Tag archive for ‘money management’

• How’s It Feel To Trade 1,000 Points Down?

  9 May 10 • Comments Off

  Last Thursday the Dow lost almost 1,000 points in less than ten minutes. Then, the markets rebounded something fierce. Here’s a guy calling action in the pits. Watch the right corner of the screen as the market slumps:

• Six Tips to Get the Most Out of Wall Street’s Research

  7 May 10 • Comments Off

  Before relying on an analyst’s report, understand that reading it without putting it into context may cause you to underperform. Many reports are a form of marketing that are intended to remind clients the analyst is still worth calling. The more reports that are published, the more frequently the analyst’s name shows up in searches on large institutional information systems.

  Here are six things you can do to use analyst reports to make money:

• A Two-Fisted Approach to Dealing with the One-Armed Economist

  6 May 10 • Comments Off

  However, digging just a little deeper, it is quite remarkable that since 1793, the U.S. has had 44 Presidents (serving a total of 55 terms). The U.S. has also had 44 recessions. Is this coincidence, or, is there a correlation? Adding to this annoying little fact is that that each U.S President has promised to improve the economy since the very first recession of 1797, also known as the Panic of 1797. Moreover, each President got your vote (or those of your ancestors) by campaigning on the promise that their administration, and their economic and political policies, would ensure that “Americans will never have to endure another recession if you just vote for me!”

  100% Empty Promises Equal 33% Hardships

• What Does “Umbrella” Insurance Cover?

  6 May 10 • Comments Off

  It is a great idea to have an umbrella policy, but you and your liability carrier have different ideas about what umbrella means.

• What is Asset Protection?

  4 May 10 • Comments Off

  Back in February I described asset protection as the legal techniques that protect your wealth from creditors and predators. Here’s what I wrote:

  “Is asset protection some kind of euphemism for stiffing banks? No way. It’s more about planning before you borrow the first dollar, about defining what assets are available to lenders if things go bad. Better to work out these details in advance. Negotiations can be one-sided as creditors bear down during duress.”

• The Recession is Over! Long Live the Recession

  22 April 10 • 1 comment

  For example, between 1929 and 2009, the United States succumbed to three major financial crises, and at least fifteen different recessions lasting between eight and forty three months. Put differently, over the past eighty years, the U.S. economy has been in a state of recession for fourteen of those years, or 17.5% of the time.

  Given that the average life span in the U.S. is approximately eighty years, this also means that the average U.S. citizen lives approximately one-fifth of his or her life under the economic hardships typically associated with a recession, such as high unemployment, inflation, and uncertainty about the safety of the money and investments that they entrust to financial institutions, many of which fail during severe financial crises.

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