Archive for November, 2010
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Tuesday, November 9th, 20101. If your goal is a job, don’t try these six crazy job search ideas. 2. The 50/30/20 Budget. Needs/Wants/Savings. They left out tithing/charity. 3. Here are six frugal tips from billionaires. A billionaire driving a 15-year old truck. Why? 4. Financial advisors show poor market timing. 5. Investment pitches to avoid. General advice but [...]
Life Insurance Ownership at a 50-Year Low
Tuesday, November 9th, 2010The poor economy has led Americans to cut corners on their life insurance—at levels not seen in half a century, according to a new study. Only 44% of U.S. households have individual life insurance, according to the latest Trends in Life Insurance Ownership, a study conducted every six years by Limra, the investment research company. [...]
Donald Trump’s Solution for Creating Jobs in America: A 25% Tax on Chinese Imports
Friday, November 5th, 2010I was watching Greta Van Susteren’s interview with Donald Trump last night. During the interview, Greta asked Trump about how to create jobs in America. His response was to put a 25% tax on Chinese imports. His theory is that the Chinese aren’t playing fair (currency manipuation) so the tax (tarriff) is justified. He also [...]
John D. Rockefeller’s Job Search as a 16-Year Old
Thursday, November 4th, 2010I’m currently reading Ron Chernow’s Titan: The Life of John D. Rockefeller, Sr.*. I found the passage about Rockefeller’s job search as a 16-year old interesting: Perhaps no job search in American history has been so mythologized as that begun by sixteen-year-old John D. Rockefeller in the sweltering Cleveland of August 1855. Although he was [...]
Political Gridlock is Good for Investing
Wednesday, November 3rd, 2010As a conservative, I was hoping for a GOP takeover of the Senate along with House. It didn’t happen. Oh well. Regardless, if history means anything, having a house of one party and a president of different party is good news for the stock market. Take a look at the following graphic I put together [...]
Ten for Tuesday, November 2, 2010
Tuesday, November 2nd, 2010DON’T FORGET TO VOTE! 1. Why Economy’s Growth Isn’t Easing Unemployment. “A growth rate of 5 percent or higher is needed to put a major dent in the nation’s 9.6 percent unemployment rate.” 2. Kirk Kinder: Why My Wife Will No Longer Shop at Target. Regardless, I can’t imagine going to Walmart over Target. Our [...]
“7 Twelve” Portfolio October 2010 Update
Monday, November 1st, 2010Here are the total returns for the 7 Twelve Portfolio through October 2010 (Click to see a larger version): NOTES: This portfolio assumes $1,000,000 initial investment with a 5% income withdrawal on December 31, 2009 for a net investment of $950,000. The portfolio also does not include trading costs. The Vanguard REIT Index ETF is [...]
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