Supercar Pileup = Free Advertising

Posted by Genry Read in Financial Reviews | No Comments

The Ferrari pileup in Japan is isn’t the first example of a luxury car demolition derby. The total damage is estimated at around ~$4million.

Call me suspicious but given that the cost of a Superbowl add is ~$3million, hiring a few stunt drivers and letting them crash on the highway would create an economic benefit (as long as all the drivers survive).

When I drive my Ferrari on the highway… OK… IF I was driving a Ferrari that I miraculously owned, I don’t think I’d set myself up to pile into someone from behind. 

Jim Letourneau | Buffer |

Investing in Copper

Posted by Ginger Makales in Financial News | No Comments

Investing in copper is becoming a very popular trend for those looking to diversify into new metals other than precious metals.

There are a multitude of reasons one might chose to begin investing in copper, so we’ll break down the pros, cons, and the methods for buying copper as an investment.

Why investing in copper is a good idea

Investors are building positions in copper as an investment for the following reasons:

  1. Limited Supply – The amount of copper available at inexpensive prices continues to dwindle. Miners that found copper easy to mine are finding it harder to produce more and more of it to keep up with demand. It is expected that at some point in the next 25 years, copper will have been exhausted, and future mining potential will be all but impossible. You can read more about Peak Copper at Wikipedia.
  2. Emerging Market Growth – Copper’s utility is maximized in infrastructural investments in pipelines, electrical wiring, and other much needed infrastructure in the developing world. The eme

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Who are the Chartered Financial Planners

Posted by Admin in Financial Posts | No Comments

If you are planning to engage the services of a financial planner, it is wise for you to hire someone who is an actual chartered financial or wealth planner. Typically, this person is someone who has gotten the necessary education for certification (in areas such as financial planning, insurance planning, risk management, retirement planning, etc.), has passed the necessary examinations (depending on various countries’ requirements), has at least three years of relevant work experience and most of all, is committed to abiding by a professional set of code of ethics.

On the other hand, if you are considering a change in your career, this is also a viable option for you, especially if you find that you have a passion for helping others make positive changes in their lives, specifically in the area of personal financial management. N (…)

Real Estate News by the Numbers: Week of November 26 – December 2

Posted by Clifford Mato in Best Financial Tips | No Comments

A quick rundown of the important real estate news from the week of November 26 – December 2, by the numbers:

8.6% U.S. unemployment rate for November 2011. The rate is the lowest since March 2009 and a significant drop off from last months 9.0% rate. The U.S. economy also added 120,000 jobs, more than the 110,000 jobs economists had predicted.

3.9% Decline in the S&P/Case-Shiller home price index in the third quarter of 2011 from the previous year. That is up from the second quarter, when the index was down 5.8% from the previous year.

December 19 January 2 Dates which Fannie and Freddie will have a moratorium on foreclosures in respect for the holiday season. During this time, legal and administrative proceedings for evictions may continue, but families will be allowed to stay in their homes, Fannie said in a statement.

$2.5 Million Price cut on comedian Dennis Millers Montecito, CA home. Th

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Study: Foreclosure and Housing Crisis May Have Health Repercussions

Posted by Genry Read in Financial Reviews | No Comments

Mortgage foreclosures and the housing crisis are not only affecting Americans finances, but also their health, according to a recent study by the American Journal of Public Health (AJPH).

If you think about it, anytime you have problems with money, you probably have trouble sleeping, concentrating and maybe even eating. Stress can make you short-tempered, depressed and lead to a myriad of other problems that can wreak havoc on your body.

The focus of the study released last month was American homeowners ages 50 years and older. It is the first long-term study correlating the housing and economic crisis with health. The study findings may not be surprising, but the results are alarming. The age group of those 50 years or older were the most likely to suffer from depression when they fell behind on their mortgage payments.

Even worse, when these homeowners start having trouble making mortgage payments, they cut back spending in other necessary areas. T

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Politicians Appear Set to Put Politics Ahead of the Country’s Long-Term Economic Health

Posted by Ginger Makales in Financial News | No Comments

The headline above likely comes as little surprise to anyone, but considering the magnitude of the problem and its potential consequences, it is truly shameful.

The apparent failure of the Joint Select Committee on Deficit Reduction (i.e. the “Super Committee”) is clearly disappointing. Both political parties are pointing fingers at the other for the failure; but in the end, it is the American economy that will suffer most significantly as politics are placed ahead of doing what is right for long-term economic health.
Outside of the extremely low probability of a surprise development before the Wednesday deadline, the failure will result in automatic cuts to future government spending to kick in starting in 2013, as agreed to under the August debt ceiling agreement. These automatic (or “sequestered cuts” in governmental parlance) amount to about $1.2 trillion over a 10-year period. About half of the cuts will come from Defense spending, and half from Medicare and other programs. (…)