Anyone who’s been reading my blog knows that I’ve recently started a new full time job. I now work as an inpatient night-shift staff pharmacist at the Carl T. Hayden, Veterans Affairs Medical Center, here in Phoenix, Arizona. It’s a great opportunity for me and I consider it a privilege to work here. Since I [...]
Category Archives: Market Sectors
M&F Bancorp, Inc.
My contrarian investment strategy hasn’t been working out too well for me lately. It’s discouraging, but along with some mind-numbing patience, contrarian investing requires acceptance of a certain amount of risk, and faith that the markets will eventually turn around. So, I’m sticking with the long-term aspects of this strategy. I post all of my [...]
Where To Invest Now
Where’s the best place to invest now to get the best bang for your buck? Nope, I’m not talking about stocks or bonds, or even real estate. I’m talking buying something now at a 70-80% discount and realizing an immediate return, without having wait for things to turn around in the markets. No, I’m not [...]
Stimulus Lifts The Markets
The stock markets ended this week with big gains, likely brought about by news that newly appointed Treasury Secretary, Timothy Geithner is going to announce his stimulus plans for the banking sector on Monday. According to an excerpt from a MarketWatch.com post today: Geithner “will explain how the financial stability plan will be critical in [...]
Ultra Financials ProShares
Just bought 1000 shares of Ultra Financials ProShares UYG at $3.40/share, for a short to mid-term trade. This ETF seeks daily investment results, before fees and expenses, which correspond to twice the daily performance of the Dow Jones U.S. Financials index. The fund normally invests 80% of assets in financial instruments with economic characteristics that [...]
Cleaning Up The Toxic Assets
Wow, another week in the green! Although investors reacted negatively to President Obama’s “cautious optimism” speech earlier in the week, Ben Bernanke’s speech concerning the financial crisis at Morehouse College seems to have allayed investors fears about the state of our financial system. I find it amusingly ironic that Mr. Bernanke chose to speak about [...]