RealMoney's Blog Watch

The blog Blueprint for Financial Prosperity details (and I mean, DETAILS) the minute by minute net worth of "jim" (at my last check, it was $115,365.77). The post I linked to can almost be considered a meta-post in that part of the increase of his net worth last month was due to the blog itself and the advertising he was able to sell on it. Go Jim!

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Also in the category of brutal blog honesty, DehTrader.com details the hardships, both financial and emotional, of trying to day trade.

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Last Saturday was April Fool's Day, so I should've posted this then, but Wikipedia's got the entire lowdown on all the April Fool's jokes that appeared online.

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Here's a great post on "what is a hedge fund."

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The blog Closed-end Funds points out another fund that's set to potentially open via a shareholder vote. When a CEF opens, the discount to its net asset value immediately closes, generating a fairly safe return.

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Maybe Jeff Matthews is not making this up, but he's scaring me.

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Abnormal Returns notes how the frenzy for ethanol has created some equity opportunities.

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The latest update from the Cheap Stocks blog: their list on all profitable companies trading below their net current asset value. Unfortunately, as usual, I own none of them.

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Bob Parsons, the CEO of GoDaddy.com, every now and then has a great post on his blog on what he's learned running his businesses. The latest one is on how to make big ideas happen.

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Interesting

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First he turned $12,000 into $900,000 by day trading when he was a teen-ager. Now he's lowering the fees on his hedge fund from 30% to 20%. It sounds almost too good to be true.

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James Altucher is a managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of Trade Like a Hedge Fund and Trade Like Warren Buffett. At the time of publication, neither Altucher nor his fund had a position in any of the securities mentioned in this column, although positions may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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