Owner: 17th Avenue Money Talks URL:http://17ave.blogspot.com Join Date: Sun, 18 Jan 2009 11:52:51 -0600 Rating:0 Site Description: A personal finance blog that talks about saving, investing and building wealth over time. Site statistics:Click here
Fibonacci Retracement on S&P 500 2009-01-18 15:00:00 The Fibonacci retracement is very useful tool for stock traders to identify strategic places for transactions to be placed. Stocks will often pull back or retrace around a percentage of the previous move before reversing. Four levels of the Fibonacci retracements often occur, and they are usually at 23.6%, 38.2%, 50%, and 61.8%.Let's first take a peek at the 2-year S&P 500 Chart below. From it
Financial Goals for 2009 2009-01-17 14:34:00 1. TFSA - Open a Tax Free Saving Account (TFSA) - I've put $5000 in BMO's TFSA which provides 3.00% interest with no transfer fees attached. The main purpose of this saving account is for my first home purchase down payment in next two years when the real estate market settles down. Canadian Capitalist talks about some great ideas about how to use the TFSA.2. Emergency Fund - Build myself an emer Read more:Financial
, Goals
Weekly Trading Update - January 16, 2008 2009-01-16 22:10:00 Positions From last week,Horizons BetaPro US Bond Bear+ ETF: 100 shares: total cost of $1,333.95Horizons BetaPro S&P 500 Bear+ ETF: 250 shares: total cost of $6994.95Transactions this week,Horizons BetaPro S&P 500 Bear+ ETF Jan 13, sell, 250 shares @ $31.37 - $9.95 commissionTotal Cost: $6994.95Realized Gain/Loss: $7832.55 - $6994.95 = $837.6 (11.97%)Jan 13, Buy, 400 shares @ $31.90 + $9. Read more:Weekly
, Trading
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, January
Passive/Active Index Investing 2009-01-14 15:19:00 I just don't understand the attraction to passive or active index investing ever since index investing gets so popular. The idea is simple enough; use only broad-based index funds and always stay invested. The proponents of passive investing believe that active management cannot reliably beat the market and they always have plenty of data to back up the theory.Stock indexes have always been an ind Read more:Passive
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, Investing
US Treasury Bonds & Stock Market Recap 2009-01-07 18:24:00 Finally, the price of 30-year US Treasury
Bond ($USB) has turned south. As you can see below, it remains in the overbought territory for almost one month before it went down a couple of days ago. The price drop is mainly caused by rising treasury yields as investors move to riskier securities, stocks especially.The question is whether investors are moving back into riskier securities too early. Th Read more:Bonds
, Stock
, Market
, Recap
, Stock Market
Initial Net Worth Update 2009-01-01 14:08:00 Here is the grand opening for my monthly net worth update on this site on January 1st, 2009. In future, the monthly net worth update will be posted at the end of every month.Anyways, here it is as of the first day of 2009, AssetsVehicles: $6500 Cash: $6,200 Savings: $11,100 Registered Investment Account: 18,400 Non-Registered Investment Account: $25,400 Total Assets: $67,600 DebtsCredit Card Deb Read more:Update
, Worth
2008: A Year to Study for Stock Investors 2008-12-31 18:35:00 For the year 2008, the Dow fell 33.8 percent; the S&P skidded 38.5 percent; and the Nasdaq posted its worst year ever, with a 40.5 percent drop.Below is the table for the top 10 best performers for the year in the S&P 500 index,in terms of percentage gains from Reuters. Are they really recession-proof?WINNERSCompany Pct changeFamily Dollar Stores Inc Read more:Stock
, Study
, Investors
Season's Greetings 2008-12-23 20:56:00 Wishing everyone a Merry Christmas, Happy Hanukkah and Happy Holidays. Read more:Season
, Greetings
Stocks rally & Oil falls on Fed's rate cut 2008-12-16 17:21:00 The S&P 500 Index was up 44.6 points, or 5.1% today with the Fed's rate cut. It closed above its own 50-day moving average which shows really bullish signal while 10-dma and 20-dma are on the rise to cross the 50-dma. It's also off the over-bought territory to show further upside technically. Crude oil, on the other hand, tumbled today as the U.S. Federal Reserve interest rate cut revived inve Read more:Stocks
U.S. Economy Week Ahead 2008-12-14 23:09:00 Goldman and Morgan Stanley are expected to post another big quarterly write-downs on Tuesday and Wednesday respectively after their recent conversion into bank-holding companies. The Wall Street Journal expects "More Pain at Goldman and Morgan Stanly".The Fed is expected to lower their target for the overnight federal funds rate by at least a half-point to a record low of 0.5% at the end of a two-
8 Steps to Purchase a Home 2008-12-10 17:16:00 Step #1 – Meet with a financial institution for 3 reasonsLearn about the lending institution and negotiate an interest rate. A difference of even half a percentage point can mean a huge saving over the life of a loan. For example, the difference in the monthly payment on a $100,000 mortgage at 8 percent vs. 7.5 percent is about $35 per month. Over 30 years, that's $12,600.Ask about all their fee Read more:Purchase
Job Report & Stock Market 2008-12-08 00:08:00 In US, the unemployment rate reached its highest point since 1993, and overall employment fell by more than a half million jobs. Quite simply, there was nothing good in this report. As the stock market is typically leading the general economy for 6 months ahead, the worst is yet to come.However, we need to remember that the fundamentals will still be horrible and appearing to get worse when the ma Read more:Stock
, Market
, Stock Market
Gas Saving Tips in Winter 2008-12-01 16:06:00 With the cold weather upon us once again and there are ways to save gas and money even when the weather turns cold.During cold weather watch for icicles frozen to car frame. Up to 100 lbs. can be quickly accumulated! Unremoved snow and ice cause tremendous wind resistance. Warm water thrown on (or hosed on) will eliminate it fast.Same idea as above, empty the trunk and remove the excess weight fro Read more:Saving
5 Steps to Prepare Your Holiday Spending 2008-12-01 01:35:00 Whether it's planning for Christmas, Hanukkah, a big New Year's Eve Bash, or a pricey winter vacation, the time is now to get your finances in order to avoid debt and regrets that can lead to the holiday blues. The season of gift-giving and fellowship too often creates the spirit of giving far beyond what you can realistically afford. However, if you start now you can be holiday guilt- and debt-fr Read more:Holiday
, Spending
Advertise 2008-11-29 14:00:00 17th Avenue Money Talks is now accepting advertising in addition to its Google AdSense. The 17th Avenue Money Talks was opened in November, 2008 and is growing very rapidly over time. This personal finance blog is viewed by thousands of readers every month. There are tons of personal finance content covering areas such as investing, saving money, debt, insurance, stock trading, taxes, and real est Read more:Advertise
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