Archive - November, 2009

Tim Paziuk on Investing and Financial Education

November 27, 2009 in Investing with 0 Comments

The problem that I identified a number of years ago, and this is something that people rather have to stand up and take responsibility for and do a little bit more research and education themselves, is that the entire financial services community is designed based on marketing. [...] 

This is awesome truth about investing spoken by Tim Paziuk. Check out his interview by Jon Chevreau. He goes on to say…

The financial services community has empowered itself to steal from people as long as they put it in writing.

Find the video interview here.

Dubai Government Shock May Not Be Last – WSJ.com

November 26, 2009 in News with 0 Comments

With sovereign finances stretched, investors need to remember that governments can and will change the rules when necessary.

via online.wsj.com

65% of the kids in preschool today will work in jobs or careers that don’t yet exist

November 23, 2009 in Question Everything with 0 Comments

Whether I’ve got an audience of 3,000 people in Vegas, or a small CEO-level meeting of 20 people, I always open with the same observation. It’s from an Australian study which concluded that 65% of the kids in pre-school today will work in jobs or careers that do not yet exist.

via jimcarroll.com

Interestingly, I don’t think that this statement is all that far-fetched. Given that, our pathetic education system is in need of more reform than ever, to equip our children with skills that matter. Common sense, and the ability to think for one’s self would be a good start.

Gold is a Bubble?

November 16, 2009 in Gold & Silver with 0 Comments

Dennis Gartman and Andrew Sorkin discuss the weak dollar and gold.

via businessinsider.com

In direct contradiction to some of the verbage in the video, I’d suggest that saying “Gold is a Bubble” is fairly naive. Can it and will it fluctuate up and down? Yes. Will it ever return to an intrinsic value of zero (as paper currency does)? No.

Instead, my gut says that anyone claiming that “Gold is a Bubble” is indicative of people’s lust for a quick buck in the stock market, combined with a gross misunderstanding of what “real” money is.

No Takers

November 9, 2009 in Gold & Silver with 0 Comments

Sadly, some of the dumbest people ever. No takers for a Gold Maple, offered to them for $50.00. Ignorance seems like a tragic understatement.