Obama Warns of Double Dip

President Barack Obama said during an interview with FOX News, that he's worried that spending too much money to help revive the economy could undermine a fragile U.S. recovery and throw the economy into a double-dip recession. What I believe he intends is to ignore the many political and economic voices, who say he should focus on the economy and drop the Health Care Reform. He added in the interview, that it's important to recognize that if the nation keeps adding to deficit spending through tax cuts or more stimulus spending, at some point people could lose confidence in the U.S. economy and that could lead to a double-dip recession.

Deficit spending is deficit spending. Does it matter whether it is on Health Care Reform or the economy? President Obama also told FOX News that his administration is weighing tax breaks that could encourage businesses to begin hiring again. How do you tax wealthy people and give tax breaks to businesses at the same time. Who is it that own the businesses?

My take is that if Obama predicts a double dip recession, we will have one. If he want to avoid the dread "W" recession, then quit scaring investors and undermining market confidence.

If you want to read the article you can find it here:http://news.yahoo.com/s/ap/20091118/ap_on_re_as/as_obama_economy

How to build wealth workshop

Last night I went to a Rich Dad Poor Dad seminar in my area. It was interesting but since I had read a lot of the books already, not much was stated that I did not already know. The main reason for the seminar is to sell their 3 day intensive workshop on everything you ever wanted to know about making money, getting rich, investing, entrepreneurship, etc. The cost is $500.00, and I bought in as a training investment since I already have an LLC. They also will allow you for that price take a spouse or business partner. My wife would not care to attend and I have no business partner, or do I? Anyone wanting to become a partner in this business training please leave me a comment or email. I think it is worth it. If you have ever read any of Robert Kiyosaki's books, he is a very knowledgeable man. As they said in the seminar how much would you be willing to invest to become rich? Contact me and we can work something out.

A Good Week for Me

As everyone was waiting for a big pullback this week the market just kept going. Target increased around $3/share yesterday and another $1 today before coming down a bit. Now that was an opportunity. I missed the bump up but shorted it on the way down and made a little bit of money.

I put a stock ticker on the left side of the page that you can used to get a quote and I also put the status of some I am working with in it. I will try to change the stocks presented as I change my portfolio. Especially if I start getting some traffic to this site. I need to put a web counter in, or you could just leave comments. If anyone would like to trade links and is interested in the stock market, leave me a comment with your address in it.

Lets go make some money!

Investment Strategies

As the title implies, at this time I believe in a strategy that involves taking a long approach and investing in a few proven stocks and playing the short game and trading quite a few stocks. My father told me "It is just as good making a little money a lot of times". What he did not tell me was that it is much harder to become emotionally detached to your portfolio when trading short term. Today was not a particularly good day for me as far as stocks go, but I know that the longs will come back up. When short term speculative stocks pull back, I try not to panic. Everyday I learn something new. I did not learn this today, but when a trade starts going south SELL. At what point do you sell? 5% down, 10% down. That is up to you. You should have a strategy going in to a trade. I have my own strategy but I will save it for another post.