Monthly Archives: April 2009

Quote of the Day: Bruce Lee could’ve have been one hell of a trader!

Be like water making its way through cracks. Do not be assertive, but adjust to the object, and you shall find a way round or through it. If nothing within you stays rigid, outward things will disclose themselves.

Empty your mind, be formless. Shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle and it becomes the bottle. You put it in a teapot it becomes the teapot. Now, water can flow or it can crash. Be water my friend.


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Filed under Random Quotes

Random Fact: Obama on the budget “Let’s save millions and blow trillions”

President Barack Obama on Monday directed his cabinet secretaries to slice $100 million out of their departmental budgets–an amount equal to 0.007 percent of the deficit spending Obama plans to undertake in 2010.

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Filed under Politix, President Obama, Random Quotes

Government: Don’t you know the stress test is a lose-lose


are-you-an-overnight-make-money-online-superstar1-300x287My Comment: I’m sick of hearing about bank stress tests.  It’s a joke and the Government has mismanaged this from the beginning.  First the Government couldn’t decide if they were going to publish the results.  Now, they say they will publish the results and that no bank will fail the test.  So is this a case of participation alone gets you a gold star?  The public and investors are supposed to feel good about a transparent “stress test” that no bank fails. 


In my opinion, the results should not be published.  The Government will have the ability to pick and choose which banks win and lose from the stress test, by publishing which banks are healthy than the others.  Another potential problem is how much data is the Government going to release; just the score or a detailed report.  If the release is skinny on details, I suspect investors will view this as a bad sign, because the government is trying to hide just how bad the results are. 


From the Los Angeles Times


Bank bailout plan’s ‘stress tests’ already causing stress

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Filed under Credit Crisis, Did The Fed Play A Role in Asset Bubble, Economy, Politix, President Obama, Stock Market, The Bailout Sucks

Obama is playing politics as usual


A Tax Cut for 95 Percent of Working Families? I don’t think so.


Obama: “My plan will provide a tax cut to 95 percent of all working families…”


  • You can’t cut taxes on 95 percent of working families because according to the  IRS about one-third of all income tax filers don’t have an income tax liability.  

  • About 15 percent of all working families don’t even have a FICA tax liability, and these numbers are before taking into effect all the new refundable tax credits of the Obama budget. 

  • Call a spade a spade, Obama is redistributing income to “working families.”

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Filed under Death and Taxes, Economy, Politix, President Obama

Republicans are smarter than Democrats on financial matters? So what, we are all under educated on these matters


Source: Pew Research

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Filed under Death and Taxes, Economy, Humor, Personal Finance, Politix, Stock Market

Retirement planning mistakes


 This economy is making it clear to more and more people that their retirement expectations will come up short.  Aviod the following mistakes and you will be much better off.

(1) Failing to start saving early.  It’s never too late to start.  The impact of compound interest is sexy!

(2) Failing to save enough.  Small sacrifices now can make a big difference when the law of compound interest is on your side.

(3) Planning on social security to replace the bulk of your income.  It’s more likely that over time benefits will see a decrease. 

(4) Depending solely on your company pension plans.  Most pension are designed to only replace a portion of your income.

(5) Being “recklessly agressive” or “uber conservative” in your investments before and during retirement.  The current market has shown us while being ultra agressive close to retirement can have life changing consequences.  Being too conservative can be a “safe strategy to go broke.”  Annuities, CDs and some fixed income typically don’t yield much over inflation rates, so investor’s purchasing power over time can be substantially diminished.

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Filed under Economy, Inflation, Personal Finance, Stock Market

Gallup Poll: Shocker, Americans more concerned about quality of retirement


My Comment: Investors concerns and euphoria follow the Dow Jones Industrial average.  It’s interesting the savings rate is finally starting to nudge higher, but I assume that has more to do with people’s concerns about the economy and losing their jobs than a long term change in savings pattern.  Once the markets and economy rebound, I think we will once again see the savings rate slide off a cliff.  However, we can hope this economy could be the wakeup call that changes the savings and consumption pattern of a generation.  We will have to wait and see.

Source: Gallup Poll

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Filed under Credit Crisis, Economy, Personal Finance, Stock Market