There's an old story in investing circles that goes something like this ...
A Midwest billionaire claims he can earn you 50% profits year after year, investing in nothing other than ordinary common stocks. Of course, there's a condition. Intrigued? I was.
Los Angeles, July 12: Merely weeks after announcing the end of his turbulent marriage with Kate, Jon Gosselin of "Jon & Kate Plus 8" was spotted strolling on the streets of St. Tropez, France with his new lady love.
Washington, July 12: The U.S. government intends to grant the Securities and Exchange Commission (SEC) the authority to spot and prohibit compensation practice at investment and brokerage firms that get in the way of their fiduciary duties towards patrons.
Washington, July 12: West Nile virus is on the prowl again, with health officials declaring that mosquitoes found in various stagnant pools of water in Southwest Washington contain the virus.
New York, July 12:It is evident that the consequence of driving while texting are often dangerous and can be fatal. Now, a recent incidence has proved that even texting while walking can equally be dangerous.
Denver, Colorado, July 11:Thousands of patients may have been exposed to hepatitis C by a painkiller-addicted technician who had the disease and allegedly swapped her dirty syringes for ones filled with Fentanyl, meant for patients.
Cape Canaveral, July 12: The National Aeronautics and Space Administration (NASA) put off launch of the space shuttle Endeavour by a day to ensure that the spacecraft’s electrical systems were in good shape and had not been damaged by lightning strikes.
Some say cash is king. And today, many are saying it loudly.
According to The Wall Street Journal, 64,000 companies bit
the dust and filed for bankruptcy in 2008. And, terrifyingly still,
credit markets are bracing for significant increases in corporate
default rates in 2009.
Forbes recently ranked Berkshire Hathaway
Chairman Warren Buffett as the second-richest man in the world, with an
estimated net worth of $37 billion. Although his net worth has dropped
by a cool $25 billion over the preceding 12 months, it's still an
Thanks to the recent rally, you may be feeling pretty good about yourself. After all, Dow members such as Cisco Systems (Nasdaq: CSCO), United Technologies (NYSE: UTX), and 3M (NYSE: MMM) are all up 28% or more since March 9. If you're new to the market, you may be thinking that this stock-picking stuff is easy money.