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Yielding Wealth | Personal Finance

Archive for November 2007

November 8th, 2007

Michael Jackson Foreclosure: Celebrities Have Money Problems Too

With 2 million foreclosures expected by 2009, some may be tempted to think that only “regular” folks are affected. But even celebrities have money problems (but for very different reasons).
Witness Michael Jackson. His Neverland Ranch is in foreclosure. He ended up over-leveraging his home with a $23 million mortgage loan. And Fortress Music Trust, the [...]

By miranda -- 0 comments

November 7th, 2007

Is Now the Time to Invest in Gold?

In case you haven’t noticed, the Canadian dollar is worth more than the U.S. dollar. We expect such things from the pound and the euro, but from the loonie? And what happens when the dollar tanks? Well, gold becomes the safe haven. If you chose to invest in gold a couple of months ago, you’re [...]

By miranda -- 1 comment

November 6th, 2007

Fun Contests Over at the Sports Channel

Free stuff is always good. Here are some fun contests going on.
Poker Addicts is offering the chance to win free gear from the World Poker Tour. Just remember that gambling is just that. Gambling. It’s not an investment plan, and you shouldn’t ever, ever bet what you can’t afford to lose.
Hockey Beat and Rackets and [...]

By miranda -- 0 comments

November 5th, 2007

B5 Media Business Channel: Elections and Business

Today, all of the blogs on the B5 Media Channel are about elections. Fitting, eh? Business and elections…
Head on over and learn about making your vote count. And don’t forget to vote tomorrow!
Tags: B5 Media Business Channel, Business, elections-and-business, making-vote-count, Personal Finance, personal finance blog, yielding wealth

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By miranda -- 0 comments

November 5th, 2007

Can Who’s In Office Affect Your Personal Finances?

Tomorrow is Election Day. For most of us, it is mostly local issues and races that will be decided upon. But who we elect has more to do with our lives than just things like roads and what-not. Your personal finances can be affected.
The Blue Way is a book that takes investing and turns it [...]

By miranda -- 8 comments

November 2nd, 2007

Retirement Planning: The Fed Rate Cut and Inflation

There are many ways that Wednesday’s Fed rate cut could affect your personal finances. But when it comes to yielding wealth, in the long term, the Fed rate cut may not be terribly helpful. After all, in the long term, most rates, like mortgages are more affected by the rate on the 10-year Treasury note.
Consider [...]

By miranda -- 0 comments

November 1st, 2007

The Wild Ride That is the Stock Market

ExxonMobile (XOM) ran into earnings trouble and that, coupled with ridiculously high oil prices, has managed to effectively undo any positive effect that might have come with yesterday’s Fed rate cut. Of course, the biggest damage was probably done by the statement accompanying the Fed rate cut. The implication is that the slashing is done [...]

By miranda -- 3 comments