Investing
Scottrade Did Not Allow Me to Buy Freddie Mac (FRE)
On my way to work this morning, there was news that Fannie Mae (FNM) and Freddie Mac (FRE), two congressionally chartered mortgage agencies, were on the verge of being bailed out by the government. That was not a piece of good news, given how hard the stock markets have been hit by subprime mortgage related [...]
Dow and S&P in Bear Market?
Yesterday, we saw the Dow made a 276-point turnaround to close the trading session with a gain of 38 points. What fueled the rally was the surprising June sales number from GM. And the turnaround actually made people speculate that the second half of 2008 may give investors a better time than the first half [...]
Stocks Fell Like a Rock
The last time I inserted the Dow’s intra-day chart, the benchmark dropped some 400 points. That’s was less than three weeks.
Today is another bloody day for stocks, under similar circumstance as 20 days ago:
Oil surged past $140 a barrel;
More writedowns are expected at financial firms Citigroup and Merrill Lynch;
Car makers are in deep trouble and [...]
TradeKing Review and Promotion Codes: A Discount Broker with Loads of Features
Looking for a cheap broker with excellent service? Check out TradeKing. It is an online discount broker which charges a flat $4.95 commission for every stock trade. Also, TradeKing has been ranked No. 1 Online Discount Broker by SmartMoney Magazine for two consecutive years in 2006 to 2007.
I have wanted to write a review of [...]
Bank Dividend Yield Revisited
Last November, shortly after the Dow peaked at 14,280 points, I had a post on dividend yields of the largest banks in the country. At that time, I thought that, with many bank stocks yielding 6.0% or more, buying banks make some sense if the banks can keep their dividend payouts.
That was then and we [...]
