2008 was a very interesting year to say the least. Possibly the most productive outcome of the year was the restless message of "rethink things" coming from the little voice beckoning each of us in our minds. Myth #1... The SEC keeps investment information honest and accurate The Securities and … [Read more...] about The Top 5 Investing Myths of 2008
Today the Federal Reserve lowered their key rate to 0%. Huh? How does our economy work when money is lent for no interest? Well, they technically lowered the key rate to a range of 0% to 0.25%. This is the first time the Fed's key rate has been this low ever. Without getting into a long, complex … [Read more...] about When the economy attacks: Fed fights back with toy gun
We’ve just relaunched solo401k.com on this blogging platform to allow for regular information updates and easy navigation. I’ll be posting to this blog regularly. Use the categories at the bottom of the page to learn more about the world’s most powerful investment vehicle - the Solo 401k! Visit the … [Read more...] about Solo401k.com Relaunched!
Mark Cuban, billionaire owner NBA team Dallas Mavericks, runs a couple of interesting web sites. In July of 2006, he started ShareSleuth, an online publication that exposes fraud in the stock market. It's surely worth checking out. More recently Cuban has launched BailoutSleuth, an online … [Read more...] about Bank bailout money goes to CEO bonuses
According to John Williams' Shadow Government Statistics October 26 Flash Update, year-to-year Monetary Base is up 38%. Expansion of the money supply creates inflation and debases the wealth of people holding U.S. Dollars. The lesson? Don't hold U.S. Dollars. Seems kind of tough if you live in the … [Read more...] about Monetary Base up 38% Year-to-Year
There are 3 economies to pay attention to: Your Personal Economy. This is the one that really matters. The life you will share with your family and friends will be directly impacted by your finances. The People's Economy. This is the wealth of communities of people. You could look at it in terms … [Read more...] about Turn Doom & Gloom into Personal Boom
A couple of weeks ago, the SEC illegalized a type of investing that makes a market what it is - short selling. Simply put, a person can bet on the market going up by "going long" and buying securities in hopes of selling them for a higher price at a later date. Long positions can be leveraged by … [Read more...] about Our free(ish) market becomes less free with the ban of short selling
In this brief video clip, listen to CPA/CFP Eric Wikstrom relate his experience from dealing with financial statements from large corporations during his auditing years, including during his employment at Arthur Andersen before it went down with Enron. Eric very politely touches on the issue of … [Read more...] about Video: Financial Statements of Publicly Traded Companies. How reliable are they?