If you had purchased $1000 of shares in Delta Airlines one year ago, you will have $49.00 today. If you had purchased $1000 of shares in AIG one year ago, you will have $33.00 today. If you had purchased $1000 of shares in Lehman Brothers one year ago, you will have $0.00 today. But—- if you had [...]
CEO – Chief Embezzlement Officer CFO - Corporate Fraud Officer BULL MARKET – A random market movement causing an investor to mistake himself for a financial genius BEAR MARKET – a 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. VALUE INVESTING – The art of buying [...]
One in ten workers… According to the June 14th, 2008 edition of The Wall Street Journal, fewer than one in ten workers save the maximum amount allowed in a 401k plan. Giving away free money More disturbing one-third of 401k participants are not saving enough to qualify for the full matching contribution from their employer.
If you have debt and want to be debt free, the first thing to do is to cut off your credit cards so you don’t use them anymore. You are probably wondering how you are going to survive, well, if you destroy your credit cards then you will not be tempted to use them and [...]
Never ever buy a brand new car again! Why? the minute you drive that new car off the dealer’s parking lot, the car has lost value. A car can loose up to 25% of its value the first year. Then the percentage of devaluation slows down even-thought it continues at a much slower pace. The [...]
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So you work for a company that offers a 401K savings account and you are wondering how much should you invest or what percentage of your paycheck you should invest. Well, the answer is: it depends. If you don’t have an emergency fund then make sure you work on that first, normally you want to [...]