In 1933 ,FDR made it illegal to own gold in the U.S.
Gold went to $35 an oz and pretty much stayed there til 1971 when it became legal to own gold again.
The effect in 1933 was a devaluation of the dollar.
S&P 500 Index is not one stock.
My index funds have done better than my individual stocks, proving that I am not a good stock picker.
One never knows, but the market always reverts to the mean.
Buffet has stated that a good index fund is the way to go for most investors.
Dollar cost averaging has worked well over a long time horizon.
Nice call J!
TAXI----Shares of Medallion Financial are nearly 4% higher on Monday after the taxicab financing company reported stronger Q2 revenue and earnings. The company also announced an increase to its quarterly dividend and raised its stock repurchase program.
Clrodrick, I got ( almost) out of RSO last year also.
Slowly adding more shares on dips.
I agree with your assessment,and the dividend looks safe for the year.
The Cohen brothers are crafty and should be held accountable.
I also would like to hear from Wayne. I think he still owns some.
May 9, 2013--- 11.00----- was the last time FSC was @ $11.
The PPS does not worry me, unless I'm selling. Just looking at FSC for long term dividends.
I agree Kel.
There is a lot of predatory lending.Pay Day loans, rent to own ,and "no credit -- no problem" lenders.
Don't know how these lenders sleep at night, making $$$ off the working poor.
End of the 2ND QTR.
Monday the 30th, is the last trading day for the quarter.
June was a good month....up7.5% YTD for me.
I feel lucky considering my "gambling" trades did not pan out.(Down at least $10-12K)
How did everyone do?
30 million= top ten %.
In some polls net worth is figured by counting all assets,but not including the home.
For many people their home is the biggest asset.
Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend.
PSEC will weather the storm. Think long term and get a nice divy.
I think there are a lot more millionaires in our country.
If there are 300 million people in the USA, 30 million would put you in the top ten. IMO