Another example of how to organize your personal finances using the concepts from Rich Dad Poor Dad.
Invest Safely - Valuable, time-saving info about personal finance, money management, and investing.
How to Create the Budget of the Wealthy – Creating a Cash Flow Plan
Posted in Money Management, Other Blogs, Personal Finance
Tagged personal balance sheet, personal budgeting, personal financial statements, personal income statement
Comments Off on How to Create the Budget of the Wealthy – Creating a Cash Flow Plan
Weekend Market Outlook
Market Outlook entering the Week of Feb 8th = Mixed
MOVING AVERAGES
- Short-term (20 DMA): Uptrend
All the major stock market averages ended the week above their 20-day moving averages.
- Intermediate (50 DMA): Uptrend
All the major stock market averages ended the week above their 50-day moving averages.
- Long-term (200 DMA): Uptrend
All the major stock market averages ended the week above their 200-day moving averages.
COMMENTARY
Another week, same story; high volatility. We can now say that the market has been range-bound or trendless to start 2015. Combined with the high volatility we’re seeing each day, it’s no surprise that short and mid-term trading signals are switching from buy to sell to buy on a daily basis. Until market prices are able exit the range (to the upside or the downside), I expect the market outlook to remain “mixed”.
Intermediate-term Elliott Wave Analysis reversed course again (verses last week’s downtrend) and shows a uptrend. With regard to support levels, the S&P500 returned to the support level two weeks ago:
- Resistance: 2,070 / 2,085
- Support: 1,973 / 2,019
Price and volume analysis continues to show a struggling stock market, with another day of high-volume selling added to the count.
Trendless or sideways markets are a great time to prune your portfolio. Your strongest stocks (fundamentally/technically speaking) will likely be the same stocks that large institutions are holding. When a new trend finally takes hold, your primed for profit. If the market rallies, stocks that weather the storm will continue to perform well. If the market goes into bear mode, the strong stocks will be the last to follow the trend, allowing you a profitable exit.
Remember, the only “good” investments are the ones that make you money!
For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro
2015-02-08 – US Stock Market Averages
Posted in Historical Data, Market Trends, Other Blogs
Tagged elliott wave theory, fundamental analysis techniques, investing process, safe investing, technical analysis techniques, US Stock market
Comments Off on Weekend Market Outlook
Weekly Reader – Personal Finance, Money Management, and Investing
Personal Finance
- Just how risky is your portfolio? (WSJ)
Money Management
- Diversified portfolios don’t require alternative assets (Servo Wealth Management)
Investing
- Income Investing – Example of How to Set Goals for Dividend Investing (DGI)
- Growth Investing – Even Bogle is nervous, but advises we stay the course (Value Walk)
Odds and Ends
- Amazing places to visit using all those investing profits! (Yahoo!)
Bill Young/Flickr – Thor’s Well – https://www.flickr.com/photos/by_photo/
Posted in Investing, Money Management, Personal Finance
Tagged growth investing, income investing, money management, personal finance, safe investing
Comments Off on Weekly Reader – Personal Finance, Money Management, and Investing
A New Kind of Investment Outlook
Outstanding article on investing…give it a read.
2015 Outlook
Forecasting Follies
Nobody’s perfect.
That universal truth is easy to prove, of course, and no sane person would deny it. Indeed, even the smartest of us are far from immune even in our areas of expertise when we’re actively trying to do our best. A famous study by the U.S. Institute of Medicine concluded that up to 100,000 people die each year due to readily preventable medical errors. Since physicians are among the smartest and most highly trained professionals imaginable, being stupid is obviously not a prerequisite for making mistakes, even horrible mistakes.
It’s also easy to prove our how error-prone we are in the investment world. Every year I take a look at various predictions for the year that’s ending and they are uniformly lousy in the aggregate. Moreover, when somebody does get one right or almost right, that performance quality is not repeated in subsequent years.
View original post 5,490 more words
Posted in Other Blogs
Comments Off on A New Kind of Investment Outlook
Weekend Market Outlook
Market Outlook entering the Week of Feb 1st = Mixed
MOVING AVERAGES
- Short-term (20 DMA): Downtrend
With the exception of the Dow Jones Industrial, all the major stock market averages ended the week below their 20-day moving averages.
- Intermediate (50 DMA): Downtrend
With the exception of the NYSE Composite, all the major stock market averages ended the week below their 50-day moving averages.
- Long-term (200 DMA): Uptrend
All the major stock market averages ended the week above their 200-day moving averages.
COMMENTARY
Last week was a rough one for investors. Even sectors that held up relatively well the past few months, such as utilities and consumer goods, were hit hard.
Intermediate-term Elliott Wave Analysis reversed course (verses last week’s uptrend) and shows a downtrend underway. With regard to support levels, the S&P500 slipped a notch, with last weeks support level becoming a resistance level this week (2,019):
- Resistance: 2,019 / 2,070
- Support: 1,956 / 1,973
From a technical analysis perspective, all the major market averages have now encountered a “death cross” in their short-term moving averages. In this case, the 20 and 50 day moving averages crossed, which corresponds to a short-term downtrend.
Price/volume analysis starts this week in a cautionary mode, due to several days of high volume selling last week.
Safe investors always protect against losses, regardless of the time frame, because there are always new opportunities for those who still have money to invest!
For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro
2015-02-01 – US Stock Market Averages
Weekly Reader – Personal Finance, Money Management, and Investing
Personal Finance
- Stricter broker rules for your 401k (Bloomberg)
Money Management
- Seven common IRA Mistakes (Marketwatch)
Investing
- Income Investing – How to Make Your Retirement Dollars Last Forever (DGI)
- Growth Investing – Breaking up with Bogle (Bloomberg)
Odds and Ends
- Ginormous Porsche 911 Wallpaper (Jalopnik)
1993 Porsche 911 Carrera 2
Posted in Investing, Money Management, Personal Finance
Tagged growth investing, income investing, money management, personal finance, safe investing
Comments Off on Weekly Reader – Personal Finance, Money Management, and Investing
Weekend Market Outlook – ECB QE edition
Market Outlook entering the Week of Jan 25th = Uptrend
MOVING AVERAGES
- Short-term (20 DMA): Uptrend
With the exception of the Dow Jones Industrial, all the major stock market averages ended the week at or above their 20-day moving averages.
- Intermediate (50 DMA): Uptrend
With the exception of the NYSE Composite, all the major stock market averages ended the week at or above their 50-day moving averages.
- Long-term (200 DMA): Uptrend
All the major stock market averages ended the week above their 200-day moving averages.
COMMENTARY
High volatility continues to be the order of the day.
Price/volume analysis kicked of last week with an uptrend under pressure, but positive news from the European Central Bank put investors back into buying mode and the market into an uptrend. A 1.2 trillion Euro quantitative easing (i.e. “QE”) program tends to do that.
Intermediate-term Elliott Wave Analysis returned to an uptrend (verses last week’s uptrend in jeopardy). With regard to support levels, the S&P500 appears range-bound between 2,085 and 1,973 (~6%):
- Resistance: 2,070 / 2,085
- Support: 1,973 / 2,019
A boost from QE is nice, but may be short-lived. The outcome of Greek elections is the wild card; in terms of the winning party, their stance on austerity, and the markets reaction to that stance.
The good news is that last week’s message still holds true: you can harness a volatile market if your process is focused on a short-term time frame (1-2 weeks) and you have entry and exit signals to match. If you have a longer time frame, these ups and downs can be emotional if you don’t trust your system.
Safe investors always protect against losses, regardless of the timeframe, because there are always new opportunities for those who still have money to invest!
For the detailed Elliott Wave Analysis, go to the ELLIOTT WAVE lives on by Tony Caldaro
2015-01-25 – US Market Averages
The Safe Investing Blog 