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Mike's Monthly Economic Outlook Webcast
November 19, 2009 -
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Learn about geopolitical events and their impact on world’s economies in this monthly webcast hosted by Mike Lathigee.
The Secret Formula for Selling Snake Oil
July 27, 2009 -
The Secret Formula for Selling Snake Oil
Written by Lathigee, Mike
The Secret Formula for Selling Snake Oil
Over the past several weeks I’ve talked about investor behavior and how fear, greed and desperation can cause normally prudent people to make rash and unforgiving financial choices.
In these harsh times, many people are seeking relief from the painful stresses they are enduring and this makes them particularly susceptible to false promises. That is why this week I wanted to describe a widely used formula that is used to manipulate behavior – to convince vulnerable people to do things they ordinarily would not do.
This formula is used in the entertainment industry. It is used in the advertising trade. It’s used by mothers trying to get their children to cooperate. And it is used by con artists to rip you off. It is just a formula.
Mike's Weekly Investor Guidance
July 6, 2009 -
Trading the Wicked OTC Looks Easy - it isn't!
Written by Lathigee, Mike
With all the commotion in the stock market, many people are feeling a more desperate than ever. While our emotions are complex, with regard to what we are seeing, I want to lump most of those emotions into two categories: Fear and Greed.
As you know, fear and greed drive the stock market. I know I’ve talked about this before but it never hurts to keep this in mind as we watch the volatility do its damage. Fear of loss and greed to recoup those losses pretty much run the show.
As people seek ways to recoup their losses, many fall victim to get-rich quick schemes. The OTC or Penny Stocks attract many new investors, because the stocks are so cheap and people think they can’t lose much. Think again. The OTC is full of traps for the unwary.
Mike's Weekly Investor Guidance
June 18, 2009 -
Common Sense in Today’s Markets
Written by Lathigee, Mike
So far I’ve written five articles that cover some basics that underlay my investing philosophy. If you haven’t had a chance to review those articles, I suggest you do that as soon as you can. The topics I’ve discussed so far include:
Proper Diversification: What It Is and What It Is Not. Proper Diversification is at the core of my investing philosophy, yet this strategy has mutated over the decades and is practiced today to benefit financial institutions more than investors. This article describes this mutation and revisits the original concept of diversification as practiced by Warren Buffet.
What is Your Investing Behavior? As a culture we’ve been trained to spend and invest in ways that do not support a sustainable financial future. This article provides an overview of some of these practices and how to recognize them in your own investing behavior.
Most Investors Have Unrealistic Expectations. Historically most people investing today have never seen a market that wasn’t going up. As a result, the current Bear Market brings up a lot of fear and uncertainty and many people are clinging to “Wishful Investing.” This article addresses some of these understandable fears and outmoded beliefs and provides guidance on how to disarm their power over our financial decisions.
Common Myth: You Can Trust Your Bank. Most people have been trained to rely on banks as the best source of financial information and as a one-stop-shop for financial products. This article is a heads-up on how the sale of these products benefits banks more than you.
Resetting Your Financial Goals. This article is a short reality check on where you are with regard to your current financial expectations and your plan to reach those goals. In the midst of the huge changes most of us are facing, I’ve provided some ideas to help you rethink and redefine those goals so you can still build a satisfying financial future for yourself and your loved ones.
Mike's Weekly Investor Guidance
June 18, 2009 -
Resetting Your Financial Goals
Written by Lathigee, Mike
In these troubling times it is important to review your current financial goals and adjust them to meet realistic expectations.
- Those of you nearing retirement age are likely to find yourselves working for a few more years.
- If you are still raising a family you may need to adjust your expectations about how you can meet their needs for education.
- As jobs disappear you may find yourself reinventing your career or starting a new business.
- Those just entering the workplace can expect a lower standard of living that the previous generation.
- And everyone must do their best to maintain good health as medical care becomes more expensive.
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