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Archive for November, 2007

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How the Heck Did This Woman Get a Mortgage?

Tuesday, November 27th, 2007

From Citigroup Feels Heat To Modify Mortgages ($) in yesterday’s Wall Street Journal: Ana Cecillia Marin, a 36-year-old single mother of three, owns a 20-year-old ranch house on a dusty, garbage-strewn acre in Palmdale, Calif. She says she earns $34,000 a year managing flower sales at a Los Angeles food store and selling clothes on […]

It’s Been a Bad Year For Bank Shareholders!

Tuesday, November 27th, 2007

That’s a chart of this year’s performance of the Dow Jones Bank Index, which is a wieghted index of 88 banks. Looking at the chart, it appears that 2007 is going to be a horrible year for bank stocks. Consider this: Of the 86 remaining banks* in the Dow Jones Bank Sector Index, 80 have […]

JLP’s Weekly Roundup (Week of November 19, 2007)

Tuesday, November 27th, 2007

Taking a week off put me slightly behind on my roundup schedule. Anyway, here’s a short roundup of the MoneyBlogNetwork happenings over the past week: Nickel renews his distaste Dish Network. Jim reviews 100 Minds That Made the Market. Speaking of reviews, Flexo reviews Russell Bailyn’s Navigating the Financial Blogosphere. – I received a copy […]

Why Companies Use Reverse Stock Splits

Monday, November 26th, 2007

While working on another post, I came across Doral Financial, a company whose stock was trading at $2.87 on December 29, 2006. Today it’s trading at $18.70. At first glance that looks like a stellar rate of return so far this year. You would be wrong. Why? Because on August 17, 2007, with the stock […]

Do You Know How To Work?

Monday, November 26th, 2007

Ben’s basic message is that “while almost everyone I know went to college, very few learned how to actually work — i.e., how to give an honest day’s labor for a paycheck.”

How To Lessen Your Financial Worries – Advice From Dale Carnegie

Monday, November 26th, 2007

I like old books. Even though some of the advice in Dale Carnegie’s How to Stop Worrying and Start Living (Affiliate Link) is dated (as you’ll see below) it amazes me how common sense never goes out of style. Here’s Dale Carnegie’s 11 Principles for Managing Your Money: Rule No. 1: Get the facts down […]

I’m Baaaaack!

Monday, November 26th, 2007

It’s hard to believe that it has been a week since I last posted! Time flies! We had a great Thanksgiving. My family started arriving on Wednesday afternoon. We had 17 people staying at our house (including my family). On Thanksgiving day we had 28 people in our house. It was a bit cramped but […]

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