Navigating the Financial Blogosphere: How to Benefit from Free Information on the Internet

While many of us trust the advice of so-called "experts" when it comes to our financial well-being, the fact is that many of these professionals either aren't objective enough or simply have an opinion that they want to push on us. This is ironic in that finance is a very subjective discipline, and many financial issues can be resolved by combining a few simple rules with a solid understanding of your own personal preferences.

Wealth manager Russell Bailyn knows how difficult it can be to overcome these obstacles, but he also believes that through well-rounded discussions of important financial topics, you can enhance your understanding of this field and improve your performance within it. That's why, in 2005, he started Russell Bailyn's Financial Planning Blog (russellbailyn.com/weblog) as a forum for discussing commonly asked financial questions. Within months, this blog became a widely syndicated resource for both ordinary investors and industry professionals.

Now, with Navigating the Financial Blogosphere, Bailyn will show you how to take advantage of the many informational outlets available online and provide you with the tools you'll need to get the most out of them. Divided into four comprehensive parts—First Perspectives on Money, Building Wealth Requires Planning, Living in a Financial World, and Thinking Long-Term about Money Management—this one-of-a-kind guide may change the way you live your financial life.

Starting at the beginning of a typical personal financial journey, this book answers basic questions such as how to choose a bank and how to read a credit score. It then moves on to address the essential savings and investment issues that many of us will face during our working years—from figuring out IRAs and 401(k)s to picking stocks and mutual funds. Navigating the Financial Blogosphere concludes with an accessible analysis of long-term financial topics, such as retirement and Social Security, and a straightforward explanation of how to manage your portfolio through asset allocation and rebalancing strategies.

Composed of concise, yet comprehensive chapters that build in complexity as the book progresses, Navigating the Financial Blogosphere will help you connect with some of the best financial information possible and show you how to use it to boost your chances at success in today's ever-changing financial world.

1112273072
Navigating the Financial Blogosphere: How to Benefit from Free Information on the Internet

While many of us trust the advice of so-called "experts" when it comes to our financial well-being, the fact is that many of these professionals either aren't objective enough or simply have an opinion that they want to push on us. This is ironic in that finance is a very subjective discipline, and many financial issues can be resolved by combining a few simple rules with a solid understanding of your own personal preferences.

Wealth manager Russell Bailyn knows how difficult it can be to overcome these obstacles, but he also believes that through well-rounded discussions of important financial topics, you can enhance your understanding of this field and improve your performance within it. That's why, in 2005, he started Russell Bailyn's Financial Planning Blog (russellbailyn.com/weblog) as a forum for discussing commonly asked financial questions. Within months, this blog became a widely syndicated resource for both ordinary investors and industry professionals.

Now, with Navigating the Financial Blogosphere, Bailyn will show you how to take advantage of the many informational outlets available online and provide you with the tools you'll need to get the most out of them. Divided into four comprehensive parts—First Perspectives on Money, Building Wealth Requires Planning, Living in a Financial World, and Thinking Long-Term about Money Management—this one-of-a-kind guide may change the way you live your financial life.

Starting at the beginning of a typical personal financial journey, this book answers basic questions such as how to choose a bank and how to read a credit score. It then moves on to address the essential savings and investment issues that many of us will face during our working years—from figuring out IRAs and 401(k)s to picking stocks and mutual funds. Navigating the Financial Blogosphere concludes with an accessible analysis of long-term financial topics, such as retirement and Social Security, and a straightforward explanation of how to manage your portfolio through asset allocation and rebalancing strategies.

Composed of concise, yet comprehensive chapters that build in complexity as the book progresses, Navigating the Financial Blogosphere will help you connect with some of the best financial information possible and show you how to use it to boost your chances at success in today's ever-changing financial world.

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Navigating the Financial Blogosphere: How to Benefit from Free Information on the Internet

Navigating the Financial Blogosphere: How to Benefit from Free Information on the Internet

by Russell Bailyn
Navigating the Financial Blogosphere: How to Benefit from Free Information on the Internet

Navigating the Financial Blogosphere: How to Benefit from Free Information on the Internet

by Russell Bailyn

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Overview

While many of us trust the advice of so-called "experts" when it comes to our financial well-being, the fact is that many of these professionals either aren't objective enough or simply have an opinion that they want to push on us. This is ironic in that finance is a very subjective discipline, and many financial issues can be resolved by combining a few simple rules with a solid understanding of your own personal preferences.

Wealth manager Russell Bailyn knows how difficult it can be to overcome these obstacles, but he also believes that through well-rounded discussions of important financial topics, you can enhance your understanding of this field and improve your performance within it. That's why, in 2005, he started Russell Bailyn's Financial Planning Blog (russellbailyn.com/weblog) as a forum for discussing commonly asked financial questions. Within months, this blog became a widely syndicated resource for both ordinary investors and industry professionals.

Now, with Navigating the Financial Blogosphere, Bailyn will show you how to take advantage of the many informational outlets available online and provide you with the tools you'll need to get the most out of them. Divided into four comprehensive parts—First Perspectives on Money, Building Wealth Requires Planning, Living in a Financial World, and Thinking Long-Term about Money Management—this one-of-a-kind guide may change the way you live your financial life.

Starting at the beginning of a typical personal financial journey, this book answers basic questions such as how to choose a bank and how to read a credit score. It then moves on to address the essential savings and investment issues that many of us will face during our working years—from figuring out IRAs and 401(k)s to picking stocks and mutual funds. Navigating the Financial Blogosphere concludes with an accessible analysis of long-term financial topics, such as retirement and Social Security, and a straightforward explanation of how to manage your portfolio through asset allocation and rebalancing strategies.

Composed of concise, yet comprehensive chapters that build in complexity as the book progresses, Navigating the Financial Blogosphere will help you connect with some of the best financial information possible and show you how to use it to boost your chances at success in today's ever-changing financial world.


Product Details

ISBN-13: 9781118160688
Publisher: Wiley
Publication date: 10/18/2011
Sold by: JOHN WILEY & SONS
Format: eBook
Pages: 220
File size: 849 KB

About the Author

RUSSELL BAILYN is a wealth manager with Premier Financial Advisors, a boutique financial planning and investment advisory firm. He is also a contributor to a variety of finance Web sites, most notably the Seeking Alpha Network (www.seekingalpha.com) and the Trading Markets Money Blogs (www.tradingmarkets.com). Bailyn and his blog have been featured in a number of magazine publications including Wealth Manager, Financial Planning, and Financial Advisor. His online features include About.com, TheStreet.com, and WallSt.net. As a well-known figure in the financial blogosphere, Bailyn is regularly invited to media events and asked to cover product launches, industry news, and investment strategies.

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Table of Contents


Foreword     xi
Preface     xv
Acknowledgments     xvii
About the Author     xix
Introduction: Why Navigate the Blogosphere?     1
First Perspectives on Money
How Do I Choose a Bank? Does It Really Matter?     7
What Are Personal Financial Statements, and Why Do I Need Them?     13
Can a Budget Really Help Me?     21
Are Credit Cards My Enemy?     29
Am I Scared of My Credit Score?     37
Building Wealth Requires Planning
What Is the Role of a Financial Adviser?     45
How Does the Financial Planning Process Work?     53
Why Is Money Emotional?     61
Why Should I Open an IRA?     69
What's a 401(k) Rollover? Is That Something I Can Teach My Dog?     77
What's the Difference between a 401(k) Plan and a 403(b) Plan?     83
How Do I Pay for College? (Part I): Borrowing Money for My Future     89
How Do I Pay for College? (Part II): Saving in Advance     99
Living in a Financial World
Am I Ready to Pick My Own Stocks?     107
What Are Alternative Investments?     113
How Do I Pick Mutual Funds?     123
Exchange-Traded Funds: What Are They, and Should I Buy One?     129
Can IDabble in Real Estate, Too?     135
How Can I Unravel the Mortgage Mystery?     145
What Are All These Different Financial Designations?     153
Exploring the Variable Annuity: What's All the Chatter About?     161
Thinking Long-Term about Money Management
How Can I Manage My Portfolio through Asset Allocation and Rebalancing?     171
The Fed? Interest Rates? Inflation? Why Should I Care?     179
Life Insurance Is Boring. What Do I Need to Know?     185
What Do I Need to Know about Retirement?     193
What Are My Chances of Getting Social Security?     199
What Is This Pension Crisis I Keep Hearing about, and How Will It Affect My Retirement?     205
Index     213
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