Wednesday, February 27, 2013
S&P Above 1500 sign of economy recovering!!!
The S&P rose today above 1500. That is a strong indication of the strength of the market. Things are starting to look up. I hope that the market continues to gain momentum and stay on a good strong steady curve up. The economy seems to be improving slowly but surely. This is just another sign of that. The housing market is beginning to creep back up ever so slowly as well. If these trends continue we will be out of the "recession" and moving into the inflation that always follows such things. But it is like I always said this was just another cycle and adaptation of the economy. No scare tactics here people just the truth. The market will balance itself out if you let it. We will never be in the same situation that we were in back in the great depression. This is impossible today the world is a different place. If you listen to all of these fear mongers that want to scare you into submission believing that you need their version of free enterprise to survive. You need their government run version of economic freedom to survive. Just look at the market despite all the damage they have done. It still thrives and continues forward despite them. This is still America home of capitalism and millions of people dreaming to make things better and that will never be changed!!!
How a family of four lives on $14K a year.
I was looking at this new story of how this family of four that live out in Nevada live on $14,000 a year. And I thought man that is really cool. Here is an entire family with the discipline to live on $14K a year. You do not see hardly anyone with that kind of financial discipline anymore. What is wrong with people they just want to buy and spend everything and then some. These people should be grand examples of how we all should be. The entire attitude of our country now is spend, spend, spend. Then when the person or persons are in financial ruin it is help, help. help. I am beginning to think that the colonial British had it right with debtors prisons. Instead of taking the burden of these financially irresponsible people we should lock them up or something. But don't lock them up to take care of them make them work off there debt. Once the debt is re-payed then they can come back into society. That would teach them the value of money and make them think twice about being a dead beat. Like I said kudos goes to the $14K family take it as an example of how you can thrive financially. The main things that they did were not eating out. You tired of being fat? Start cooking your own healthier food. They only fill up their cars once a month. They bundle errands together and freeze food to make it last longer. A few good habits and ideas can take you a long way!!
Monday, February 25, 2013
Wall street having trouble because of Italy!!?
Here we go again more trouble with the stock market because of some European country. You might think that it is Greece again but you would be wrong it is Italy this time. Yeah apparently they are having some election troubles over there. Well I can't blame all the investors looking over there to see what is going on with them. Look at how much trouble all of this European Union and Euro has caused. I understand the thinking behind it. They look across the pond at the US and think we could be like that. They are industrious and work together. The are a gigantic power house of a country right. Yeah these things are all true and this is why everybody with any sense wants to come here. But guess what mister E.U. did not consider? We are not divided like Europe the US state are all sections of the same country. So not only are we financially on the same page but we are all under the same governing body as well. That will never happen in Europe. Another thin is our geographical size compared to Europe. We are a larger land mass and we have better locations for agriculture and more resources. So like I was saying I understand the investors concern.
Saturday, February 23, 2013
5 Top stock pics of the week.
Here are the five top stock of the week according to the web:
1. Apple
Apple kicked off the week by making a rare admission -- it had been hacked.
“Apple Inc was recently attacked by hackers who infected Macintosh computers of some employees, the company said Tuesday in an unprecedented disclosure describing the widest known cyber attacks targeting Apple computers used by corporations,” Reuters reported.Shares were dinged again after the Financial Times reported that Foxconn Technology Group, Apple’s key manufacturing partner, was implementing a hiring freeze as it slowed production of Apple products. Foxconn moved quickly to respond, saying the freeze was the result of “an unprecedented rate of return of employees following the Chinese New Year holiday compared to years past....This action is not related to any single customer and any speculation to the contrary is false and inaccurate.”
There was also further evidence this week that Apple is losing the faith among Wall Street’s biggest names.
“American International Group (AIG) has replaced Apple Inc (AAPL) as the hedge fund industry's favorite stock, according to a Goldman Sachs Group analysis of fourth-quarter regulatory filings,” reported Reuters.
"For the first time in three years [Apple] was not the top stock in our VIP list, instead ranking as the third most frequent top-10 holding," the report said, adding that funds reduced their Apple positions "by over 30 percent."
Shares of Apple fell 3.7% over the last five full trading days and are down 17.9% year to date.
Bank of America CEO Brian Moynihan is being handsomely rewarded for steering the bank back to prominence. This week it was revealed that Moynihan earned a 73% bump in his pay for 2012, bringing his compensation to $12.1 million and making him one of the top-paid CEOs on The Street.
“In 2012 Moynihan earned $950,000 in salary but received no cash bonus, similar to 2011, the source said. The CEO's 2013 salary will increase to $1.5 million, the person said,” Reuters reported, adding that shares rose 109% in 2012 and logged the best performance on the Dow.
Other areas of the company are showing growth. On Tuesday, the company said it saw a record 28% surge in new assets come into its 401(k)s sold through its commercial bank. Some $24.3 billion in new assets have come in, according to Bloomberg.
Shares were down 6% for the week and are down 4.9% for the year to date.
2. Bank of America (BAC)
Bank of America CEO Brian Moynihan is being handsomely rewarded for steering the bank back to prominence. This week it was revealed that Moynihan earned a 73% bump in his pay for 2012, bringing his compensation to $12.1 million and making him one of the top-paid CEOs on The Street.
“In 2012 Moynihan earned $950,000 in salary but received no cash bonus, similar to 2011, the source said. The CEO's 2013 salary will increase to $1.5 million, the person said,” Reuters reported, adding that shares rose 109% in 2012 and logged the best performance on the Dow.
Other areas of the company are showing growth. On Tuesday, the company said it saw a record 28% surge in new assets come into its 401(k)s sold through its commercial bank. Some $24.3 billion in new assets have come in, according to Bloomberg.
Shares were down 6% for the week and are down 4.9% for the year to date.
3. BlackBerry
The early reads on sales of BlackBerry’s new BlackBerry10 smartphone are not cause for optimism. Canaccord Genuity analyst T. Michael Walkley cut his estimates for the year on Tuesday based on “mixed initial sales with limited initial supply cited as the reason for early post-launch stock-outs at some carrier stores rather than overwhelming demand.”
The next day, an analyst from Pacific Crest echoed those sales concerns. “We continue to believe the Z10 launch involves relatively small shipment volumes and only moderate sell-through so far in markets which have historically been some of BlackBerry’s strongest,” the report said.
Shares are down 13.3% for the week and up 12.5% for the year to date.
4. Facebook
CEO Mark Zuckerberg was among a handful of high-profile executives on hand early this week to announce the first Breakthrough Prize in Life Sciences awards. The first round of awards saw 11 scientists each receive $3 million for their work.
The event also gave Zuckerberg a chance to try out a pair of Google glasses.
“There is perhaps no one more excited for Google Glass than Facebook cofounder Mark Zuckerberg,” said Forbes, adding later that Zuckerberg was heard to say “I can’t wait to get my own,” as he tried on Google cofounder Sergey Brin’s pair.
Zuckerberg’s apparent enthusiasm over Google Glass and his desire to develop products for it should be a welcome sign as investors and analysts look for Facebook to move more quickly into the mobile arena.
Facebook shares fell 5% over the last five full trading days and are down 2.5% year to date.
5. magicJack VocalTec
Shares of magicJack have taken a beating this year after a Seeking Alpha blog post that ran in early January accused the company of improper accounting to boost profits.
Said a Bloomberg report:
“MagicJack, which sells voice-over-Internet services, dropped after a Jan. 8 blog post on the Seeking Alpha website attributed to 'Copperfield Research' said the company used “accounting gimmicks” to boost profits and that the ex-CEO used his common equity on margin as collateral for debt. Borislow, who relinquished his post to Gerald Vento on Jan. 1, said the post was 'clear and utter lies,' in a phone interview yesterday from West Palm Beach, Florida.”
Since that time, a string of lawsuits seeking class action status have been filed against the company.
There were no new developments surrounding the company this week, but trading volumes have been high. Shares fell 8.7% over the last five full trading days and are down 34.4% for the year to date.
Learn a seceret to help make your money work for you!!!
Everybody is so caught up on earning more and more money. Right? But I have a good question. Where is the break off point? You cannot nor do you want to work forever. Even though I enjoy working and like what I do. I cannot work forever. And I would like to pursue other things in life. So you have to learn to leverage your money the right way. What I mean when I say leveraging your money is utilizing the interest that you can attain by putting it in the right places. If you do this the right way you will laterally have your money working for you. I realize that there has been a change in the economy and the interest is not as good as it was say a few years ago. But I still would rather earn some interest rather than nothing. I will give you a prime example of why the general public has no understanding of this. Everybody wants to get a huge tax return from the IRS. They always brag about how much they got and so on. Well the whole time that they are talking all i am thinking about is all the lost interest on that money. I am sure that the IRS gets plenty of extra revenue through interest on other peoples money. So I challenge you to be more competitive and find the banks that have high interest bearing savings accounts and different financial products. Make them work for your money and you will be able to get your money to start working for you.
Monday, February 18, 2013
Why paypal?
I like to use pay pal for several reasons first and foremost it is the best way to expand the use of different forms of payment the easiest for your business. It is all online it gives you the opportunity to diversify your banking enough to make better decisions when it comes to moving money. I have been using pay pal since eBay started with it and I have to say that it has served me rather well. This service is the only one of its kind were you can connect everything you do business wise online down to one single location. This is huge financially. You can concentrate all of your energy to one spot. With everything in one place it is easier to monitor and manage your finances. The way that you can monitor everything is also very customer friendly. I suggest you definitely give pay pal a shot. Until next time.
Sunday, February 17, 2013
How to apply adsense to your site to make money!!!
I like the way that they have perfected Google's ad sense. This is an amazing program for people to use to earn money by marketing off their web sites and blogs. It has been perfected to a science. You can check and see who is looking at your site what country what they are looking at and more. this is absolutely amazing stuff. I am not going to sit here and tell you that it is the easiest thing in the world and that anybody can do it because it takes work like anything else you want to succeed at. Google make it incredibly easy to apply to the site all you have to do is open an account with Google and you are off to your start. They even go as far as to give you the option as to what can and cannot be advertised on the user options. I will leave you with the three basic things that will help you to get views. Because the amount of views will equal the amount of money you will make. #1 Make sure that your site has the ads in a visible but not aggravating location. #2 make sure that you have enough of the ads visible so that there is a choice on what to the viewers are looking at. And #3 Don't forget to add the advertise products button in your gadgets. This tool will help you to advertise specific products related to what you are writing about. Good luck!!
Friday, February 15, 2013
Why are precious metals important?
There is definitely an upsurging in the precious metals market in reference to peoples finances. This is due to the lack of faith in currency. There is far too much going on globally right now to trust in anything else. I can't blame people for having concerns. There is a lot of stability in metals. The markets are so unstable it only makes sense to invest in precious metals. As these items become more and more rare there value will continue to increase over time. I never put all of my eggs in one basket but I would definable invest some in gold or silver. When I say gold or silver I mean the actual bullion not in anything backed by it.
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