August 4th, 2010 | By William Allan | No Comments »
Including T-Bills, GSA & Treasuires, foreign ownership of U.S. debt has risen to $5 trillion from close to zero just 30 years ago. China alone holds close to $868 billion, or close to 22% of all foreign ownership. Our total federal debt is now $13 trillion, up from $8 trillion five years ago and now [...]
July 9th, 2010 | By William Allan | 1 Comment »
“As far as I am concerned, the stock market doesn’t exist. It is there only as a reference to see if anybody is offering to do anything foolish.”
July 9th, 2010 | By William Allan | No Comments »
Today more than ever investing can be confusing. Think about this while you build your portfolio - Invest in productive assets. Although commodities, currencies and bonds can produce returns, they cannot be “productive” in the way equities are, nor are they guaranteed to preserve purchasing power. Don’t overlook this. If you invest in a 10-year bond today that pays you $1,000 per [...]
June 3rd, 2010 | By William Allan | No Comments »
Warren Buffett on Who’s at Fault for the Financial Crisis: Everyone
By DAN BURROWS Posted 3:54 PM 06/02/10 People, Investing, Moody’s Corp, McGraw-Hill
Billionaire Warren Buffett on Wednesday delivered a pretty demoralizing explanation of the origins of the financial crisis before a panel that’s investigating that very issue. The proceedings’ intent was to examine the role Moody’s [...]
April 27th, 2010 | By William Allan | No Comments »
Renewed concern about debt contagion in Europe drove the Dow Jones Industrial Average back below 11000, and sent investors fleeing from the euro, commodities and emerging-market debt.
Standard & Poor’s sparked the selloff by cutting Greece’s debt rating to below investment grade, or “junk,” and cutting Portugal’s rating two notches. The move on Portugal inflamed investors’ [...]
March 30th, 2010 | By William Allan | 2 Comments »
In a commencement address years ago, Charlie Munger evoked the late Johnny Carson, noting that Carson “couldn’t tell the graduating class how to be happy, but he could tell them from personal experience how to guarantee misery. The theme of studying failure rather than success is common for Mr. Munger. His past talks have recommended avoiding [...]
March 29th, 2010 | By William Allan | No Comments »
Dividends are a share of a company’s profits that is divided among shareholders. People who own stocks, bonds, or mutual funds, may receive dividends from those investments. Dividends are taxed either as ordinary income or as qualified dividends. In order to be taxed as a qualified dividend, the investor “must have held the stock for [...]
March 17th, 2010 | By William Allan | No Comments »
Bloomberg Radio aired a good piece last week about Bernie Madoff. During the segment I learned that clients of Mr. Madoff were asked to sign confidentiality agreements as part of becoming a client of his. Within these agreements the clients agreed not to disclose that Mr. Madoff was their advisor. In today’s day and age [...]
March 16th, 2010 | By William Allan | No Comments »
Technology stocks closed Tuesday on a broadly upbeat note as the sector held its gains following a decision by the U.S. Federal Reserve to leave the benchmark interest rate unchanged. The Federal Open Market Committee said it would make no changes to the rate range of zero to 0.25%. Fed officials said they felt a [...]
March 13th, 2010 | By William Allan | 3 Comments »
“Coming off a level that was ridiculously low isn’t much to boast about. What most people care about is the economy creating jobs. It’s still not.” Dean Baker, co-director of the Washington-based Center for Economic and Policy Research, as quoted in Bloomberg.
“Today, we should all be paying attention to a new theme: the simultaneous and [...]