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Category: Your Money
Should feel pretty bad: 10-year US Treasury yields fell to 2.05% from 2.13%, 10-year Tips went negative again (-0.018%), while 10-year Bund yields fell below 2% for the first time ever.
With the odds of new stimulus increasing, Gold futures are currently up 2.4% to $1,873/oz.
Image via Wikipedia
Boy were they bullish in August!
StockViz did a survey of the buzz on twitter and chalked up the following stats:
On a month when the Nifty lost more than 10%, this is one optimistic bunch with 3x more buys’ than sells’. And the stats pretty much maintain the same proportion toward the end of the month as well.
The most buzzed about were: SBIN, JSWSTEEL, DLF and RELIANCE, all of which are currently sporting bearish trends.
Image by Mission:Explore via Flickr
A recent study asked: How do you want to live in retirement? Where do you want to live? What activities you want to engage in?
And based on how much it would cost to lead that lifestyle, people would actually need 135% of their final income to live that way.
We have an industry that asks one question it’s giving the answer to, and a second question that assumes that people can accurately describe their risk attitude (which they can’t). This saddens me because, while I think that financial advisors are overpaid for the service they provide, in principle they could contribute much more, and they could even deserve their salary. But only if they start offering a more useful service, one that they are in the perfect position to provide. Money, it turns out, is incredibly hard to reason about in a systematic and rational way (even for highly educated individuals). Risk is even harder.
Read more here.
June 26, 2008:
Angelo Mozilo: “Bank of America will reap the benefits of what we have sowed.”
August 31, 2011:
Bank of America paid $2.5 billion to buy Countrywide, but writedowns and legal costs have pushed the estimated cost of that purchase to more than $30 billion.