So it is one of those "golden rules" to investing smart - diversification. You hear it all the time everywhere. Even Jim Cramer who many serious investors don't like, will say it and have many agree with him. Well most people with exception to Warren Buffet. This isn't about Jim or Warren but me and you. Well apparently I was diversified based on the true definition. But when the market tanks 200 points in a single day, you really find out if you are or not. Without naming individual stocks to my portfolio, I will name their general sectors and show you that diversification doesn't always work: [more]
Just announced on CNBC that the new GM Chevy Volt coming out next year (2010) will get a ridiculous 230 mpg in city driving. On highway driving it is expected to get easily over 100 mpg.
I just may need to look into GM's current stock: MTLQQ.PK. .... right after I look into this Chevy Volt. I may even buy both! :D
I was watching my boy Jim Cramer on Mad Money and some lady caller who I assume is new to investing said the following paraphrased: [more]
I could care less how many stars C has on this site. I care about as much as I did when I loaded up on BAC shares when it had 2 or 3 stars back in March, back when the whole world was going to end and BAC was going to be nationalized, etc. I care so less because I bank at both places. I know them and don't see how such big companies will stay down for long. I don't need balance sheets or people on TV telling me how good or bad they are. I am a customer there lol. It is like the same people trying to talk down on my favorite company in the world ATVI. The same people like Jim Cramer who again (AGAIN!) put a big thumbs down last week when a caller asked about it on the lightning round. Similar thumbs down he put on LVS and all these other stocks, these other stocks like C - which he now is giving a thumbs up. I guess when it was at $1 it was total trash but since it went up a few dollars, it is suddenly a must buY! [more]
I predict that the banking sector today 08-07-09 will take a hit today. Here is why: [more]
Am I on Fool.com or am I working on an extension of a Microsoft product? Everything on this site is followed by a "Preview" box. What do I need to preview for? When I was typing out my post, I was previewing what I was writing the first time. [more]
I was watching the CNBC this morning waiting for the countdown to 8:15am when ADP announced their estimates of job losses. You would think that job losses would be one area where the media can't manipulate it into a positive. Well I guess I was wrong again! [more]