Weekly Roundup - June 15, 2013
This has been a great week. With the recent additions to my portfolio, the invested value of my FI Portfolio crossed the $110k mark but we'll see what Mr. Market does to keep it above that level. But the best part about this week is that this job is over now. It's going to be a pain driving all the way home, hopefully almost straight through, but it'll definitely be worth it. We're having a BBQ with friends today so hopefully the weather will be nice and I'll be home in time for it.
I also wanted to share this article in case you didn't see it: Asleep on the job: Banker's nap Costs Millions. Essentially an employee at a bank in Germany fell asleep while in the process of typing in a funds transfer for a customer. The employee then fell asleep and instead of typing 62.40 Euros typed in 222,222,222.222 Euros. For us non-Europeans that's $295 million instead of $82.80. Um...that's a bit of a difference and apparently the clerk then woke up and didn't even check and just hit submit or ok or transfer or whatever it is their system says to approve the exchange. The thing that really bothers me is that the error wasn't caught and the supervisor only has "3 seconds" to check each transaction. In the end the supervisor was fired but the courts decided that she should have been just warned and not fired and was duly reinstated. How does someone not get fired for that?
Thanks again for everyone that mentioned Passive Income Pursuit this past week. I truly appreciate it.
Now on to some link love of my own.
The Funny Thing About Time on The College Investor
Consumer Staples: A Great Source of Dividends by Get Financially Integrated
Why it's better to invest in growth stocks over dividend stocks for younger investors by Financial Samurai
ExxonMobil (XOM) Dividend Stock Analysis by My Financial Independence Journey
Cracker Barrel Stock Analysis by Dividend Growth Stock Investing
Happily Losing $13,000 by 1500 Days to Freedom
Why you need to start investing when you're young by Retire by 40
Income/Expenses May 2013 by Dividend Mantra
Forces - Saving Money by Brick By Brick Investing
Things I would never do: Raid my 401k to buy property by Frugal Rules
Are performance comparisons to S&P 500 necessary for dividend growth investors by Dividend Growth Investor
I also wanted to share this article in case you didn't see it: Asleep on the job: Banker's nap Costs Millions. Essentially an employee at a bank in Germany fell asleep while in the process of typing in a funds transfer for a customer. The employee then fell asleep and instead of typing 62.40 Euros typed in 222,222,222.222 Euros. For us non-Europeans that's $295 million instead of $82.80. Um...that's a bit of a difference and apparently the clerk then woke up and didn't even check and just hit submit or ok or transfer or whatever it is their system says to approve the exchange. The thing that really bothers me is that the error wasn't caught and the supervisor only has "3 seconds" to check each transaction. In the end the supervisor was fired but the courts decided that she should have been just warned and not fired and was duly reinstated. How does someone not get fired for that?
Thanks again for everyone that mentioned Passive Income Pursuit this past week. I truly appreciate it.
Now on to some link love of my own.
The Funny Thing About Time on The College Investor
Consumer Staples: A Great Source of Dividends by Get Financially Integrated
Why it's better to invest in growth stocks over dividend stocks for younger investors by Financial Samurai
ExxonMobil (XOM) Dividend Stock Analysis by My Financial Independence Journey
Cracker Barrel Stock Analysis by Dividend Growth Stock Investing
Happily Losing $13,000 by 1500 Days to Freedom
Why you need to start investing when you're young by Retire by 40
Income/Expenses May 2013 by Dividend Mantra
Forces - Saving Money by Brick By Brick Investing
Things I would never do: Raid my 401k to buy property by Frugal Rules
Are performance comparisons to S&P 500 necessary for dividend growth investors by Dividend Growth Investor
Thanks for the mention!. Nice work on the milestone for your portfolio!!
ReplyDeleteThanks for the mention. I wish the bank would make a $200 error in my favor.
ReplyDeleteMyFIJ,
DeleteThey never make an error in my favor either. And I'm sure if they did they would then charge a penalty fee.
Pursuit,
ReplyDeleteI was extremely busy this weekend. Didn't get to stop by, so just wanted to say thanks for mentioning me. Hopefully the BBQ was great and you had some nice weather for it! :)
Best wishes.