I stumbled upon a very strange thing this week when I was traveling for business through a rural part of Ohio … Setting the Scene: I had finished work, ate some dinner, and was looking for a place to chill out on my laptop. With limited options, I found a local Tim Horton’s Coffee & Bakery shop and decided to hang out there. When I entered, the first thing I noticed was the place was packed! “Perhaps this was the happening place to be on a Wednesday night” I thought. So I ordered my coffee, took a seat, and got on my computer. The majority of the people that were there looked … [Read more...] about Yes, People Still Fall for Pyramid Schemes
Have you ever gone to buy something and it seems like all the forces of the world are against you? I’m talking about walking into a store with money in hand, and yet the staff seems to do everything in their power NOT to help you? I know that sounds pretty ridiculous, but this is something that I observe all the time. And to make matters worse, I can think of a lot of other people that have brought it up as well! Why is this?? When I’m about to make a relatively huge purchase, shouldn’t there be a little more eagerness to work with me? Or are employees really just that apathetic? Here … [Read more...] about Why Is It So Hard To Buy Something?
Is there any coincidence that unemployment rates seem to be improving in the year before the next US presidential election? No matter if you side with the Democrats or Republicans, the issues of job creation and the economy will be hot ones for each of the candidates – in particular to the ears of the middle class voters. But will any of them have any fresh remedies to reverse what has been happening to the middle class for decades prior? The Slow Erosion of the Middle Class: Unfortunately, it seems doubtful. According to a recent article from Fortune Magazine featured on CNN Money, the … [Read more...] about What is Happening to the Middle Class?
Okay, this one is too much fun to pass up. Consider it your Sunday comic blog post … A few weeks ago, MSN covered a quirky article from the blog Centives entitled “How Much Would it Cost to build the Death Star?”. Yes, that would be Darth Vader’s Death Star; the giant planet-like weapon from the first 1977 Star Wars movie (or Episode IV if you’re a true nerd!) The blog, ran by students at Lehigh University in Bethlehem, Pennsylvania, used some logical reasoning to estimate the size of the Death Star and roughly how much steel the creation would consist of. Here are the highlights: … [Read more...] about Buy Your Own Death Star for $852 Quadrillion
It’s the real life “Revenge of the Nerds” triumph story: Facebook will finally be announcing an IPO (initial public offering) making everyone involved unimaginably rich! For anyone who doesn’t know what an IPO is, it’s when a company sells its stock to the public for the first time. It’s usually a big deal because it gives the company the chance to raise a ton of money while it gives the public a chance to own a part of the company and capitalize of their success. For example, I could kick myself back in 2004 when Google first went public and sold for $85 a share. This week it … [Read more...] about What Does the Future Hold for Facebook?
I hope you had a safe and happy New Year! As we start off 2012, many of us will have several personal as well as professional goals for the months ahead. I’m going to begin the New Year for this blog with a couple of series of posts that explore some of the basic principles of investing and financial education. Hopefully some of the topics we explore will provoke you to explore your own priorities as well as give you a more solid foundation to investing. Enjoy! … [Read more...] about Happy New Year!
My wife and I just returned from a short vacation to a local casino. We went there to see our favorite comedian and decided to make an overnight trip out of it. This included hitting the casino floor to test our luck. We had a great time and surprisingly won back almost all the money we started with. More than once I heard skeptics compare investing to gambling. “What’s the point? I might lose all my hard-earned money!” Yes, it is true that you could put all your money on one stock and lose it all. But that would also be a ridiculous and non-advised investment strategy. Taking a more … [Read more...] about Gambling at the Casino – Still Not Really Investing
Merry Christmas everyone! I’d like to thank all my readers and visitors for making this a very encouraging first year of blogging. I wish everyone the best in health and happiness! … [Read more...] about Merry Christmas!
Did you receive a weird email from “OnlineDVDclass”? If you did, it’s not some stranger trying to sell you unnecessary courses over the Internet. No, you’ve officially been invited to take part in a class-action lawsuit involving Netflix and Wal-Mart. This past fall, I ditched Netflix when they decided to double the cost of their subscription service (click here to read my post). Apparently, I wasn’t the only one. Thousands of other subscribers have left as well, and the stock is down 63% over the last 3 months. … [Read more...] about More Bad News for Netflix
When it comes investing, very few of us think about “defense” as much as we think about the “offense”. It’s easy to want to put money into something when the value of it goes up and up, but we never think about how it could come back down (and fast!). Sound familiar? Anyone with a mortgage knows this scenario all too well. So as the major indexes begin to perk up, it’s natural to wonder: • What will the next big economic bubble will be? More importantly, how can I avoid the next big bubble and not become a victim? There are a lot of interesting theories and opinions out there. The … [Read more...] about What Will Be Our Next Economic Bubble?