Investing on MikeRoberto.com
How to Buy and Own Gold – The Layman’s Guide to Escaping the Dollar
For nearly 40 years, the government and Federal Reserve has been destroying the value of your money. If you’re like me, you don’t support any bailout plans which effectively give money to criminals at the expense of a worse dollar and higher cost-of-living.
This post is not meant to discuss those issues – it’s here to discuss one solution for your personal savings – how to hedge on some gold (and silver) to preserve personal … Read the rest →
Fed Cuts Interest Rate to 0% In Emergency Effort
August 5, 2008 — The Federal Reserve cut the benchmark interest rate by 1.5% to a new target lending rate of 0% yesterday, the Federal Open Market Committee said in a statement in Washington. It’s the largest reduction since the Fed began using the rate as primary tool of fiscal policy around 1990.
“Broader financial market conditions have continued to deteriorate and credit has tightened further for some businesses and households,” the Fed said in … Read the rest →
Good Riddance Smart Money Magazine – A Smart Money Review
Dear Smart Money Magazine Editors,
For three years, I’ve been a loyal subscriber and reader of Smart Money Magazine. It was always a well-written magazine with solid advice. The articles and stock picks were often winners, and the writers always gave compelling arguments and entertaining insight.
However, over these years, I’ve come to watch your magazine turn into a pile of non-technical financial fluff with egregious amounts of cardboard inserts, advertisement-fueled centerfolds, and consumer-driven spending … Read the rest →
Starbucks Investors Enroll in Business 101
Higher prices means greater profit but less customers. You don’t say!
Starbucks can say goodbye to the casual shopper. Joe Sixpack is in debt up to his eyeballs and can’t afford the mortgage, let alone a $5 latte. I think it’s safe to say he’ll be switching to Folgers in his cup this year.
I haven’t liked SBUX for years. See you in the mid-teens by mid-2008, Folgers is in aisle 5.… Read the rest →