Trade
October 17, 2019
Let’s say the USA could convince each billionaire in the world to give every penny of their wealth to the US Treasury. How long do you think we could run the US Government based on the Fiscal Year 2020 Budget? I had to do the math. According to Forbes’ 33rd Annual World’s Billionaires Issue, there are 2,153 billionaires in the world. In total, they have a combined worth of $8.7 trillion dollars(1). The US Federal Budget for 2020 is $4.74 trillion. (2) $8.7 trillion divided by $4.74 trillion translates that we could only run the United States for 22 months! […]
October 3, 2019
Back in 2015 when we moved your investment accounts to TD Ameritrade, we had a choice. Our choice was to pay trading fees for all of our clients OR to have our clients pay for the trading fees on their own accounts. We decided to have our clients pay the trading fees on their accounts for two reasons. (1) If we paid the trading fees, we felt we would have a conflict of interest to trade your account. Meaning that every time we placed a trade, it would cost thousands of dollars and we wanted to focus on the profitability of the trade […]
April 14, 2018
If you just listen to all the hype about China. You’d be convinced they are going to take over the world. There’s so much talk today about their incredible growth rate and the power of their economy; we may forget just how good we are doing in the US. Yes, it is amazing how quickly the Chinese government has forced their growth pattern. They’ve literally flooded millions of people from their hometowns with the Three Gorges project and forced them to move to the city. They are relocating 250 million people, according to a NY Times report, from the countryside to the city, […]