Personal Finance

I need your help

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Posted by Michael Campbell

on Thursday, 16 June 2016 09:15


As you may know I’ve been volunteering with Special Olympics since I had dark hair (the 16th century) and the impact the organization makes on children, teens and adults with intellectual disabilities never ceases to amaze me. It’s exciting to see.

Special needs individuals seem to have taken on a political correctness, which is fine as long as it gets expressed in action – not words. Special Olympics athletes and their families deserve much more, which is why I am asking for your help.

The Goldcorp Invitational Golf Tournament is one of only two public fundraisers done by Special Olympics BC and hence is extremely important to Special O’s ability to provide programs for kids as young as two years old.  Obviously not everyone can participate in the golf tournament but we can all help by bidding in our online auction.

It runs for only a week and closes at noon on Tuesday, June 21st – and then all high bids go through to the live action at the tournament to see if anyone wants to put in a higher bid.

 Here’s an auction sample:

  • Turtle Bay Resort, on Oahu’s North Shore, is the original A List Resort, ranked in the top 75 in the World by Golf Digest. Famed golfer Arnold Palmer liked it so much he designed a golf course specifically to take advantage of Turtle Bay’s breathtaking natural beauty. Bid on a four-night resort experience complete with a range of activities including golf, spa, mountain biking and water sports.

And there is much more. Concerts, trips, dinners, signed jerseys, gift certificates - or just a straight ahead donation. Have a look at the first page of auction items by clicking here, and check out the full list of live and silent auction items too - http://www.specialolympics.bc.ca/goldcorp-invitational-auction

MC horz cropped - 2013It not only means a lot to me but more importantly your donation or bid provides help to some very deserving individuals.


Personal Finance

From $4.5 Billion To Nothing

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Posted by Matthew Herper, Forbes

on Friday, 03 June 2016 10:05

thanosForbes Revises Estimated Net Worth Of Theranos Founder Elizabeth Holmes

Last year, Elizabeth Holmes topped the FORBES list of America’s Richest Self-Made Women with a net worth of $4.5 billion. Today,  FORBES is lowering our estimate of her net worth  to nothing. Theranos had no comment.

Our estimate of Holmes’ wealth is based entirely on her 50% stake in Theranos, the blood-testing company she founded in 2003 with plans of revolutionizing the diagnostic test market. Theranos shares are not traded on any stock market; private investors purchased stakes in 2014 at a price that implied a $9 billion valuation for the company.

Since then, Theranos has been hit with allegations that its tests are inaccurate and is being investigated by an alphabet soup of federal agencies. That, plus new information indicating Theranos’ annual revenues are less than $100 million, has led FORBES to come up with a new, lower estimate of Theranos’ value... CLICK HERE to read the complete article

Personal Finance

The Most-Ruinous Mistakes Investors Make!

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Posted by Larry Edelson - Commodities, Stocks, Technical Analysis

on Wednesday, 20 April 2016 06:24

When I coach investors and traders, I’m often asked what I think are the most-common, most-ruinous mistakes that investors make. Unfortunately, there are a lot of them.

And these days, it seems like investors are making almost all of them at the same time.

There are mistakes like risking too much money on a single trade or investment … not using protective stops … not using disciplined money management … trading too often … not doing your homework … taking on too big a position in any market … not diversifying enough … and on and on.

Then there are mistakes like not knowing when to trade, and equally important, knowing when not to trade or invest, like today’s sideways markets. 

Over time, I will explore each and every one of the above in greater detail, and more, to help you learn how to become a better investor and trader.

But in today’s column, I want to cover what I think is the most-dangerous mistake investors make, bar noneIt’s having a set of preconceived notions about what markets can and can’t do.

Consider this weekend’s Doha meeting on oil prices. There was no agreement reached. And what happened Monday morning? 

Oil prices (logically you might say) crashed, nearly 7 full percent.

Screen Shot 2016-04-20 at 6.15.13 AMBut then what happened? Oil prices roared right back, ending the day virtually unchanged.

Why did that happen?

Because longer term, oil is already back in a bull market, and savvy investors are buying the dips. That’s why.

So you see, the fact of the matter is that markets can do whatever they want to do. But they are also never wrong. Markets are never irrational. 

They are what they are, and if you don’t understand a market, it’s not the market’s fault; the fault lies instead with your analysis.

For instance, have you ever heard someone say, "A market is defying all logic"? 

Or that a market is “disconnected from its underlying fundamentals”?


Personal Finance

How Markets Outwit You …

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Posted by Larry Edelson - Commodities, Stocks, Technical Analysisechnical Analysis

on Wednesday, 13 April 2016 19:05

Strange. Most investors I talk to think the world is doing just fine. They say the U.S. economy is growing and the gains in employment have been nothing short of spectacular.

They say Europe is not collapsing as so many experts have feared. And that Mario Draghi’s pedal-to-the-metal euro printing is working.

They even claim Britain is doing fine, France will escape its troubles and inflation is coming back.

About the only part of the world they’re negative on is China, claiming that if there’s one single threat to global growth, it’s the Middle Kingdom and nothing else.

Well, I’ve got news for them. This is precisely what the markets want you to believe. They have an uncanny way of first separating you from your money, then washing it all down the drain.

When the markets are acting like this, making almost everyone feel everything is just dandy, or will turn out dandy — risk levels are actually at their highest. Investors are lulled to sleep. They’re complacent. They’ve dropped their guard.

And the next thing that happens? Those investors lose their money, big time.

Look. Markets do not change their major trends all that often. At most, a market may change its major trend once every three years. More commonly, they change trends every five years. And even that is rare. Most major trends persist for at least seven years.

Instead, what happens is this. You get a major trend unfolding on cue, with its cycles. Then you get a pause, a sideways consolidation period, often wrought with pullbacks.

The money that is made during the trending part of the move is often given back during the non-trending, sideways portion. Especially by trigger-happy, impatient investors and traders.

It seems they just can’t stand the fact that all markets need to occasionally take a breather. That all markets need to shake out the earlier investors — so new investors can come in. Or so short-sellers can take profits and cover their positions (in bull markets).

Click image for larger view

Markets are, yes, living, breathing beasts whose main function is to outwit you. And one of the ways markets do that is to stage what seem like long, sideways periods of tight trading ranges and pullbacks — or rallies in bear markets — that frustrate the heck out of you and force you into making mistakes at the worst possible times — just before the major trends come back to the forefront. 

As they are right now. For instance …


Personal Finance

Imploding Pensions Take The Rest Of US Down With Them

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Posted by John Rubino - DollarCollapse.com

on Friday, 01 April 2016 06:46

UnknownIt's the same story pretty much everywhere: Cities and states promised ridiculously generous (by today's standards) pensions to teachers, cops and firefighters, failed to sufficiently fund the plans and invested the money they did have very badly. And now the weight of the resulting unfunded obligations are crushing not just plan recipients but entire communities. Here's a representative case:

Oregon PERS unfunded liability swells to $21 billion

(KTVZ) - This week, Oregon's Public Employee Retirement System Board received an earnings report on the status of the PERS fund investment. The report said Oregon's PERS fund fell by 4 percent in 2015, a loss of nearly $3 billion -- and a Central Oregon lawmaker said that means major reforms are more urgent than ever.

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