Another Great List of Personal Finance Blogs

There have been a couple of great listing of PF Blogs recently, and another one has appeared, this time from Hustler $$$ Blog. It's a listing of many personal finance blogs that have been around for a while, and grades the 'Graduating Class of 2007' according to their posting frequency and popularity. I only got a "C" grade (and only came in at #29 in that category), but the grading seems fair based on it's popularity (links, RSS readers and monthly visits). I'm quite happy as long as someone (anyone) is reading my posts, and hopefully getting some useful information occasionally.

Copyright Enough Wealth 2007

Best Saving Account for Children

I'm always keeping and eye out for what savings and investments are best for DS1 and DS2. I recently learned that the BankWest Kid's Bonus Saver Account is paying 10% interest on the entire balance, provided they make a deposit in the month of between $25 and $250 and no withdrawals. The Kid's Bonus Saver Account has to be linked to a BankWest Children's Saving Account, but this account has no fees and no minimum balance. The account is designed for the specific benefit of the child but it must be opened and operated by an adult. These accounts are only available for children up to the age of 15 - when they reach 15 they'll be automatically converted to the Teen Scheme account. The Children's Saving Account provides online access, and you can make Direct Credits into the account. The interest rate on the Children's account is still a reasonable 3.25% on balances between $0 and $5000, but you'd want to keep most of the money in the kid's account and just accumulate enough in the Children's Saving Account to be able to make a $25 deposit in the linked Kid's Bonus Saver Account each month.

Copyright Enough Wealth 2007

Hedge Fund Tanks, Money goes Missing

The unit price (for the end of August) just got released for the Macquarie Equinox Fund (which I invested $50,000 in last year at an issue price of $1.00 per unit). The price dropped from around $1.13 at the end of July to around $1.05 for the end of August. However, given the market volatility in August this is hardly surprising, and the unit price may bounce back this month. It's funny how many hedge funds have turned out to be more correlated with the stock market that most people believed, and that they failed to benefit from increased market volatility.

I also received a statement regarding a distribution of $2,570 that was paid out on 19th September. The only problem is that I haven't seen this amount appear in my regular bank accounts. I can't remember if I nominated one of my online savings accounts for distributions, so I'll have to log in to all my accounts and try to find out where the money has gone.

Copyright Enough Wealth 2007

Blogging My Way to Fame and Fortune

It's been an eventful week in Blogland. The Money Editor at news.com.au is writing an article about how the web is changing the way people deal with money and has requested an interview (she emailed me via my NetWorthIQ page). I've agreed to answer questions that will be emailed to me on Monday - it will be interesting to see what the questions are. I've no idea what sort of mention I'll end up getting in the article, but as news.com.au has an alexa rank around 780 so a mention of enoughwealth.com would be nice.

On the financial side, EnoughWealth.com got it's first "real" sponsor this week - I'm getting paid for displaying a text ad for 12 months. It's not a huge amount, but at least it's genuinely passive income - up to now the only worthwhile revenue from blogging has come from PayPerPost paid posts.

Copyright Enough Wealth 2007