Mexican tycoon Carlos Slim is now worth $53.5 billion according to the new Forbes Richest Persons in the World list. That puts him above Bill Gates and Warren Buffet, but unlike his US rivals, he remains relatively unknown outside of his native Latin America. There, he controls more than 200 companies. These range from telecoms, [...]
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This another heart warming story of a lady who purchased stock in 1935 and let if grow into a $7 million fortune over a 75 year period. Of course, she lived a very simple life and saved her money over this time period. If you have another 75 years, this is [...]
In today’s society, I would define rich as someone who makes a million dollars per year. If you want to be super-rich, you should be making at least a million per month or more. If you have lower standards and shoot for merely by wealthy, you would need to make $250,000 or more per year. [...]
The S&P 500 settled with a weekly loss of 0.4%. Despite that slip, the stock market finished February with a 2.8% monthly gain. Not bad concidering the talk at the beginning of February was a market correction was coming. While the markets ended February with a slight gain, we are still not total bullish at [...]
Standard & Poor’s said Monday that Helmerich & Payne Inc. will replace IMS Health Inc. in the S&P 500 Index on Friday as IMS is bought in a deal expected to close on or near the end of the week. Affiliates of TPG Capital LP and the Canada Pension Plan Investment Board plan to acquire [...]
Back in December, the talk of the market was all about gold. The U.S. Dollar was on the verge of collapse and gold would replace it as the world currency. I am sure you heard the talk as well. One evening, my wife came home and asked me if she was invested in gold. You [...]
The equity markets try to move up only to fall back down. There is still an air of caution about the current correction. The biggest worry is debt of Euopean countries. This is not just about Greece but what is unknown about the rest of Europe. The GDP of Greece is less than the state of [...]
What’s up with the winter storms? We are running out of places to put the snow until it melts as a second snow storm hits the east coast. Now, the rest of the story.
With the market correction, you expect most stocks to take a decline along with the broad markets. However, there are some dividend [...]
The start of 2010 began with an upside move to the markets but this was unsustainable. While many political issues spooked the market with talk of increasing taxes on banks and excuses throughout the State of the Union address. The economy seemed to be a scrapegoat for portfolio managers to sell out their positions. The [...]
U.S. investor Warren Buffett holds just over 3 percent of leading reinsurer Munich Re AG, the German company said Tuesday. An ad hoc statement from the company said that Buffett has informed it he now has 3.045 percent of the voting rights in Munich Re. The statement attributed the holding to Buffett rather than to [...]
