Published August 31st, 2006
in Investing - General.
I have hated technology stocks with a passion, since I was wiped-out along with everyone in 2000. However, until I discovered commodity stocks in 2003 - I continued unsuccessful investing in tech. This week I begrudgingly bought a tech stock let’s hope it doesn’t bring back bad memories.
Source: Real Money
by Mark Manning
Webster’s defines flexible as “able to bend without breaking” and “adjustable to change.” Most people say they are flexible, but when it comes down to it, they are quite rigid in their beliefs and routines.
You have to accept that sectors that you have lost money in or that have been out of favor for a long time can quietly, cyclically bounce back.
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Published August 31st, 2006
in Entrepreneurship.
Source: Pandecta Magazine
In general, entrepreneurs are people who have high energy, feel self-confident, set long-term goals, and view money and financial security as a measure of accomplishment and piece of mind. They persist in problem solving, take risks, learn from failures (their own and from others), take the initiative, accept personal responsibility and use all available resources to achieve their success.
Entrepreneurs compete with themselves and believe that success or failure lies within their personal control or influence. They do not see non-successes as failures but as learning experiences.
Most of all, they never give up and never quit striving for success.
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Published August 30th, 2006
in Women and Money.
Source: Ms Money
by Nicole Alper
Come on, we all know it’s true. Our mothers say it. The psychiatrists analyze it. And of course John Gray spelled it out in a series of bestselling books.
Men and women are different.
And despite the stark–even cloying–quality of the cliché, buried somewhere in this simple declaration there is, I believe, a weighty nugget of truth. So the issue then is, how are we different, and how do those differences influence the way we handle, namely invest, our money?
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Published August 29th, 2006
in Personal Finance 101.
MD’s Commentary: In keeping with the RE doom and gloom theme, I thought that this would be an appropriate post. Even with all of the negativity surrounding the Real Estate market, housing related stocks were up 2-3% on yesterday. Be careful out there.
Source: The Motley Fool
August 25, 2006
So now that the tide seems to be turning, and rates are rising, there’s the potential for a lot of heartache. So says a report from ACORN, the national community advocacy group, titled “The Impending Rate Shock.” It pointed out that about 75% of subprime home loans were ARMs. Folks who likely aren’t flush with funds face steeper housing bills in the near future, according to the report: “Rate shock could mean a sharp increase in foreclosures in some of the urban and minority communities that most need to build wealth through homeownership….” Plenty of others are affected, too — roughly 24% of all home loans nationwide are ARMs.
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Published August 28th, 2006
in Real Estate.
MD’s commentary: Peter Schiff is one of the few who is not concerned with being accepted by the mainstream. His views make sense, but are hard to accept.
by Peter Schiff
Euro Pacific Capital
August 25, 2006
During the unprecedented run up in housing prices over the last decade, most economists and real estate professionals firmly declared that the market would always move higher. When the recent cooling dashed those hopes, many reluctantly fell back to the “soft landing” hypothesis, which predicts that price appreciation will return to historically average rates. However the latest housing data, particularly this week’s figures on new and existing home sales, have made these overly rosy assumptions untenable. The “hard landing” scenario, which envisions real estate prices moving sideways, or actually posting moderate declines, is finally gaining broader credence. But, even this forecast will prove overly optimistic. The real estate market will not land soft or hard, it will crash and burn. Those who did not have the foresight to bail out may be faced with a distinct shortage of parachutes.
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Published August 26th, 2006
in Economics.
Source: JS MineSet
Read and study the formula below. Buy Gold to profit from it.
The Formula is simple:
- Interest rates rise and affect the drivers of the US economy, housing, but before that auto production goes from bull to bear markets. This impacts many other industries and jobs. These markets are either rising or the activity is falling at an increasing rate. That is economic law 101. There is no such thing in either market as a plateau of prosperity or Cinderella situation.
- You have witnessed the Dow rise sharply in the AM on economic news indicating deceleration of activity. This continued until a major corporation announced poor earnings, making the Dow fall faster than it rose, moving it deeply into the red.
- The formula economically is inherent in #2 which is lower economic activity equals lower profits. Continue reading ‘Jim’s Formula’
Published August 26th, 2006
in Real Estate and Economics.
Source: Merill Lynch
August 24, 2006
New home sales -22% - weakest trend in over a decade
Yesterday we saw July data showing a 4.1% decline in existing home sales, and this was followed up by the new home sales report today, which showed a slide of 4.3% to stand at a below-consensus 1.072 million units (annualized) from 1.12 million in June - when sales slipped 0.9%. New home sales are now down 22% year-on-year, which is a swing of gargantuan proportions from the +26% trend exactly a year ago - this is the weakest trend in well over a decade. So far, all the data at our disposal spits out 2% GDP growth for the current quarter, down from an inventory-induced upward revision to Q2 of roughly 3.3%. The Fed is clearly done, in our view. The only thing “orderly” out there right now is the guy carrying the stretcher.
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Published August 26th, 2006
in Portfolio - Updates (all).
The week started out with a bang on Monday with Gold Stocks up 4-6%. Then stalled for the remainder of the week. Volume was weak across the board as traders finish their summer vacations. The real action will start after Labor day.
Below are this week’s results of our regularly discussed stocks: Continue reading ‘Week in Review 8/25/06′
Published August 25th, 2006
in Investing - Metals and Investing - Energy.
The world, especially China, has been growing and using lots of raw materials. China’s commodity imports alone have grown more than tenfold over the past 15 years and so far this year China’s oil imports are up by about 10%. With its robust economy showing no signs of slowing, demand for commodities will continue to outpace the limited supply in the years ahead.
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Published August 25th, 2006
in Young Investors.
Your children already spend way too much time on the Web. Why not start them on some fun Web sites that teach them sound investment principles.
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