasco; Coach's Corner; Top 7 currency trading Q&As; The golden Apple

Apple - the new gold?

By Amanda Morrall

1) Money Saving Secrets of Super savers

There's mixed theories on how much of your income you should set aside for savings. I aim for 10% but am told that 20% is more prudent given the possible erosion of social safety nets by the time I retire.

Money Magazine recently interviewed 100 super savers, all of whom earmark between 35-60% of income, to find out their savings secrets.

Cooltobefrugal.com condenses them  here.

2) Exchange Traded Fund fiasco

Exchange Traded Funds are marketed as a cheap way for DIY investors to make money from moves in shares, gold, food and commodities.

The US$2.3 billion rogue trading disaster suffered by Swiss bank UBS (apparently perpetrated on the back of ETFs) has proven them more of a sucker's game than many probably realise.

Guardian writer Patrick Collision explains why investors should treat ETFs with a healthy skepticism.

3) Coach's Corner

Legendary T.V. sport personality Don Cherry is almost as big a name in Canadian hockey as revered player Wayne "The Great" Gretzy.  Cherry is renown for his brash, bombastic, no holds barred critique of the players on Coach's Corner during televised Hockey Night in Canada games. Incidentally, Cherry is famed for his flamboyant dress, and signature high collar shirts as you'll see in this video below.

I was reminded of the Cherry bomb after reading this more understated feature-length article in the New Yorker about the popularisation of career coaching. The writer, a surgeon, decides to get a coach himself to see if and how it can lift an already steady game in the ER.

Heaps of professionals are doing the same. But does coaching really work? Apparently, if you've got a good one. Maybe I should hire Cherry?

Here's a taste of The Coach. Call it a palate cleanser between rugby matches.

 

4) Top 7 currency Q&As

At one time, forex used to be the secretive domain of high stakes multi-nationals, banks and other well-heeled wheeler dealers. The internet changed all that but for many retail investors forex remains a bit of a mystery.

Those interested in learning more, might find some value in Investopedia's Top 7 questions answered on forex.

5) Good stocks in a bad market

It's easy to drown in a sea of bad news and while markets are roiling something wicked some companies are sailing through it all.

Several can be found on the S&P500 despite the index being 10% down this year. According to this CNN Money article, 61 companies (as of last Friday) have been up for the past year amid all the doom and gloom. Fortune 500 companies Apple, IBM, Intel and Amazon are among the stand-outs.

Apple, stuffed with US$76 billion in cash, is doing so well in fact that it's being described as "the new gold.''

A cheery read for any investor in a funk.

 

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

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