My $10000 Dollars

Current YTD Performance: $-2193

Dow has been declining fast and steady in the past week with the exception of today. THANK YOU for giving us despaired some hope for the future of this country. A surge of more than 270 points in Dow Avg? God we sure haven’t seen that in a lonnnng ass time.

For all of you readers out there that are in the panic mode, here’s a great article to read about the speech made by Warren Buffet, the richest man in the world and arguably the best investors to have ever lived.

http://money.cnn.com/2008/04/11/news/newsmakers/varchaver_buffett.fortune/index.htm

Here are some of the key points Warren Buffet pointed out: (more…)

Current YTD Performance: -$1880

Most of you already know what inflation is and some of the contributing factors behind it. Since I was once clueless as to what inflation truly was, I figured I’d write about it and its impact in today’s world.

What is it :
A concept in which your currency’s buying power decreases and results in value of your money declining as a result in the increase of the cost of general goods such as oil, food, and service. $1 today is worth much less than $1 in 5 yrs. (more…)

Current YTD Return: +$319

Obama today announced his view on the need for additional tax stimulus in the amount of $50 billion dollars. Pretty nice. I don’t mind getting another check for $200-$300. I personally want this to take place even though it’s ultimately coming out of our future tax returns. Anything to stimulate the economy at this point. (more…)