Obama on 20 key issues related to YOUR Money
From CNN: “During his campaign for the presidency, Barack Obama explained where he stands on many of the economic issues that matter most to Americans.”
Categories: 401(k), In the News, Insurance, Personal Finance, Real Estate, Roth 401(k), Saving Money, Taxes Tags: 2008, elections, obama
Jim Cramer: Get out of the stock market if you need your assets in the next five years
That’s essentially what Jim Cramer is saying.
“I thought about this all weekend. Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now.”
“I don’t care where stocks have been, I care where they’re going, and I don’t want people to get hurt in the market. I’m worried about unemployment, I’m worried about purchases that you may need. I can’t have you at risk in the stock market.”
But what if you can wait longer than 5 years… ?
“I think what you have to do, if you can withstand it, is just ride it out,”
“I think the previous quarter, the one we’re now hearing from, was a terrible quarter – but it will look good versus the coming quarter.”
Categories: 401(k), 529, Calculators, College, Education, Investments, Loans, Personal Finance, Retirement Planning, Roth 401(k), Roth IRA, Time is Money Tags: Cramer, Jim Cramer, MSNBC
Financial infidelity: The marriage breaker
I hope you enjoyed the last not-so-serious Onion video. Alright, sit up and get ready for something important.
Financial infidelity: The marriage breaker. Secretly overspending from the family coffers can be a deadly to your marriage.
Categories: 401(k), Auto, Budgeting, Credit Cards, In the News, Loans, Must Read 10 Times Per Month, Personal Finance, Retirement Planning, Roth 401(k), Roth IRA, Saving Money, Student Loans Tags:
How do I invest in the Chinese Yuan ?
Apparently, if your thinking 10 to 20 years in advance the Chinese Yuan might be a good choice… Pay close attention to Craig Karmin’s response to this question/statement: “How worried should we be about the rise of the Euro, I mean the Dollar look weak agaist the Euro.”
Some replies on Yahoo Answers
“Just buy a mutual fund or ETF that invests in Chinese stocks. You will get the benefit of effectively holding the Yuan. D” . Response from Heavy D
I know an indirect way. Buy a mutual fund that invests in Chinese stocks or buy Chinese stocks or buy them both. A rise in the Yuan will translate into a rise in the comparative value of the stocks when translated into U S dollars. Actually, the Chinese stocks will most likely outperform the U S stocks during the next 5, 10 and 20 years so you will potentially receive a double benefit.
Here are a couple of Chinese stocks traded as ADRs: CHL and ACH
Here are a couple of closed end mutual funds currently selling at whopping discounts to net assets: CHN, TDF.
Response from muncie birder
Categories: 401(k), Insurance, Investments, Must Read 10 Times Per Month, Roth 401(k), Saving Money, Uncategorized Tags: