Friday, October 3, 2008
To Bail or Not To Bail?
This is the question that we've all been wrestling with for weeks now and paying the price for as well. Wow, what a few crazy weeks! The market's up, the market's down, then the market's way down, then a bank collapses and all that's been in just one day! We've been inundated with more news in two weeks than we get in years at times! My internet connnection was down for almost a week in the middle of all of this to boot, what's going on? I do love this time however, despite the momentary pain, it's exciting, this is history we are witnessing right before our eyes! I'm loving the exclamation points!! Seriously, everyone, take a break grab a wallstreet journal and just soak in a little bit of what's going on before you, it's affecting you whether you like it or not! Do you have a retirement fund? Most likely yes, well, then it's affecting you. I'm sorry and I know it hurts, I'm hurting and I have clients that are hurting too, but seize this opportunity for what it is! Warren Buffett is often quoted as saying that "Cash in a crisis is priceless", and he's putting his money where his mouth is. Look at Goldman Sachs, GE. What are you and I doing? Are we curled in fetal position waiting for the bad man with the stick beating us to stop? Or are we out there taking the stick from the man chopping it up and selling it for fire wood and turning the bad man into our servant? Are we looking to separate the innocent bystanders from the criminals, trying to find something of value to invest in? I've found a few gems in this market, Goldman Sachs for instance was a gem beaten down with a stick to $85, are you kidding me! I bought in at $115, Buffett's price by the way and rode it up. Burlington Northern, another example, try a commodity or two? You can do this too, contact me, I'll show you how! What are you doing to take advantage of the scenario you are dealt today? Keep trying to make Sense...
Wednesday, September 10, 2008
What Should I Do?
Well, you may be asking yourself the question, "what do I do with my money when the market is so crazy?"
I completely understand, the first thing you need to do is to step back and look at the complete situation. Look at it for what it is as a whole and not at its segmented parts. If you look at the Media, they will focus on the individual bank stocks that are going down or any other single company that's having trouble. They will make you panic and think your best bet is to simply cut your losses and take your money out. What you, as an investor, should be doing right now is capitalizing on this 'panic' and be a buyer of 'clearence' goods. What do I mean?
Well...my wife for example loves to go shopping, imagine that! She just doesn't go out and chase the latest and greatest thing, actually what she does really resembles the market. While everyone is out there chasing the 'hot' things, she is out there looking for the things passed over or the things on 'clearence'. She almost always comes back with bags full of things bought on 'clearence', which cost about the same as just a few of the 'hot' items would have.
This is what I do...
When things are dropping based on the news of other stocks I go 'clearence' shopping with money ready to buy and capitalize on false drops based on panic. Almost always these false drop stocks will be up the next day or within the week, becasuse they fell on panic and not on actual reasons. You can only do this if take your eye off the 'hot' stocks, the ones making the news and look at the big picture, what's being effected by the 'hot' stocks. Persevere through this and keep some cash on hand and ready for the 'clearence' items.
If you want help navigating through this market or have any questions at all about your financial picture, let me know, I would be glad to help.
Keep making Sense...
I completely understand, the first thing you need to do is to step back and look at the complete situation. Look at it for what it is as a whole and not at its segmented parts. If you look at the Media, they will focus on the individual bank stocks that are going down or any other single company that's having trouble. They will make you panic and think your best bet is to simply cut your losses and take your money out. What you, as an investor, should be doing right now is capitalizing on this 'panic' and be a buyer of 'clearence' goods. What do I mean?
Well...my wife for example loves to go shopping, imagine that! She just doesn't go out and chase the latest and greatest thing, actually what she does really resembles the market. While everyone is out there chasing the 'hot' things, she is out there looking for the things passed over or the things on 'clearence'. She almost always comes back with bags full of things bought on 'clearence', which cost about the same as just a few of the 'hot' items would have.
This is what I do...
When things are dropping based on the news of other stocks I go 'clearence' shopping with money ready to buy and capitalize on false drops based on panic. Almost always these false drop stocks will be up the next day or within the week, becasuse they fell on panic and not on actual reasons. You can only do this if take your eye off the 'hot' stocks, the ones making the news and look at the big picture, what's being effected by the 'hot' stocks. Persevere through this and keep some cash on hand and ready for the 'clearence' items.
If you want help navigating through this market or have any questions at all about your financial picture, let me know, I would be glad to help.
Keep making Sense...
More Of The Same?
Up 300 down 280, what do we expect of today? LEH searching for funding and supposedly getting denied by a Korean bank, OPEC cutting oil production by 5mil barrels, hurricane Ike still looming, housing report down. LEH is going up in the futures market though, what's going on, purely speculation? Figuring out this market is the secret to wealth right now, especially right now becuase of the big moves back and forth. Right now the best thing to have is cash to capitalize on these big dips and ride them back up. The problem is all of the false bottoms and getting in too soon. The other day when Fannie and Freddie broke no one expected the next day to have another bank go down in flames. How much can this market take, it's a strong market and will work itself out but we do need to establish a bottom soon and reestablish some confidence. We'll see...Keep making Sense out there!
Tuesday, September 9, 2008
Bubbilin' Crude
What are my intelligent and wonderful readers thoughts on the future price of oil? It's at $102.09 right now with Hurricance Ike looming and production in the gulf already being shut down to prepare for this storm. So, can we safely say now that oil is heading down? Have the speculative traders finally left this commodity? Have they left all commodities for that matter, has anyone looked at where most commodity stocks are at right now. For instance: MOS at $78, X at $95, MON at $100, BTU at $46, and so on. Are we going down just becuase the speculators are on the sidelines? What are your thoughts? Keep making Sense...
Lehman Brothers
Well, Well, Well...
Here we are again finding ourselves on the verge of anohter financial institution going bankrupt, will the bright shining horse of the govt. (sarcasm) come to bail out this over grown fat princess of a bank LEH just like it did her sisters FRE and FNM and BSC? Oh, I hope not! I'm sick of the government intervention here, let the overgrown greedy beasts die and let the market work it out. Every time the government intervenes it only delays the inevitable. The market can and needs to absorb these falls and failures in order for the crisis to be finally over. I'm sick of the government bailing out these companies that got themselves into this trouble in the first place because of wrong decisons made by greed. If an investor makes a wrong decison does the government come to the rescue and bail them out, I think not! Is the government going to bail out Mr. and Mrs. retirement whose retirement income is based off of preferred stock income in FNM of FRE, Nope! Instead they will get hit twice, once with the loss of their retirement becuase of the recent bailout and resulting drop in stock price, and twice with their tax dollars being used to pay for this bailout which will create yet another government institution. Is anyone else sick of this all too familiar cycle....(I won't even mention the airlines here, how many times have they been bailed out?)
Leave your comments please and keep trying to make Sense!
Here we are again finding ourselves on the verge of anohter financial institution going bankrupt, will the bright shining horse of the govt. (sarcasm) come to bail out this over grown fat princess of a bank LEH just like it did her sisters FRE and FNM and BSC? Oh, I hope not! I'm sick of the government intervention here, let the overgrown greedy beasts die and let the market work it out. Every time the government intervenes it only delays the inevitable. The market can and needs to absorb these falls and failures in order for the crisis to be finally over. I'm sick of the government bailing out these companies that got themselves into this trouble in the first place because of wrong decisons made by greed. If an investor makes a wrong decison does the government come to the rescue and bail them out, I think not! Is the government going to bail out Mr. and Mrs. retirement whose retirement income is based off of preferred stock income in FNM of FRE, Nope! Instead they will get hit twice, once with the loss of their retirement becuase of the recent bailout and resulting drop in stock price, and twice with their tax dollars being used to pay for this bailout which will create yet another government institution. Is anyone else sick of this all too familiar cycle....(I won't even mention the airlines here, how many times have they been bailed out?)
Leave your comments please and keep trying to make Sense!
Friday, May 30, 2008
Priorities. Purpose. Passion.
Priorities. Purpose. Passion.
Three simple words with so much behind them, at least for me and hopefully for you too... If not now then hopefully soon, as we get to know each other! I want to share my ideas and motivation behind these three words. They are the very detailed parts of a hood ornament on the vehicle that God has been creating for me to drive down the road of life in, with the hopes of helping others know more about this life we are in... by first helping them where they currently are.
This vehicle is my business, 3:10 Fiancial Group, LLC, and those three words: Priorities, Purpose, and Passion are the identity or the backbone of what we believe at 3:10.
Everyone strives for purpose in their life, right? I know I struggled with that for years and it is still a major topic of thinking on my part, but I believe I am starting to function in a purposeful realm in this world. To get there for me and for anyone, one must have an equal balance of priorities and passion. What are the priorities for every aspect of your life, and what do you have passion for (what do you love and what do you hate)? When you find these two things out for yourself then your purpose will be squeezed out of it; it's the natural by-product of you getting to that point in life where things just seem to fit. I'm not saying you are done there and won't have to tweak things, but you will finally have that peace which transcends all understanding. What is that peace and how does all that relate to finances? Well... check back soon.......
Three simple words with so much behind them, at least for me and hopefully for you too... If not now then hopefully soon, as we get to know each other! I want to share my ideas and motivation behind these three words. They are the very detailed parts of a hood ornament on the vehicle that God has been creating for me to drive down the road of life in, with the hopes of helping others know more about this life we are in... by first helping them where they currently are.
This vehicle is my business, 3:10 Fiancial Group, LLC, and those three words: Priorities, Purpose, and Passion are the identity or the backbone of what we believe at 3:10.
Everyone strives for purpose in their life, right? I know I struggled with that for years and it is still a major topic of thinking on my part, but I believe I am starting to function in a purposeful realm in this world. To get there for me and for anyone, one must have an equal balance of priorities and passion. What are the priorities for every aspect of your life, and what do you have passion for (what do you love and what do you hate)? When you find these two things out for yourself then your purpose will be squeezed out of it; it's the natural by-product of you getting to that point in life where things just seem to fit. I'm not saying you are done there and won't have to tweak things, but you will finally have that peace which transcends all understanding. What is that peace and how does all that relate to finances? Well... check back soon.......
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