Published September 30th, 2006
in Financial Freedom.
Just joking - You know those words would never come out of her mouth. If you want to attain wealth and don’t have a rich daddy, understanding Anthony Robbins’ 12 Reasons Why People Don’t Get Wealthy is good place to start.
Source: Ezine Articles
by David Gikandi
According to Wallace Wattles, in his popular wealth treatise called the Science of Getting Rich, said that, “There is a science of getting rich, and it is an exact science, like algebra or arithmetic. There are certain laws which govern the process of acquiring riches, and once these laws are learned and obeyed by anyone, that person will get rich with mathematical certainty.”
It is true. Those who make wealth know that it comes about by application of simple rules and principles. Those who don’t make wealth don’t know about these simple things, and so they assume that wealth is a result of luck or pure chance or something just as superstitious or silly.
Anthony Robbins is one of the top success coaches in the world, having coached star sports players, heads of states and Fortune 500 executives. In his Get The Edge program, he listed down 12 specific reasons he has come to observe to be the leading causes for most people’s lack of wealth.
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Published September 30th, 2006
in Portfolio - Updates (all).
It was rather comical listening to the talking bubbleheads on CNBC this week. They were making such a big deal about the DOW attempting to break its all-time closing high from 2000. What a joke? Everyone knows or should know that a dollar today is worth more than a dollar tomorrow. So, what is the big deal about finding a dollar bill under your mattress after 6 1/2 years. Back in 2000 that dollar could buy 10 gumballs. Today that same dollar will buy 6 or 7 gumballs. Trader after trader would say that breaking the all-time closing high wasn’t that much of a big deal, but the bubbleheads continued to drone on. Somebody wake me up when the NASDAQ breaks its high from 2000. Only 2800 more points to go.
Below are this week’s results of our regularly discussed stocks: Continue reading ‘Week in Review 8/29 - Bubbleheads’
Published September 29th, 2006
in Investing - Energy.
Would our elected officials do such a thing?
Source: Financial Sense Online
by Doug Casey
Which begs the question: with elections looming, might the Republicans be trying to bring down oil prices (and therefore gasoline costs) in an attempt to cull favor at the polls?
While we’re generally skeptical of conspiracy theories (after all, if the government can’t deliver mail on time, how could it organize a large-scale covert action?), it’s a known fact that the feds have several mechanisms by which they could nudge crude lower.
The Strategic Petroleum Reserve, for one. Release of crude from this stockpile helped push oil prices lower last fall in the wake of hurricanes Katrina and Rita.
Another lesser-known influence on oil prices is the “crack spread.” This is the difference between the price that oil refiners pay for crude and the price they receive for the gasoline they produce. Put another way, it’s the profit margin that refiners make on their products.
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Source: Financial Sense Online
by George Kleinman
A number of Wall Street firms say the commodities boom is over. Gold, for example, fell to a 13-week low last week. Crude oil dropped to its lowest point this year on Friday. Stephen Roach, chief global economist at Morgan Stanley, the world’s biggest securities firm, has been quoted as saying, “The mega-run for commodities has run its course.” On the other hand, Jim Rogers, who has made a fortune in commodities, says the commodity bull market is a long-term phenomenon with another 10 years to run.
Who’s right?
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Published September 28th, 2006
in Investing - Energy.
Source: Financial Sense
by: Peter Schiff
Over the past several weeks, oil and gas prices have fallen sharply, prompting many to conclude that the bull market has finally run its course. With oil prices back to $60 per barrel, most are now calling for prices to fall back below $50, and some see even lower prices dominating in the years to come. As there is no real evidence that suggests an abatement of those forces that pushed oil prices up from below $20 six years ago to near $80 dollars last month, such rosy forecasts really amount to wishful thinking. The recent sharp decline is likely technical in nature, providing long-term investors with an excellent opportunity to build on established positions, or create new ones.
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Published September 28th, 2006
in Entrepreneurship.
Source: About . com
There’s a saying in the corporate world: “Don’t make yourself irreplaceable. If you can’t be replaced, you can’t be promoted.” As an entrepreneur, this is still true in its own way. Let’s think of “being promoted” as earning more and working less. You can raise your prices, but until you can remove yourself from being directly involved in doing the work that generates the income, there’s always going to be a limit to how much you can earn, and it can only increase very slowly.
Passive income, on the other hand, is income that does not require your direct involvement.
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Published September 28th, 2006
in Women and Money.
Source: WM Financial Services
Are women and men really equal? Not when it comes to investing. If you’re female, here’s the good news: When you invest, odds are you’ll be better at it than your male counterparts. The bad news? You’re likely to need more money to retire—so a solid retirement plan is more crucial for you. Learn more about the upsides and downsides of being a woman and investing.
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Published September 27th, 2006
in Investing - General.
You have completed your analysis. The trends are in place. The vibes are right. The stock has winner written all over it. So, very excitedly - you enter the trade. Since stocks go up over the long term, your job is complete. Now, just sit back and watch your money grow.
Many retirements were short-circuited in 2000 employing this strategy. Six years later the NASDAQ still needs to double to return to its highs from 2000. That’s right it needs to increase 100% to break-even and that doesn’t include inflation.
A well defined exit strategy is required to profit in the stock market. Since so much can go wrong once a position is initiated, successful traders create an exit plan before they enter the trade. I plan to include many more articles on exit strategies, but the following is a good introduction.
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Published September 27th, 2006
in Real Estate.
Donald Trump was asked on CNBC last week what are the keys to success. He said, “always do what you love and NEVER quit.” If you have gotten caught up in the real-estate flipping game - there may be hope, but you will need to change your strategy.
Source: MarketWatch
But that was in the summer of 2004, when the red-hot condo market was peaking and money could be made by investing in condos expected to quickly appreciate. Units were often on the market for resale as soon as they were completed. It’s a much riskier proposition to flip a condo in some of today’s cooling markets.
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Published September 23rd, 2006
in Economics.
Unless you marry or inherit money, financial freedom requires investing in something. It really doesn’t matter if it is real estate, the stock market or business. Investing is mandatory. To become a successful investor one must understand trends and create strategies to capitalize on that trend. Thus, one must become an avid reader and quick learner. The internet has made this very convenient for us. Each day I plow through numerous articles related to putting money in my pocket. Often some of the economic ones are difficult to understand. However, it becomes a little easier each time.
The following article I read a couple of times to really grasp it. This particular paragraph jump out and has given me a new insight to the housing collapse that we are facing. Continue reading ‘The Economy In Denial: Fallout From the Bursting Housing Bubble’
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