Sunday Musings: The Trillion Dollar Meltdown

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I just finished reading Charles Morris’s “Trillion Dollar Meltdown,” which describes the recent years of easy money, high rollers and the great credit crash. According to Morris, an acclaimed financial writer, the sub-prime crisis is only a preview of the havoc that will play out across the full spectrum of financial assets. Arcane credit derivative bets are now well into …

How To Invest $50 million Dollars

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There are many different viewpoints on how to invest your money, whether it is during the accumulation phase of your investment life or after you “have arrived.” To my way of thinking, the approach for growing your assets is entirely different from the one you should use if you find yourself suddenly with a windfall in the range of 10s …

No Load Fund/ETF Tracker updated through 8/28/2008

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My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpAnother whip-saw week with the major indexes closing to the downside. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -0.86% thereby confirming the current bear market trend. The international index now remains -7.47% below its own trend line, keeping us on the sidelines. For …

Borrowing Money

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In an appropriate sign of the times we’re in, the FDIC may have to “Borrow Money from the Treasury” according to the Wall Street Journal: Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported. The borrowing could be needed to …

Stopping The Bleeding

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Monday’s sharp drop of the major averages gave the bullish crowd a lot to think about and confirmed our bearish stance. Follow trough selling was contained yesterday as the chart (thanks to MarketWatch) shows, with most of the activity being directionless bouncing around the flat line. Despite sharp rallies and subsequent market drops we are now just about back to …

One Reader’s Investment Strategy

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Reader Fred shared with me his approach to investing, which has worked well for him over the past 10 years. Here’s what he had to say: I subscribe to an advisory service called “The Chartist”. This service has had its subscribers 100% in cash since the middle of January 2008. So I am not invested in any mutual funds at …