From the monthly archives:

May 2010

Buy When It Snows, Sell When It Goes

May 31, 2010 · 2 comments

in February, May, November, October, September, agriculture, earnings, financial planning, gold, hedging, investment tools, market reports, market timing, market trends, seasonal investing, sectors, theories

Many investors are familiar with the phrase “sell in May and go away.” This has certainly been true in May 2010: Greece debt problems, the sinking Euro, the downgrade of Spain’s credit rating and the BP oil spill debacle have taken their toll on markets worldwide. Oh, and then there was the mysterious May 6th [...]

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Costs of BP Oil Spill Compared With Exxon Valdez

May 30, 2010 · 4 comments

in ADRs, BP, CEO pay, FTSE, SRI, UK, bailout, commodities, credit, economy, energy, environment, international stock market, market reports, oil, stimulus, stock picks

As if it wasn’t bad enough that BP is probably going to suspend its dividend if it can’t plug the leak, there will be all kinds of charges and damages awarded to BP, but possibly also to Halliburton or TransOcean once this disaster comes full sweep.
Those who follow me on Twitter know that I’m not [...]

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The Deepwater Horizon oil catastrophe may soon start to effects of the oil leak spilling over onto the world economy. Before this happens, though, BP share prices are going to continue to decline and the valuations of most Brits’ pension funds are going to drop, since BP comprises a majority holding in most UK indexes.
BP [...]

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Estimates suggest the Deepwater Horizon oilspill has already cost BP plc about one billion pounds. This does not even take into consideration total clean up costs going forward if the leak were to somehow suddenly stop right now.
But so far we haven’t heard much about the wider economic effects that the Deepwater environmental disaster will [...]

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You Might Be Crazy not To Buy Euros Now

May 14, 2010 · 10 comments

in ADRs, USD, bailout, central banks, debt, diversification, europe, exchange rates, foreign investment, forex, international economy, opportunity, sovereign debt, stimulus

With the recent bailout of Greece, markets have not warmed up to Europe’s debt problems, and this has meant that the Euro has continued to weaken against the USD (sort of like a teeter-totter built out of CDO’s).
As of Friday, May 14, 2010, one Euro will buy a whole $1.237 USD. That means the Euro [...]

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Euro Bailout Boosts Gold To Fresh Highs

May 12, 2010

in GoldMoney, Greece, central banks, europe, gold, hyperinflation, international economy, international stock market, market reports, market trends, news and updates, precious metals, sovereign debt, stimulus, world order

In a surprise reaction to the weekend approval of the one trillion euro bailout of Greece (750 billion euros from the ECB and 250 billion euros from the IMF, i.e., U.S. money, i.e., China’s savings), markets remained suspicious of long-term improvement in both Greece and the Euro.
As a result, this week has seen a steady [...]

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You Can Do Better Than The Millionaire Next Door

May 9, 2010 · 16 comments

in DIY, cashflow, consumers, credit cards, determination, discipline, estates, financial education, financial fitness, financial planning, goals, life, money decisions, psychology, spending, success, wealthbuilding

If you’ve been around on the interwebs and Twitter enough, and if you’ve read enough personal finance books, you’ll know a heck of a lot about The Millionaire Next Door. She or he spends less than you’d think, they don’t drive a Rolls Royce or Jaguar, and they’ve probably made it to millionaire within one [...]

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