MarketWatch’s Chuck Jaffe talks about New Year’s resolutions and why net worth is more important than investment returns.
12/24/2008
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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December 26th, 2008 at 4:58 pm
“Focus on your net worth; pay down your debt and save more.”
Yes, such common sense advice is always good; it seems obvious, but perhaps not so for everyone.