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austinhippie (71.19)

November 2008



19th century literature and the difference between the ability to retire and to philanthropize

November 30, 2008 – Comments (7) | RELATED TICKERS: PFE , JNJ , KRFT.DL

As I consider what to invest in tomorrow when the market opens, I look at my portfolio and consider its allocation.  And I realize that although there are couple of small growth companies that I really want to add to my portfolio, I currently have a greater ownership of those kinds of companies in my portfolio and a lower portion of dividend paying companies like Pfizer (PFE), Johnson and Johnson (JNJ) and Kraft (KFT) than I would like to have in order to consider my portfolio well balanced.  So I will sift through various TMF newsletter recommendations and pick a few good dividend payers from the Best Buys Now lists.   I have dividends on my mind as a long term strategy for wealth creation and maintenance because I have recently seen on television and read in my books some 19th century references to financial success.  [more]



Soros Financial Sector and Reflexivity

November 19, 2008 – Comments (0)

In the December 4,2008 New York Review of Books  George Soros discusses topics from his current book, The New Paradigm for Financial Markets, as well as his 1987, The Alchemy of Finance and his 1998 The Crisis of Global Capitalism.  He argues that we, as participants in the market, occassionally affect the very market "fundamentals" that we use to determine when to buy and sell and that similarly to ourselves, government market regulators also have biased impacts that can affect the market fundamentals too.  He calls this reflexivity.  The extremity of the current market bubble, he argues (paraphrasing), was exaserbated by Alan Greenspan's desire to not be seen putting on the breaks for the economy, but that, had he done so, the bubble would not have grown so large nor the bursting been so catastrophic.  [more]

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