According to US census data, there are 131,704,730 “housing units” in the United States (as of 2010) and there are 112,611,029 “Households.” If those numbers aren’t scary, let me add more concern by foreshadowing another starling danger about the US real estate market. The baby boomer generation is reaching retirement age. In fact, many estimates […]
Investing
Do Not Be a Monday Morning Quarterback Trader
As I previously posted a few days ago, I sold out of the market completely. I had the following securities: DOW, AMD, and X which were all up about 8-10%, and I sold. I stand by my decision and still think the market has a higher statistical chance of going down than up. All that […]
The Dow Jones Soars up 339.51 Points, Time to Sell
The Street goes sky high on news of a deal on the debt crisis in Europe, and the DOW Jones returns to early August 2011 levels – but its time to get out (in my unprofessional opinion.) I like people who back what they say with action so let me disclose to you that as […]
Reasons Not to Pay Down Your Mortgage
Typically personal finance bloggers would tell you the joys of living mortgage free, but I’m here to show you why there are times you do not want to pay down your mortgage. 1) You are borrowing money at a low rate (30 year is currently around 4.25%), to throw all of your spare cash against […]
Gold is Still Arguably Cheap.
Gold might not be as overpriced as you think. This is opinion of course, but let me show you why this is my opinion. Let’s start with the fact that gold cost only $35.94 on average per ounce in 1970 (41 years ago) and the 70’s is when all of the gold speculation really started. […]
Even the Best CDs Are Not Worth The Paperwork
With today’s dismal interest rates, even the best CDs (certificate of despot) are not worth the paperwork. I find it interesting that some people opt into Certificate of Deposits (CDs) as long term investments. Right now a CD is running right around 1% for a 12-month, if you get the most competitive rates. I’ve even […]