Young Wealth

Long Break From Blogging.

2008-01-09T19:50:00.000-08:00

Recently I took a long break from blogging. I have used the time to read a lot of books on finance and read up on a lot of topics I didn't know about. To name just a few I read a few of the Rich Dad, Poor Dad series which are insights on generally growing wealth. I also read Jim Cramer's Stay Mad for Life which I highly recommend. I also recommend subscribing to the "Lightning Round" on itunes as a podcast for CNBC. I hope to be posting a lot more on what I continue to learn.

I have also reevaluated my portfolio and taken new positions with my money from my summer job. Though I don't know if any of these new positions can beat PD which went up 24% before the by out and now as FCX has gone up 52%. Feel free to leave questions, I will respond ASAP.

-Brad

P.S.

If you know anything about Jim Cramer this late night interview will be hilarious.

http://www.youtube.com/watch?v=czKY-r6hLRQ

Some are sick of this "Roller Coaster" market.

2007-08-16T19:55:00.000-07:00

Wow, so much volatility in so little time. But just a few words of advice, wait it out. Things will recover once this storm passes over.

Market "Fear Factor"

2007-07-29T21:40:00.000-07:00

Well as you most likely already know, the housing market has everyone scared and is affecting all of the other industries. Hopefully the fears will simmer down this week as the new unemployment rates come out and consumer spending reports are released. Hope your portfolio weathered the fall, mine had a tough ride.

Why you should be wary of MSN's "Stock Scouter" system

2007-06-26T14:56:00.000-07:00

Although the "Stock Scouter" system often will give you a good rating for sound long term investments, it is not always correct. For example IAG was rated a 9 back on 9-18-06 but now has dropped to a 4 and fallen around 20%. Also, PD (now FCX) was rated a 6 then rose 24% until it was bought out. My point, trust your own instincts.

Markets Open Higher

2007-06-13T06:53:00.000-07:00

Well the market seems to be making a rebound this morning based on a new report of strong retail sales. Hope the interest rates don't come back to haunt us......

Another Sad day for the Sensative Market

2007-06-12T13:50:00.001-07:00

[BRIEFING.COM] Stocks tumbled Tuesday as a market increasingly sensitive to rising interest rates used the latest uptick in bond yields as an excuse to take some more money off the table. The S&P 500 paced the way lower among the majors as all 10 of its sectors closed sharply lower. Only four of the 147 S&P industry groups finished higher.

Well I have been noticing lately that the market has been increasingly sensitive to these reports of raising interest rates. But this tide shall pass. And yet even with these falls. Most metals, excluding steel, have been doing well like one of my personal favorites, FCX. How do you think the market is going to do in the next few weeks? Feel free to post your comments.

Have you started your portfolio yet?

2007-06-11T13:31:00.000-07:00

The great way for young investors to begin their small portfolios and put them into the investing world is to use an online brokerage. They have very low commissions and often no account minim. Sharebuilder is good for IRAs but the best for general trading is Sogoinvest.com which has just $3 commissions when buying or selling. Sharebuilder is good for low trading volume since it cost $15 per a sell which is a real time market order.

What are your strategies for building wealth?

2007-06-10T15:07:00.000-07:00

As a youth its hard to see into the future and try to see what is the point of saving and investing this early but trust me, not to would be one of the biggest mistakes of your life. Start your promising financial career now (with a little help of course) using careful planning and getting out into the world to experience it all. Here is a great website for young investors: www.fool.com/teens/teens.htm