Apr
24
How Will Global Food Shortages Affect You
April 24, 2008 | Leave a Comment
For the first time in my lifetime, there is food rationing in the United States. The last food rationing that I know of occurred during World War 2. Countries around the world are experiencing food shortages and increased prices. What does this mean for world? What does this mean for US [...]
Apr
9
Lending Money on Prosper: My Results
April 9, 2008 | 2 Comments
This is the 4th post in a series of articles about Prosper.com. Prosper is a person to person lending site with an auction format similar to EBay. I’ve been lending money on Prosper for awhile. In this article I’ll write about my results.
In my previous articles, I’ve discussed how Prosper.com works and the risks [...]
Apr
8
Lending Money on Prosper: What Are the Risks?
April 8, 2008 | 1 Comment
This is the 3rd post in a series of articles about Prosper.com. Prosper is a person to person lending site with an auction format similar to EBay. If you’re a lender you may want to consider the risks of lending money on Prosper before you start loaning money.
In my previous article on Prosper, [...]
Mar
27
Consumerist Covers Jim Cramer’s Latest Controversy
March 27, 2008 | Leave a Comment
Jim Cramer continues to get bad publicity over his Bear Sterns comments. I covered his comments on Bear Sterns in a previous article. It seems however that this one just won’t go away.
The consumerist.com covered the ramifications of Cramer’s goof. It’s given a lot of his enemies some pretty good ammunition. [...]
Mar
20
Searching For an Investment Mentor
March 20, 2008 | 1 Comment
Do you have an investment mentor? In many areas of life, mentorship plays an important role in our education. Investing should be no different. However, how do you go about finding an investment mentor? What are the qualities you look for in a mentor?
According to Wikipedia, a mentor is “a trusted [...]
Mar
19
What is Your Investment Philosophy?
March 19, 2008 | 2 Comments
I’ve come to believe the most important investment decision you can make is deciding upon an investment philosophy. I call it a philosophy but it could also be called an investment style, an investing strategy or even and investment system. All of these terms are rather hard to define. Some have clear [...]
Mar
18
Jim Cramer on Bear Sterns
March 18, 2008 | 1 Comment
For those of you still watching Mad Money for anything other than pure entertainment value, I need to have a word with you. Jim Cramer isn’t you financial adviser. I can’t believe how many people I talk to watch this show religiously, for investment advice.
Jim Cramer has been in the news quite often [...]
Mar
17
What is a Hedge Fund?
March 17, 2008 | 1 Comment
Hedge funds are getting a lot of press these days. It seems that hedge funds are in the news every day and not for good reasons. In the current financial downturn, hedge funds are collapsing left and right. If you’re like a good portion of the general public you have no idea [...]
Mar
12
Financial Derivatives Still Considered Harmful
March 12, 2008 | 1 Comment
In the five years since Warren Buffet’s warning about long term financial derivatives contracts the volume of such derivatives has increase five times from $100 trillion to $516 trillion. This according to BIS via Paul B. Farrell of CBS Marketwatch.com, implies “a massive new derivatives bubble is driving the domestic and global economies, a [...]
