My blog is worth $7,339.02.
How much is your blog worth?
I took a week off work last week. I was in Chicago for a few days and spent much of my vacation running errands and making phone calls. It wasn’t the kind of vacation I had in mind. A better vacation would have been a trip to the beach in the tropical areas. I sit by the beach and relax.
Having a financial adviser enables the investor to carry a psychological call option. If the investment decision turns out well, the investor takes the credit, and if it turns out badly, the regret can be lowered by blaming the adviser. - Hersh Shefrin
In the world of investment management, it is far better to fail very badly in a conventional way and lose a great deal of money for your client than to lose a little in an unconventional fashion. - Marc Faber
I was allocated 100 shares of EDN IPO at $17 on Thursday. However, I had asked for 1,500 shares, but I was only allocated 100 shares. This is the first time I was allocated IPO shares by Fidelity. I was unsuccessful with the DEEP and several other IPOs.
EDN traded in the secondary market on April 26, 2007 and opened at 17.50. The stock closed at 17.65.
My comments:
I think some people can be very ignorant. People who make high income usually have a story behind it. You’re totally right, people only see the money. Who knows what these high income people went through. I use to wonder how people make so much money and I’ve talked to many high income people. Some of them sacrificed a lot — time, friends, love life, family, etc. Behind every fortunate, there comes a price. It’s wrong to blame someone on the fact that they’re making six figures or more. That’s their business.
I’ve seen people who just sit on their lazy butts and complain and complain - day and night. Does complaining ever get your more money in your pocket? I’ve never heard of a person who complained to his/her riches.
TOP 13 Money Saving IDEAS Of All Time
Comments for the article:
Stop using illegal drugs: Totally agreed.
Stop Gambling: Totally agreed.
Sell everything you own and move in to the hills: If you don’t want a life.
Eat one meal a day: I would rather recommend to eat 3 meals of smaller portions.
Stop buying things: Mostly Agreed. Some people really have a lot of crap at home.
Save a Bunch of Money on your Car Insurance: Not practical if you drive daily.
Stop Buying Items from People Who Come to Your Door: Agreed. On top of that, sell them your items.
Stop all Newspaper Subscriptions Now: I don’t like the idea of stealing. Instead, I recommend reading free news online or free newspaper.
Turn Off All your Lights: Good for newly weds, not practical for most people. Bad for your eyes.
Stop Using So Much Toilet Paper: Depends on your size. Hygiene is very important people!
Don’t Use ANY Toilet Paper At All: Disgusting!! However, if you are environmentally friendly, I recommend using a bidet. If you are rich and environmentally friendly, buy this.
Stop Using Your Cel Phone: Somewhat agreed. Night-time minutes are usually free. During daytime, use the company phone or something.
Drink More Coffee: Hmm… I’m disappointed at Hazzard. Judging from his above ideas, I would expect him to say, “Save money on coffee. Slap yourself to keep awake.” When I was in grade school, I knew a kid who slapped himself to wake up in the morning. I do not recommend it, but people have all kinds of ways to do things. Go figure.
Dow Crosses 13,000 for 1st Time
Wednesday April 25, 11:20 am ET
By Madlen Read, AP Business Writer
NEW YORK (AP) — The Dow Jones industrial average shot past 13,000 for the first time Wednesday, powered by signs that the U.S. economy and corporate profits are growing at a steady pace.
The stock market’s best-known indicator surged past its latest milestone shortly after the opening of trading, and continued rising to 13,036.99 before retracing some of its steps and hovering below the 13,000 mark.
The Dow climbed to a new record as many of the country’s biggest companies surpassed analysts’ first-quarter earnings projections. Among those beating forecasts Wednesday: soft drink maker PepsiCo Inc., materials manufacturer Corning Inc., consumer products company Colgate-Palmolive Co. and Dow component Boeing Co.
Wall Street got an additional lift from the Commerce Department’s report of durable goods orders last month, which showed a robust gain in business capital goods. The data reassured investors that demand for U.S. products remains strong, lending support to the economy. The department also reported that sales of new homes rebounded slightly in March, as the market expected.
The earnings and economic data indicated slow, stable growth — an ideal situation for investors, who hope the Federal Reserve will abstain from raising interest rates to curb inflation.
“The U.S. economy is in pretty good shape,” said Scott Wren, equity strategist for A.G. Edwards & Sons. “We want slow earnings growth. We want slow economic growth. It keeps the Fed on the sidelines.”
It took the Dow just 129 trading days, since Oct. 18, to make the trek from 12,000 to 13,000, far less than the 7 1/2 years that the blue chips took to go from 11,000 to 12,000. But the swiftness of this latest trip does recall the days of the dot-com boom when the major indexes were soaring and it took the Dow a mere 24 days to barrel from 10,000 to 11,000.
In the first hour of trading, the Dow was up 29.90, or 0.23 percent, at 12,983.84. The index typically has retreated after crossing big milestones in the past.
The broader Standard & Poor’s 500 index was up 3.77, or 0.25 percent, at 1,484.18, while the technology-dominated Nasdaq composite index was up 4.00, or 0.16, at 2,528.54.
Bonds slipped on the positive economic data, with the yield on the benchmark 10-year Treasury note rising to 4.64 percent from 4.62 percent late Tuesday.
The Dow was the first of the major indexes to recover from the stock market’s prolonged slump in the early part of the decade. The S&P 500 has yet to reach its closing peak of 1,527.46, reached in March 2000, and no one expects the Nasdaq to reach its record of 5,048.62, also reached in March 2000, anytime soon.
Still, the Dow’s latest achievement did not come without setbacks and volatility — the index lost 416 points in a single session, on Feb. 27, amid fears that the U.S. economy would fall into recession and that China’s economy would slow as well. And Wall Street has had periodic shudders over signs that inflation might be getting out of hand — a trend that would lead the Federal Reserve to resume interest rate hikes — and over data that showed continuing weakness in the housing market.
Just two weeks ago, the Dow fell nearly 90 points after minutes from the last Fed meeting showed the central bank’s level of concern about inflation.
Gold rose, while the dollar approached a record low against the euro.
Crude oil prices rose 64 cents to $65.22 a barrel on the New York Mercantile Exchange, after the Energy Department reported a decline in U.S. gasoline inventories.
Advancing issues outnumbered decliners by about 3 to 2 on the New York Stock Exchange, where volume came to 390.1 million shares.
The Russell 2000 index of smaller companies was up 1.00, or 0.12 percent, at 827.36.
Overseas, Japan’s Nikkei stock average fell 1.24 percent. Britain’s FTSE 100 was up 0.58 percent, Germany’s DAX index was up 1.04 percent, and France’s CAC-40 was up 1.30 percent.
Source: Yahoo! Finance
I was doing my laundry one day and did not check all the pockets in my clothes. I had left five dollar bills in the washer. The paper bills came out wet but were still in-tact. The reason is because the money is not made out of paper. The dollar bills are actually made with a blend of cotton and linen. I left my wet bills to dry by the window and heater. Severeal hours later, the bills were completely dry and crispy, but wrinkled. I took a picture of them.
Have you left your bills in the washer before?
Miller/Howard Investments 1st Quarter 2007 Review (pdf)
My parents are old school and love using cash to pay for things. They carry $200-$300 with them. They say it’s easier for making bargains and buying things on the street. Also, you never know when you may run into a situation where cash is needed and there is no ATM nearby.
I generally use my credit card for purchases, but there are times I cannot use one. Some stores have a minimum before allowing you to charge the purchase on a credit card. And when you buy things on the street, you normally can’t use a credit card. This is where cold cash becomes important. I usually carry $100 in my wallet. I think we should carry some cash with us in case of emergency. In the blackout of 2003, all ATMs and credit card machines were not functionable, but I still made purchases because I had cash on me. They say cash is king.
How much do you carry in your wallet?