New! (December 27) We are now indexing 1,000 blogs! Also, we're announcing a previously undocumented feature already in use on a few
personal finance blogs.
Viewing entries for View all blogs (popular) | Personal finance (popular) | Real estate (popular) | Investing (popular) | Visit
From My 1st Million at 33 - view blog entries - visit this blogApril 28, 2008 at 8:01 am ET
While doing this new budget, I was extremely impressed by the tools provided by the credit card companies. They have made the budgeting process so much easier that you no longer need to spend hours and hours trying to figure out where your money has gone. All of them provide spending by categories [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogApril 25, 2008 at 8:01 am ET
As I have said back in March, I believe stock markets probably have temporarily turned the corner. However, precious metals are “fulfilling” their anti-market function, uncorrelating to the rise of markets, and falling.
I’m tempted to say that HUI may bottom at around 370 to 400 level, which could be reached today. But even [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogApril 23, 2008 at 8:01 am ET
You will be amazed on how fast these homes get sold. In a single day, some 500+ homes get sold. And you will be amazed too by the number of people in the crowd. Definitely, there are still way too many would-be speculators who want to pick up investing properties on the [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogApril 22, 2008 at 8:01 am ET
The gasoline cost has been going up along with the crude oil prices. $4 seems to start to change the consumer’s behaviors from my personal observation.
From my own budget made back in 2006, more than 2 years ago, I was only spending $160 a month for gasoline. Now, for the last 4 months, [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogApril 21, 2008 at 8:01 am ET
Time after time, the only time that gold can drop by 2+% is during the open hours of London market and US markets. Majority of the time that it drops is right before US market opens, or 12pm EST in the US market. Don’t ask me why, but that’s the conclusion from my [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogApril 18, 2008 at 8:01 am ET
I have said back in late March that the worst is probably behind us for this year. As the days go by, there has been an obvious bullish tint day in and day out. Are the stock bulls ready to go higher? Have the brokerages finished their accumulation?
In the emerging market land, [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogApril 16, 2008 at 8:01 am ET
I missed out quite big on the recent waves of the hot energy sectors, due to my belief in the global synchronized slowdown. Energy sectors however are still in play (so far).
There are many sub-sectors in the energy. First it was coal, with FDG, PBT. Then it was natural gas, with CHK, [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogApril 15, 2008 at 8:01 am ET
In two weeks of time, the bank reserves continue its swan dive. The whole banking system is now held and patched together by Federal Reserve. Without all the bailouts for the bankers, many banks should have gone under.
Here is the data for the current bank reserve (click to go to Federal Reserve data), [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogApril 14, 2008 at 8:01 am ET
Money or rather credit will be increasingly unavailable to many. This is the sign of the time going forward, probably at least for another 3 years.
Look at the headlines:
Linens’n Things files for bankruptcy.
Aloha airlines files for bankruptcy.
Frontier Airlines files for bankrupty protection.
Borders Bookstore may put itself up for salfe after running short on cash.
US [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogApril 11, 2008 at 10:12 am ET
I’ve got out my longs yesterday. Next week we will have some major financial companies reporting. It’s best to simply stand on the sideline. I don’t think it will test the previous low, but it may not be pretty either.
Best luck. ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogApril 11, 2008 at 8:01 am ET
My trading model just triggered a buy signal on HUI index at the Thursday closing. Going all the way back to 1996, this signal is only right about 60% of the time, but has performed well through the bear market from 1996 to 2001, and the bull market from 2001 till now.
But I still [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogApril 9, 2008 at 8:01 am ET
I saw a big typo in the headline by Greenspan. He said “The Fed is blameless on the property bubble“. Actually it should be “The Fed is SHAMEless on the the property bubble”.
Just thought that I should share my thoughts here:
If a ship (economy) goes down that quickly right after the captain took [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogApril 8, 2008 at 8:01 am ET
Watching how Teri shops is just amazing. I thought it’s hard to find someone like my wife who really can get grocery deals thru usage of coupons. But Teri is a couple of steps beyond.
I saw the TV program for TheGroceryGame.Com. She walked out of the grocery store, paying only about $80 [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogApril 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)
From My 1st Million at 33 - view blog entries - visit this blogApril 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)
From My 1st Million at 33 - view blog entries - visit this blogApril 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)
From My 1st Million at 33 - view blog entries - visit this blogApril 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)
From My 1st Million at 33 - view blog entries - visit this blogMarch 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)
From My 1st Million at 33 - view blog entries - visit this blogMarch 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)
From My 1st Million at 33 - view blog entries - visit this blogMarch 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)
From My 1st Million at 33 - view blog entries - visit this blogMarch 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)
From My 1st Million at 33 - view blog entries - visit this blogMarch 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)
From My 1st Million at 33 - view blog entries - visit this blogMarch 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)
From My 1st Million at 33 - view blog entries - visit this blogMarch 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)
From My 1st Million at 33 - view blog entries - visit this blogMarch 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)
|
|