Best of Blogs for Week of March 25th

Every Friday afternoon I share some of the more interesting or notable posts that I have seen in the personal finance blogs and other sources for the past week

DQYDJ asks Can You Trust A Roboadvisor With Your Money?

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Rich People Have Half Their Money In Real Estate and Cash

I'm not certain what the common perception of the assets of the wealthy are but I'd think that ownership of stocks is a big part of it.    I think of business ownership as a lot of it.   When you look at the list of richest people in the US you've got Bill Gates, Warren Buffet, the Walton family (Walmart heirs), etc.     Those people own businesses or stock in businesses.  

But on average most of the wealthy in the world aren't heavily invested in stocks or businesses.   Most of the wealthy ($30M+) have their money in real estate and cash as much as anything else.    Bloomberg ran the article Ranks of World's Wealthiest Thin Most Since the Financial Crisis in which we find a pie chart showing the asset mix of the wealthiest.

Half of their money is in :
Primary Residence and second homes = 24%
Real Estate = 11%
Cash = 15%

The other half :
Financial investments = 28%
Personal business 19%
collectibles and precious metal 3%

I'm surprised to see such a high amount in cash at 15%.   Personal housing is also very high at 24%.

I'm not saying its good or bad.   I kind of think its telling that the really rich people have so much in cash and their own housing.    For people that rich to have so much tied up in their own homes doesn't seem so smart.   If you've got $100M and own $25M worth of houses.   That seems like a lot of house.  But then I suppose housing isn't a BAD investment generally.   It usually at least keeps up with inflation (with rare exception like 2007).  

The amount of cash that the wealthy have is also pretty surprising.    If you've got $50M do you really need $7.5M cash balance?     That seems awfully high.    Maybe its a indication the rich are more conservative with their finances.    It could also be skewed by the international mix of the people they looked at.  Maybe if you live in China or France or Brazil then having cash is the smarter way to go.

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Best of Blogs for Week of March 18th

Every Friday afternoon I share some of the more interesting or notable posts that I have seen in the personal finance blogs and other sources for the past week

I agree with MyMoneyBlog that They May Not All Be, But Your Financial Advisor Should Be a Fiduciary

The Big Picture has also written a lot on the Importance of Fiduciary Standard


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5 Large Pizzas for $23.5 at Papa Johns

First get a Groupon for a $25 egift card for Papa Johns for $25 plus 2 pizzas.   That deal will give you the $25 gift card and two promo codes for two pizzas.    Use Ebates  to buy the groupon and you get 6% back for $1.50 cash.  That makes the net cost $23.50

Then use your $25 gift card to order two pizzas using promo code CRAVE2 (expires 3/27) which gives you two pizzas for $7.99 each.   This will use up most of your gift card.   While making this order also enter the FREETHROW (expires 4/4) promo code to get yet another free pizza.

In total you'll have spent $23.50 and end up with 5 large pizzas.    You'll also have about $9 left on that gift card for another order if you want or to use for delivery charges.    Delivery is $4 at least where I live but you can do carry out for free.

To get 5 pizzas : 

1. Go to Ebates  and the follow link to Groupon.
2. At groupon find the Papa Johns deal and buy it
3. Get your $25 egift card for Papa Johns, also get promo codes for 2 pizzas.
4. AT papajohns.com use CRAVE2 to add two pizzas to your shopping card and then add FREETHROW which will give you a one free pizza on your next order use the gift card to pay.

This will give you 2 pizzas now and then 3 more free pizzas for later purchases.

Standard Ebates blurb:To get cash back from Ebates you need to be signed up with Ebates.  Then simply go to Ebates to get the referral to the store before you do your shopping.  I also get a referral bonus if you use my links to sign up with Ebates.   


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