Wed 13 Dec 2006
Review of 100 Bloggers
Posted by RichSlick under Book Reviews
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I ran across a blog which listed 100 Top Bloggers and I figured this might be a good opportunity to find some good content. I clicked on each blog and glanced at the headlines and a few articles for each blog. I categorized each blog into one of six categories (eight actually because of two rogue blogs) which were:
Frugalists - Bloggers who primarily write about saving money, clipping coupons, getting free products/services, etc.
Headliners - Bloggers who primarily “borrow” news headlines and blog about the headline/article.
Debtors - Bloggers who primarily blog about their debt and journey to escape debt hell.
Finance 101 - Bloggers who blog about general and basic finance topics
Capitalist Level 1 - Bloggers who have moved beyond frugalism, debt, and finance 101 and now focus on earning money (usually credit card arbitrage, opening bank accounts bonuses, prosper lending, investing in mutual funds, etc.)
Capitalist Level 2 - Bloggers after serious money with interesting, innovative, aggressive and/or conservative investments (real estate, option/equity traders, dividends, commodities, etc). I consider at least 25k in play the starting level for this group but there can be exceptions.
As I went through I put each blog into one of these categories but there were a couple that didn’t fit such as Pfblogs.org and one blog dedicated to credit card blogging which didn’t quite fit. I created this chart in Excel to illustrate the breakdown.
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As the chart illustrates, there were:
3 - Level 2 Capitalist blogs
9 - Level 1 Capitalist blogs
51 - Finance 101 Blogs
11 - Frugalist Blogs
8 - Headliner Blogs
11 - Debtor Blogs
1 - Credit Blog and 1 aggregator
The list actually contained 95 blogs not 100.
The first thing that popped into my mind as I saw the result was the famous “bell curve” and my goal wasn’t to do graphs or charts to illustrate that point - I was simply trying to find Level 2 Capitalist bloggers.
If you take the headliners, frugalists and finance 101 bloggers and lump them together you get a perfect 70 which represents 73.68% of the group. This was totally unintentional on my part!
Research often shows that like minded people tend to want to group with each other and perhaps my unscientific review illustrates that point but I did happen to find a few blogs that I did like and I’ll review them more thoroughly before adding them to my Capitalist Blogroll.
By the way….which would YOU consider the “A” students, the “B” students, the “C” students and the “D” students?











December 13th, 2006 at 10:20 pm
I’m pretty sure you didn’t come across my blog in that top 100 if it’s the 100 that I’m thinking about. I tend to invest on Prosper bit. My average loan is over 23% which I think is pretty aggressive.
I think I earn a better rate that dividends even after the tax differences. I also have a real estate investment property. That feels like I’m Capitalist 2.
I also post how I save money buying razors on eBay… maybe I’m a frugalist.
Today, I had a headline post on how much the average Goldman employee gets this year… maybe I’m turning into a headliner.
Often times, I would say I write about Finance 101 and why I’m doing what I’m doing.
The only thing that I’m not is a debt blogger. I choose to have the debt that I have and it’s good debt.
I guess I can’t figure out what I am.
December 14th, 2006 at 8:45 am
The key would be how FREQUENTLY you write about a specific topic. If every other post is “I saved $10 by clipping a coupon” and “I got two free movie tickets by…” then, IMHO, you are a frugalist. (Some blogs even had the word frugal in their title!)
Some of the headliner blogs “borrowed” headlines almost every post or every other post.
This is totally unscientific and there will be exceptions or perhaps minor categorization errors but overall I think it was fair.
I just glanced the last 9 headlines for your blog:
Goldman Sachs - Headliner
Emotional Spending - General Finance (101)
Monday Morning - General Finance
Carnival - General Finance
Prosper - Capitalist Level 1
Welcome Five Cent - General Finance
Energi Gal - General Finance
Risky Investment - Capitalist Level 1
Best Financial Gift - General Finance
So in my unscientific review of your blog, I came up with 6 general finance topics (67%), 1 headliner (11%), a couple of Capitalist Level 1 posts (22%). I likely would have classified you as Finance 101 if you had been in the list. Just checked and you weren’t on the list.
Is this classification fair in your opinion?
You could review GetRichSlick.com and perhaps come to a similar conclusion but I do have a whole other website dedicated to trading techniques using ETF Covered Calls (www.etfcoveredcalls.com) (I consider Level 2).
If I had the time (and will eventually) I would create a currency trading website too. I might add a commodities site later on. I am just limited by time, resources and the limits of my full time job to blog about all aspects of my investment activities.
I am looking for others that might take some of the load off so that I don’t have to cover that topic myself too.
December 14th, 2006 at 5:15 pm
rich,how about some links to the level 2 blogs,so I don’t have to go through the whole list of a hundred.Thanks
December 15th, 2006 at 9:00 am
I have a few of them under “CAPITALIST BLOGS” on my blogroll under my main page.
I’ll list them here for you though…
http://www.thedividendguyblog.com/
http://www.1stmillionat33.com/
http://oneguysinvestments.com/
http://www.gracecheng.com/
http://pluggedinfinance.blogspot.com/
Grace Cheng actually provides commentary on currency trading though not actually posting any trades.
There are a couple of others but because they heavily advertise I don’t really consider them blogs and really wonder if there isn’t some ulterior motive behind them (i.e. push certain brokerages, etc).
I’ll add more as I find them. If you do know of any, please let me know.
December 20th, 2006 at 12:43 pm
I’m curious as to what category you classified my blog under…most likely Finance 101.
December 20th, 2006 at 3:34 pm
I glanced at the site; definitely Finance 101 but the site is interesting.
December 20th, 2006 at 3:48 pm
Hey, makes sense right. I’m just starting off so I don’t have much to work with. Although I am doing some cc arbitrage right now.