Baldies' Blog began originally in the UK by a 26 year old journalist with a blood cancer on a mission to inform the world about bone marrow donation.

He has since died, and I took on the cause of making cancer care more transparent for everybody.

Cancer is a disease that will touch everybody through diagnosis or affiliation: 1 in 2 men will be diagnosed and 1 in 3 woman will hear those words, "You Have Cancer."

I invite you to read how I feel along my journey and
how I am continuing to live a full life alongside my Hodgkin's lymphoma, with me controlling my cancer, not my cancer controlling me.

I hope that "Baldies' Blog" will prepare you to handle whatever life sends you, but especially if it's the message, "You Have Cancer."

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Wednesday, October 8, 2008

A Big Financial Mess

The American financial system has reached a tipping point equivalent to the electronic version of the depression when runs started on banks for paper, coins, gold, etc. Scary thought, and some saw it coming. It was whispered about for years.
I’ll let you in on a little secret. Besides being a dorky science nerd and a tech geek, I can’t stay away from financials. The lifestyle fascinates me. If you’re one of the people who contributed two the two trillion dollars lost in retirement accounts, here are my picks in this market.
What’s your best bet now that the stock market is in for rough waters? It depends on how old you are Johnson & Johnson, General Electric, goldman sachs. Tried and true brands. Gold, buy now, sell prior to hitting $2000/ounce to be safe, I would even go 10-20 dollars cheaper.
Plan on holding for about 5-10 years, Don’t get in the market right now if you don’t have that time.
InBev, Belgian beer company. It owns almost all the beer in the world. IT owns the latin American market and our tried and true “all-American” brand Anheusur-Bush. Yes, someone foreign is even profiting off our beer now, but in good times and in bad, people will be drinking beer.
E*Trade, this was the worst performing stock on the S&P last year, but it’s still alive. This is a very risky investment and should only be considered by the under 35 set. This is where I hold my empty brokerage account and a high yield savings account. They lured me with enticing offers of a free blackberry and those damn catchy commercials with the baby. They also have no fee accounts.
My generation, whoever we are, love having the world at a touch of a button. They’re making it happen. Discount brokerage firms will be the next big thing. Chuck Schwab is in the running. Regular excessive brokers with their millions off investing your money will fall away as a side effect of the melt down of wall street.
I also made my will on Lawyers are going to by the wayside too. Anything that represents excess and greed will not be popular in the future, for I’d say at least twenty – forty years. We’ve been consumed by our sins. These lessons are worth hanging around for at least one generation.
If you don’t like these suggestions, here’s some good advice:

If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have had $16.50 left of the original $1000.00..

With WorldCom, you would have had less than $5.00 left.

If you had purchased $1000 of Delta Air Lines stock you would have $49.00 left.

But, if you had purchased $1,000.00 worth of beer/wine one year ago, drank all the beer/wine, then turned in the cans/bottles for the aluminium recycling REFUND, you would have had $214.00.

Based on the above, the best current investment advice is to Drink heavily and recycle.

Let people you care about know...
and tell them to Start Now!!!

1 comment:

Alissa said...

Hillary, you are an inspiration. Thank you for making me laugh until I cried. I hope someday to repay that joy. Alissa