Archive for November, 2007
Is My Money Safe if E-Trade Fails?
Another big story yesterday (the other one I thought was the 170+ points reversal of the Dow, extending the index’s losing streak to 4 and closing below 13,000 the first time since late August) was the nearly 60% drop of E-Trade Financial shares. Following a Citigroup analyst downgrade of the stock to Sell over the [...]
FXP: Make Money if Chinese Stocks Crush
Chinese stocks have been hit pretty hard lately, no matter where the stocks are listed, US, Hong Kong, or mainland China. To get a sense of how bad things have been recently, take a look at these numbers:
Hang Seng Index (^HSI) is currently at 27,588, down more than 4,000 points from the peak of 31,638 [...]
Weekend Linkage - November 11, 2007
Silicon Valley Blogger at The Digerati Life had 15 cheap ways to watch your hygiene.
Jeremy at Generation X Finance brought the bright side of the declining US dollar.
Golbguru at Money, Matter and More Musings illustrated the cash flow.
Ben at Money Smart Life asked whom you trust for your home, auto, family and health.
Lazy Man [...]
Video: Reuters Business Recap for the Week of November 5, 2007
Another tough week for stocks as the subprime mortgage pot continued to boil and more and more banks came out with big losses due to bad investments. After Merrill Lynch, Citi also ousted its chief executive last weekend, but that didn’t help its shares from slumping to the lowest level in more than 4 years. [...]
Update: 4-Week T-bill Rates and Savings & Checking Accounts
While I don’t use 4-week T-bills as a short-term saving vehicle any more, I still keep an eye on the rate changes, though I don’t expect the rate to become competitive any time soon after the sharp drop in September, especially after two consecutive rate cuts.
The latest 4-week T-bill rate is at 4.008% APR. That’s [...]
2007 Consumer Reports Ultimate Money Guide (II) - Borrowing & Debt
This is the second chapter of 2007 Consumer Reports Ultimate Money Guide. In the first part, issues related to shopping and spending were discussed. The main topic of this part is borrowing and debt, covering credit score, credit card debt, car loan and mortgage.
Fixing a flawed credit report
Request & review: Request all three credit reports [...]
Random News: Value of My Buffalo Gold Coin, Supermodel Refusing US Dollars, and China’s Diversification Plan
Eight months ago, I bought an American Buffalo gold coin from Bullion Direct (take a look at why I chose Bullion Direct) when the price of spot gold was around $650 an ounce. With gold price reaches 27-year high, the appreciation of my gold coin is also significant. The total cost of the coin [...]
Guess I Can Forget about Alibaba
All my efforts were wasted as November 6th came and went and my money is still sitting in my E-Trade account.
Last night I logged into my account and tried to see if I could buy 1688.HK when the stock was at HK$29.90 though I knew it was almost impossible because of the rule. And indeed [...]
Around the PF Blogosphere: November 6, 2007
Good reads from my blogroll:
My Wealth Builder talked about the importance of having a goal, developing a plan and tracking the progress in achieving his early financial freedom.
My Money Blog decided to rebuild his portfolio and the first step he took is decide the right mix of equity and bond.
As the holiday season quietly approaches, [...]
Dividend Beyond the Border
One of my investment objectives is to generate passive income from investments, including dividend-paying stocks/ETFs. In the past couple of years, I have paid increasing attention to stocks that pay generous dividends. Using mostly DRIP stocks and exchange-traded funds, I have built a small portfolio aimed to generate passive income. Recently, I reshuffled that portion [...]
