June 2008

Stock markets to Crash or Surge this week

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How fickle financial market pundits are. Just a few weeks ago many experts were saying that the worst of the credit crisis was behind us and that company valuations were looking extremely attractive. In fact, a number of these so called experts were saying that people should even get back into financials and other distressed [...]

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World Wealth Report : Ten million millionaires and counting

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The number of millionaires (high net worth individuals) in the world hit 10.1 million last year according to the 2008 World Wealth Report. A high net worth individual (HNWI) is someone with net assets of at least $1 million, not including their primary residence. It would be great to join this list someday, though with [...]

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Flying United – A terrible experience

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I recently returned from a trip via Europe and flew United Airlines on both legs to and from there. I can honestly say that it was one of my worst experiences flying an American carrier. Over the last year I have flown on a number of American and non-American airlines and it is unfortunate to [...]

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>$150 Oil! Buy Oil or Short Oil – this is the ETF to use

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>As a consumer I am constantly feeling the pain of rising oil prices whenever I fill gas in my car. As an investor though, I regret missing out on the run up in companies that benefited from higher oil prices. It seems that apart from energy related stocks all other equities are generally heading south. [...]

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Effectively using freed up Daycare dollars

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The cost of daycare for preschool age children can be one of the most significant expenses parents face. According to information collected in 2005 by the National Association of Child Care Resource and Referral Agencies, a family with a 4 year old child could pay average prices of between $3,016 and $9,628 a year for [...]

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Effectively Managing Credit Card Debt

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In tight economic times like we have now, many people turn to their credit cards when they need money. But racking up extra debt to deal with financial difficulties is a strategy that’s almost sure to backfire. Even when you have less money in your wallet, you should remember that the most important thing is [...]

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>Why the worlds central banks (including the Fed) can't save the markets

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>Financial markets are disintegrating around the world. Professionals and regular investors are seeing red all over the screens and portfolio values are dropping faster than during the dot.com bubble burst or after the September 11 terrorist attacks. Central banks (which includes the federal and reserve banks) around the world, along with governments, are trying to [...]

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Preparing For a Layoff – Steps to Take Ahead of Time

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You get into work tomorrow and you are told that your position has been made redundant. Are you prepared for this scenario and its likely impacts on your financial security? In these weak economic times with lower company profits and unemployment rising, you need to be prepared for adverse circumstances such as losing your job. [...]

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>Confirmed. We are getting poorer as a nation

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>As a nation our net worth declined by $1.7 trillion in Q1 2008, according to the Federal Reserve’s flow of funds report. That’s $1.7 Trillion! A trillion is equal to a thousand billion, or a million millions. To put this in perspective, the market capitalization of America’s 3 largest companies (Exxon Mobil, GE and Wal-Mart) [...]

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Ask your employer to ease your gas burden

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I have seen a number of articles recently on ways for people to combat rising gas prices. One of the more practical ways coming to the fore is employers subsidizing driving costs to work or to allow employee telecommuting – i.e. working from home. The average U.S. commute is now about 30 miles and with [...]

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