Down Goes the Market!
The stock market has dropped faster than a prize fighter that just took one on the jaw. It’s been a rough couple of weeks. In large part, debt, as we have been discussing, has been to blame. Let’s take a look at some of the recent news items: S&P Downgrades the US Credit Rating: The…
Is Debt Bad??
With all the discussion around the debt ceiling, many residents of Main St are likely wondering: Is debt bad? The answer isn’t black and white. Debt is good, when used correctly and responsibly. So let’s cover how and when to use it. Mortgages: Mortgages have gotten a lot of press lately, and not in a…
The Debt Ceiling
If you’ve had your eye on the news, both financial and political, you know the current hot issue is the debt ceiling. So what’s the big deal and what does this actually mean? The U.S. needs cash: The U.S. needs cash to pay it’s bills, just like anyone else. And the U.S. uses debt (in…
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Venture Capital – the New Sports Book
Are venture capitalists really just another form of bookies and entrepreneurs the mark? While I’m not quite ready to make that argument, there is at least one person who thinks there are some similarities. Here is the exact text: “Venture –funded companies attract talented people by appealing to a lottery mentality. Despite the high risk of…
Planning makes better investing
When residents of Main St are deciding how to begin the investing process, as we discussed previously, the first step is assessment. There are some important things that any potential investor needs to ask themselves first: Making a Plan The market moves up and down, and that volatility is what scares investors. Investing is not about buying…
No Free Lunch
Continuing with our previous topics of how to make more money with your money, and how to just make more money period, I want to address the myth getting of something for nothing. One thing that residents of Main St should be aware of, if they are not already, is that there is no such…
Personal Finance for Main St
When residents of Main St look for news on how the economy is performed that day, it's often reported in terms of how the "Dow" or the S&P 500 performed that day. So what is the Dow? Ditto for the S&P 500?
