Important Reads – Jan 21, 2010

21 January 2010 5 views 2 Comments

Great article on Seeking Alpha about doing the opposite of Money Magazine tells you to do – especially when it comes to gold (Seeking Alpha)

Russia diversifying into Canadian dollars (Financial Times)

Today’s jobless numbers unexpectedly increased (Yahoo!)

China’s latest killer GDP number (Bloomberg) – While I do believe China is still humming, I don’t put that much credibility into their numbers. Believe what you want when it comes to Chinese government numbers.

I like to monitor the transition from traditional media to the web and other 21st century means – check out this article on Conde Nast’s distributing magazines through iTunes – very interesting stuff and probably the start of a trend. (All Things Digital)

15252 CommentsImportant+Reads+-+Jan+21%2C+20102010-01-21+23%3A11%3A40Kevinhttp%3A%2F%2F20smoney.com%2F%3Fp%3D1525 »

TBONE said:

A little shocked you didn't include anything about the Supreme Court decision for unlimited corporate campaigning. I think this is a game changer for the country with huge ramifications on Oil and Gas companies.

Article from NYTimes – http://www.nytimes.com/2010/01/22/us/politics/22d…

# 22 January 2010 at 5:17 pm

20smoney (author) said:

Yeah, definitely left that out unintentionally.. I have mixed feelings on the issue. I think that the McCain / Feingold legislation was sort of unconstitutional on the free speech issue, but I hate that our political system is driven by campaign donations and special interests. Not sure what the best solution is here. Maybe ban all contributions?

# 22 January 2010 at 8:12 pm

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Thesis On The Economy

My view is that the American economy has major structural issues that will prevent it from legitimate real growth in the years ahead. Because of structural problems, politicians will react with political responses which will only do more harm and lead to inflation. Government cannot and will not fix the economic issues that are structural in nature. Only a liquidation of bad investment and market-based allocation of capital and resources into productive areas of the economy can get the economy growing again and thus lead to real job creation.

Thesis On Investing

Stock markets are unlikely to generate the return going forward that most investors expect. Buying and holding the broad market is not a wise strategy considering real economic growth over the next 30 years will likely look very different than the previous 30 years. I believe in stock picking and an emphasis on Dividend Stocks. I also believe the markets are manipulated to a certain degree via Wall Street schemes like high frequency trading and Federal Reserve easy monetary policy. It's important to factor in currency devaluation when determining real rate of return in stocks. I disagree with most mainstream financial planning advice in that you should passively invest in the broad market - this form of investing seeks to benefit Wall Street not you.

Thesis On Income

A tough economic environment means it is difficult for the masses looking to do nothing more than be an employee. To prosper in this environment you have to be creative, innovative and willing to compete and work harder than your neighbor. I believe we're increasingly moving towards a time where more people work multiple jobs and make a living in a number of different ways - increasingly moving away from the era where a man works for a single company for an entire career. I believe in working hard to generate multiple streams of income and often discuss ways to make money online to achieve financial freedom. I document on this blog the income I make with various websites and online businesses.

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