Friday, July 29, 2005

Money and Investing

I wish I knew something, anything about investing. It seems like the sort of thing my obsessive type-A personality would take a liking to, you know, needing to learn everything about it, but it just seems too huge, too big to learn enough about to be anything close to profitable. Everytime I start trying to learn about investing I get confused and all wrapped up in the variables, not to mention the unfamiliar jargon.

The first personal finance website to ever be a real help to me was The Motley Fools. Following that I got really into savings, acquiring first a credit union savings account, then moving on to an ING Direct savings account (the rates of which were recently bumped up to 3.15%). I also locked myself into two relatively low-yielding CD's through the same company, which was a poor move.

I just wish I knew more. I suppose everyone does. But I wish I knew enough to invest in actual companies, not just some Momma Mutual Funds.

Anyway. So that I can track my net worth all the way up until the time I'm a billionaire, I've found Yodlee.com, a site to which you give all of your different accounts so that it can track them daily and tell you precisely how much money you have, how much money you are spending, and how much money you owe. Fantastic! There is no better, more efficient way to be obsessive compulsive -- other than keeping a blog, that is.

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