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Viewing entries forView all blogs (popular) | Personal finance (popular) | Real estate (popular) | Investing (popular) | Visit Items 26 - 50 of 121
    Monday, April 7, 2008 Gold not out of danger zone (3 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
April 7, 2008 at 8:01 am ET This is going to be a short message. I caught a flu, so I’m going to be short.
I think there may be another lower low ahead of us. Buy that low. Don’t get in yet.
It’s still quite dangerous.
Right now, it’s probably best to stay in cash or short-term treasury bonds. Don’t [...] ... (more) Friday, April 4, 2008 The Coming Famine and Hunger (8 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
April 4, 2008 at 6:09 am ET I have been worried about the global food supply, and I called up one of my friends who is an owner of an agricultural food import/export business. ... (more) Wednesday, April 2, 2008 From My 1st Million at 33 - view blog entries - visit this blog
April 2, 2008 at 8:01 am ET I can’t believe that it will take me many many thousands of dollars of loss to bury my head into my own mathematical trading model which has told me to sell. I only wish I can trade full time.
This gold correction is definitely going to last quite a while. I guess what’s most [...] ... (more) Tuesday, April 1, 2008 From My 1st Million at 33 - view blog entries - visit this blog
April 1, 2008 at 8:01 am ET There are an increase in bankruptcy filing by corporations. It’s very important for every consumer to protect themselves in every possible way. The most important thing is don’t pay cash. Cash given to corporations is only good as long as the corporation exists.
If you buy gift cards, be sure to use them [...] ... (more) Monday, March 31, 2008 For Lehman, more bad news (8 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 31, 2008 at 8:01 am ET Lehman has been conned for about $250 to 355 million, depending on which article you read. That’s about 1 to 2 % of the shareholder’s equity on the balance sheet, if that number can still be trusted.
Lehman is already trading at its current book value on Friday, so I assumed that this fraud is [...] ... (more) Friday, March 28, 2008 A big raise for this year (9 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 28, 2008 at 8:01 am ET This year’s raise is less than previous year, but my raise is still about the double of the average engineers in my group. It’s fairly good by any measure.
One of the best ways to make more money is to invest yourself in your job and career. Whether it’s spending more time, volunteering, attending [...] ... (more) Wednesday, March 26, 2008 Is silver really in shortage? (2 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 26, 2008 at 8:01 am ET There have been several reports of people not being able to buy silver coins at the local dealers. Initially, I bought into their story of silver shortage. However, after more thoughts, I am not so sure if that is really true.
The current shortage in silver seems to be caused by the minting capacity [...] ... (more) Tuesday, March 25, 2008 Danger zone may be over for stock markets (6 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 25, 2008 at 12:05 pm ET Just a short message.
You may consider getting back to the markets when the markets pull back from the coming earning announcement season.
Today since it’s down a little, do some light pecking if you will.
There is still a possibility of going even lower this year as suggested by BillCara.com. But the chance of that happening [...] ... (more) I made it to Peter Schiff’s seminar (5 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 25, 2008 at 4:20 am ET It’s kind of weird to see a person on TV in person. But anyway, Peter Schiff looks just like how he is on TV.
I thought I may be able to hear something new in Schiff’s seminar. But he simply went over his standard set of arguments and viewpoints.
1. Bad mortgage and housing bubble [...] ... (more) Monday, March 24, 2008 From My 1st Million at 33 - view blog entries - visit this blog
March 24, 2008 at 8:01 am ET For those who have missed the HSBC 5% cashback credit card offer, I must say that it’s a great pity. Like the previous citibank dividend platinum card which eventually had its 5% reduced to 2%, I’m a little afraid that the 5% cashback on my HSBC credit card will eventually go away. Quite [...] ... (more) Friday, March 21, 2008 Gold markets took a swan dive (14 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 21, 2008 at 8:01 am ET Geez, that hurts (a lot). I should have acted according to my own mathematical model.
I really thought that PM markets were in the major wave 3 in Elliot wave. Now I’m not so sure. If the recent peak is the termination of major wave 1, there will be quite a long correction [...] ... (more) Wednesday, March 19, 2008 Pre-expiration Rally (6 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 19, 2008 at 9:25 am ET Options are expiring this week. It appears that markets are trying to get shorts to cover.
However, it is indeed possible that we have seen the low for the year. The rally seems to have legs, even though I don’t think the markets can go too much higher than 1380 to 1420 on S&P [...] ... (more) Tuesday, March 18, 2008 Better be a one full percentage cut (13 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 18, 2008 at 8:01 am ET Today is the Fed meeting again. I hope they will cut 1%, because I just don’t want to imagine what might have happened without such a big cut. The financial world is literally falling apart. And bringing down the economy into depression is no fun at all for anyone.
Savers obviously will be [...] ... (more) Monday, March 17, 2008 From My 1st Million at 33 - view blog entries - visit this blog
March 17, 2008 at 8:01 am ET Well, actually it’s probably going to be less than $2, since JPM will probably fall on Monday.
BSC is the 5th largest brokerage company in America, brought down by the housing bubble created by Greenspan & company. These are the financial innovations on Wallstreet, creating bonus and money out of toxic loans.
Gold and silver both [...] ... (more) Friday, March 14, 2008 Bear Stearn almost brought down Wallstreet (3 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 14, 2008 at 10:24 am ET Saw the news yet?!
That was a scary tape! On my screen, everything suddenly went into free fall, and then reverse.
Bear Stearn is now down more than 80% from the top, and off 43% just today. What’s gone cannot be made back. So don’t bottom pick these financials just yet. Same thing [...] ... (more) Gold hit $1000! (2 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 14, 2008 at 9:44 am ET I guess I was just one week earlier exactly.
Yes, gold is quite high. But yes, we are also early in the wave 3 in the Elliot wave. I believe by Elliot wave count, we are in wave 1 of wave 3, and we can enter corrective wave 2 ANYTIME.
I’ve determined my wave counts [...] ... (more) Thursday, March 13, 2008 I will start my money management business (13 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 13, 2008 at 8:01 am ET Anyone interested in having their money managed by me personally?
My current plan is to use the platform at interactivebrokers.com. Your assets will be owned under your name, and under the custody of interactivebrokers.com. I will just have the trading permission.
The fee structure will be
1. Basic fee: 1% of your account size, charged quarterly.
2. [...] ... (more) Tuesday, March 11, 2008 From My 1st Million at 33 - view blog entries - visit this blog
March 11, 2008 at 8:01 am ET I’ve opined before that a “coming” panic low in stock markets should give you another good chance to refinance or get your loan. However, things are unfolding in ways that I didn’t expect.
Yes, stock markets are going down.
Yes, treasury bonds are going up, which means that rates are going down.
But oh NO! Fannie [...] ... (more) Monday, March 10, 2008 I’m shorting index stocks (5 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 10, 2008 at 8:01 am ET On Friday, I just shorted the stock markets via QID and SDS which should cover about 12% to 15% of my long positions. Stock markets just broke thru the necklines on a head-and-shoulder chart formation. It’s quite bearish, even with 0.75% interest rate cut coming in two weeks.
I don’t know whether I will [...] ... (more) Friday, March 7, 2008 Counter-party risk and Leverage (3 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 7, 2008 at 7:01 am ET Back on October 13, 2007, when I tried to address Wharton’s article on “Financial Innovations: A Double-Edged Sword” via BillCara’s blog, I left the following comment on his site (back in October 2007):
Wharton’s article has touched most of the important topics related to financial innovative products. There are three other things that are not addressed [...] ... (more) Today I predict to see gold break $1000 (4 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 7, 2008 at 6:01 am ET Obviously with gold price closer to $1000 than $900, if my prediction comes true, you or I shouldn’t be surprised. The best future price prediction is always the current price or whatever prices that are closer.
I think what’s going to be surprising to most market participants (myself included) is that gold may break $1000 [...] ... (more) Wednesday, March 5, 2008 Fremont Bank Is Going To Fail Imminently (5 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 5, 2008 at 7:01 am ET I almost forgot about this bank which has been on my to-be-shorted list for a long time. Their shares are trading only for 50 cents now.
Today’s news on their loan default pretty much spell their death loud and clear. If you even have $1000 deposited in this bank, I would suggest you to [...] ... (more) Tuesday, March 4, 2008 My Precious Metals Targets (1 click)
From My 1st Million at 33 - view blog entries - visit this blog
March 4, 2008 at 7:01 am ET Here are my targets for the next PM top:
gold at $1130.
silver at $26.
HUI at 573.
XAU at 230.
GDX at 62.
I will reveal how I reach these numbers, but frankly, whether I arrive these numbers by the best technical analysis or exotic nonlinear mathematics, it doesn’t really matter. It’s not like if I can elaborate very [...] ... (more) Monday, March 3, 2008 From My 1st Million at 33 - view blog entries - visit this blog
March 3, 2008 at 7:01 am ET A couple of people raise objections to my solution for the housing crisis. I welcome their objection, but I just want to explain further my thoughts.
I prefer my solution of tax subsidy to all homeowners much better than the secret proposal by Bank of America, where all kinds of direct bailouts to [...] ... (more) Friday, February 29, 2008 From My 1st Million at 33 - view blog entries - visit this blog
February 29, 2008 at 1:01 am ET I think few people realize that America/the world is facing the biggest financial storm ever, and how dangerous it is for investing in stocks before a full implosion. The housing-induced credit crisis has gone far beyond anyone can potentially control, probably not even the Fed.
Reading over so many current/future proposals from politicians and bloggers, [...] ... (more) Items 26 - 50 of 121
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