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Pain of chasing Warren Buffett, second chance CEOs & 7 wise tax moves to make in January - Today in Money 1/13

In the News:

The Pain of Chasing Warren Buffett

The Oracle of Omaha is one of the greatest investors of all time. Many investors follow his words of wisdom and tires to invest like Warren does. If you tried to do that in 2008 you would be down sharply. See how his investments fared last year after he bought.
http://www.247wallst.com/2009/01/the-pain-of-cha.html

Banks Get Stinger With Reward Card Rewards

Banks have dangled such rewards as cash and airline tickets since the 1980s to encourage consumers to charge more, and more often, to their credit cards. Through the years, benefits have become more generous and more outlandish (think concert tickets and space flights) as banks competed for consumers' dollars. But now, struggling to pay their own bills, some banks are retrenching.
http://www.usatoday.com/money/perfi/credit/2009-01-12-banks-credit-card-rewards_N.htm

Second Chance CEOs
These chief executives have stepped up to lead the same company more than once. See why they left, why they came back, and how they fared. Some such as Steve Jobs and Charles Schwalb got raves for their second turn at running the company. Other executives like Jerry Yang, Howard Schultz and Michael Dell faced many challenges. http://images.businessweek.com/ss/07/02/0202_comebacks/index_01.htm?technology+slideshows

Richest People You've Never Heard Of

Meet the not-so-famous people behind some of the biggest fortunes on earth. People like Kjeld Kirk Kristiansen. If you liked building things as a child, there's a good chance you'll recognize his family's business. Kristiansen's grandfather founded Lego in 1932. The company's success through the years have helped Kristiansen's net worth rise through the years to $6.5 billion (as of last March).
http://www.forbes.com/businessbillionaires/2009/01/12/billionaires-bechtel-biz-billies-cx_af_0112unknownbillies.html

Pink Slip Flamingos? Zoos Hit By Downturn

Even porcupines could get pink slips in the slumping economy as states consider cutting or eliminating funding that supports zoos, aquariums and botanical gardens.
http://www.cnbc.com/id/28633860

Save Big Bucks on Reconditioned Items

You can purchase state-of-the-art televisions, MP3 players, computers, stand mixers, applianced and hundreds of other products at jaw-dropping discounts. What's the catch? Look for factory reconditioned or refurbished items, which offer deals at a fraction of retail value. Here is what you need to know before you save that small fortune on these refurbished goods.
http://www.bankrate.com/brm/news/cheap/20090113-save-on-reconditioned-items-a1.asp

7 Wise Tax Moves to Make in January
Some people are wary of making any tax moves this month because President-elect Barack Obama and Congress are working on a stimulus package with new tax provisions -- but don't let the uncertainty confuse you. Here are seven steps you can and should take this month.
http://www.marketwatch.com/news/story/Seven-steps-get-a-jump/story.aspx?guid=%7B2E0DF928%2D5F52%2D4DDD%2D9E91%2DC20B85CA405E%7D

5 Ways to Cut Your Drug Costs
The cost to fill prescriptions can quickly turn into a financial burden, especially when budgets are tight.
http://www.smartmoney.com/Personal-Finance/Health-Care/5-Ways-to-Cut-Drug-Costs/

Spies in Your Mobile Phone

Mobile phones can provide a gold mine of data to marketers. The devices can pinpoint where a person is at any given time and trace any travels during the day. Mobile phones can also relay what kinds of restaurants a person looks for on her phone or which headlines are being read. Consumer advocacy groups argue that mobile marketers are collecting personal data without enough disclosure.
http://www.businessweek.com/technology/content/jan2009/tc20090112_390493.htm?campaign_id=twxa

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Last updated: November 26, 2009: 11:20 AM

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