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The News President-elect Barack Obama announced today that his economic stimulus package could include up to $300 billion in tax cuts. The announcement came as a pleasant surprise to some Republican lawmakers, who previously thought the stimulus would consist mainly of infrastructure investments. Many believe this was a smart political move by Obama, since most Republicans [...]
”Never invest in any idea you can’t illustrate with a crayon.” -Peter [...] I was going to have a 2008 year end review post for the site, but then I figured it’d be too depressing. So here are a few cartoons that sum up the year better than I ever could. I honestly don’t know whether to laugh at them or cry. You can be the [...] |
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Be Weary Of Leveraged ETF’s
Over the past year or two the popularity of leveraged ETF’s has increased tremendously. These ETF’s seek to double or triple the returns on various stock indexes. Leveraged ETFs function by using financial derivatives, such as options, swaps, and index futures to magnify the returns on a particular basket of stocks. (Sometimes leveraged ETF’s will [...]