The east coast is getting hammered with its second natural disaster in a week. For the usually calm area (from a nature perspective), many are not sure how to react. Some in the coastal regions of the impacted states are ignoring warnings to evacuate at significant risk to their own lives. An earthquake happened earlier in the week, Steve Jobs resigned from Apple, and now a hurricane. Quite the eventful week.
Happy Father’s Day and Links
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It’s a day in celebration of Dad. Maybe he taught you how to build things with your own two hands. Maybe he taught you how to mow. Or maybe he taught you how to balance your checkbook. Whatever your Father’s specialty was, he likely imparted part of it on you as you were growing up.
We can all agree we wouldn’t be here without good ole Dad, so take time today to reach out and let him know how much your appreciate him.
While you are kicking back with Dad this weekend, don’t miss these great personal finance articles:
Slowing Job Growth, Stock Market Fears, and Links
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The US Stock Market was shaken this week by seemingly bad job growth numbers. Only 54,000 jobs were added to payrolls. That sounds like a lot of people, but economists were expecting about 170,000 to be added. Over 230,000 jobs were added in April, and all the numbers this year aside from January were over 200,000. May’s number of 54,000 was much closer to January’s number. It’s a big step back according to economists, and with unemployment on the rise, fear affected the stock market. The S&P 500 dropped 1.93% for the week.
With the uncertainty in the market, Warren Buffet’s quote on fear came to mind: “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
So, should you be greedy and jump into the market? Is it time to wait for the stock market to go down before hopping back in? Or does that qualify as timing the market?
While you consider whether to run with the herd away from the stock market or to step boldly into the stock market, check out these great personal finance articles:
A Royal Wedding and Links
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Prince William and Kate got married over in the British Empire. They are now known as the Duke and Duchess of Cambridge. It was rumored so many people might tune in and tweet about the wedding that major websites and services like Twitter might crash. Thankfully the wedding started at 3am Eastern time, well enough early not to disrupt much of anything on my end of the world.
You may have no interest in the Royals — neither do I — except this one curious fact: it is estimated that up to 80 million pounds (about $134 million) was spent on the wedding. Even if a hefty chunk of that is security, and if you’re off by a factor of 50%… that’s a ton of money. And they say there’s a global recession!Continue Reading
Trump’s Net Worth Mystery and Links
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There was an interesting and kind of odd article up at CNN Money this week. Donald Trump either doesn’t know how much he is worth or doesn’t have a solid understanding of what net worth is. One author (that he sued!) claimed he was only worth $150-200 million, while trump says $3.7 billion is a conservative estimate. This may not seem like a big deal, but with Trump allegedly considering a Presidential campaign in 2012 I find it intriguing. Understanding what net worth means is kind of important especially if you claim to be a business mogul.