Going Out of Business!!!!

On November 18, 2008 By

Who’s next?  That’s about all we have on our minds lately.  Christmas is only a few weeks away and shopping during the holiday season traditionally makes up 50% of the annual revenue of companies like Best Buy.  So what businesses are we losing next?  Here’s a list I recently received that was quite shocking.  I’d [...]

Continue Reading →

Stop the Bleeding

On October 17, 2008 By

In 2004 I was part of a computer business which was suffering from excessive financial bleeding.  The dot com bubble had affected us dramatically and we failed to make the adjustments we needed to make far enough in advance to survive.  We entered a state of financial crisis as we were spending far more than [...]

Continue Reading →

Get In While the Getting Can Be Gotten

On October 8, 2008 By

You’re renting?

The only thing that stands between you and owning a home is whether or not you have the cash flow every month to make your payments on all of your financial obligations.  Set aside your worries about credit scores and focus on whether or not you can pay your bills.  If you can, [...]

Continue Reading →

What To Do In Uncertain Times Like These

On September 27, 2008 By

Turmoil. That may be the first word you think of when you hear the word economy.  Believe me, I hear it and feel it every day too!  With talks of bank failures, bail-outs, stock values, election campaigns…whirrrrrrrrrrr BANG!  That’s what happens inside my little brain.  I tend to want to shut down and ship out.

[...]

Continue Reading →

It’s a Gamble that Freddie Mac

On September 24, 2008 By

On the 16th of September, Freddie Mac hit an all time low of 25.9 cents.  Wow…just imagine, you could have purchased 1000 shares for $259.00.

Today, in afterhours trading, Freddie Mac is currently going for $2.04.  Your little $259.00 investment on the 16th would now be worth $2040.00.

There’s really no point in looking back [...]

Continue Reading →

Everyone Thinks it’s the Housing Mess

On September 17, 2008 By

Article upon article today blame the housing mess for causing the financial hardships we’ve seen reported over the past week.  Fannie Mae, Freddie Mac, Lehman Brothers, AIG, Merrill Lynch…when does the finger pointing stop?

The housing crisis is not the root of the troubles that we are facing today.  A combined effort between greedy lenders [...]

Continue Reading →