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Market Correction, Web Hosting and Weekend Reading – Sept 12, 2008

Cheap Web Hosting

I’ve been getting a bunch of emails lately from personal finance enthusiasts looking to get started in the blog world and looking for suggestions on a good but cheap web host. I’ve personally tried a bunch of cheaper “shared” web hosting, some good but also quite a few bad ones. From my experience, the best bang for your buck web host that I’ve found is lunarpages. Their regular price / month is $6.95, but for the fall season, they are offering all 12/24 month terms the reduced price of $4.95/mo. This pricing includes a free domain name along with unlimited bandwidth/storage. For the features, reliability, available support and money back guarantee, the current pricing is a steal.

Market Correction

The current market correction has got people squirming in their seats. What’s causing the TSX to slide? A couple factors; global recession fears and crashing commodities prices. What do you do? As I’ve mentioned before, if you are invested for the long term, ignore the markets and stay invested. If you were to chart this “crash” 20 years from now, you would barely notice the dip on the ascending slope. Personally, whenever the market corrects, I follow my stock watch list closely to see if my favorite stocks meet my target buy prices. Come to think about it, maybe the RBS prediction of a global market crash was partially correct?

Weekend Reading

There seemed to be a few blog rebuttals to my “why index funds may not be for you” column, mostly from hardcore indexers. You can find them from:

Consumerism Commentary shows us How to Deal With Unpredictable Income.

Canadian Dream responds to my expenses summary with a comparison to his own expenses in the article “frugal vs frugal.”

The Digerati Life lists 14 Effective Strategies To Leverage A Weak Stock Market.

Cash Money Life writes about The Bottled Water Myth.

Frugal Dad indicates that Half of Us Are Living Paycheck to Paycheck.

Four Pillars reveals the secrets of buying in bulk.

Generation X Finance has an interesting view on Why Everyone Should Keep at Least $30 in Cash on Them at All Times

My Dollar Plan has some advice for Sarah Palin.

The Financial Blogger has a great tax tip for those of you who have small corporations with home offices.  Get the business to “rent” the office space from your home.  That way, it’s a tax deduction for the business, and you get the personal tax deductions from being a landlord.

Lazy Man and Money shows us that Your Home Pays You Back with Reverse Mortgages.

Money Smart Life has some great tips on the art of quitting your day job gracefully.

The Sun’s Financial Diary asks “Is Small-Cap Making a Comeback?

Brip Blap lists how Batman would deal with an uncertain economic future in the article “holy dismal science, batman!

If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).

FT About the author: FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 14 comments… add one }
  • Avatar Four Pillars September 12, 2008, 10:20 am

    I’ve heard good things about lunar pages as well. We have the DH vps and I’m kind of on the fence about it. We’re not really big enough to warrant to a more expensive hosting solution so maybe something like Lunar is an option.

  • FT FrugalTrader September 12, 2008, 10:29 am

    Hey FP! How was the reliability been like for DH vps?

  • Avatar Dividend Growth Investor September 12, 2008, 11:49 am

    I have been buying stocks for several months now as most of my picks tend at depressed prices.
    I missed adding to several of them already however, as they keep increasing in price. Who would have thought that discount stores like Wal-MArt and Family Dollar would do well in this recession?

  • Avatar Cannon_fodder September 12, 2008, 12:14 pm


    I thought that during a recession, the lower end retailers typically do better because people don’t have the money to spend at the more expensive stores. When the economy is humming along really well, the Walmarts tend to lag behind the luxury retailers (Coach, Tiffany’s, Rolls Royce, etc.)

    I’m quite excited at the market potential right now. Some of my Canadian stocks have reached my target prices for purchase and many of the international stocks are below. But China looks like it has plenty of room to drop. One stock I’m following is on its way to its 8th lower close in 11 days during which it has lost over 20%.

    I’m hopeful that the Canadian financials will go through one last plunge before I can invest in them but I may have missed my best opportunity just 2 months ago. Even so, I wouldn’t be surprised that an investment in the Financial subindex in Canada would be up around 40% within 3 years.

  • FT FrugalTrader September 12, 2008, 12:51 pm

    I’m with you CF, during slow economic times, people still need to buy toilet tissue, dish detergent and other home essentials. Walmart is the store that comes to mind as the most cost effective place to buy those household essentials.

  • Avatar Canadian Capitalist September 12, 2008, 1:09 pm

    Thanks for the link! Cheers.

  • Avatar Four Pillars September 12, 2008, 3:00 pm

    The vps isn’t bad but we’ve had a few problems where it can’t handle traffic very well. The problem is that I can’t tell if it was the server or something in the blog.

    One big complaint I have is that you set the amount of memory etc that you want to pay for – it is then burstable to I think 50% more than what you set. If you get a big rush then you might need more than that even but you need to increase the settings manually – unless you are spending all day looking at your traffic then it’s pretty useless. I’d like for them to just increase the memory automatically to suit the traffic.

    Like everything else with blogging – it’s very difficult to properly measure if something is working/worth it or not. :)

  • Avatar Michael James September 12, 2008, 8:14 pm

    Thanks for the mention, FrugalTrader. Have a great weekend!

  • Avatar Scott September 12, 2008, 9:26 pm

    I saw a new item last week that mentioned the Wal-Marts of the world were bustling more than ever. Great. That’s one way to ensure the mass proliferation of sub-par consumer goods across the land. And the standard (and quality) of living continues it’s slide…

    I’ve always said if you are going to go into business, choose either end of the scale: 1) a “McBusiness” that sells a billion widgets a year for $0.50 each, or 2) a “Trumpness” that sells a crazy high-quality, insanely priced widget. Forget the middle.

    1) Like McD’s, the masses will buy your product and you will be wealthy. The bigger the lower-class becomes, the more people there will be to buy your widget. There’s a reason Buffett bought Coke and Gillette.

    2) The ultra-rich are pretty much recession/downturn proof. They will spend the money on what they want regardless of economic conditions. So make something they want and only they can afford, then sell 1 a year.

    Unfortunately, I have no ideas for #1 or #2. Harmonica holster maybe?

  • Avatar MultifolDream$ September 13, 2008, 1:58 am

    For a person who is in his/her early years and starts investing – now is the time. For him/her these market corrections doesn’t matter much.

  • Avatar Patrick September 13, 2008, 2:32 am

    I’m on LunarPages and can attest for their reliability and ease of use. I’v ebeen a happy customer for well over a year and a half now. Thanks for the mention! :)

  • Avatar Mike January 4, 2010, 6:21 pm

    Hey Frugal and Patrick,

    Just wondering if you guys are still using Lunarpages? I noticed in the footer here at MDJ a hosting company called ServInt which I assume FT has switched over to because of increased growth. Just wondering if you could shed a little light to a fellow blogger.

    Thanks and continued success to you!

  • FT FrugalTrader January 4, 2010, 9:08 pm

    Hey Mike!

    Yes, I still have an account with lunarpages, and have installed blogs on them for other bloggers. As you mentioned, MDJ is on servint right now due to increased traffic, but lunar is fine for a smaller site.

  • Avatar Mike January 6, 2010, 1:32 am

    Thanks FT.

    What was the traffic threshold for switching over to servint? Sorry for personal questions. If you want to reply by email, by all means.

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