Boomers… Do We Have Enough Gold … for Our Golden Years?
The largest population in history is about to transition into retirement ( the wealth distribution years ) and you better be ready because you have challenges unlike any prior generation, And, guess what, every financial services company and advisor is suddenly your best friend. Why, because there are over 76 million strong boomers who control an estimated 12-15 trillion dollars, that needs to be managed to provide a lifetime of income. Every industry from diapers to baby food to blue jean (more…)
Oil Crude Moves Up, as Well as Flooding at Refineries in PA
Sweet oil crude prices are reaching their all-time high and we are very close to $75 per barrel right now. The oil crude prices moved up sharply due to the flooding that occurred in upstate New York, New Jersey and Pennsylvania. In fact refineries were flooded in Pennsylvania and went off-line. Several power plants were also closed and with the Delaware River cresting and over flowing in many locations they will not be able to get in the oil deliveries.
There are other issues in the w (more…)
Let Your Money Work For You
The recent KenGen I.P.O. got me thinking. The requirement was Ksh 7 billion shillings and the subscription was in excess of Ksh 26 billion. Allan Bloom, a US philosopher said that whereas economists tell us how to make money; psychiatrists give us a place to spend it. I wonder whether or not this thought will hold any water when pay-time comes for those who borrowed to invest but will get refunds. However, I digress.
Given the overwhelming interest in the KenGen share, it was encouragin (more…)
A Spiraling Market and Rising Penny Stock Opportunities
It’s been a wild and wooly couple of weeks on the international stock markets. But is the recent slide grinding to a halt…or just taking a breather before tumbling some more? And more importantly, what does it mean to astute penny stock investors?
Wall Street recently stumbled to its worst week of the year, and global stock markets fell dramatically on concerns about rising interest rates and slowing growth. After rising almost 9% in the first four months of the year, the Dow Jones in (more…)