Five Cent Nickel

Written by a man who has been meticulously recording his finances since 1997 (stored in Quicken), Five Cent Nickel is one of the oldest and most respected blogs around. This blog often provides great commentary on—and summaries of—useful financial tips featured by other publications. If you’re too lazy to read every little money article out there, just stop by Five Cent Nickel and get the cream of the crop.

Latest Posts from Five Cent Nickel (page 159)

Helping Your Parents With Their Finances

Unless you’re careful, mixing family and finances can be a recipe for trouble. For example, lending money to family members is a great way to ruin relationships. Another challenging area is when your parents find themselves in a financial mess, and you feel compelled to step in and offer guidance. How do you help with a nest egg that got hammered over the past year? […]

First Lending Club Loan Payments Received

This is just a quick update to say that I’ve received the initial payment on four of the forty Lending Club loans in which I’ve invested. […]

Best Online Brokers: SmartMoney’s Picks for 2009

Not quite a year ago, I highlighted SmartMoney’s rating of the best online brokers. Today, I thought I’d take a closer look at the results of their 2009 survey. As you skim through the list (reproduced below), you’ll notice that it’s quite similar to last year’s version. There are, however, some differences. […]

Weekly Roundup – First Day of Summer Edition

I debated about calling this one the “Father’s Day Edition,” but decided to go with the “First Day of Summer Edition” because: (1) today is, in fact, the first day of summer here in the Northern Hemisphere, and (2) I totally forgot this little factoid until this evening and figured that I wasn’t alone. […]

Converting Mutual Funds Into Exchange Traded Funds (ETFs) Without Incurring Taxes

Did you know that you can convert directly from mutual funds to exchange traded funds (ETFs) without incurring taxes? I didn’t. I’ve been operating under the impression that selling the mutual fund shares would be a taxable event. […]

Index Mutual Funds vs. Exchange Traded Funds (ETFs)

As a followup to yesterday’s post about mutual funds, I thought I’d talk today about the merits of exchange traded funds (ETFs) vs. low cost index funds. Which is a better choice and why? What are index mutual funds? Index mutual funds are simply mutual funds that track a market index such as the S&P 500, Wilshire 5000, or Barclays US Aggregate Bond Index. […]

What is a Mutual Fund?

The term “mutual fund” is so widely used in investing circles that few people ever bother to define it. That’s all well and good if you’re “in the know,” but it can be problematic if you’re not. […]

Appealing Our Property Tax Assessment (Again)

In what is rapidly becoming an annual rite of passage, I just appealed our property tax assessment. For those that aren’t aware, I did this a year ago in response to an unreasonable jump in the “value” of our house following a renovation, and we got a quick reduction in our assessment. This time around, the slow real estate market resulted in a year-over-year decrease of about 4%. […]

Benefits of Homemade Household Cleaners

Have you ever considered making your own household cleaning products? It’s actually pretty easy to do, and the results can be quite good. But is it worth the trouble? As with many do-it-yourself projects, there’s a tendency to focus on cost when deciding whether or not to make your own cleaning products. […]

Joint or Separate Finances?

Should married couples combine their finances? Or should they keep them separate? This is a bit of a financial hot potato, with strong supporters on both sides of the aisle. […]