Coffee heat rising

w00t! 18 grand materializes from the air!

Lordie! Here I’ve been thinking I’d lost about $23,000 in the stock market…. Comes a statement from GDU’s Fidelity retirement plan-the first I’ve seen in a year. It turns out the balance the Fidelity rep gave me over the phone a few weeks ago was wrong. He only gave me the amount in the 401(a) plan. The fund also includes a 403(b) plan, which contains $18,465 more than the amount he said I had.

That means I’ve “only” lost about $4,535 to the bear.

Wow! I’ve never been so pleased with a loss in my life.

3 Comments left on iWeb site:

Mrs. Accountability

That’s wonderful!! Funny how the situation could cause such a paradigm shift

Friday, July 18, 2008 – 09:35 AM

Zhu

Wow, that is so cool!

I’m too chicken for stock market… I saved up a bit but I don’t like the idea of potentially losing money. I mean, I wouldn’t mind your kind of loss though

Friday, July 18, 2008 – 07:00 PM

Funny about Money

In fact, you lose money in the market and you gain it. Over time, you should make more than you lose, if you’ve diversified and invested carefully.

With mutual funds where you’re simply rolling all gains back into the fund by automatically purchasing new shares with gains or buying new shares each month with savings from your paycheck, when the market goes down you stand to earn MORE money, because you buy shares at deflated prices. As the market comes back up, your existing shares plus the shares you bought in the bargain basement make money.

This is most obvious in your 401(k) or 403(b), where you and your employer are plowing money into the funds every payday. It’s hair-raising to get a statement that shows the plan has lost more than you and your employer combined put into it over the quarter…until you realize the contributions are buying lots of shares at reduced prices. When the market comes back to normal, you feel mighty flush.

Moments of Fame

Nicole at The Budgeting Babe e-mailed, while Funny was down, to say the 161st Carnival of Personal Finance is up. She has kindly included Funny’s rumination on the possible financial benefits of moving to a rural setting, especially if you’re less than staggeringly affluent. As usual, the CofPF is huge and full of interesting posts. Check out, for example, this heartfelt reflection from Amanda at Value for Your Life on the decision to make a fundamental change in career plans. Money Blue Book has an amazing discussion of the arcane way in which the number on your credit card is generated. And I enjoyed the speculation, at Can I Get Rich on a Salary, about the strange case of the woman who refused to pay off her credit card debt.

Country Magpie has posted the 72nd Make It from Scratch Carnival. This event includes some amazing recipes, including (believe it or not!) one for latter-day granola and one for making cherry liqueur. The carnival links to some interesting crafts projects, too, possibly the most amazing of which is a scheme to crochet the ubiquitous plastic grocery bags into handbags and clothespin bags. The crazy things look pretty good! They’ll presumably last for the ages, too.

More on Mac

Pete visited yesterday and left a comment on “MacHeadache,” apparently in the wee hours of Tuesday morning (hard to tell, since iWeb has come unstuck in time…it no longer knows what time it really is). I started to respond to his, which only just appeared, in a comment of my own and then realized I was going on at enough length to create a new post.

Here’s what Pete observed:

It does seem supremely lame that Apple migrated you to MobileMe without being sure you had a system that was compatible. I don’t know if .Mac is (was) technically aware on an ongoing basis what version of Mac OS you use, but it stands to reason, and they could have been smart enough not to migrate anyone who would break without warning. I’m not sure what the alternative would be, but they could at least have given you a chance to migrate elsewhere if you needed to.

But the rest of this stuff? Having a computer is just about the opposite of simplicity and frugality. In fact, to achieve anything resembling computing peace of mind, simplicity and frugality need to go right out the window. Here are a couple of examples:

Broadband would make those system updates download in a reasonable amount of time. Windows wouldn’t be any better in this respect. For that matter, neither would Linux. All the major operating systems are pushing big updates out to the installed base on a regular basis.

Panther is two major versions of the operating system behind. I realize you’re not the sort who gets jollies from a computer for its own sake, and that’s fine, but in general you would experience fewer crises of this magnitude if you were to keep up with the Joneses. Running Panther today is like running Windows 2000.

As far as iWeb goes, well, given that you’re aware of its limitations, I’m not sure why you torture yourself with it when there are so many free blog publishing solutions out there on the web

My response:

Functionality! Pete, yours is the first comment that has posted in over a week. Yesterday, if you had hit the “Add Comments” link, you would have seen an ad for MobileMe

I downloaded all the most current software, for which I had to pay at a time that was WILDLY inconvenient for me. Even though the Apple store’s manager gave me a 50% discount (turns out that’s fairly common-others have had the same experience), it still put my budget, which had barely recovered from the staggering expense of caring for a dying pet, back in the red. Eventually I would have bought the most recent OS, but when I could afford it, not when Apple ordered me to.

Yes, I know DSL is slower than broadband. I can’t afford broadband. In these parts it’s expensive, and I work for a university…by definition that means you don’t earn much unless you’re a football coach, a full bull in business or engineering, or an upper-level administrator. The cheapest cell phone I could get from Qwest — which I subscribed to only because pay phones are a thing of the past and I have to commute on a freeway that takes me a long, long way from home and from the car mechanic — is a stretch for me. I miss having a phone bill that is not a stinging hit each month.

All the rest of my software is up-to-date. The package that includes iWeb, called iLife, is the 2008 edition. I have followed all of the instructions sent by Apple’s support team. My son, who is a great deal more techie than I am, has also tried to make the system work. So far, nothing has succeeded

That you were able to post a comment suggests some functionality may be returning. However, it remains true that iWeb, while it has some attractive features, doesn’t have the interesting features supported by WordPress. I should be able to enter a StumbleUpon button, I should be able to subscribe to Feedburner, I should be able to register with Technorati, I should be able to register with Google, I should be able to ping other blogs. None of these things appear to be possible with iWeb.

I started Funny about Money in iWeb because I had never done a blog before and I doubted much would come of this one. Apple touted its user-friendly simplicity, and it looked like a way to play at blogging without having to put out much effort. I was already paying for Mac.com, which provided an extra e-mail account and which alleged (wrongly, I’m now told) to provide off-site storage space for Quicken backups. Since I didn’t expect Funny would go anywhere, I figured it wasn’t worth the learning curve involved in developing a website on more serious blogging software.

Now I figure Funny does have the potential to draw readers, and it’s kind of taken on a proverbial life of its own. Had I known it could be even mildly successful, I would have started the blog in WordPress, following Jim’s very cogent advice at Blueprint for Financial Prosperity.

It’s way past time to move Funny to WordPress. It’s going to lose most of its archive, but frankly, little of that is worth storing for the electronic ages. I’ll migrate the key posts first and then the ones I think are the best I’ve done so far. With any luck, once I get the blog on the new platform it will be even better and will have more opportunities to find new readers.

LOL! Yes, computers are the opposite of simplicity and frugality! But they are a part of our daily life. Just as you can’t get by without a cell phone, you can’t live a fully engaged life in America (or the world) today without a computer system and an online connection. It’s just the way things are.

Update: Blog migration project

Between you and me and the lamp-post, I spent most of yesterday fiddling with computers instead of working for the taxpayer. The project to learn WordPress and move Funny over there is coming right along, and in theory I could claim it’s sorta like work, because my EA (editorial assistant, a.k.a. her Sanchita Panza to my Doña Quixote) and I have conceived the idea of creating a blog for our office on the university’s intranet, which happens to use…yes! WordPress! So it’s all stewing together in the same pot

Worked…played…whatever I was doing until after midnight; then up at 5:00 a.m. for the usual round of chores and racing out the door. Labored like Sancho’s mule! But I learned a lot, figured out which posts to copy into WordPress, learned how to insert images (not as easy as it looks), found out some strange things, learned some HTML code (d’you know how long it’s been since I took an HTML class and decided I just didn’t want to know that?), and actually read an entire learned article on feminist epistemology for Our Beloved Employer.

WordPress is so, soooo different from iWeb. If only all the kewl things about each could be amalgamated into one fantastic blogging program. It is, for example, extremely cool that in iWeb you can drag & drop or copy-and-paste Sancho there into your page and he will appear online as he appears in iWeb. But it is also extremely cool that in WordPress you can type in a caption and voilà! the cutline appears below the image, unlike the one I just built in a textbox, which could appear…oh, just about anywhere on this page. We shall see after I (don’t) post it to the Web.

How kewl is it, though, that WordPress works with LaTex? OMG!!!

Apple sent out a groveling e-mail to its paying customers, promising that things are now so much better. Dollahs to donuts when I hit publish I will again be told that iWeb failed to publish, and again a visible but static page will appear online

The new young guru in my building at GDU, BTW, is an Apple acolyte (is that an Applyte?). He was surprised that I had managed to change the language for my Dell laptop’s log-in routine to Arabic. I suggested it was a terrorist plot to blow up GDU’s president, the Raven. He said, “Nevermore!” After some fretting around, we figured out the best way to approach the Arabic invasion was to crash the system, duck for cover, and then reboot. It worked. One shock treatment and Dell speaks English again.

At any rate, the kid couldn’t understand why I would feel any sense of dismay toward the beloved Apple. I offered to pay him to untangle the mess MobileMe has made of my system. He ducked for cover again

In another few days, I hope to complete the iWeb-to-Wordpress migration. Annoyingly enough, our office is getting some work in-house, dead of summer or no, and on the side I’ve fallen behind on a client’s project, so I will be reduced to working for pay. But as soon as the switchover is done, you should be able (I hope) to access it at a funny-about-money.com URL. I do hope.

Carnival of Money Stories

What’s a story?

Journalists call any article a “story,” and so in newspapers and magazines you’ll see how-to pieces and 10-tips-for-catching-a-man lists described as stories. But these are not, strictly speaking, stories in the sense that the Carnival of Money stories intends.

A story describes something that happened, an action. The action may be internal — a psychological event, for example — or it may be external, something that goes on between two or more people, or between one or more people and a force of nature. It usually involves some sort of conflict, which likewise may be psychological or physical. These principles apply to nonfiction as well as fiction stories.

One effective way to talk about story is to conceive it as a journey. Christopher Vogler described this line of thought in The Writer’s Journey: Mythic Structure for Storytellers and Screenwriters. Taking a Jungian tack, he explains how the most lasting and successful stories in every human culture can be seen in terms of journeys: from one place to another, from one social status to another, from predicament to resolution, from one state of mind to another. The story is probably our most powerful form of communication. Story allows us to transmit cultural values and personal truths in ways that engage and that are remembered. It leads each of us to think through those values and consider how they apply to our own lives and times.

Personal Finance Stories

Personal finance concepts and facts can be told in story form, too, with great profit. That’s why a story such as Herman Melville’s “Bartleby the Scrivener” still speaks to us. A story need not be a piece of fiction: the structure of story also applies in nonfiction. What we’re looking for here is not a list or a how-to or a pointer to some handy new PF tool. It’s the tale, the struggle, the path to enlightenment-all classic elements of each individual’s personal finance journey.

Many submissions to this week’s carnival, though very good, were reports, how-to’s, pointers, or opinion pieces rather than stories in the desired sense. Below are the posts that actually fell under the heading of story. Editor’s Picks are marked with a red asterisk.

The Financial Journey

Dividends4Life
Dividends4Life
Progress Update: June 2008

* Benjamin
Trees Full of Money
The Story of My Day Trading Addiction

Nadeg
Fabulous Finances
The Actions I Took that Created My Financial Peak

* Silicon Valley Blogger
The Digerati Life
Making Money through Day Trading: The Secret Lives of Stay-at-Home Mommy Speculators

The Debt Defier
The Happy Rock
How Did This Happen? The Path Back into Financial Trouble

GBlogger
Can I Get Rich on a Salary?
Success Stories: Retired at Age 43 with nearly $2,000,000

Heather Allen
The Debt-Free Playbook Blog
Life’s More Than Debt

Todd
Harvesting Dollar
The Benefits of Working at a Fast-Food Restaurant

Passive Income Investor
Living off Dividends and Passive Income
Monthly Passive Income Finally Breaks the $3,000 Barrier!

Earning It

Mrs. Accountability
Out of Debt Again
Is It the Law of Attraction? Or Just Wishful Thinking?

Wanda Grindstaff
Creating Abundant Lifestyles
Retirement or Lifestyle-It Is Your Choice

* Amanda Milne
Value for Your Life
When Career Plans Change

Tiffanie
We Like Money
IRA’s: What’s the Deal

Spending It

* Jim
Blueprint for Financial Prosperity
Test-Drove the Toyota Prius

Dorian Wales
The Personal Financier
How Shopping for Groceries Online Can Save You Money As Well As Time

Kyle
Amateur Asset Allocator
My Personal Finance Confession

Single Guy Money
Single Guy Money
My Health Plan Costs Are About to Increase

The Way Things Are

FMF
Free Money Finance
The Other America

vh
Funny about Money
Good Ole’ Boys

Be This Way
Are You Going to Be This Way the Rest of the Time I Know You?
What You Can Expect from the New à la Carte Airlines

Ain’t It the Truth Department

* Finance Girl
Finance Gets Personal
For Me, Spending Leads to More Spending

Ray
Money Blue Book
My Not-So-Stimulating Economic Stimulus Payment Has Finally Arrived

Broke Grad Student
Broke Grad Student
6 Reasons Why I Hate Cash

Funny about Money has never regained the functionality lost in Apple’s much-ballyhooed migration from Mac.com to MobileMe. Consequently you can’t leave comments on this or any other post. I hope you enjoy the many excellent entries in this week’s carnival, and thank you all for participating.

An open letter to Steve Jobs

Okay, Apple has just about won. I’m in tears and I’m ready to give up. Why on earth would you do this to your customers?

When you made your great migration from Mac.com to MobileMe, you trashed my blog, which is something I write to every day and which gets about 1000 hits a month. Some posts get four times that many hits in a day. Not that it’s the end of the world, of course, I mean it’s not an earthquake in China, so I guess we have to keep this in perspective, but it’s still making me cry.

After spending the ENTIRE FLICKING DAY dorking around at the Apple store yesterday, buying an OS upgrade that I didn’t need or want, and waiting OVER EIGHT HOURS for the seven required downloads to happen, I STILL can’t publish through iWeb. Every time I hit publish, I get the “error in publishing” message. It publishes the post I’m trying to put up, but it won’t let anyone post comments. When you click “add a comment,” you get that GD “Welcome to Mobile ME” screen. So my readers get an ad for your new service, not an opportunity to comment on my posts. Thank you so very, very much.

More recent posts don’t even show the “add comment” link.

The internal links are corrupted, especially in the “Archives” section.

I have been run around Robin Hood’s barn by your people. The staff at the Biltmore don’t even bother to answer the phone. I got through to someone at Chandler-it would consume half a tank of $4.30/gallon gasoline for me to drive to Chandler!!!!!!!-and she made an appointment for me at the Biltmore, dropping me into a madhouse of frenzied consumers who feel they can’t live without your latest toy and who must have it right this minute. She also erred in saying that since I wanted my money back for the mac.com subscription I now can’t use (it won’t accept my Quicken backups, either) Apple would upgrade my computer for free. Ohhh nooooo! Not at all! So I got a good gouge at a moment when I am so broke I can barely afford to buy groceries. Your manager gave me a 50% discount, but 50% of “I can’t afford it” is still “I can’t afford it.” Thank you thank you thank you.

You have lots of instructions on your MobileMe site. Most of them are incomprehensible — I haven’t the faintest idea what they’re talking about. After pondering through several pages, I realized that nothing there seemed to apply to the problem. I was told that after I finished jumping through yesterday’s endless flaming hoops, my system would work. Period. “Plug and Play.”

Can you fix my iWeb? If you can’t, will you please be truthful about it? If this can’t be fixed and I have to close my site, I want a refund of the hundred bucks you “automatically” charged to my credit card for Mac.com a month ago.

While my computer will still publish (barely), I’m posting this complaint on my blog. May 7,000 people read it and copy it to their blogs! May StumbleUpon, De.lici.ous, and Digg all pick it up at once!

Kindly tell me, in words that I can understand, what I need to do to get iWeb to publish in your user-unfriendly new environment and how I can get my Quicken to back up to your unreachable new servers.
* * *

To my readers–

Well, my friends, it’s beginning to look very unlikely that my computer will ever regain enough functionality for me to continue this blog. Tomorrow I will try to post the Carnival of Money Stories, and I guess after that it’s good-bye.

It was fun while it lasted. Best wishes to you all!