Some people read the NY Times, some the Wall Street Journal (WSJ), some the SF Chronicle, some the Vacaville Reporter, and some Yahoo! news, you too should find your favorite columnist. If yours truely is your favorite columnist than read on my friends and I will continue to amuse you. I read most of the columns on Yahoo! Finance and that's where you will find my favorite columnists; Ben Stein, Robert Kiyosaki, and more recently Charles Wheelan.
My take on Ben Stein. . . I like Ben because he’s old. Being old has it’s benefits, he’s been around, seen a lot, and obviously the guy knows how to invest. I like Ben because he’s smart. Would you risk your daily pay on a TV show? I like Ben because he knows how political choices impact investments. And, last but not least, I like Ben because when it comes to investing, he’s a permabull. Because of his attitude towards investing he remains cool headed when emotions on Wall Street run high. One of my favorite adages is, “Cool heads will prevail.”
My take on Robert Kiyosaki. . . He wrote a book called “Rich Dad, Poor Dad,” where he chronicles the choices that his two dad’s made in regards to investing. I have not read this book yet, and though I’m a fan of his, truthfully, honestly, I’m not lying to you. . . I probably won’t get around to reading his book. I like Robert because he knows the ins and outs of Real Estate investment. It is important to know basic real estate investing strategies and how that fits into your overall investment techniques and goals. I like Robert because he understands the indirect opportunities of investing (the positive consequences of investing in something that you may not have expected). While investing, most list the negative possibilities when taking a risk by investing your money. It is just as important to understand that not taking a risk (by investing your money) is just as costly a mistake. Robert Kiyosaki typically writes about the unexpected with his investments, which is valuable insight.
My take on Charles Wheelan. . . He wrote a book which I have not read. Infact, the only reason to which I’ve decided to include him is because I read an article he wrote a week ago which had such an impression on me that I decided he’s one of my new favorites. It’s a very good article http://finance.yahoo.com/expert/article/economist/111589 . I’ll put him on my watch list next to the crumbling banks.
Those are three of my favorite columnists which I trust to provide cool headed investment advice.
I still don’t believe that the Bailout Package is going to work. My opinion could partially be due to the fact that it’s called a Bailout Package and not exactly helping anyone. I want the American people to win, so I’m asking you to join me in a sedition against the banks. Here’s how it’s all going to go down. . . when the government bails banks out, the “credit freeze” will thaw, and banks will lend again. Here’s what we can do as a society to send a message to the banks, pay for everything with money that you’ve saved. It’s that easy. I realize that you have to borrow money to purchase a house and that’s the only thing that I will let you borrow money for. The banks in America have wronged you for too long, now it’s payback time. Live within your means and they will feel the pain!!! Pay your credit cards down, save money, earn some interest and buy only the things that you feel are worthy of your hard earned dollars. Viva Los Americans!
On the Political front:
My current Election Prediction ticker: Obama/Biden ticket by 16% - STILL (since my Oct. 1st call)
My prediction for the elections. . . “cool heads will prevail.”
This week’s Disgraced Politician of the Week is John Edwards. John Edwards lied about allegations that he had an extramarital affair even though it was true. The only reason that I bring him up is because had he won the Democratic Primary Election, things would look very different with less than a month left in elections. Palin would have been a shoe-in for vice president. If I were a Democrat, I would be extremely angry that John Edwards risked the most important election in our history just because he wouldn’t come clean. He’s a disgrace. If you’d like to know more, go here http://en.wikipedia.org/wiki/John_Edwards .
Wednesday, October 15, 2008
Monday, October 13, 2008
Squib Kicks
This week of NFL action had multiple games come down to last second field goals, touchdowns, and an overtime.
Bears/Falcons - This was a crazy game. To be honest, the Bears were completely outplayed and still almost won the game. They were as good at stopping the Falcons at third downs as Hugh Grant is at stopping himself from cheating on Elizabeth Hurley (and we know how that worked out.) Yet, Kyle Orton led the Bears down field and scored with 11 seconds left in the game. They squib kicked to the Falcons, which was as good of an idea as fourth installment of Indiana Jones. The Falcons subsequently got the ball on their own 45 yard line. With 6 seconds left, Matt Ryan completed a 25 yard pass to Michael Jenkins out of bounds with 1 second left on the clock. Jason Elam kicked a field goal and that was that. Game over, Bears.
As a side note, former Ravens coach, Brian Billick, was announcing the game and he called Kyle Orton "Kyle Boller" at least three times. I wonder if Billick wakes up out of a nightmare, sweaty, yelling "BOLLER!!!" I bet he does.
Houston/Miami - The Texans won their first game of the year by beating the Dolphins on a last second QB sneak by Matt Schaub. I didn't watch the game, but what the heck is up with QB's named "Matt" getting it done today?
Minnesota/Detroit - Vikings beat the Lions on a last second field goals. This leads to two questions: How the hell are the Vikings tied for first in the NFC North? (ANSWER: That division is awful.) AND How on earth did this game get decided on a last second field goal? (ANSWER: Both the Vikings and Lions are also awful, but the Lions are just a little bit more of a pathetic football team than the Vikings.)
Cowboys/Cardinals - Easily the best part of the game was when Cardinals' coach, Ken Wisenhunt, called timeout right before the Cowboys last second field goal. The Cards blocked the field goal and were running it back for a touchdown as the refs blew the whistle and informed everyone that the Cardinals had called timeout. Cowboys try again, and kicker Nick Folk makes the kick. For a split second, I actually wanted the Cowboys to win. That wore off quickly and I'm glad they lost on a blocked punt returned to the end zone. The Cardinals are for real (pause... NOT! Their division also is awful!)
Bay Area Teams - give me a reason to talk about you, and I will. Until then, you're out of the blog. Do something about it Al Davis or Mike Nolan.
Baseball is trucking along with the ALCS at 1-1 and the NLCS at 2-1 (advantage Phillies.) I really don't care who wins, I guess maybe the Phillies or Rays, but let's be honest, I can hardly watch baseball without seeing flashbacks of the Cubs kicking the ball all ove the infield. Ahhh... I just felt a shiver up my spine...
Bears/Falcons - This was a crazy game. To be honest, the Bears were completely outplayed and still almost won the game. They were as good at stopping the Falcons at third downs as Hugh Grant is at stopping himself from cheating on Elizabeth Hurley (and we know how that worked out.) Yet, Kyle Orton led the Bears down field and scored with 11 seconds left in the game. They squib kicked to the Falcons, which was as good of an idea as fourth installment of Indiana Jones. The Falcons subsequently got the ball on their own 45 yard line. With 6 seconds left, Matt Ryan completed a 25 yard pass to Michael Jenkins out of bounds with 1 second left on the clock. Jason Elam kicked a field goal and that was that. Game over, Bears.
As a side note, former Ravens coach, Brian Billick, was announcing the game and he called Kyle Orton "Kyle Boller" at least three times. I wonder if Billick wakes up out of a nightmare, sweaty, yelling "BOLLER!!!" I bet he does.
Houston/Miami - The Texans won their first game of the year by beating the Dolphins on a last second QB sneak by Matt Schaub. I didn't watch the game, but what the heck is up with QB's named "Matt" getting it done today?
Minnesota/Detroit - Vikings beat the Lions on a last second field goals. This leads to two questions: How the hell are the Vikings tied for first in the NFC North? (ANSWER: That division is awful.) AND How on earth did this game get decided on a last second field goal? (ANSWER: Both the Vikings and Lions are also awful, but the Lions are just a little bit more of a pathetic football team than the Vikings.)
Cowboys/Cardinals - Easily the best part of the game was when Cardinals' coach, Ken Wisenhunt, called timeout right before the Cowboys last second field goal. The Cards blocked the field goal and were running it back for a touchdown as the refs blew the whistle and informed everyone that the Cardinals had called timeout. Cowboys try again, and kicker Nick Folk makes the kick. For a split second, I actually wanted the Cowboys to win. That wore off quickly and I'm glad they lost on a blocked punt returned to the end zone. The Cardinals are for real (pause... NOT! Their division also is awful!)
Bay Area Teams - give me a reason to talk about you, and I will. Until then, you're out of the blog. Do something about it Al Davis or Mike Nolan.
Baseball is trucking along with the ALCS at 1-1 and the NLCS at 2-1 (advantage Phillies.) I really don't care who wins, I guess maybe the Phillies or Rays, but let's be honest, I can hardly watch baseball without seeing flashbacks of the Cubs kicking the ball all ove the infield. Ahhh... I just felt a shiver up my spine...
Saturday, October 11, 2008
Apples and Wine.
Recently I celebrated my 28th birthday and decided to celebrate with a little trip to Apple Hill! I haven't been back there in years, but it was still as cool as I remembered. About 1 hour east of Sacramento, it is a collection of wineries, apple orchards, pumpkin patches and Christmas tree farms set in the foothills that are just beginning to change colors for fall.
High Hill Ranch is one of the classic stops and our starting point. The parking lots here are the apple orchards, which I found to be a bit odd to weave through the trees to find a suitable spot - but that being said, it was a great scenic, shaded spot and most organized. From there, we grabbed a blanket and our picnic lunch from the back of the car and set off to find a shady spot by the fish pond where we ate our sandwiches while enjoying the scenery and being entertained by the kids all around us, the trout pond and the caged wolf. Since we were right in the middle of all the vendors, some of our party supplemented their meal with some apple beer, which was really just some apple cider and Bud Light.
From there we returned our stuff to the car (a less than 5 minute walk) and then walked past the Fudge Factory (without stopping for chocolate - shocking, I know) and past the pumpkin past to the main event - winetasting at Madrona Vineyards. I had been recommended this place by a friend and it was delicious and charming! The place was packed, the varieties of wine list long and the building cozy. The winemaker was out, his hands stained with purple, and he explained how and why this winery served their reds before their whites. Very interesting and at the end of the tasting, I agreed that it was a good switch - one that I hadn't ever heard of before. If you're up there, try the Fiore if you like sweet wines - it tastes just like peaches! Theo, the local cat, was nowhere to be seen - but hopefully we'll run into him on one of the next trips up there. And there will be a next time - this place is wonderful!
From there some of our party went to Abel's which our group selected as the best pie place in Apple Hill, while others stayed in High Hill to buy bags full of apples (I picked up 5 pounds to dip in some homemade caramel I was going to make at home), apple fritters, apple pie and sample the apple cider before heading back down the hill.
By the end of the day I had my fill of apples, but after having been away for a week, I'm ready to head back but I haven't explored much except for those places listed above - any recommendations for other Apple Hill places to try out?
High Hill Ranch is one of the classic stops and our starting point. The parking lots here are the apple orchards, which I found to be a bit odd to weave through the trees to find a suitable spot - but that being said, it was a great scenic, shaded spot and most organized. From there, we grabbed a blanket and our picnic lunch from the back of the car and set off to find a shady spot by the fish pond where we ate our sandwiches while enjoying the scenery and being entertained by the kids all around us, the trout pond and the caged wolf. Since we were right in the middle of all the vendors, some of our party supplemented their meal with some apple beer, which was really just some apple cider and Bud Light.
From there we returned our stuff to the car (a less than 5 minute walk) and then walked past the Fudge Factory (without stopping for chocolate - shocking, I know) and past the pumpkin past to the main event - winetasting at Madrona Vineyards. I had been recommended this place by a friend and it was delicious and charming! The place was packed, the varieties of wine list long and the building cozy. The winemaker was out, his hands stained with purple, and he explained how and why this winery served their reds before their whites. Very interesting and at the end of the tasting, I agreed that it was a good switch - one that I hadn't ever heard of before. If you're up there, try the Fiore if you like sweet wines - it tastes just like peaches! Theo, the local cat, was nowhere to be seen - but hopefully we'll run into him on one of the next trips up there. And there will be a next time - this place is wonderful!
From there some of our party went to Abel's which our group selected as the best pie place in Apple Hill, while others stayed in High Hill to buy bags full of apples (I picked up 5 pounds to dip in some homemade caramel I was going to make at home), apple fritters, apple pie and sample the apple cider before heading back down the hill.
By the end of the day I had my fill of apples, but after having been away for a week, I'm ready to head back but I haven't explored much except for those places listed above - any recommendations for other Apple Hill places to try out?
Wednesday, October 8, 2008
What now?
As the business and political writer I’ve been blessed with our current economic state. I’m a “big picture” kind of guy. So let’s start with the problem on Wall St. Confidence. You all know the picture on Wall Street, it’s dire. When average citizens have problems with confidence is where you have big problems. People save. Our country didn’t become the most prosperous country on earth because we saved. Am I encouraging living beyond your means? For my investment’s sake, “yes.” I personally wouldn’t live beyond my means though. The next round of pain will hit government agencies. Government makes money by the movement of money. When money doesn’t change hands because people are saving, banks are hoarding, and jobs are diminishing, the government’s coffers begin to wane. That will be the next round of pain and I’m predicting that it won’t be long seems how we’ve already allocated $700 Bil and have the largest deficit in our nation’s history, thank you Bush (you minimizing government spending Republican). Thanks for bankrupting our country like all those companies you bankrupted (notice that his Wikipedia page is devoid of any of that information).
The Bailout Plan is aimed at restoring confidence in the financial system of the United States. “Will it work,” you ask me. The answer is an emphatic, “NO.” Here’s why. It is not addressing the issue at its core, confidence in real estate values. President Bush came on today and said that it’s going to take time for the plan to work. Eventually confidence will be restored in the market but not because of the Bailout Plan. Nonetheless, like the amazing politician that he is (who else can bankrupt companies he’s worked for and still become president? - you have to admit, he’s a great politician) whenever the economy recovers, he will claim victory for the “Recovery Package.” But I digress. Why won’t the package work? To make a long story short, have you ever been in the line at the DMV? Our government is excellent at raising money, not spending it.
So what’s going to happen now? I hate to give a plain answer for a complex situation but, we’re going to have a flat to modest market for the next couple of years (hopefully) (more on that in a second), a rise in unemployment, pressure on businesses and “rough times.” So, the best you can do is maintain a positive attitude, ignore Wall Street, go about your life and let me report to you the trials and tribulations. Why do I say, “hopefully,” when referring to modest market gains for the next few years? THIS IS THE GREATEST TRANSFER OF WEALTH OUR GENERATION WILL SEE. The opportunities to invest in great companies at bargain level prices is, forgive the pun, PRICELESS! It not only goes for the market and 401k investing but real estate investing now. The risk is in failing to invest right now. Your money buys more now than it will in a year, guaranteed.
Now that my business rant is done, what about politics you say? Who am I voting for? I’m voting for the best candidate for the job, and you should too. What’s the biggest issue for me? We need to re-allocate the wealth to the middle class. A healthy middle class is a healthy country. Which party would do that? I can’t say at this time but haven’t I asked enough questions in this article?
My current Election Prediction ticker: Obama/Biden ticket by 16% - STILL (since my Oct. 1st call)
Debate Score:
McCain: 2
Obama: 2
Neither impressed me. Obama needs to ignore McCain’s attacks and focus on the answers of the questions. McCain needs to stop reporting on Obama’s career and focus on his own political record.
If anyone has some specific stocks they would like me to review just post them in the comment section and hopefully I will get to them the next time I post.
And, I’m going to add a Bit to my posting called, “Disgraced Politician of the Week.” This week’s Disgraced Politician of the Week is Karl Rove. The man who brought us George W. Bush. Karl recently had a link on the front page of Yahoo! that said he predicts a McCain win in November. If I were a Republican, I would be extremely angry that Karl Rove is still a republican public figure. He’s a disgrace. If you’d like to know more, go here http://en.wikipedia.org/wiki/Karl_Rove .
The Bailout Plan is aimed at restoring confidence in the financial system of the United States. “Will it work,” you ask me. The answer is an emphatic, “NO.” Here’s why. It is not addressing the issue at its core, confidence in real estate values. President Bush came on today and said that it’s going to take time for the plan to work. Eventually confidence will be restored in the market but not because of the Bailout Plan. Nonetheless, like the amazing politician that he is (who else can bankrupt companies he’s worked for and still become president? - you have to admit, he’s a great politician) whenever the economy recovers, he will claim victory for the “Recovery Package.” But I digress. Why won’t the package work? To make a long story short, have you ever been in the line at the DMV? Our government is excellent at raising money, not spending it.
So what’s going to happen now? I hate to give a plain answer for a complex situation but, we’re going to have a flat to modest market for the next couple of years (hopefully) (more on that in a second), a rise in unemployment, pressure on businesses and “rough times.” So, the best you can do is maintain a positive attitude, ignore Wall Street, go about your life and let me report to you the trials and tribulations. Why do I say, “hopefully,” when referring to modest market gains for the next few years? THIS IS THE GREATEST TRANSFER OF WEALTH OUR GENERATION WILL SEE. The opportunities to invest in great companies at bargain level prices is, forgive the pun, PRICELESS! It not only goes for the market and 401k investing but real estate investing now. The risk is in failing to invest right now. Your money buys more now than it will in a year, guaranteed.
Now that my business rant is done, what about politics you say? Who am I voting for? I’m voting for the best candidate for the job, and you should too. What’s the biggest issue for me? We need to re-allocate the wealth to the middle class. A healthy middle class is a healthy country. Which party would do that? I can’t say at this time but haven’t I asked enough questions in this article?
My current Election Prediction ticker: Obama/Biden ticket by 16% - STILL (since my Oct. 1st call)
Debate Score:
McCain: 2
Obama: 2
Neither impressed me. Obama needs to ignore McCain’s attacks and focus on the answers of the questions. McCain needs to stop reporting on Obama’s career and focus on his own political record.
If anyone has some specific stocks they would like me to review just post them in the comment section and hopefully I will get to them the next time I post.
And, I’m going to add a Bit to my posting called, “Disgraced Politician of the Week.” This week’s Disgraced Politician of the Week is Karl Rove. The man who brought us George W. Bush. Karl recently had a link on the front page of Yahoo! that said he predicts a McCain win in November. If I were a Republican, I would be extremely angry that Karl Rove is still a republican public figure. He’s a disgrace. If you’d like to know more, go here http://en.wikipedia.org/wiki/Karl_Rove .
Monday, October 6, 2008
The Week In Revew
Well, Sports Fans- I don't know what to say. The Cubs looked like a Little League team versus the Los Angeles Dodgers. I was awfully frustrated and disappointed with their performance. The fact is that the Cubs have scored 12 runs in their last 6 playoff games. They have not won a playoff game since they were up 3-1 in the 2003 NLCS against the Marlins. I had a lot of fun enjoying this season, but the end was anti-climatic. I don't have any other in depth analysis other than to say that "Next year is the year... it's always the year"
On to happier topics, the Bears dominated the Detroit Lions. Kyle Orton threw for over 300 yards, 2 TDs and 0 INTs. Go Bears.
The 49ers couldn't come through against the short-handed New England Patroits. The offense looked great initially, and looked like the Cubs' offense in the second half. No points=loss almost every time.
To be honest, I was a groomsman in my friend, Mike's wedding this weekend so I was not able to watch too much sports this weekend (including the Cubs final playoff game) but I'll end this with my two extremes picks of the week:
Most Impressive Performance: (besides the Dodgers who I will completely ignore) the Washington Redskins. Once again, I was sure they would let down this week (I picked against them in Week 2) and they played a GREAT game against the Eagles. They are making me a believer. You never know- we might be on a collison course for a Bears/Redskins playoff match-up.
Least Impressive Performance: (besides the team from the North Side of Chicago that I've already mentioned) the San Diego Chargers. This team is SOOOOOOOOO talented and Norv Turner is clearly not getting the optimal performance out of his players. They start slow EVERY game. The underacheive every game. LT is coming off as a powdy whiner. I like the Chargers, but I can't stay on the bandwagon if they keep choking in games they should win.
Basically, this was a depressing sports week for me, so it's hard for me to get very excited about much in the way of athletic contests. I will leave you with quick predictions:
World Series: Red Sox beat Phillies
Super Bowl: Dallas beats Steelers
NBA: Sacramento Kings make the 8 spot in the West (bold, ain't it.)
NASCAR: I'll pay attention the day Cole Trickle and Ricky Bobby show up and actually race in a race.
On to happier topics, the Bears dominated the Detroit Lions. Kyle Orton threw for over 300 yards, 2 TDs and 0 INTs. Go Bears.
The 49ers couldn't come through against the short-handed New England Patroits. The offense looked great initially, and looked like the Cubs' offense in the second half. No points=loss almost every time.
To be honest, I was a groomsman in my friend, Mike's wedding this weekend so I was not able to watch too much sports this weekend (including the Cubs final playoff game) but I'll end this with my two extremes picks of the week:
Most Impressive Performance: (besides the Dodgers who I will completely ignore) the Washington Redskins. Once again, I was sure they would let down this week (I picked against them in Week 2) and they played a GREAT game against the Eagles. They are making me a believer. You never know- we might be on a collison course for a Bears/Redskins playoff match-up.
Least Impressive Performance: (besides the team from the North Side of Chicago that I've already mentioned) the San Diego Chargers. This team is SOOOOOOOOO talented and Norv Turner is clearly not getting the optimal performance out of his players. They start slow EVERY game. The underacheive every game. LT is coming off as a powdy whiner. I like the Chargers, but I can't stay on the bandwagon if they keep choking in games they should win.
Basically, this was a depressing sports week for me, so it's hard for me to get very excited about much in the way of athletic contests. I will leave you with quick predictions:
World Series: Red Sox beat Phillies
Super Bowl: Dallas beats Steelers
NBA: Sacramento Kings make the 8 spot in the West (bold, ain't it.)
NASCAR: I'll pay attention the day Cole Trickle and Ricky Bobby show up and actually race in a race.
Friday, October 3, 2008
The cheapest place I've found in the world
With the economy as the lead story in news (along with of course, the Vice Presidential debates, but there's no shortage of bloggers discussing that topic), this week let me introduce you to the cheapest place that I've ever stayed and a lovely little spot in the world.Consider for a future vacation a trip to Muang Ngoi, Nong Khiew (map) and Muang Ngoi Neua in Laos (rhymes with cow, sounds like l-ow, no 's'). But be ready to sit back and relax on a hard piece of wood for many hours to get there.
Muang Ngoi/Nong Khiew is accessible by boat or truck from the city of Luang Prabang (map). If you take the truck, you'll likely be riding with a rooster and depending on how full the truck is hanging off the back of it. The boat however, is extremely scenic, though it will take about nine hours to get there. And you may have to get out and push along the way when the water gets too shallow. Or if you need a break from sitting, the driver will stop a few
times along the way and everyone will jump out of the boat for a bit of swim. All along the way, kids play in the water and squeal as when a boat approaches and then all wave frantically as the boat passes. I don't think the local fishermen appreciate the boatloads of loud tourists and roaring engines. Check out the map link above - this place is quite remote, but it's still on the backpacker trail and there are plenty of people around to meet and visit with from around the world.The next town, Muang Ngoi Neua, is up the river and only accessible by boat. It was here in 2005 that I found my cheapest guesthouse in the world - $1.00 per room, or if you share, only
50 cents a person. (There have been those nights I've spent in parks, train stations and other free locations - but that's for another post) Every guesthouse and restaurant is frequented by local children who are often the translators with the tourists. They are extremely inquisitive and think nothing on sitting in your lap and checking out the random mementos that might be tied onto one's wrist or backpack and demanding they be taken off (in my case - it was a rubber chicken).Even here, there is still a strip of restaurants that serve food to the backpackers in town. One thing about small towns though, is that they are reliant on a generator and candles, so if the generator goes out, there goes all hope for a cold beverage. If the generator is working - drink up! While enjoying a meal in one of the restaurants you may notice a with drawings of UXO's or unexploded ordinances. This is a sobering reminder of the land mines that are still found in this area and a reminder to make a
mental note to stay on marked paths.The best part about a visit to these cities is all of the hammock time, the time wandering the (marked) trails, sitting out by river and just relaxing. Remove the bustling markets of Bangkok, the traffic, the large population and suddenly the world is a lot quieter. The sounds here are mostly of the children. Splashing around the water. Giggling at a picture of themselves taken by a tourist with a digital camera. A little girl proud of the tiny fish she caught.
If you have the patience, and a tough derriere, traveling is easy here.
Life is slower. There's often only one option of how to get from here to there, so there are less decisions. Buses don't often doesn't show up when they are scheduled. When that happens, sit back, relax and hope that the bus will come tomorrow. And it might or it might not. If not, there's still a beautiful land, laughing children and plenty of people to talk to. And maybe, if you're lucky, a cold beverage at the end of the day.
Wednesday, October 1, 2008
Arizona Debate School
Things have happened in the business and political world since my post a week ago. The largest bank failure to date occurred, our government denied the Bailout Bill that “cost” wall street $1.3 trillion paper money the next day, and the Vice Presidential Debate was scheduled for Thursday at 6p.m. PST.
I had a long explanation written regarding the Bailout Bill but I decided to scrap it and look at the larger picture. The Pros are saying, “don’t change your game plan, invest for the long run.” Meaning, don’t sell stock, don’t re-organize your portfolio, don’t flee to T-bills, and don’t cash out and buy gold. The very same people who are telling you this are the people who are pleading for the Bailout Bill and if it doesn’t happen, well, there might as well be a meteor hurtling towards the earth with no one to stop it but Steve Buscemi. I’d like to make 3 points based on that comment: 1.) stay invested, stay strong, now is the time to amass assets at cheap prices 2.) If the pros are telling us invest for the long term, and we all know the economy will recover as it always does, then why do we need the Bailout Bill? and 3.) I have two possible actors for the Steve Buscemi character, Ben Bernanke, Hank Paulson, now be free and go watch the movie.
So what do you do? STAY INVESTED, INVEST MORE THAN USUAL NOW, and don’t look at your statement’s bottom line. My safe STOCK investing idea for the moment? GE, MO, VZ
On the political front, Thursday is the Vice Presidential Debate at 6p.m. PST. I would like to know from someone who is voting the republican ticket in November to post 2 reasons why they are voting the way they are voting. I would like someone to explain to me their reasoning. Without telling you who I’m voting for I’ll try to sum up the debate with a couple bipartisan key points. Look I used everyone’s favorite word of the month, “bipartisan.” I’m going to use that word from now on to refer to anything that has to do with working together or cooperation, fun.
Biden must not shred Palin to pieces for fear of looking like a petulant egomaniac. Biden needs to focus on the topics and not act reactionary to Palin’s comments. This technique would allow him to introduce his ideals and political stances to the public while not coming off negative.
Palin is the public’s underdog. If she can control the pace of the debate it will work to her favor. She is probably more likely to show weakness, therefore, controlling the pace will allow her to stay within her comfort level. I’m not sure how much someone can learn at the McCain Arizona Debate Camp, but Palin needs to memorize hard facts; economical, political, and international relations. She needs to leave small town politics out of the debate and talk about the larger issues and how she is qualified to perform the duties of Vice President of the United States of America.
My current Election Prediction ticker: Obama/Biden ticket by at least 16%
Two final questions: Why is Dancing With the Stars the only show on television now? And, why is Monday Night Football not on NETWORK TELEVISION?
-Erik
I had a long explanation written regarding the Bailout Bill but I decided to scrap it and look at the larger picture. The Pros are saying, “don’t change your game plan, invest for the long run.” Meaning, don’t sell stock, don’t re-organize your portfolio, don’t flee to T-bills, and don’t cash out and buy gold. The very same people who are telling you this are the people who are pleading for the Bailout Bill and if it doesn’t happen, well, there might as well be a meteor hurtling towards the earth with no one to stop it but Steve Buscemi. I’d like to make 3 points based on that comment: 1.) stay invested, stay strong, now is the time to amass assets at cheap prices 2.) If the pros are telling us invest for the long term, and we all know the economy will recover as it always does, then why do we need the Bailout Bill? and 3.) I have two possible actors for the Steve Buscemi character, Ben Bernanke, Hank Paulson, now be free and go watch the movie.
So what do you do? STAY INVESTED, INVEST MORE THAN USUAL NOW, and don’t look at your statement’s bottom line. My safe STOCK investing idea for the moment? GE, MO, VZ
On the political front, Thursday is the Vice Presidential Debate at 6p.m. PST. I would like to know from someone who is voting the republican ticket in November to post 2 reasons why they are voting the way they are voting. I would like someone to explain to me their reasoning. Without telling you who I’m voting for I’ll try to sum up the debate with a couple bipartisan key points. Look I used everyone’s favorite word of the month, “bipartisan.” I’m going to use that word from now on to refer to anything that has to do with working together or cooperation, fun.
Biden must not shred Palin to pieces for fear of looking like a petulant egomaniac. Biden needs to focus on the topics and not act reactionary to Palin’s comments. This technique would allow him to introduce his ideals and political stances to the public while not coming off negative.
Palin is the public’s underdog. If she can control the pace of the debate it will work to her favor. She is probably more likely to show weakness, therefore, controlling the pace will allow her to stay within her comfort level. I’m not sure how much someone can learn at the McCain Arizona Debate Camp, but Palin needs to memorize hard facts; economical, political, and international relations. She needs to leave small town politics out of the debate and talk about the larger issues and how she is qualified to perform the duties of Vice President of the United States of America.
My current Election Prediction ticker: Obama/Biden ticket by at least 16%
Two final questions: Why is Dancing With the Stars the only show on television now? And, why is Monday Night Football not on NETWORK TELEVISION?
-Erik
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