Moneywise24 Personal Finance

Being unemployed is anything but fun; especially people who are being laid off, for whatever reason, tend to feel pretty useless in the beginning. Firstly, it can be very frustrating to realize that you are not managing your day efficiently and useful. Depending on the country you live in and the savings you have, financial problems might soon play an important role. Finally, unemployed people are often considered to be somewhat detached from society, and the many prejudices from employers and society in general can make you feel much like an outcast. Read the rest of this entry →

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I have to admit I made a big mistake over the past few months. Actually, it is warned about in books, blogs, and websites, and still I did it. Call it a combination of laziness and wishful thinking.

My investment style

I invest a lot with options (in addition to other types of investments), and although I know it is a risky business, I find that options provide a great opportunity to use the leverage in both directions. I tend to take mid-term to long-term positions, aiming at selling them on the short-term or mid-term. I usually buy call options, using put options only to hedge an already existing portfolio. Read the rest of this entry →

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In all the emotion and uncertainty of today’s turbulent markets, we tend to lose sight of the big picture. Well, at least I do. The human mind has the unrivaled ability to forget, or to distort memories and experience, or to think things are alright whereas they are not, or to think things are going down the drain whereas they won’t…

I bumped into a website today, which provides exactly that: the big picture. Which crises did we have in the past, how did the major exchanges develop during the past 100 years, and where do we stand today in comparison to past major bear markets?

Since I am not in favor of simply copying material, below are the links in question:

• S&P 500 Index: Current Market Snapshot (Daily closes from 10/9/2007 – Present)
• S&P Composite: 1871 – Present (Inflation-Adjusted Secular Highs and Lows)
• The “Real” (Inflation-Adjusted) Mega-Bears

Since I am not the hardcore-type of international investments expert, I want to spare any additional comments on these charts about possible future developments. But there are some amazing similarities…

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