Astoria, New York
In an article posted on Yahoo,we can learn from some frugal billionaires who save in a very frugal manner, even though they can afford anything. In response to that article, this blogspot of the real economist can explain why some billionaires are so frugal. " The answer is personal character. " said FPG. " Some billionaires come from the old school and that is a plain fact. Carlos Slim of Mexico is the richest one of them all. He is old. He lived in the harsh times after World War II. His mentality is to save to the last penny in order to make more money. He preferred to live in his house of 40 years because it's probably sentimental to him. But he knows that by doing so, he would avoid buying another one at today's market prices, a hefty increase since he bought his first one. " Frugal billionaires may be very price conscious and therefore they hesitate in moving forward if not needed. Why buy a new car if an old one is comfortable and still works well? On the other hand, Silvio Berlusconi is not mentioned in the article. " Berlusconi is probably a good spender. He likes to live the rich life, spending left and right. His spending has caused him problems too. His latest divorce with his wife was because of his spending on young pretty girls as well as call girls." continued FPG. " I believe that spending depends on the individual. There are people who like to spend more and others that like to spend less. But it's how you spend and what you get out of it that determines your level of frugality" finalized FPG.
For the article on frugal billionaires please go to: http://finance.yahoo.com/banking-budgeting/article/110550/tips-from-frugal-billionaires?mod=bb-budgeting
Sunday, September 5, 2010
Monday, July 5, 2010
FROM MICROCAPSTOCK.BLOGSPOT
DOUBLE DIP SCARE HAS MARKETS ON THE EDGE
*WILL MICRO CAPS BE A BETTER BET?
*IN A WORLD OF HIGH DEBT,LESS ROOM FOR EQUITIES
Astoria Heights, New York
It may be better being careful than aggressive in these periods. An orrendous 2008 to early 2009 followed by some kind of recovery that has vanished as the Dow dipped deeper in the 9000 levels. FPG believes that after the rebound in the markets that we expereienced since March 2009 we have now been under pressure for many reasons. "In a market that is under pressure like this, we have serious doubts in sustained growth and therefore we are seeing some chaotic period. Micro caps are also under pressure and therefore forecasting on the all is impaired. Slow hand picking cheap situations is a better bet." said FPG. In a world of high debt there less money available for equities. Only smaller money and fewer people will be able to take risks. "Unless governments come out with better solutions, we can be in this status quo for a while. Micro caps will always be there and companies that are committed in doing the right thing by the investor, will have the upper hand. " finalized FPG
*WILL MICRO CAPS BE A BETTER BET?
*IN A WORLD OF HIGH DEBT,LESS ROOM FOR EQUITIES
Astoria Heights, New York
It may be better being careful than aggressive in these periods. An orrendous 2008 to early 2009 followed by some kind of recovery that has vanished as the Dow dipped deeper in the 9000 levels. FPG believes that after the rebound in the markets that we expereienced since March 2009 we have now been under pressure for many reasons. "In a market that is under pressure like this, we have serious doubts in sustained growth and therefore we are seeing some chaotic period. Micro caps are also under pressure and therefore forecasting on the all is impaired. Slow hand picking cheap situations is a better bet." said FPG. In a world of high debt there less money available for equities. Only smaller money and fewer people will be able to take risks. "Unless governments come out with better solutions, we can be in this status quo for a while. Micro caps will always be there and companies that are committed in doing the right thing by the investor, will have the upper hand. " finalized FPG
Friday, July 2, 2010
THE DOW GOES DOWN DEEP BELOW 10,000, NOW BELOW 9,700
*JOBS, OIL SPILL, EUROLAND WOES TAKE CREDIT FOR DOW SINKING
*THE US SHOULD SAVE MONEY, NO SPORADIC FIREWORKS ON THE JULY 4TH WEEKEND
*THE US SHOULD SAVE MONEY, NO SPORADIC FIREWORKS ON THE JULY 4TH WEEKEND
Tuesday, June 15, 2010
GREEK FINANCE MINISTER SAYS GREECE IS NOT ARGENTINA
* MINISTER SAYS GREECE IS NOT DEFAULTING AND THAT MEASURES TAKEN WILL WORK
Astoria, New York
George Papaconstantinou, the Greek Finance Minister has spoken to Bloomberg reporter in reference of the downgrade of Greek bonds. He had strong words for the markets telling the investing community that austerity measures taken will yield to fruition. Stay tuned on Bloomberg TV for more developments.
Astoria, New York
George Papaconstantinou, the Greek Finance Minister has spoken to Bloomberg reporter in reference of the downgrade of Greek bonds. He had strong words for the markets telling the investing community that austerity measures taken will yield to fruition. Stay tuned on Bloomberg TV for more developments.
Friday, May 21, 2010
BREAKING NEWS: THE DOW GETS WHIPPED TO BELOW 10,000 AFTER YESTERDAYS BIG DROP
*EURO ZONE PROBLEMS BECOMING MORE CONTAGIOUS
*JOBLESS APPS INCREASE
*SENATE PASSES SWEEPING WALL STREET BILL
STAY TUNED FOR DEVELOPING STORIES.........
*JOBLESS APPS INCREASE
*SENATE PASSES SWEEPING WALL STREET BILL
STAY TUNED FOR DEVELOPING STORIES.........
Monday, May 10, 2010
MARKETS SOAR ON IMF'S EUROPEAN BAILOUT PACKAGE
*EURO RETURNS TO 1.30 AREA
*WILL THE PARTY LAST?
Astoria, New York
A nearl 1000 pt scare last week after a computer glitch sent the Dow tumbling in seconds and persisting European debt worries have translated in a strong rally on all bourses today. The reason is the IMF's committment in stabilizing Europe and the rest of the world. " This can been seen as quick fixes as well as trying to calm fears in the markets, but long term solutions are needed to create a more transparent environment for investors. " commented FPG. The Dow quickly slid to just below 10,000 on Thursday after stabilizing in 10,300 area on Friday. Today an early 400 point rally took it into 10,700 area, still a bit away from the 11,000 zone. The real economist will continue to monitor the situation.
*WILL THE PARTY LAST?
Astoria, New York
A nearl 1000 pt scare last week after a computer glitch sent the Dow tumbling in seconds and persisting European debt worries have translated in a strong rally on all bourses today. The reason is the IMF's committment in stabilizing Europe and the rest of the world. " This can been seen as quick fixes as well as trying to calm fears in the markets, but long term solutions are needed to create a more transparent environment for investors. " commented FPG. The Dow quickly slid to just below 10,000 on Thursday after stabilizing in 10,300 area on Friday. Today an early 400 point rally took it into 10,700 area, still a bit away from the 11,000 zone. The real economist will continue to monitor the situation.
Thursday, April 29, 2010
SPAIN JOINS IN EUROPE'S WOES, EU TO WORK OUT A GREEK DEBT DEAL
* SPAIN'S DEBT DOWNGRADED
* EU CHIEF SAYS WORKING ON GREEK DEBT DEAL BAILOUT BUT NO ASSURANCES GIVEN
Astoria, New York
More jitters for Europeans after a downgrade of Spain's debt. The country joins Portugal and Greece in Europe's credit crisis. Today, EU chief Herman Van Rompuy has said that his council is working on solving the Greek financial crisis but cannot assure on that. The deal should close in the next few days. He also is enforcing a 2 month ban restricting short sales on the Athens Stock Exchange. This was good enough to send European shares higher today. US shares have rallied yesterday from a decline on Tuesday that took the Dow below 11,000. Yesterday's close saw the Dow above 11 k again. The euro is a bit higher today above 1.32 against the dollar.
* EU CHIEF SAYS WORKING ON GREEK DEBT DEAL BAILOUT BUT NO ASSURANCES GIVEN
Astoria, New York
More jitters for Europeans after a downgrade of Spain's debt. The country joins Portugal and Greece in Europe's credit crisis. Today, EU chief Herman Van Rompuy has said that his council is working on solving the Greek financial crisis but cannot assure on that. The deal should close in the next few days. He also is enforcing a 2 month ban restricting short sales on the Athens Stock Exchange. This was good enough to send European shares higher today. US shares have rallied yesterday from a decline on Tuesday that took the Dow below 11,000. Yesterday's close saw the Dow above 11 k again. The euro is a bit higher today above 1.32 against the dollar.
Wednesday, April 28, 2010
EUROPEAN DEBT JITTERS PUSH DOW BELOW 11000
*PORTUGUAL JOINS GREECE IN DEBT WATCH WORRIES
*EURO SLIDES TO NEW 2010 LOWS
Astoria, New York
The greek debt status cut to junk as Portugual's rating downgrade took aim at the world markets. Markets across the globe saw new fresh 2010 peaks clubbered a bit on Tuesday as the European credit crisis deepens a bit. Even a rescue package for Greece did not seem to save it from junk status. But a Portugual downgrade opened the door to a possibility that other European countries such as Spain could follow Greece. These countries are the southern portion of Europe. Historically Southern Europe has been a weak spot for Western Europe. Italy, another country in the area, has been a bit stronger lately thanks to the center right government of billionaire Silvio Berlusconi. The euro currency has been on a slide lately and
Tuesday's events took it to new 2010 lows near the 1.30 area against the US dollar. The real economist will continue to monitor further developments on the European debt crisis.
*EURO SLIDES TO NEW 2010 LOWS
Astoria, New York
The greek debt status cut to junk as Portugual's rating downgrade took aim at the world markets. Markets across the globe saw new fresh 2010 peaks clubbered a bit on Tuesday as the European credit crisis deepens a bit. Even a rescue package for Greece did not seem to save it from junk status. But a Portugual downgrade opened the door to a possibility that other European countries such as Spain could follow Greece. These countries are the southern portion of Europe. Historically Southern Europe has been a weak spot for Western Europe. Italy, another country in the area, has been a bit stronger lately thanks to the center right government of billionaire Silvio Berlusconi. The euro currency has been on a slide lately and
Tuesday's events took it to new 2010 lows near the 1.30 area against the US dollar. The real economist will continue to monitor further developments on the European debt crisis.
Thursday, April 22, 2010
GOLDMAN SACHS FRAUD PROBE MAY SEND RIPPLES THROUGH THE FINANCIAL MARKETS
Astoria,New York
Goldman Sachs, the jewel of the financial banking system, is under the gun as allegations of fraud are arising. This blogspot will keep updating the situation.
Initially, shares of the company have fallen a bit, but news of good earnings report have baAslanced this situation. "The ongoing investigation and testimony in Congress may be damaging to a degree and we will need to continue to monitor all of this" finalized FPG.
Goldman Sachs, the jewel of the financial banking system, is under the gun as allegations of fraud are arising. This blogspot will keep updating the situation.
Initially, shares of the company have fallen a bit, but news of good earnings report have baAslanced this situation. "The ongoing investigation and testimony in Congress may be damaging to a degree and we will need to continue to monitor all of this" finalized FPG.
Wednesday, April 14, 2010
THE DOW CONQUERS THE 11000 MARK,WILL IT HANG ON TO IT?
*LONG AWAITED 11000 TOOK A WHILE BUT ARRIVES BY MID APRIL
*THE REAL ECONOMIST STILL SEES NEGATIVE ECONOMIC ISSUES
Astoria, New York
The Dow reaching 11,000 was like the Roma soccer team of Italy getting past Inter. It took time and hard work but it was achieved. Even though negative economic data are lurking around, positive signs of stability and decrease in unemployment have helped indices push higher. With interest rates near and at lows of the year, investors have returned to large and small cap companies as flocks of birds do when come back from the winter migrations. The Fed has said that interest rates are historical lows but they expect rates to go back higher sooner than later and real estate is in a dormant stage. In the meantime, hungry investors are sliipping back to risky investments. If you look at them, some investments are less risky than one's eye or immagination may suggest. Low priced stocks with low capitalization and good financials could be some of the ingredients for an investor's recipe.
*THE REAL ECONOMIST STILL SEES NEGATIVE ECONOMIC ISSUES
Astoria, New York
The Dow reaching 11,000 was like the Roma soccer team of Italy getting past Inter. It took time and hard work but it was achieved. Even though negative economic data are lurking around, positive signs of stability and decrease in unemployment have helped indices push higher. With interest rates near and at lows of the year, investors have returned to large and small cap companies as flocks of birds do when come back from the winter migrations. The Fed has said that interest rates are historical lows but they expect rates to go back higher sooner than later and real estate is in a dormant stage. In the meantime, hungry investors are sliipping back to risky investments. If you look at them, some investments are less risky than one's eye or immagination may suggest. Low priced stocks with low capitalization and good financials could be some of the ingredients for an investor's recipe.
Thursday, April 1, 2010
SPRING BLOOM MAY BRING DOW TO 11K
*The Dow has not seen 11000 since 2008
Astoria, New York
The markets hanging in the 10K range for most of the winter are about to crack at the 11K area for the Dow. April begins as a lamb for the holidays, after a snowy February and a wet March. "Even though we still see problems with the economy, it has stabilized in the short giving investors a vote of confidence. This in turn is giving investors a chance to buy stocks with alternate investments not bearing fruit" finalized FPG.
Astoria, New York
The markets hanging in the 10K range for most of the winter are about to crack at the 11K area for the Dow. April begins as a lamb for the holidays, after a snowy February and a wet March. "Even though we still see problems with the economy, it has stabilized in the short giving investors a vote of confidence. This in turn is giving investors a chance to buy stocks with alternate investments not bearing fruit" finalized FPG.
Wednesday, March 3, 2010
MERGER AND LENDING ACTIVITY FAVORING SMALLER CAPS IN 2010
Astoria, New York
Many small companies with good balance sheets and loss carryforwards in the Small Cap and Micro Cap World are in the driver's seat for 2010. With mergers and takeover activity starting to pick up coupled with better lending for the smaller companies, we have the potential for these tiny companies to outperform their larger counterparts. The capital gains rate, steady in 2010, is expected to rise by percentage points in 2011. Also tax rates for corporation is expected to go higher as government budgets need to find ways to solve their credit crunches. Thus, there is a rush to look for bargain small companies that can offer increased sales and loss carryforwards for the larger companies. Mergers among small companies could take place for various reasons too. Cost constraints, need to consolidate to save money and diversification to stay alive could be reasons for the micro caps to decide on a merger or a privatization. One of the interesting takeovers was Sirit ( SI.TO ) of Canada by Federal Signal. Sirit is a Rfid company that uses its technology for highway and bridges tolls. The initial takeover price was 30 cents Canadian currency but yesterday the offer was finalized at 46 cents, a whopping 53 plus percent premium. It signals the markets that many small and micro caps are undervalued and after thorough due diligence, it can lead to unleash higher values on these tiny companies. Also, lending towards smaller companies with good balance sheets and good stories has been favorable. " With less money out there to lend, it probably is better for the investment lenders to spread it out on a few favorable smaller companies than on a single larger cap. You are simply diversifying the risk and could be reaping on much higher rewards" finalized FPG.
Posted by FPG at www.MicroCapStock.blogspot.com 1:47 AM
Many small companies with good balance sheets and loss carryforwards in the Small Cap and Micro Cap World are in the driver's seat for 2010. With mergers and takeover activity starting to pick up coupled with better lending for the smaller companies, we have the potential for these tiny companies to outperform their larger counterparts. The capital gains rate, steady in 2010, is expected to rise by percentage points in 2011. Also tax rates for corporation is expected to go higher as government budgets need to find ways to solve their credit crunches. Thus, there is a rush to look for bargain small companies that can offer increased sales and loss carryforwards for the larger companies. Mergers among small companies could take place for various reasons too. Cost constraints, need to consolidate to save money and diversification to stay alive could be reasons for the micro caps to decide on a merger or a privatization. One of the interesting takeovers was Sirit ( SI.TO ) of Canada by Federal Signal. Sirit is a Rfid company that uses its technology for highway and bridges tolls. The initial takeover price was 30 cents Canadian currency but yesterday the offer was finalized at 46 cents, a whopping 53 plus percent premium. It signals the markets that many small and micro caps are undervalued and after thorough due diligence, it can lead to unleash higher values on these tiny companies. Also, lending towards smaller companies with good balance sheets and good stories has been favorable. " With less money out there to lend, it probably is better for the investment lenders to spread it out on a few favorable smaller companies than on a single larger cap. You are simply diversifying the risk and could be reaping on much higher rewards" finalized FPG.
Posted by FPG at www.MicroCapStock.blogspot.com 1:47 AM
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