Search This Blog


Search Tool

Jan 12, 2010

MarketWatch: Personal Finance Stories January 12, 2010

Personal Finance Daily
JANUARY 12, 2010

Tuesday's Personal Finance stories

By MarketWatch

Don't miss these top stories:

It's pretty easy to chide Americans for not saving enough. Even though the savings rate has been going up of late, far too many of us are running way behind on what we need to have set aside for retirement, let alone putting anything away for other needs.

Of course, it's hard to save when there isn't much left over after rent and food and other necessities. That's especially true for younger families with children who face a competing array of saving and spending needs and often have limited knowledge about just how to make those saving and spending plans work in the first place.

The trouble is that when it comes to saving, especially saving for retirement, the earlier you get started the better off you are due to the impact of compounding. The key for any savers, but especially younger ones, is to just get in the habit of putting something aside, even if it's only $20 a week, and build up as you can.

Yes, at 25 that may seem hard or even pointless. But at 65 you'll be reaping the rewards instead of weeping at your meager nest egg.

-- Steve Kerch, assistant managing editor/personal finance


Malkiel's best investing ideas of families

Going to a movie and buying popcorn is a luxury for many mom and dads after their new baby arrives. No worries. Pop your own popcorn and cozy up with a Netflix pick, recommended investing expert Burton Malkiel, author of the classic "A Random Walk Down Wall Street ."
See Diary of a Recession Baby.

Got savings bonds? Could be time to cash them in

Given that we're living through one of the worst financial downturns in generations, you'd think people would make the most of any extra cash they've got stashed. Not so. About $16.7 billion in matured, unredeemed savings bonds is sitting in savers' shoeboxes, desk drawers and safe-deposit boxes.
See Andrea Coombes' Ways & Means.


Mapping the road to recovery at the Detroit Auto Show

Carmakers seem to think the road to recovery will be filled with small, fuel-efficient cars. They abound at the Detroit Auto Show, says MarketWatch auto columnist Ron Amadon.
 Listen to Radio Report.

First look at the Ford Mustang GT 2011

Dave Pericak, engineer for Ford Motor Co., previews the five-liter Ford Mustang GT 2011 at the North American International Auto Show in Detroit. Lee Hawkins reports.
 Watch Video Report.


Dow 15,000 by 2011? Don't bet too quickly

Before you start gambling in the Wall Street casino again, please listen to Gary Shilling. For more than three decades he's been rated one of America's top economic forecasters by Institutional Investor, Futures, The Wall Street Journal and others. Shilling's been a regular Forbes columnist since 1983, respected for his contrarian views, usually on target. So let's cut-to-the-chase: Here are his latest: 17 Picks = 6 Buys + 11 Sells.
See Paul B. Farrell.

Here are three high-quality stocks at 30% off

Paul Larson, editor of the Morningstar Stock Investor newsletter, says that high-quality investments will never go out of style if they can be purchased at reasonable prices.
See Chuck Jaffe.

As in years past, small-caps are leading the market

Like swallows returning every year at the same time, stock market legend has it that small cap stocks at the beginning of January regularly outperform the rest of the stock market. Unlike most investing legends, however, this one is actually based on solid historical data.
See Mark Hulbert.

Don't fall for these stock scams

Tempted to buy into stocks being touted as the "next big thing?" Save your money. It's probably a scam, according to a recent alert by the Financial Industry Regulatory Authority.
See Consumer Watch.

Watch out for falling BRICs

In a decade, BRIC has been transformed from a marketing term to an investment craze to a political bloc.
See Investing.


Starwood hotels are hiring

The company behind the W, Sheraton and Westin hotel chains is planning to add more than 12,000 new jobs to its global workforce this year. Starwood Hotels says about half of the jobs will be located in the United States, from New York to California. John Wordock and Ann Cates have the details.
 Listen to Radio Report.

Small businesses shedding jobs, cutting inventories amid weak sales

U.S. small businesses are still shedding jobs and cutting inventories amid weak sales and low expectations, the National Federation of Independent Businesses reported Tuesday.
See Economic Report.

U.S. economy still hemorrhaging jobs despite stimulus

Notwithstanding all the money Washington has poured into the United States economy over the past year, few, if any, new jobs have been created.
See Irwin Kellner.

How steady is your paycheck?

If you aren't among the unhappy 10%, as measured by Friday's unemployment report, you are probably mighty grateful -- though somewhat less certain about your job security. Those two emotions could have big investment implications.
See Jonathan Clements.


Nurse outduels IRS over MBA tuition

A Maryland nurse accomplished two rare feats in her battle with the Internal Revenue Service: She defended herself against the agency's lawyers and won, and she got a ruling that could help tens of thousands of students deduct the cost of an M.B.A. degree on their taxes.
See Tax Watch.

Democrats weigh new tax on investment income

House and Senate negotiators are considering applying for the first time the Medicare payroll tax to investment income as part of a compromise to pay for a health overhaul.
See Tax Watch.

Get the latest news on our mobile site:

From the Desk of Nick Nicolaas

From the Desk of Nick Nicolaas (FDNN)
Alert #65

January 12, 2010
About Gold
Does it Need a Rest #2?

Martin Armstrong's Economic Confidence Model
‘June 13, 2011 Turnaround Date'

Dear Friends:

On December 1, 2010 in my FDNN ‘#64 Alert' I wrote “Does Gold Need a Rest?” and at that time I referred to my Nov 16, 2009 FDNN Alert #62 in which I had written: “The market is rallying but needs to correct and it will any day, probably very soon. We expected it to correct much sooner but it only corrected a little, it may only correct a little again (hard to predict). The coming correction will also hit the Metals and gold as well (to the $900s perhaps) although it may hit $1,200 or so beforehand. I am short the S&P right now but after it corrects we will probably have a Santa Clause rally going into mid December.”
On November 16 the S&P was flirting with 1100 and Gold was at a record $1,139.20. The S&P then moved sideways for a while and in mid December it started a somewhat anaemic Santa Clause rally. Gold did peak at $1,226.40 and then retrenched as low as $1,075 from where it then rallied again to $1,137.40 last Friday (Interesting to note that that this Friday close (January 8, 2009) is nearly the same gold price as on November 16, 2009), in other words “sideways”.
Today, the Market Vectors Gold Miners (GDX) Metals Shares Index is indecisive and we still feel that we still may see a correction. In the words of our Swiss (actually Irish) friend Ian Woods:
“I think that gold bullion is going to surprise a few folk who ARE stubborn bulls by going lower...yes it SHOULD recover and head much higher thereafter; so higher in 2010 is doable, but the next three months might see a different picture...
Could retrace here to just above 1200, but then ???? We think it goes back to 1000 and possibly lower.
Gold stocks moving higher at the moment anticipating the higher price LATER in the year...(remember the none month rule of thumb...the bullion and stocks are different animals)
See Aurizon and Kinross as going higher so ALSO Novagold..
One thing is for sure....we are probably going to experience lots of turbulence and volatility, so fasten the seat belts may be good advice, and buy on weakness.
Actually bulls should be happy to add to positions in the dip. Everyone loves to go to the the stockmarket appears to want to schedule a sale, so one should take advantage of the bargains!”
Rolf Nef, a friend from Kilchberg in Switzerland ( has done an excellent analysis titled “(When) Is the Gold Bull Market Really Finished?” which you can access here
As you all know FDNN has been trying to analyze what the next Martin Armstrong's ‘Economic Confidence Model' Turnaround Date which is June 13, 2011 will bring. Rolf Nef may have the answer in his analysis when he says that the dollarbottom/gold-silver top may very well be June 13, 2011.
It is my view that he may be correct about the “dollarbottom/gold-silver top” but I also believe that it probably will be an INTERIM dollarbottom/gold-silver top for a couple of years and then up again.
Of course, there is no certainty as to what may happen and as the June 13, 2011 Date comes nearer FDNN may yet stand and to be corrected. In any event, June 13, 2011 certainly is a very good date to focus on and collectively we will try and figure out what that Date may bring!
I will say this again, when/if gold and the metals do retract (perhaps violently), it may only be short lived however, that will present another tremendous buying opportunity especially when all the talking heads and news paper articles start saying “it's all over for gold and the metals”. Yes, gold, silver, platinum and all of the metals then be a “screaming buying opportunity”.
In any event, “for the long-term you've got to be in the Hard Assets - - - to protect your wealth!!
If the markets do correct then use your cash reserve and - - - buy with a vengeance!
As always - - Stay Tuned!!


Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
Skype: nicknicolaas

MiningInteractive Videos

Stay tuned for the most recent updates on leading junior exploration companies through the MiningInteractive Video & Radio Interviews.
Nick L. Nicolaas
(604) 657-4058
OR Tom Corcoran

FORBES . com : Investing Newsletter January 12, 2010

Richard Moroney, Dow Theory Forecasts
Despite the prolonged rally, you can still find undervalued stocks. Check out these four.

Hitting New Highs With Steel, Oil And Search
Ken Kam, Marketocracy
Here are four stock ideas from a patent attorney whose portfolio has shaken off the bear market and moved on to new peaks. Cinematic Longs And Shorts
Matt Cavallaro, BetterTrades
Stocks of companies tied to movies have been strong performers, but hold out for a better price before you buy.
UPS Is One Attractive Package
Paul Rubillo and Tom Reese
The package delivery and logistics outfit is a buy, but Schnitzer doesn't quite make the cut.
The Future Of Green Technology Investing
Stephanie Powers
Amid the credit crunch, investing in sustainable energy and resource is on the rise

Gold, Silver, Platinum…W.T.F.?

 Brad Stafford here in place of Adam Hewison and I have a great new video for you. I’m sure many of you read that title and your mind went in the gutter, but today I’m going to show you a whole new meaning for this acronym and how it applies to gold, silver, and platinum.

These three markets have a lot of volume, government implications, and technicals lining up for potentially great trades :

1.-Gold makes a record high, then pulls back.

2.- Silver is inching towards an all-time high level and,

3.-Platinum is making people rethink their decision .

 4.- Where do you stand in these markets and maybe more importantly, where should you stand?

  Click in the link beloww to find out what W.T.F. really stands for and what does to do with gold, silver and

   You have to watch this video and make the decision that best fits your investment strategy.


Mining Interactive: Mawson Preparing to Supply Uranium Resources in Europe for a Long-term Energy Future


Henk Krasenberg, analyst and founder of the European Gold Centre has posted a Mining in Europe publication report on Mawson Resources entitled:

Henk Krasenberg:
“As a first mover in the region, Mawson Resources is at the forefront to provide the highest per capita users of uranium in the world with a viable energy option for future uranium supply.”

Stay Closely Tuned!!!


Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"

Mawson Resources holds significant uranium resources in the nuclear energy reliant countries of Spain, Sweden and Finland.
As the European Union reduces its reliance on carbon-based energy sources, Mawson is well placed as the Company develops its exploration portfolio towards the sustainable production of uranium in the shortest possible time frame.

Spain, Don Benito Mine in 1982
MiningInteractive Videos

Stay tuned for the most recent updates on Mawson Resources and other leading mining companies through the MiningInteractive Video Interviews.
Nick L. Nicolaas
(604) 657-4058
OR Tom Corcoran
(604) 569-0800