Bulls verses Bears

Posted on February 9, 2012 by J.Wenger

This is a concept I’ve been toying with for a while: A recurring article subject called Bulls verses Bears, or something similar, where I post columns I’ve found over the week that seem to contradict one another.

For example, some headlines Marketwatch.com this week:

Feb. 7, 2012
Overbought market due for a correction
http://www.marketwatch.com/story/overbought-market-due-for-a-correction-2012-02-07

Feb. 8, 2012
Bruce Bittles: Stocks due for a pullback
http://www.marketwatch.com/story/bruce-bittles-stocks-due-for-a-pullback-2012-02-09

Feb. 9, 2012
Inevitable market pullback postponed
http://www.marketwatch.com/story/inevitable-pullback-in-shares-is-postponed-2012-02-09

My goal isn’t to tell you what will happen or what to think. Instead, I want to highlight differing opinions of the same situation. Hopefully, these articles will help improve your ability to cut the wheat from the chaff when it comes to the information you use to make investment decisions.

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Quote of the Day – Keynes

Posted on January 27, 2012 by J.Wenger

Any time you (or anyone else for that matter) “think” or “know” that the market “must” do something, remember these words:

“Markets can remain irrational longer than you can remain solvent.”
~John Maynard Keynes

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The Root of All Evil?

Posted on January 19, 2012 by J.Wenger

Red Eyes Black BackgroundMoney! Money is the root of all evil. Right?

Wrong.

Maybe it’s a pet peeve of mine. But this phrase just irritates me to no end. It’s one thing to misquote someone…happens to everyone. But before using any statement as a basis for any argument, check the facts. Especially if you’re representing the Occupy Wall Street movement on a national broadcast…just sayin’.

This quote comes from the Bible; specifically passage 1 Timothy 6:10.

For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. – King James Bible (Cambridge Ed.)

So…the root of all evil is? The LOVE OF money. It is how YOU think and act towards money that is good or evil. Money is just an object – something we use to exchange goods and services.

I often wonder how many people are subject to a life of poverty, lack, and struggle because they falsely believe their God says money is evil.

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Correlation versus Causation – I think not!

Posted on January 11, 2012 by J.Wenger

Hat Tip to Barry Ritholtz for this one…love it.

Bull and bear sharing a drink

Sources:
The Gaping Void

Home | New

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Year End Cashflow Report – Paper Income during 2011

Posted on January 8, 2012 by J.Wenger

———-

Here’s a great example of how to crush a yearly review.

Good with the bad, and a list of things to improve next year…very much in line with my principles of investing.

Way to go Troy. Check it out for yourself!

T. Knight's avatarInvesting for Cashflow

Welcome to the Investing for Cashflow Report – 2011 Edition!

Last month, this blog passed the one year mark, so it was only fitting that we have a cashflow report for 2011. If you have your own 2011 year-in-review, please post a link in my comments section so that we can all learn about your successes and failures. As you’ll see below, there is always room for improvement.

As always, I will use this report to:

  1. Help me track my progress towards financial independence
  2. Maintain my focus on increasing paper income and meeting my goals each month
  3. Provide an example of creating an income from investing/trading (actually making money)
  4. Get your feedback on ways to improve

Enjoy!

2011 Overview

As an overall gauge of the US equity markets, I follow the NYSE (NYA). It the broadest of the indexes, and all the ETFs I use for covered calls follow components…

View original post 2,002 more words

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New Year’s Resolutions – Financial Edition

Posted on January 2, 2012 by J.Wenger

Welcome to 2012! At the start of each new year, there is a lot of talk about making (and breaking) resolutions. Invest Safely has the resources you need to get off to a better start this year.

Need help with how to set your goals so that you won’t break them tomorrow? Check out how to set goals using the SMART goal method (http://www.invest-safely.com/smart-goals.html).

No sure what kind of financial goals you should have? Here are some ideas to get you started:

  1. Calculate Your Yearly Cashflows
  2. Pay Yourself First
  3. Emergency Fund
  4. Pay-off Debt (High Interest Rates)
  5. Invest in a Roth IRA
  6. Pay-off Debt (Low Interest Rates)
  7. Save a Down-Payment for a Home (if necessary)

An in-depth explanation for each of these goals awaits you at http://www.invest-safely.com/personal-finance-goals.html. And if you’ve already covered these two aspects of personal finance, you’ve already applied the 1st principle of safe investing!

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DINKS

Posted on December 19, 2011 by J.Wenger

Cartoon of family bumper stickers

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