January 24, 2011 · 2 comments
in Asia, BRIC, China, RMB, USD, banks, currencies, diversification, financial planning, foreign investment, hedging, inflation, investing, living in US, market trends, money management, risk, savings, wealth protection, wealth transfer
Readers have recently been asking where you can open a Chinese Yuan savings account. As I wrote in a previous post, Chinese Yuan savings accounts for Americans are available at the Bank of China (only in New York and Los Angeles so far).
In that previous post, I outlined the basic steps you need to know [...]
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January 23, 2011 · 1 comment
in Asia, BRIC, China, February, central banks, forecasts, foreign investment, gold, indicators, international economy, market reports, market timing, market trends, metals, precious metals, seasonal investing, special dates, wealth transfer
Chinese New Year typically involves a lot of gold buying, just like the Indian marriage season in late summer and Autumn. How much higher will the price of gold go as a result of the Chinese New Year?
This year’s Chinese New Year (or Lunar New Year) occurs on February 3rd and celebrations will last until [...]
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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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July 13, 2010 · 5 comments
in George Soros, bailout, charity, economics, gifts, philanthropy, stock exchanges, terminology, wealth, wealth transfer
U.S. public discourse especially, particularly during election seasons, as we saw in the primaries leading up to Obama’s election, makes a lot of fuss with the phrase “the redistribution of wealth.”
Those using the phrase seem to intend it to refer to some type of “Robin Hood” scenario, where some guy steals from the rich in order [...]
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May 3, 2010 · 7 comments
in Greece, US Treasury, US debt, US economy, USD, currencies, debt, deflation, depression, economy, europe, exchange rates, financial planning, forex, gold, hyperinflation, inflation, international economy, market trends, news and updates, risk, sovereign debt, survival, theories, wealth protection, wealth transfer, world order, world reserve currency
On April 27, 2010, Standard & Poor’s downgraded Greece’s credit rating to junk status – meaning that it is unlikely Greece can pay back its creditors, which means that it is not worth it for the hypothetical investor to invest in Greece.
The same day, the USD spiked and the Euro and other currencies fell a [...]
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February 3, 2010 · 4 comments
in Computershare, DRIPs, dividends, financial planning, income trusts, investing, investment tools, money decisions, money management, passive income, portfolio, stock picks, time in the market, wealth transfer
There was a time when I first learned about DRIPs when I had some idea that I would eventually own some shares in every one, or almost every one. Over the years as I’ve learned more about investing in general, I’ve realized that (1) I don’t need a portfolio that big and (2) not all [...]
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January 30, 2010 · 6 comments
in BRIC, China, G20, G8, GDP, India, OPEC, US debt, USD, capitalism, currencies, emerging markets, exchange rates, foreign investment, forex, gold, government, international economy, international stock market, market trends, oil, wealth, wealth protection, wealth transfer, world order, world reserve currency
With the phenomenal growth in sovereign wealth funds over the past thirty or so years – but especially in the last ten – it’s good to stop and take a look at where this new investment phenomenon is at today in 2010.
Here’s a list of the current top 10 sovereign wealth funds around the world.* [...]
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