Heading Down to 1985 Levels...
George Soros, who made billions of dollars by selling the pound in 1992, recently said that he rode the pound down to the $1.40 area and then unloaded it. I can see where he's coming from — the $1.40 level had become a target of mine as the pound moved incrementally lower over the course of 2008.
And that's where the pound sits now, which means six years of gains have been erased in about 15 months!
Saturday, January 31, 2009
Tuesday, January 27, 2009
Markets Hold on to Gains at Midday
Stocks were up slightly in the early afternoon,
as tech and the financials found some strength
after several good reports.
as tech and the financials found some strength
after several good reports.
Saturday, January 17, 2009
No Charge To You
Register Now and Get Our Ebook On How To Sell Your House In 2-Weeks
Just Tap Here and Fill Out Our Short Form
Drill That Could Save You Thousands
By Andrew M. Gordon
Professional investors got taken to the cleaners by the former head of NASDAQ, hedge fund manager and scam artist Bernie Madoff. They should have known better. But before you point fingers at these supposedly sophisticated investors who lost billions to a cheat, ask yourself this: Do you do even the minimum due diligence before you invest in a fund? (I don't care who told you about it. Trust no one except yourself.)
Go to the finance.yahoo.com site and look up a mutual fund. Then click on "Profile." Here, you'll see most of what you need to know...
The fees and expenses. You can compare them to the average costs of similar funds for the current year and projected out as far as 10 years.
The fund manager. You'll see how long he's been managing that particular fund and how long he's been with the fund company.
Then click on "Performance" and look at the information under "Trailing Returns vs. Benchmarks" to find out how the fund did compared to its category and to the S&P 500.
If you spend more than 60 seconds on each of these pages, you're spending too much time. Just two minutes' worth of homework could save you a lot of headaches down the road.
If the fund does worse than the S&P, don't invest. But also don't invest if it makes the same great annual gains even in those years when the S&P is in negative territory. That's the big lesson of the Bernie Madoff scandal.
http://homesellerassist.synthasite.com
Professional investors got taken to the cleaners by the former head of NASDAQ, hedge fund manager and scam artist Bernie Madoff. They should have known better. But before you point fingers at these supposedly sophisticated investors who lost billions to a cheat, ask yourself this: Do you do even the minimum due diligence before you invest in a fund? (I don't care who told you about it. Trust no one except yourself.)
Go to the finance.yahoo.com site and look up a mutual fund. Then click on "Profile." Here, you'll see most of what you need to know...
The fees and expenses. You can compare them to the average costs of similar funds for the current year and projected out as far as 10 years.
The fund manager. You'll see how long he's been managing that particular fund and how long he's been with the fund company.
Then click on "Performance" and look at the information under "Trailing Returns vs. Benchmarks" to find out how the fund did compared to its category and to the S&P 500.
If you spend more than 60 seconds on each of these pages, you're spending too much time. Just two minutes' worth of homework could save you a lot of headaches down the road.
If the fund does worse than the S&P, don't invest. But also don't invest if it makes the same great annual gains even in those years when the S&P is in negative territory. That's the big lesson of the Bernie Madoff scandal.
http://homesellerassist.synthasite.com
Monday, January 12, 2009
$10 To $15 Swings In The Oil Market
Describing the state of the oil market at the moment requires just two words: unprecedented volatility.
Over the course of each week, we continue to see the price whipsaw back and forth with $10 to $15 per barrel ranges. For example, having hit a low of $33 a barrel near the end of December, oil climbed back up to the $50 level last week, and is currently trading near $38 a barrel as I write (so it could be entirely different by the time you read this!)
http://homesellerassist.synthasite.com
Over the course of each week, we continue to see the price whipsaw back and forth with $10 to $15 per barrel ranges. For example, having hit a low of $33 a barrel near the end of December, oil climbed back up to the $50 level last week, and is currently trading near $38 a barrel as I write (so it could be entirely different by the time you read this!)
http://homesellerassist.synthasite.com
Saturday, January 10, 2009
Control Your Thoughts
Whatever you dwell upon grows in your reality.
You create your entire world by the things you choose to think about and how you choose to think about them.
It just so happens that wealthy, successful people fill their minds - most of the time - with thoughts, words, pictures, and images of wealth, affluence, success, productivity, and solutions to problems in the marketplace.
These thoughts trigger the reticular activating cortex, the part of the brain that makes you more alert and sensitive to things that you have decided are important to you.
For example, if you decide to invest in a mutual fund, you will start to see news and information about mutual funds everywhere. Mentions in newspapers and magazines will jump out at you.
If you are thinking about joining the Home Seller Assist program created by John Alexander, you will start to see more and more articles about this new 1% funding program to buy real estate.
These things have always been there, but now you have sensitized your brain to pick them up and draw them to your attention with far greater frequency and vividness. This is the function and power of your reticular cortex.
You create your entire world by the things you choose to think about and how you choose to think about them.
It just so happens that wealthy, successful people fill their minds - most of the time - with thoughts, words, pictures, and images of wealth, affluence, success, productivity, and solutions to problems in the marketplace.
These thoughts trigger the reticular activating cortex, the part of the brain that makes you more alert and sensitive to things that you have decided are important to you.
For example, if you decide to invest in a mutual fund, you will start to see news and information about mutual funds everywhere. Mentions in newspapers and magazines will jump out at you.
If you are thinking about joining the Home Seller Assist program created by John Alexander, you will start to see more and more articles about this new 1% funding program to buy real estate.
These things have always been there, but now you have sensitized your brain to pick them up and draw them to your attention with far greater frequency and vividness. This is the function and power of your reticular cortex.
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