The Dow Jones Industrial Average tanked by an astonishing 778 points today - closing at 10,365. That makes today, September 29 of 2008, the largest single day point loss in history. Worse than the dot com crash. Worse than the freaking Great Depression. Before you get too worked up - remember, it’s the largest point [...]
Popularity: 16% [?]
My current online brokerage, Zecco, is offering unlimited free stock and option trades for the entire month of October. Normally they offer 10 free trades, as long as you have $2500 in equity. Not next month. If you are a hyperactive trader, then Zecco is the place to be next month. Trade as much as [...]
Popularity: 16% [?]
No matter how frugal you are, no matter how carefully you budget your money, it doesn’t take much. Months of hard work, tracking every dollar, can be gone in a single day! One day of giving in, indulging yourself, convincing yourself that you "need" or "deserve" something new. Especially if that "something new" is expensive, [...]
Popularity: 17% [?]
Wow. We haven’t seen 4% APY savings account rates in quite some time - the Fed and their magical rate dropping act have made sure of that. Earning 4% on your savings is a great opportunity to (help) keep the inflation problem at bay. That being said, I’d think long and hard about transferring [...]
Popularity: 17% [?]
Welcome to the September 17, 2008 edition of the carnival of net worth. It’s only a day late this time - I’m getting better! One day, we might even see this puppy on Wednesday when it’s due. Ok, don’t get too excited about that. Anyway, enjoy this weeks submissions:
The Shark Investor presents [...]
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As Haggai 2:8 says: ‘The silver is Mine and the gold is Mine,’ declares the LORD of hosts.
I’m a proud man. I work hard to earn a living. I have a dayjob that is demanding and pays well, and in the evenings I work on building my small business. I am proud of the fact [...]
Popularity: 15% [?]
I’ve decided to stop the monthly electric bill overviews. While I still thing energy usage and its cost is important, it doesn’t really warrant a monthly look in my eyes. I’m looking to switch to either quarterly or semiannual overviews instead. Seeing the bigger picture is better overall anyway, rather than stressing over monthly fluctuations. [...]
Popularity: 12% [?]
Today the market was extremely turbulent - stocks were down, while metals skyrocketed. Last month I made a seemingly risky purchase of DGP - a Gold price based derivative. The goal of this ETN is to double the daily movement of gold. Up until today, DGP had been a drag on my already struggling llamafolio. [...]
Popularity: 11% [?]
It’s been said time and time again, but it bears saying again. Do not own any significant quantity of your own company’s stock. The fact that you work at said company means you depend on them for income - don’t leave your investments in their hands too. Unless *perhaps* you’re in extremely upper management, and [...]
Popularity: 12% [?]
If you’re not a LEH stockholder, you might think that Lehman Brother’s emergency sunday bankruptcy will have no effect on you. In that case, you might be very very wrong. For those unfamiliar with Lehman Brothers, they are ( or were, I should say ) the fourth largest investment bank in the United States. The [...]
Popularity: 12% [?]
