November 15, 2010 · 4 comments
in DIY, bubble, capitalism, central banks, collapse, consumers, debt, decisions, depression, discipline, diversification, economy, emergencies, emergency fund, financial planning, forecasts, inflation, international economy, money management, preparedness, risk, survival, sustainability, wealth protection
The fact of the matter is that at the end of the day not even the economists fully foresee or even understand (let alone agree on what they do understand) the full implications and progression of the state of the current world financial system.
Another fact is obvious: the global financial system is so interconnected and [...]
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November 9, 2010
in 2010, China, Federal Reserve, GoldMoney, US debt, USD, World Bank, bubble, bull market, central banks, commodities, currencies, debt, economy, forecasts, forex, fundamentals, gold, hedging, hyperinflation, inflation, international economy, market reports, market trends, metals, precious metals, risk, silver, stimulus, world order, world reserve currency
And none of them are likely to happen in any conceivable near-term time frame.
Gold is sitting pretty now above $1400/oz following the World Bank’s suggestion of a return to the gold standard – and it’s inevitably already drawing out commentators from the woodwork who want to talk about how overvalued gold is and the fact [...]
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October 18, 2010 · 5 comments
in CEO pay, Federal Reserve, Timothy Geithner, US Treasury, US economy, bailout, banks, brokers, bubble, central banks, collapse, ethics, executive compensation, films, financial education, government, leadership, money lessons, regulation, reviews, risk, wealth transfer
Review of The Inside Job by Charles Ferguson (2010).
Despite the fact that it’s a trite truism that Wall Street is fueled by greed and “greed makes the world – or at least the markets – go round,” it’s merely the tip of the iceberg of moral depravity and social corruption that has been exposed on [...]
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October 13, 2010
in 2010, October, US economy, banks, collapse, housing, market reports, mortages, news and updates, real estate, risk, sectors, wealth protection
Foreclosure-gate, Fraudclosure, the foreclosure scandal – you’ve been hearing about this in the news the last few days, but what the heck is the foreclosure-gate scandal, exactly?
Foreclosure-Gate is the New Risk Factor Everyone Should Be Talking About
What Is Foreclosure-Gate?
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Well, there’s two parts to this answer. The first part is the simple fact that Bank of [...]
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August 19, 2010 · 3 comments
in DIY, bills, bonds, business, careers, cashflow, debt, distributions, diversification, dividends, earnings, employment income, financial planning, hedging, income, investing (general), lifehack, money management, passive income, paycheck, real estate, risk, self-employed, side income, wealth protection, wealthbuilding
It’s bad enough to initially depend on just one source of income, but it’s even worse to not invest it or diversify it such that you protect it over time. In other words, there is more than one way to diversify your income.
(1) You can diversify your sources of income so that you have, say, [...]
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Is diversification dead? It largely failed us in the 2008-2009 financial crisis, but if you held on for the long haul it did breathe life back into your portfolio on the way back up.
A perennial question is how much diversification is enough? If you’re invested in mutual funds and ETFs, these are by definition already [...]
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May 30, 2010
in ADRs, FTSE, NYSE, SRI, UK, collapse, dividends, earnings, economy, energy, environment, foreign investment, investing, market trends, news and updates, oil, pound, regulation, resources, risk, stock picks
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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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