User 168566

2 Comments

    • ON: Thu Mar 27th 00:54 AM
      Commented on:
      Fox Business Gunning for James Cramer
      Don't buy mutual funds! Of course, this is my opinion, but the data seems to show that a very great majority of fund managers do not beat the indexes in the long run. This makes passive investing in index funds more appealing. Also, you will not have all those outrageous costs that are the case with mutual funds (i.e.: management fees, salaries, etc.) that swallow up the substandard returns. What really gets me is the investing of one mutual fund into other mutual funds, who in turn invest in other mutual funds. I was looking at the report from a RBC Mutual that my friend holds, and this was the case. And then those funds own other funds, even the beginning RBC one. Now we are realizing layers upon layers upon layers of fees. Maybe I should get into the fund managing business!
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    • ON: Wed Mar 26th 16:01 PM
      Commented on:
      Why US Interest Rates and the US Dollar Will Continue to Fall
      A) The U.S. needs to crash to correct the irresponsible use of credit by consumers and the irrational extending of credit by financial institutions.
      B) The FEDs work to date seems to have not helped Americans (i.e. the $240 billion cash injection that will only serve to extend this credit bubble and buy time for banks to get their investments out). Further work done by them that will help Americans seems questionable.

      As I see it, the American public, who cannot even pay their individual consumer debts, will eventually have to foot the bill that the worst administration in history has racked up ($10 trillion now?). Raising taxes to service the debt seems tricky with a broke public heading into a recession. So then what? Print money, probably. Goodbye dollar! Stagflation could be a term spoke about a lot in the next couple of years for your country.

      Suggestion: Go north to Canada :) You pretty much own us anyways and there is some growth here in the West.

      sev_77@hotmail.com
      View article »
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