Archive for January, 2009

JP Morgan doubts Madoff results but forgets to tell clients

January 30, 2009 Leave a comment

Customer service just isn’t what it used to be.  Essentially JP Morgan created a new investment vehicle which allowed clients to invest indirectly with Bernie Madoff.  In order to do this, JP Morgan had to invest $250 million of their own with Madoff.  Early last Fall, JP Morgan grew suspect of Mr. Madoff’s practices and pulled all it’s money from his care, however they forgot to tell their clients which lost millions.  How do I open an account with these guys?  Click here to read the article.

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This is Brilliant!

January 29, 2009 Leave a comment

What do you do with your money in the middle of the worst recession of the last 75 years?

A.  Pay off your credit card debt

B.  Invest in a portfolio of strictly Blue Chip stocks

C.  Load up on Gold Assets

D.  Drop $10k on an unpaid internship for Junior

The Wall Street Journal is reporting that many parents are choosing option D.  Most of the money is going to firms that were started in the last 5 years.  I think the entrepreneurs who started these firms are absolutely genius.  What a great idea;  I’m sure it required very little capital to start and parents today are willing to do more than ever to give their kids an upper hand.  I only wish I had thought of it first.  Click here to read the article.

The World is not Coming to an End!

January 27, 2009 1 comment

Just when CNN and Fox News have me freaked out enough I’m considering building up a weapons cache and moving to a private compound in North Dakota along comes Dennis Gartman of The Gartman Letter, He is one of the smartest guys out there and this interview with him helps puts things back in perspective. My faith has been renewed. Click here to read the article.

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