Jun
11
Child – First Account Oppened
June 11, 2009 | Leave a Comment
We just opened the Child’s first bank account. A regular savings account will do, under Uniform Transfers to Minors Act.
“In most states, minors do not have the right to contract, and so cannot own stocks, bonds, mutual funds, annuities and life insurance policies. In particular, parents cannot simply transfer assets to their minor children, [...]
Jun
10
Social Security Card Arrived
June 10, 2009 | Leave a Comment
Sorrow and Joy. Sorrow because the Federal government has decided to start normalizing our child – converting him into a traceable number. At the same time, it allows us to do things like open bank accounts for him and deduct him from taxes (if only we where not phased out). One thing [...]
Jun
10
New Child
June 10, 2009 | Leave a Comment
We got our first child in the last few weeks. A lot of excitement and joy. As this blog is about financial matters, we will probably discuss the financial decisions we take in this process.
Fortunately we haven’t really had any major expenses so far. A few diapers and a crib that we [...]
May
19
Bailout Investments? Where are My Returns?
May 19, 2009 | Leave a Comment
Some banks are returning the money they got from government. Promised returns may not show up. Should the government invest Taxpayer’s money?
We do invest already, in a variety of ways. First of all, let’s define the bounds of the idea of investing. Dictionary.com first definition is “the investing of money or [...]
Mar
27
People Have Spoken: No Performance Based Pay
March 27, 2009 | Comments Off
Today, Bank of America (BAC) announced that they will increase their top level investment bankers salaries by up to 70%. In their own words: “The concepts we are considering would not increase total compensation, Rather, we believe it is responsible, and consistent with the emerging public consensus, that a greater percentage of overall compensation come [...]
Feb
25
Education is Priceless, or… is it?
February 25, 2009 | Comments Off
Last night our President established the public or publicly subsidized education system a priority. He even pointed:
“…an education system that produces one of the highest high school dropout rates of any industrialized nation — and half of the students who begin college never finish.” Obama – Data corroborated with Census Bureau data, and presented in [...]
Feb
23
I would buy NVDA, if I was APPL
February 23, 2009 | Comments Off
If I where leading Apple (APPL), I would gladly buy NVIDIA (NVDA).
Nvidia has lost the quarter. Not a great company to invest on for the individual investor. Not right now. But they supply a big portion of the desktop/laptop costs. Apple would be able to extend their market reach [...]
Feb
23
Communist Manifesto
February 23, 2009 | Comments Off
As we face the prospect of Bank Nationalization, some in the press make references to the fact that it was one of the steps to become a Communist Nation, as defined by Karl Marx (the founder of Communism). Boston Herald, for example, mentioned the idea recently. This prompts going to the source (or as close [...]
Feb
10
Doom and Gloom Virus
February 10, 2009 | 1 Comment
Recently every person I see just talks about how bad the economy is. Reality is, it is terrible. However, I am beginning to feel that people are just talking about how bad it is rather than spending time finding ways to improve it.
The economy doesn’t heal by itself. The government can’t heal the economy either: [...]
Feb
10
How many more bailouts?
February 10, 2009 | Comments Off
The TARP wasn’t well regarded, and the new stimulus seems to have dissapointed investors just before it has arrived. The question remains: How many more bailouts are needed to fix somethign?
Could it be that the problem may solve by itself? Or that people are the only ones who can solve it, not the government? I [...]
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