By Chad on Mar 9, 2009 in Basic Financial Advice, Current Events, Economy, Uncategorized | 5 Comments
Is this the ultimate use of Buffett’s “be fearful when others are greedy, and greedy when others are fearful” rule?
Billionaire Warren Buffett, whose Berkshire Hathaway Inc. posted its worst results ever in 2008, said the economy “has fallen off a cliff” and that efforts to stimulate recovery may lead to inflation higher than the 1970s. [...]
By Chad on Oct 29, 2008 in Basic Financial Advice | 2 Comments
Sorry about the infrequent posting. I have been rather busy at work and took a little weekend trip to see the Steelers lose…damn.
Anyway, it’s good to see the market is exactly where I left it, which is completely out of control. Because of that, let’s go over what we should be doing in a market [...]
By Chad on Oct 15, 2008 in 401k, Basic Financial Advice, Say No to Conventional Wisdom | 1 Comment
We are now strongly into the Dr. Jekyll and Mr. Hyde markets. One week (last week) the world is ending, and the next, specifically Monday of this week, the new GIANT bull market could be starting.
How can the markets make these extreme swings, and what do you need to know?
Extreme Market Swings
Market sentiment is extremely [...]
By Chad on Oct 1, 2008 in Basic Financial Advice, Current Events | 0 Comments
Consumer sales are starting to tank. Just look at the auto companies (all the numbers are drops in sales):
Standard
· Ford Motors 34%
· Honda reported a 24%
· Toyota U.S. 32.3%
· Chrysler U.S. 33%
· Volvo 51.8%
· General Motors 15.6% (expected 26%)
· Nissan Sales 37%
· Volkswagen sales 9.4%
· Hyundai Motor’s U.S. 25%
· Kia U.S. sales [...]
By Chad on Sep 30, 2008 in Basic Financial Advice, Current Events, Economy | 3 Comments
In his new article “Drill, Baby, Drill” Stein spouts nonsense with just enough facts to make everyone think he is on to something with off-shore drilling. He suggests that more off-shore drilling will be a major factor in gaining our energy independence. He couldn’t be more wrong.
We, the United States, only have 1.5%-2% of proven [...]
By Chad on Jun 2, 2008 in Basic Financial Advice, Uncategorized | 0 Comments
Every personal finance writer has to cover the most mundane and basic financial information at some point in time, so here it is:
Start an emergency fund in a high interest on-line account. I use E*Trade, which has a 3.15% rate at this time. Many PF bloggers like ING Direct (Orange), but right now they [...]
By Chad on May 20, 2008 in Basic Financial Advice, Uncategorized | 1 Comment
In our society charitable giving is greatly encouraged. It is promoted in a fashion that suggests if you don’t give you are a heartless cretin who only cares for him or herself. How could you not give to the starving children? How can you not tithe to your church?
Well, there are a [...]