All Entries in the "Absolute Must Reads" Category
Nailed Subprime Trade w/Help From Napoleon Hill & Donald Trump
Last week, the week of the 400 point DOW meltdown, was the worst week I have had trading since the Internet collapse of 2000. On Tuesday, I woke up to Bloomberg discussing China’s 9% fiasco and the concerns of it carrying over to our markets. Certainly stops would be triggered, at the opening, which would [...]
How to Survive Getting Hit by a BRIC
Now I know what it feels like to get hit by a BRIC: Brazil (EWZ) -8.81%, Russia (TRF) -8.2%, India (IFN) -7.5% and China (FXI) -10.7%. It may take a few days or weeks before our bells stop ringing, but it will. Unless Goldman Sachs grossly miscalculated the economic potential of these countries, February 27, [...]
Forest Whitaker Reminded Me of a Key to Success: A Burning Desire
We all know many people who “talk the talk” and a few that “walk the walk,” but what is it that the separates these two groups of people. I have been thinking about this a lot lately. When I left my job almost a year ago to pursue my dreams as an entrepreneur, trader, financial freedom [...]
Building a Better BRIC-Trap
In a 2003 research paper Goldman Sachs argued that the combination of countries Brazil, Russia, India and China (BRIC) has the economic potential to be larger than the G6 in US dollar terms by 2050. The countries are forecast to encompass over 40% of the world’s population and hold a combined GDP of nearly $15 [...]
Profiting From Companies That Sell What China Wants
I was watching CNBC yesterday morning waiting for the Trade report to be released. At exactly 8:30am, Becky Quick went to Rick Santelli at the Chicago Board of Trade for the report. “For December the trade deficit increased $61.2 billion exceeding expectations of $59.7 billion. November was revised down from $58.2 billion to $58.1 billion. [...]
Tony Robbins, Some Other Guy and Me: Knowledge Always Precedes the Money
Many have heard the saying knowledge is power. If you are an academic it’s your nirvana, but if are trying to achieve your dreams it is only the beginning. I like the way an author of an article I was just reading puts it “knowledge always precedes the money.” In other words, knowledge is simply [...]
BHP Billiton : “Where Opportunity Meets Preparation”
Every now and then the market wakes me up with good news. Since BHP Billiton, the No. 1 mining company in the world, is based in Australia – it did the opposite and tucked me into bed after announcing another record set of earnings and a $10 billion share buyback. Yes, that’s 10 billion – with a “b.” [...]
Subprime Lenders Gone Too Far – A Time Bomb Waiting to Explode
Remember when a 20% down payment was expected when purchasing a house. Sometimes with stellar credit and maybe a special situation, like a first-time home buyer, you could get in with a 10% down payment. I recall a few weeks after my wife and I purchased our first home – both cars broke down. Saving for your [...]
Financial Freedom – The Pursuit of Happyness
Over the holidays, I saw the movie “The Pursuit of Happyness.” Yes, I know how to spell happiness, but it is spelled with a “y” in the movie. It is based on the true life story of Chris Gardner’s rise from homelessness to owning a multi-million dollar brokerage firm. It’s an excellent message movie for all Financial Freedom seekers. I can’t recommend [...]
Wealth Building Thru Gold Investing – It is All About Supply and Demand
I took me a good year and a half to get back into the groove after the pounding I took during the internet implosion of 2000. That was an extremely painful year and I was in no hurry to donate more money to Wall Street. I tried a few of the same old things from 2000 [...]
