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 [...]
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 [...]
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 [...]
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 [...]
The stock market is a funny thing, to be sure. Bad news sometimes makes stocks go up, and good news sometimes makes them go down. It’s almost as if the stock market is a completely random system sometimes. That being said, I made my Llamafolio updates today, and was rewarded with a surprise. After being [...]
On July 8th, I pulled the trigger on a whopping 2 shares of TELOZ. Why only two shares? Well, I had a little over $40 in my brokerage “cash” account, so I felt like it needed to be spent. Since I’m a Zecco customer, I get 10 free trades per month – no commission charge. [...]
In every investing scenario, one of the most important factors that you need to understand is risk vs reward. If you’ve ever made an investment of any kind, you’ve surely heard the terms. Risk and reward. Whether you’re talking about payday loans, stocks, 401(k)‘s, or starting a business, both risk and reward are front and [...]
One of my best-performing Llamafolio stocks is no longer doing well – VDSI is officially in the crapper. On April 23th the closing price was $13.83 per share. April 24th, the opening price was $11.50, and closing was $10.36. As I write this, the stock sits at $9.80 with no bottom apparent. That’s roughly a [...]
Recently I read a post by at Financial Jungle called – How Heavy Is Your Portfolio On The Sin Scale?. Basically the topic is whether or not you should invest in “sinful”, or morally empty companies. A great example would be a tobacco company. Should you buy stock in a tobacco company? I say go [...]
Anyone who has dreams of financial freedom and security has heard of passive income. There are many types of passive income – money that you earn without directly working. This is the best type of income, since you don’t need to physically spend time earning it. If you go to a 9-5 and earn a [...]
