Posted by Don on November 21, 2009
Lending Club has announced a No-Fee IRA that can be opened with them. You now can open a self directed IRA thru EntrustCANA that will allow you to invest that IRA in Lending Club notes and also will allow you to invest in many other types of investments also.
Lending Club has an average return of [...]
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Posted by Don on November 18, 2009
Well no one likes to be wrong, but it looks like I was when I called for a double top last week. The S&P 500 broke thru the 1100 level to close at 1109 and then held the 1100 level yesterday. This should give us another leg up until we run into resistance at about [...]
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Posted by admin on November 9, 2009
Anyone who has money invested 401-K please re-balance your portfolio now. Please, for your peace of mind, remember where you were at 1 year ago. Take some profits and have some cash ready, because I believe that we are getting ready to top out.
Oh sure everyone is on board with the rally, but seriously is [...]
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Posted by admin on November 8, 2009
Having heard about Lending Club on several other blogs I recently opened an account. I had previously had an account with Prosper.Com, however I had never funded it because at the time I opened it they would only allow funding from a bank account.
My reasons for choosing Lending Club was mostly that I could fund [...]
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Posted by Don on October 21, 2009
Don’t look now friends but the market staged a late day reversal in the face of very good earnings reports today. As evidenced in the article by Midnight Trader the market turned from up all day to a large drop in the last hour.
If you look at the chart, the S&P 500 is still in [...]
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Posted by Don on September 19, 2009
The greatest thing to those looking to increase wealth is the beauty of compounding. The Rule of 72 is a quick calculation to figure out how long it will take to double your money at a given rate of return, or allow you to figure out what rate of return you need to double your [...]
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Posted by Don on September 15, 2009
Well the next in line of a string of good news lately is that Retail sales were up for August, PPI was up in August, and the Empire State Manufacturing survey was up in August.
Here is a rundown of today’s stats.
Retail sales up 2.7%
PPI up 1.7%
Empire State Manuf. Survey +18.9 up from +12.1
These are numbers [...]
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Posted by admin on September 13, 2009
Hello all. Long time no write. We have had a tough time the last couple of months in which we lost a dear friend, and my new position at work has taken a tremendous amount of time.
Anyway, in getting the kids in school and getting life back to normal for us, I began getting back [...]
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Posted by Don on June 30, 2009
Hello all. I just got back from vacation this weekend and am trying to get back up to speed on what is going on in the world. It looks like the market had a bullish moving average crossover last week. The 50 day simple MA crossed the 200 day MA and the S&P 500 price [...]
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Posted by Don on June 11, 2009
Don’t believe the stock market. We are up 34% from March. There are multiple schools on what causes inflation, but while I don’t believe we may see consumer inflation anytime soon because of the underutilized capacity.
The economy isn’t as strong as everyone is making it out to be right now. We lost another 600,000 jobs [...]
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