those people amaze me. If you haven’t seen this already… check out a new feature on google maps that you’ll find in a few cities like NY, San Francisco, Vegas… You’ll see a new button called “street view.”
Here’s my old apt in NYC:
Crazy!
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Archive for the 'Finance' Category
“Millionaire” used to mean something, darnit!
Being a millionaire just isn’t the same these days
Not that long ago, the word “millionaire” conjured up visions of chauffeured limousines and extravagant shopping trips and elegant yachts. These days, a millionaire is more likely to be the guy or gal next door who saved carefully — and perhaps benefited from the sharp run-up in housing prices — but still worries about covering the exploding costs of children’s educations, caring for aging parents and funding their own retirements.
Biggest point loss since Sept 17, 2001? Ouch… Biggest percent loss since sometime in 2003… this too shall pass…
Oy!
From the investor’s standpoint, I think it is important to stay realistic about the impact Vista will have on related businesses.
I try as hard as I can not to be a “believer” when it comes to investing, but it is so hard not to get sucked in when it comes to Google. A company like Google can be just as alluring as a charismatic person. They give just enough information to keep us interested while withholding enough to maintain their mystery.
I have to admit that at times over the last couple of years that I have held my Google, I’ve swooned more than once. However, I would caution against this mindset when possible! Google is fun. Google is sexy. Google is a bunch of numbers like any company. This article from TheStreet.com struck me:
It was a terrific ride for a while: Every three months, Google would post earnings after weeks of anticipation — and amid wild guessing by analysts who received zero guidance from the company.
For the Google romantics, this might seem (at first glance) like a cold shower.
I prefer to see this as a hopeful sign. I believe Google is a great company. I also believe that there are higher gains from here. The sentiment indicated by this article suggests that most of the investors may have gotten over the initial infatuation and settled into a steady relationship with the company.
The first three words Kelleher writes are “Bad news, daytraders.” I am long, so this may be good news for me.
This is a good article about 401Ks and Roth IRAs. I hate that I am old enough to worry about these things…
The earlier the better though!
But by putting money in both a 401(k) and a Roth IRA, you’re hedging your bets. I call this strategy “tax diversification” because, like asset allocation, it prevents you from making an all-or-nothing bet (although in this case, you’re protecting yourself by diversifying your exposure to tax rates instead of different types of investments).
A woman I know asked my opinion about this topic, and I think this article sums up one good route (even though it is from the UK).
COPYRIGHT 2003 Financial Times Ltd.
(From Aberdeen Press & Journal (UK))
I Wish to invest for my grandchildren’s future. I have read about the use of trusts, but am concerned they are complex to set up and incur high running costs. Could you please give me some guidance? - PB, by e-mail Ron Cameron, Ernst and Young Financial Management’s regional manager for Aberdeen, said: The use of trusts for gifting is certainly a good idea. However, you must be aware that as soon as you have made the gift into the trust, you have given up any right to get access to the capital for your personal use or to any income or gains thereafter.
