I declare September frugality month. If I’ve learned anything from my 20+ years working, it’s that September and October are generally dicey months for people’s fortunes. September has historically been the worst performing month for stocks on average since 1950. 9/11 wasn’t good, neither was September 15, 2008 when Lehman declared bankruptcy. The expression, “Sell In […]
Get Rich In September & Buy Nothing! Read More »
The most overrated business is the restaurant business. Here are some of the most overrated businesses to start according to Kelly Spors and Kevin Salwen from the Yahoo Small Businesses page: Restaurant Direct Sales From Home On-line Retail High-End Retail Independent Consulting Franchise Ownership Traffic-Driven Websites i.e. Financial Samurai, but also Facebook! Millions have lost
The Most Overrated Businesses – Restaurant Is #1 Read More »
There are press reports that Bernie Madoff has cancer and doesn’t have many years left to live. If this is the case, does Bernie win in the end? For decades, Bernie has been pilfering his clients for millions, and living far beyond his wildest dreams. Bernie Madoff’s $450 Million “Win” Let’s say that through an honest
Does Bernie Madoff Win In The End? Read More »
In a bull market, everybody is a financial genius. Be careful thinking you are smarting than you really are. Confusing brains with a bull market is one of the easiest ways to lose a lot of money. During a bull market, it’s important to properly assess your investment risk profile. You may be investing way
Everybody Is A Financial Genius In A Bull Market Read More »
Be your own fund manager if you want to make money. By the time Baidu, the “Google of China” went public, venture capital firm Draper Fisher’s 28% stake was worth over $1 billion dollars by the end of the trading day. Not a bad return considering their likely sub-$50 million investment just years ago! In
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Yes, I know I’m being a tad bit facetious here, but not really. After getting US$45 billion in government aid, the US government and we the people of America own roughly 36% of Citigroup. The interesting debate is whether Citigroup employee, Andrew J Hall should be paid his $100 million bonus as described in his
Government Employee Entitled to A $100,000,000 Bonus! Read More »
I came across an intriguing article with a secret on getting set for life. Study hard, get good grades, nail your SATs, and get into one of the top 20 schools. Or if you weren’t scared off by the college admissions scandal, you could bribe your way in. But of course only you can decide
Survey Says: Get 1,300 on Your SAT’s and a 3.9 GPA And You’re Set For Life! Read More »
The S&P 500 index has rallied 40%+ from its March 2009 low, and is up 8% Year To Date. Despite this solid performance, unemployment has surged to 9.7%, and many forecast the increase will continue until 11-13% unemployment. We’ve got 12% unemployment here in California already. The question I have is: How high can the
How High Can Unemployment Go Before We Derail? Read More »
The less you have, the less you lose. This is the upside attitude of not having a lot of money. In October of 2008, Warren Buffet lost about $9.6 billion on paper. Put it another way, that’s a freaking a lot of money! To also put it another way, in my chase to match Warren’s
The Less You Have, The Less You Lose Read More »
