|
|
There have been millions of people who have lost, on paper, a lot of the value of their retirement accounts during the past couple years and are hoping and praying that things turn around. If they knew of investor John Paulson back in 2007 they would have certainly invested their money with hi read more...Danish experts and research believe that “most” newborns born in rich countries this century will live to 100. No surprise, healthier lifestyles and increased technology and medical breakthroughs are amongst the highest factors for the reasons why. Richard Suzman, an aging ex read more...Former President George W. Bush has left the White House, this we all know; but you might not know what he left there with? Bush has left the Oval Office with a pension that is out of this world and you and me get to pay for it. Your first questions might be, “What’s a pensio read more...Bank of America has been making some headlines recently. If you remember back to the end of last year, the U.S. Government gave Bank of America $25 billion in an initial round of loans as part of the TARP (Troubled Asset Relief Program) to keep the bank from crumbling to the ground. The read more...Earlier this week, President Bill Clinton spoke to about 1700 people in my little area of the world on issues ranging from climate control to finding cures for diseases. His message was strong and simple; “Let’s all come together outside the walls of the community for the better go read more...Rating agencies such as S&P, Moody’s and Fitch rate securities as to the credit quality of the underlying municipality and corporation, that are then sold to individual and institutional investors. It is this credit quality that investors have to decided how risky an investment possi read more...18 States plus DC have issued laws that outlaw texting while driving and if you live in one of these states, texting while driving can get you a serious ticket. There is a GREAT chance that more states will soon pass laws banning texting while driving. It has been considered by many as more dange
read more... Do you remember where you were? For financial industry insiders and experts, September 29, 2008 was a day that will live in our minds forever. It was a day where an event took place that leaves us saying, "I know exactly where I was and what I was doing on that day." After the fall out
read more... Economics 101 says, go where the demand is. Ford Motor Company is doing just that, as they have announced the addition of a $490 million assembly plant in China. Ford views China’s prospects for growth as staggering and is investing over there while shutting plants here in the sate read more...There has been and will continue to be a giant gap between rising incomes (or lack there of) of hard working Americans and the inflation of ticket prices to entertainment and sporting events. Call me naive, but I remember going to sporting events with my parents and things not costing a fortun read more... 1. Expenses and Fees: One of the first things you should consider when selecting a Mutual Fund to invest into are the expenses and/or fees involved. Every Mutual Fund has them, there is no getting around them, but you can be selective and choose a Mutual Fund that has lower expenses
read more... You may have never heard of the name Reed Hastings, but you almost certainly have heard of the company he founded; Netflix. Hastings, came up with the idea after dropping off Apollo 13 to the video rental store a few weeks late and racked up a late fee of $40. Terrified to tell his wife read more...In 2001 we saw a bubble in the technology sector burst and the markets came crashing down. In 2005 we saw the housing bubble burst; home prices began to free-fall and as I write this, values are still declining in certain areas of the country. Fast-forward to 2008 and we are still experi read more...With as rough as the times have been recently, many companies have reduced the amount of a matching contribution they give to their employees by a certain percentage if not entirely. Business Week has been nice enough to come out with a top 10 list of Best Places to Launch a Career, which has inc
read more... Remember the lockout the NHL had a few years ago? Maybe you don’t, but it was brutal if you’re a hockey fan. The crux of the argument was between players and owners and how much money the players were making as a percentage of total revenues. The new Collective Bargaini read more...General Motors is a company that is close to me. Many of my friends and family members have worked or still work for the company that was once to be the largest corporation in the world. Fast-forward to today and that is hardly the case. GM is plagued with more problems than anyone would ever wis
read more... Okay, so another talking head is predicting that housing prices across the country are still coming down another 25%. Well, who said it this time and why should we listen? Meredith Whitney, one of NY Post’s 50 Most Powerful Women in NYC, was the latest expert to publically speak on read more...The CEO and founder of Oracle is Larry Ellison and boy does he bring in the cash; for himself that is. It is reported by Forbes that for the 12 month period ending May 31, 2009 Ellison’s base salary, bonus and stock options were valued at $56.8 million. If you take a standard calen read more...His name is Phil Ruffin. His game is making billions of dollars and there is a good chance you’ve never heard of him. He is the current owner of the Treasure Island hotel and casino in Las Vegas, NV. He sold a piece of vacant land on the Las Vegas strip right at the top of th read more...Nick Cage, the famous Hollywood actor, has been busted on some back taxes he has yet to pay. The back taxes are to the tune of about $6 million smack-a-roonies. In order to pay Uncle Sam the hefty tax bill, Cage has reportedly put several of his multi-million dollar properties up for sal read more...Have you ever heard the name Leonard Kleinrock? Kleinrock, or Len as he was often called, led a team of people at UCLA to develop a platform that would allow people to share information with the click of a button all across the world. No, Len did not invent Google, YouTube, Facebook or T read more...Spetember 1, 2009. Anyone remember September of 2008? This time last year, the financial markets across the world were beginning their downward spiral to the tune that had not been seen since the Great Depression. This time last year, major investment firms such as Lehman Brothers and Bear Stearn
read more... In a deal worth $4 Billion, Disney has bought the comic franchise legend Marvel. Comic book and movie characters such as Wolverine, The Hulk, The Fantastic 4 and Spider-Man will now join the family dinner table with the likes of Mic
read more... Oh No!
August 27, 2009A new study was conducted by Ernst & Young that shows nearly three out of five middle class retirees will likely run out of money if they continue their pre-retirement lifestyles. The study also concludes that in order to get back on track they will need to reduce spending by 24%. Ge read more...The restaurant business may be a tough one to sustain if you’re an owner, especially in a down economy like the one were in right now, but restaurateurs do have one thing in their favor and that is soda pop. The margins that restaurants make on soda pop are mind blowing. I have bro read more...It almost seems like grammar and punctuation are no longer a necessity in typing. If you think about how we type when we email, txt or IM who has time for a comma, period or exclamation point!? The young generation’s grammatical sense has been put on the back burner and I’ll be
read more... After serving his debt to society, Michael Vick is trying to pick up where he left off over two years ago when he was found guilty of bankrolling an illegal dog fighting ring. Just last week, Vick was picked up and signed with the Philadelphia Eagles of the NFL. This may not be breaking read more...It might not seem like it due to the slaughtering we all took in the market last year, but year-to-date, the markets are in the black. That’s right, they are in the positive. Here is a breakdown of the three major market indices as of the close on 8-19-09: DJIA: 5.7% NASDA
read more... AIG is back at it again; handing out large salaries to their CEO. It has just been reported that AIG’s CEO has been given a $7 million annual salary. You remember AIG, don’t you? They are that little company that use to be a big one; a really really big one. They read more...(I worte this article on 8-13, before the ending of the recent PGA Championship). You’re probably wondering how on earth did anyone ever beat Tiger Woods, at anything? Well it’s true, Tiger has been defeated by one person in the race to accumulate $1 Billion in career earning read more...Remember the days of having to input data into multiple computers one by one? Or how about the slow process of retrieving data from more than one source? It was so tedious and boring. Well thanks to technology, there is going to be much easier ways to transfer data from one technol read more...I have to write this blog, as a lot of my friends have been getting married lately; we all know what they next step is, that’s right, kids!! Those loveable, huggable children we love so much that we would do anything for, even drain our bank accounts.
read more... They say if you live long enough, you will hear and see it all. Well, now I have heard and seen it all. I just read that an 11 year old boy took time out of President Obama’s schedule to interview him about school lunches, and to ask the President if
read more... What exactly is an Electronic Traded Fund (ETF)? An ETF is an investment vehicle that will fluctuate in value much like a stock of a publically traded company. In fact, ETF’s are made up of hundreds of different publically traded stocks all pooled together in one investment. read more...It has recently been announced that GM’s new Volt Vehicle will get 230 miles per gallon, which is four times more than the current leader, the Toyota Prius. Think about what your vehicle right now gets per gallon; 30, 25, maybe even 15 miles per gallon? It has also been mentioned t read more...Eli Manning, of the NFL’s Nee York Football Giants, has signed a new contract extension that will make him one of the highest paid players in the game of football. According to ESPN, the contract is set to pay him a maximum of $97.5 million over six seasons, with $35 million of that guar read more...PGA Tour caddies don’t get all the pub, they don’t get all the fame, but they do get a nice chunk of the winnings their employer earns every week on tour. Depending on the generosity of the golfer you are carrying for, PGA Tour caddies can pull down between 5%-10% of tournament win read more...It is well documented what has been going on in the life of Bill Gates. Mega billionaire, major philanthropists, recently retired from the company he co-founded. Well, what ever happened to Microsoft’s other co-owner Paul Allen? Paul has been out of Microsoft’s limeligh read more...Let’s face it; many young people despise reading. I can’t speak for everyone, but many of the people I know can’t stand to read, especially if it is something they aren’t interested in. We also know that videos are taking over the internet at an enormous rate.&nbs read more...Interested in how developers make money selling iphone applications? Well, here is your answer. The model is quite simple actually. Developers create and design the software for their application and then take it to Apple to go through an approval process. Developers who publ read more...I might get a lot of heat for this blog, but here it goes anyway. It is no secret that the U.S. has a couple of broken systems in place that many people today largely depend on, i.e. Social Security and Medicare. It has been thought by many for years now that in no way can our generation read more...You think you have it bad, with the catastrophic losses of your retirement accounts? Try being Chan Wai-yee, who lost $26 million thanks to the brilliant investing advices of one giant brokerage firm. The poor lady, who at 77 years old, was put into an investment that was highly risky an read more...The NFL football season is right around the corner and along with the tailgating, the cheerleaders and the injury reports comes the legal and illegal sports betting that is included with it. Gambling on NFL games has been a gigantic business in and of itself for a long time. Much like the NFL, I don read more...Okay, listen up. It’s time to get serious about saving and here’s why. Assuming you contributed $1,200 (for you math geniuses that’s $100 a month) a year for 40 years, did you know that if you earned 7% annual return a year instead of 8% annual return a year you would a read more...A very close friend of my family has over 30 years of hiring experience for one of the biggest companies in the world. As I was growing up, beginning to get into business and starting to apply for jobs, the first piece of advice he gave me was to never, never, never (and he emphasized ‘n read more...It was recently noted that the U.S. Government made a 23% return on their investment in Golden Sachs. If you have no idea what the investment was let me explain to you the details of the deal. The U.S. Government administered taxpayer money (that’s right your and mine hard working dollar read more...Mike Shanahan, the ex coach of the NFL Denver Broncos was one of the highest paid coaches last season, a two time Super Bowl winning head coach and an overall head coaching record of 146-95, which equates to a 65% winning average; in the NFL that is awesome. Denver had an average season going 8-8 a read more...You know how when you buy something with your credit card, you’re obligated to pay it back? The same holds true for the U.S. Government. We are in unprecedented times and believe what you want, but the current administration had to take drastic measurers in spending to prevent this economy
read more... I recently read an article about people who are well off and how they are constructive with their time. The article went on to give a quote that I will always remember: “This is basic common sense, but it’s amazing how few people know it. I’m endlessly astonished by how many men
read more... Saying that times are tough right now, is an understatement for many people. We all work hard to try to build up our savings and boost our retirement accounts. We contribute to and invest in saving vehicles like a Roth IRA so that in the future we can have a nest egg to live off of in retirement.
read more... There is a big shift in account fees that is forcing “smaller accounts” (under $25,000) to pay more fees than what are necessary. This is primarily happening at the bigger bank and brokerage outfits. T
read more... The next wave of video game consoles is going to change they way families enjoy home entertainment. Video game consoles are no longer for the serious gamer. The future technologies for video game systems holds a little bit for everyone thanks to voice and facial recognition. The kids will have th
read more... Generation Y is all about technology. Instead of growing up to be a line worker for GM or a steel mill worker for U.S. Steel, we are becoming computer science engineers and changing the wa
read more... Let’s take a look into the world of Michael Jackson’s estate and some of the interesting factors involved with it. Experts have been saying for a few days now, that it will be very difficult to put a set price tag on many of his assets. Assets such as the Beatles song catalog will nee
read more... Shares of General Motors common equity stock has been halted for trading. Since GM has emerged from bankruptcy with a new business plan and structure in place, GM shareholders are now feeling the reality of their shares being “worthless.” GM has warned the shareholders that it was the
read more... Okay, now I know Facebook has a global reach because my parents recently asked me about a facebook page. You need to understand one thing, my parents still don’t know how to turn on
read more... Interested in knowing how you can completely eliminate any tax consequences when you go to withdrawal your money out of your 401(k) for retirement? I thought you might be, so I introduce t
read more... Has your employer discontinued the company match due to the economic downturn? Many have and if they haven’t yet, trust me, they are considering it. Let’s take a look what the consequences of missing t
read more... Young people saving is like cleaning the garage; it just doesn’t feel urgent. We all feel like we can go another day without cleaning the garage. We say, “Oh I&rsq
read more... The economic downturn is not only hurting the average American, it is also hurting and will be hurting professional athletes. Now, let’s start out by saying we really can’t feel sorr
read more... Believe it or not, we are half way through the year. Where did the time go? I know, it’s a weird thing to hear right? Well it’s a weird thing to say, We’re halfway home.&
read more... The power of compounding is a beautiful thing. At Financial Young, I try to tell young people, “Even though it may not seem like it now, saving small amounts of money will allow you to take greater advantage of compounding int
read more... We don’t hear that saying too much these days; “Now that’s a great deal.” It’s a shame because we should be hearing it more often. Right now, in these economic times it is hard to see
read more... Planning on traveling at all this summer? If you are, check out the Southwest Airlines Ding Program. It is free to download to your computer and once you do, you get to
read more... We all know what’s going on these days; the world is coming to an end right? People are losing their jobs, retirement accounts are falling fast, our homes are almost worthless and world famous chefs are now opening new fast fo
read more... It is interesting to talk with older generations about technology, especially their cell phones. To them a cell phone is a device that can take and receive calls. But, you ask any Generation Y’er what their
read more... As an investor and saver, looking for opportunity in the newspapers and TV news stations is not a smart route to take as you might think. By the time the news hits the stands, the potential for a true advantage has already passed yo
read more... Oh how I wish mom and dad would have made a small investment for me the day I was born. Had mom and dad bought me 300 shares of Home Depot stock (HD) in December of 1982, today that investment would be worth $677,304 thanks to nine
read more... I am in the process of writing a new book about working Americans between the ages of 40-70 and their stories on how they wish they had started saving earlier in life. They always end their stor
read more... Back in my January 15th, 2009 blog, I wrote about how credit card companies might present the next big crash and how that industry was shaping up to be a recipe for disaster. Well, in
read more... If you are a Gen Y’er and you’re not invested in the stock market yet, well now is the time to get in and let me explain why. As of April, 2009 there is currently $8 Trillion in assets that are in cash “sitting on
read more... It is not our material things that are our greatest assets, rather it is time. When saving for retirement, all other things being equal, if you save and invest for longer, you will be better off. I wi
read more... Chrysler is now officially filing Chapter 11 bankruptcy protection. So what exactly does that mean? Chapter 11 bankruptcy is a section of law und
read more... What is a dividend, why are they important and how are they calculated? First, a dividend is a return of profits by the company, in the form of cash, to the shareholders. read more... Do these percentages mean anything to you? 77%, 70%, and 50%? These were the highest marginal income tax rates in 1969, 1977 and 1982. In other words,
read more... Will the Kindle spell the end for paperbound books? For our generation, the answer might be yes. What can the Kindle do? Great question, here’s the answer. With your Kin
read more... Unfortunately, for a lot of people who were planning on retiring sometime in the next five to ten years, their retirement has become a mirage; a vision of something that really doesn’t exist.&nbs
read more... In my eyes, American Idol is no more than a glorified karaoke contest between ex-bartenders, single mothers, tweeny-boppers and mid-twenty year olds giving it one last chance. But my attention has been peeked lately due to
read more... The most recent data tells us that the richest person in the world, again, is Bill Gates of Microsoft. It is estimated that his worth is currently at $50 billion, which is a fortune that most would be impressed with, but not me.read more... Here is a break down of the Stimulus Bill that was recently passed and where the money is being allocated. Breakdown of the Stimulus Package’s Expenditures- New York has two new stadiums that were opened up this last week for the Major League Baseball teams the New York Yankees and the New York Mets. That is quite an accomplishment for one city
read more...
We all know Twitter as the fun loving, addictive, almost cult like following phenomena that has swept the country. In fewer characters as you have already read in this article, Twitter loo
read more... For all the negative press we hear about CEO’s getting huge paydays, here is an example of one CEO who might not be getting all that he had once hoped. GM CEO, Rick Wagoner, was gran
read more... Manny Ramirez, the outfielder for the L.A. Dodgers, just signed his new deal yesterday. He signed a 2 year $45 million deal with $25 million in the first year. Here is a break
read more... As I write this, I was just informed that my firm would not offer retention bonuses for Financial Advisors. This is not the same for other Wall Street institutions and their top executives
read more... The iPod is a worldwide hit. I thought it would be fun to do some research on its history so here it is; nice and simple: The NFL has a policy that allows a team to place a franchise tag on one of its players each year. This is usually done to prevent the player to entering free-agency. Entering the free-agency market allows player
read more... I think a lot of people that are nearing retirement are saying to themselve's "I wish I knew then what I know now." The reason I bring this up is becasue lately I am seeing a re-occuring theme of seminars being held, to retirees or soon-to-be-retirees, on how they can adapt t
read more... Tiger Woods has made so much money on the PGA Tour that I had to break it down to put it into perspective how much he has really made. Since joining the tour back in 1996, Tiger Woods has made $
read more... We sit here in today’s new age world and we wonder, what drives this economy? What is the engine that motors our economy? Is it the stock markets? Is it the work force?&
read more... My father has always been the kind of person to go the “extra mile” to save a buck. I remember one time when he drove back to an auto repair place to get his money back on a $3 overc
read more... NBC’s, the broadcaster of this year’s Super Bowl, parent company General Electric had a pretty good day thanks to the Super Bowl. In a time of recession, hard knocks and what s
read more... The unemployment rate today is around 7.2% according to the U.S. Labor Statistics. Taking a look at the chart below (Table 1) you can see that right now the unemployment rate is the highest it has been at any
read more... As the worst economic times since the great depression drag on, we have to wonder, what’s next to fall? In order to answer this unknown question let’s first start with what we
read more... Welcome
November 28, 2008Welcome to Financial Young, the site that is the building blocks to your financial future. Financial Young will work hard to make the resources available to you, the best they possibly can be. It is our intention to help you learn the reasons behind why we are not saving enough for retirement and
read more... 
|
