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Showing posts from 2007

Craigslist Meets Wallstreet

Here's something I read from Craigslist that's funny but falls right in to economics, time value of money and trading. -------------------- THIS APPEARED ON CRAIG'S LIST What am I doing wrong? Okay, I'm tired of beating around the bush. I'm a beautiful (spectacularly beautiful) 25 year old girl. I'm articulate and classy. I'm not from New York . I'm looking to get married to a guy who makes at least half a million a year. I know how that sounds, but keep in mind that a million a year is middle class in New York City, so I don't think I'm overreaching at all. Are there any guys who make 500K or more on this board? Any wives? Could you send me some tips? I dated a business man who makes average around 200 - 250. But that's where I seem to hit a roadblock. 250,000 won't get me to central park west. I know a woman in my yoga class who was married to an investment banker and lives in Tribeca, and she's not as pretty as I am, nor is she a g

Chinese Factory Worker Can't Believe The S**t He Makes For Americans

This article pretty much says it all about our Western lives where we want to make everything easy and simpler to the point that we are wasting money buying things that we think will make our lives simpler, but in reality, we are just buying junk that we'll probably use once or twice. No wonder the Western world is in so much debt. Warning, lots of explicit language. Here's the link .

20 Timeless Money Rules

I saw this on CNN Money and I thought it gives great advice on money. http://money.cnn.com/galleries/2007/moneymag/0708/gallery.20_rules.moneymag/index.html

More on identity theft

I was talking to a friend of my last night about how people just put up their information online without a second thought and how easy it would be to steal their identity. We were talking about the kind of information people put up on sites like Friendster, Facebook, etc. Our friends and other people post their e-mail, birthdates, telephone numbers, pictures, etc. He mentioned about a friend who put up his info on Friendster and Yahoo, when one day, someone asked to be added to his Yahoo Messenger. He didn't know who it was but just added the person anyway. A few days later, the person sent his friend a link and when he clicked the link, it too him to a website that copied his password and info on his Yahoo Messenger. Now that the person has his friend's info and contact list, the thief sent a message to his contact list asking them for monetary help saying that he needed to go back to the Philippines and needed money. His friends sent the guy money and I believe that thief got

Crashes and Bubbles

As I write this, the Dow Jones almost hit 13,000. It was 17 points away from 13,000 before ending the day down 42.58. The Canadian housing market is on the rise again as the summer weather is coming, where there is more sunshine and more people are able to go outand look at homes. You've probably heard about the Real Estate market in the US where prices have been going down since last year. And the price of oil looks like its going up again where the morning prices at the pump is around120.99 a litre. I'm not sure if you also noticed, but shows on TV especially on HGTV have been geared towards housing and selling homes. Shows like "Flip ThisHouse", "Big City Broker", "Designed To Sell" and "House Hunters" just to name a few. I'm sure you all know, we are looking at a real estate bubble. Although a lot of people would say otherwise and I know people would argue that this time it's different and that the real estate market will not

Real Estate Roller Coaster

Saw something interesting today. With the run up in real estate prices in the last few years in the US. Someone plotted the US home prices adjusted for inflation as a roller coaster ride. Here's the video.

Credit Cards and Annual Fees

Almost every one of us has credit cards. But how many of us pay an annual fee on our credit cards? If you're paying an annual fee on your credit card, my question is, why? Are you paying an annual fee to get lower interest rates or it is to get the reward miles and points? Is it actually worth it to pay $50 to $100 in annual fees for a reward miles card or is it better to save those annual fees and pay your airfare directly instead? If you're paying an annual fee to get a low interest card. Are you paying off your balance every month? If you are paying off your balance, why do you need to pay a fee to get a low interest? These are just some things that people take for granted. Card companies make millions a year on these annual fees because they know we just never give a second thought about them. In the long run, those fees stack up and we end up paying thousands of dollars for something we never really need or use. Just like the extended warranties they sell for computers or