I was unable to write a post this week due to some unplanned work that came up and took up all my time. This is likely to go on for this month, but I think I will be able to write during the month, though probably not the 6 posts in the week.
That said, I was able to read a little bit and here are 7 good links for your weekend reading. First, RRK does a cost comparison between ULIPs and mutual funds and finds that in some cases mutual fund costs can be higher than ULIPs.
I’ve spent some time going through this but haven’t even fully understood the ULIP costs. Even then, at this point I think it’s fair for me to concede that my notion that all ULIPs are terribly expensive is not true and while I still don’t see any value in owning them, after looking at this post I won’t be dismissing all of them with a shrug like I used to. Please read the comparison and tell me if I’m missing anything.
The big story in the coming weeks is going to be the Facebook IPO and here’s a good article on it in the WSJ.
Prof. Jayanth Varma writes about disclosing risks, and wonders if it wouldn’t be better to have this simple fact disclosed in all IPO documents.
Numerous studies covering many different countries have shown that over the long term, initial public offerings tend to underperform the rest of the stock market. Subscribing to these offerings can therefore be injurious to your wealth.
Digital Inspiration has an interesting post on how you really have 3 Facebook passwords and how Facebook allows 3 variations of your passwords to be accepted.
An unexpected story about rich Americans giving up their citizenship to avoid the taxman.
Berkshire Hathaway’s first quarter profits double.
Finally, the reviews of this men’s hair removal cream are the funniest thing I’ve read in quite some time!
Enjoy your weekend!