Thursday, September 18, 2008
Gold Recorded its Biggest One-Day Gain in Nine Years
Wednesday, September 17, 2008
AIG´s $1 Trillion Bankruptcy Would Be World´s Largest Ever
Monday, September 15, 2008
Want to Save Money in Taxes This Year?
Friday, September 12, 2008
Bad Business Decision For Apple?
Wednesday, September 10, 2008
6 Deadly Investing Mistakes
6 Deadly Investing Mistakes
Comments on article by William Lynott found at bankrate.com
Source: http://www.bankrate.com/brm/news/investing/20080822_6_investing_mistakes_a1.asp
Given that this article is coming from Bankrate.com I take a lot of things in there with a grain of salt. “Bill, I want you to create a piece called 6 deadly investment mistakes…yea yea, I’m likin’ the sound of that..”
Its definitely skewed like so many things on the Internet, including blog posts but it drew me in nonetheless.
Under mistake #1, I completely agree with Bill here but I always get a laugh from comments like that from Lisa Feathergill. She sounds like a typical stockbroker, "Remember, you haven't lost money until you actually sell the security. I know a guy who followed this advice and watched his million dollars in stock turn into zero dollars in a very short amount of time. Ouch!!
I agree with Mistake #3 that savvy investors make more money during downturns in the economy, however I’m having trouble with his stock pushing again. In my humble opinion, unless you are lucky, stocks wont’ make you rich Bill. Any comments on this?
I wholeheartedly agree with Mistake #6, Abandoning your investment strategy. Bill’s right. Whatever you decide to invest in, stocks, bonds, real estate, gold or silver…stick to the plan.
I think the worst thing any investor can do is react to the whims of the media about the investment environment, from wherever you are looking. Bill wrote, and I agree, “If the headlines are full of it and everyone else is doing it, you're probably too late.”
Does anyone have any other comments or thoughts on these 6 deadly investing mistakes? I’d love to hear from you.
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Sunday, September 7, 2008
Why Proper Estate Planning Is So Important
Thursday, September 4, 2008
Oil: How low can it go?
Oil: How low can it go?
Article found on CNN Money
With the little bit of relief that we’ve all experienced at the pump, it is easy for people to lose sight of the fact that six months ago we all would have thought that $3.75 was high. (at about $108 a barrel, the price of oil is around 50% higher than it was a year ago). Referring to this recent CNN Money article, although the article is extremely pessimistic, I do agree with the Resler’s insight about the proliferating effects of the higher prices on the consumer mindset, “even if they (oil prices) continue to fall, consumers may be wary for the next few months.”
Any thoughts or comments on this?
http://money.cnn.com/2008/09/03/markets/thebuzz/index.htm?postversion=2008090311
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Tuesday, September 2, 2008
Make a Comeback in a Stalled Job Search
Source http://lifehacker.com/5043382/make-a-comeback-in-a-stalled-job-search
Most business people are completely out of tune with this new phenomena of social media and really…how many business executives have time to regularly post on blogs or create a Facebook profile? Although its obvious to see how a blog in conjunction with a good resume is a must for tech professional on the job search, I also think that a blog is a good addition to a business executive’s job search. A blog is a great snapshot of a business executive’s projects, business ventures, and other accomplishments and interests. But who has time to create a mind blowing resume, much less a mind blowing blog? I found a professional blogger who created a blog for me relatively inexpensively and so far it has been an excellent accompaniment to my resume. But…I don’t know if it would actually help, “make a comeback in a stalled job search,” as the post on lifehacker.com indicates. If you are serious about a blog, use a professional blogger (person who blogs !) that has experience creating blogs. Particularly if you are considering a blog or forum for your business, there is a ton of research and traffic driving stuff that goes into it so leave it to pro bloggers.
Posted by Corey
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Why Generation Y is broke
http://articles.moneycentral.msn.com/Investing/HomeMortgageSavings/WhyGenerationYIsBroke.aspx
This article on MSN Money really caught my eye. The article said that “…some 85% of those aged 25 and older hold a high school diploma, and 27% have a college degree, and is of course, the most technologically sophisticated to date…”
But this same generation has zero financial literacy. Most twenty-somethings can barely manage their own personal finances much less knowing what a balance sheet and/or income statement is. And with the introduction of so many new financial products, young people are even more doomed in this new financial landscape. Should financial literacy be taught in schools so that we don’t raise another generation on debt? Any comments?
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