I don’t know about you but when the president of the United States starts telling everyone that they should be buying stocks you have to wonder. If Warren Buffet was wrong just a few months ago when said the same thing and the market began to unravel last November, why should we listen to Obama [...]
Posts under ‘money’
HSBC in a bit of trouble.
18 billion dollars worth of trouble. Late last week I received a letter from HSBC advising me that the interest rate on the line of credit they offered me was going to jump up to prime plus 3%. Originally it was supposed to be prime plus 1 for the life of the account. Times have [...]
US continues to drag down the rest of the world… further.
Now that the American Banks (and companies) have all announced further losses, more huge job cuts, closures and scandals, one can only assume that the asian markets will be hurt just as bad. Japan has already announced the same due to their heavy dependance on foreign sales and exports. It’ll be back to the 90’s [...]
Who wants a $500k Job?
Obama’s move to limit salaries and bonuses for companies receiving taxpayer funds seems like a no brainer in the political popularity game and one wonders why it was never put in place in the beginning. Why are such high salaries expected by executives when they’ve allowed their companies to get into so much trouble. One [...]
BAIDU, HSBC going down.
Last week I sold the BAIDU $120 JAN 17th PUT OPTIONS just a couple of days before they expired for a tidy sum. I averaged approximately 50%. Option contracts expire on the third friday of every month. My goal was to only trade them. I had no intentions of exercising them even if they were [...]
Even Cramer Doesn’t like Baidu
I was waiting for this to happen. After the recent market rally during new years, I knew that eventually reality would set in and people would soon see the light. The dark light that is.
Looking at the chart below you’ll see that this morning at the opening bell the share price of Chinese search engine [...]
2009 RRSP TIME
The new year is now here and it’s already time to start thinking about taxes and rrsp’s. Actually I only started thinking about it because I just ran across an article from canadianliving.com which was reran on the lifestyle.sympatico.msn.ca network. In it David Trahair argues why one should not bother with an rrsp program. His [...]
Snow Falls
Beautiful crystal flakes fill the air and cover the ground in a blanket of feathers. The temperature drops down and so does everything else. More and more companies announce layoffs, postpone projects, cancel projects. Retailers hope for the rush of xmas shoppers when the weather steps in to trap people at home. Forget the shopping. [...]
Holiday Donations from a Small Business - Just one meal
Today I was asked to host the family business for the annual company christmas dinner. The staff had already gone ahead and decided on a day for the dinner. The problem was that the official family rep couldn’t agree with the date and I didn’t want to take his place. Why? Well its not really [...]
What’s the point of an RRSP contribution?
My friend asked me this question the other day and in normal times the answer would seem to make sense. However in the current economic environment, what investments would you want to risk your money on regardless if it is in or out of a tax shelter?
There are three reasons people should maximize their registered [...]
