AskRoss recommends the best personal finance blogs – July 30, 2011

Most bloggers go through an initial phase where they write reams of content, but actually have a very small audience. The hope is one day their site will become “sticky”, and a regular, faithful readership will evolve over time. That’s the nature of the beast. However, it can mean that some of our best stuff never really sees the light of day.

So for the Best of the Rest feature in my blog, I decided from now on I would not limit myself simply to sharing brand new articles from the previous week. If I stumble upon something good, I will include that in my weekly round up – regardless of its age.

So without further adieu, here is some good stuff.

Michael James on Money wrote a very practical piece on the follies of investing in penny stocks.

In my first life I was a stockbroker, it always amazed me how even the most stodgy and conservative of my clients got excited by the prospect of hitting a home run on some penny stock tip or other. I still see this happening to this day.

Canadian Business wrote a thought provoking article on why renting your home can be financially superior to home ownership.

It is longer than a typical blog entry, but well written and informative. As a confirmed home ownership buff, it was interesting to read some well reasoned counter arguments.

Sustainable Personal Finance wrote a good piece about why Netflix sucks in Canada.

I figured that out for myself when they first opened their doors for business not so long ago, but I am sure there are thousands of Canadians blindly subscribing to this (currently) very mediocre service. It is NOTHING LIKE the Netflix services offered in the USA.

My University Money is on a personal crusade to improve the financial literacy of today’s youth. He is a high school teacher who includes teaching personal finance in high school.

This is a subject near and dear to my heart. I have several kids all old enough to be money savvy, and I speak often with they and their friends. Society does them a disservice today in terms of not preparing them properly for the real world.

Expect this to be a hot topic in the months ahead. Gail Vaz-Oxlade is coming out with a new e-book on financial literacy for children, and I would not be surprised if David Chilton’s upcoming new book also has a segment in there on this hugely important topic.

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