Andrew Lahde
Did you hear about Andrew Lahde? He was a hedge fund manager until about two weeks ago. His fund was only a year old and returned 866%. He bet against the sub prime collapse. And now he’s calling it quits.
Obviously, it’s nothing that any of us can repeat, but there is an incredible lesson: walk away when you are on top. Here is his rather unusual goodbye letter [1].
Tax Debate
When I asked Do You Report All Your Income? [2] I had no idea that so many of you were so passionate about not paying taxes! Check out the comments [3] for a very interesting debate.
A couple links from the comments that you might find interesting:
- Extreme Personal Finance: America on $10 a Day [4]. A story of a man who lives below the federal income tax level just so that he can refuse to pay tax for war.
- Income Tax: Voluntary or Mandatory? [5] “for people who find the arguments sufficiently persuasive or tempting that they are actually thinking of ceasing to pay taxes.â€
More on taxes:
- Joe the Plumber’s taxes [6]
- $250,000-plus and taxed to high heaven [7]
- Barack Obama vs John McCain – What Will They Do With Your Money? [8]
Announcements
The $50 Sign Up Bonus from TradeKing [9] has been extended until November 30. In addition, TradeKing is offering free investment webinars [10].
Great news for Canadian readers. Here’s a rundown of companies offering the Upcoming Tax Free Savings Accounts (TFSA) [11].
By the Numbers
- Set Aside $1,000 in an Emergency Fund. Now [12]
- 8 Tips For First Time Home Buyers Entering This Real Estate Market [13]
- Seven Unique Side Hustles To Keep Your Family Finances Afloat [14]
- The Return of Layaway in 8 weeks [15]
- Make Your Own Seasoning Blends: 7 Unique Recipes [16]
- 20 Hidden Ways Your Stuff Screws You Over [17]
- Five Ways to Save on Funeral Costs [18]
- The math hurts: 8% [19]
- Five Questions I Ask Myself Before Making a Purchase [20]
- 50 Financial Skills Every Person Needs To Know [21]