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240 Reads
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August 23, 2010
Of Note:... is ending a 30-year run as one of the industry's most successful hedge-fund managers.- former top lieutenant and investment strategist to famed investor George Soros—runs Duquesne Capital Management.Duquesne's current $12 billion in assets will be returned to its roughly 100 outside clients this year and next...................................Are we to anticipate an...
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886 Reads
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August 22, 2010
Of Note:One of many reasons why we buy gold stocks.___________________________________________________________________________________________Barrick’s Munk to triple Soviet-Era port’s capacity as resortThe marina at Porto Montenegro.Bloomberg · Thursday, Aug. 19, 2010Peter Munk, the chairman of gold producer Barrick Gold Corp., wants to triple the number of berths at a former...
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167 Reads
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2 Comments
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August 22, 2010
Of Note:The conflict on the outlook for the equity markets through 2010.The “Sell in May and Go Away” crowd is sitting on cash and waiting for an October low before getting re-invested. Also known as the Halloween Indicator, the strategy is based on the belief that the period from November through April will generate better returns on average than all other months......This is a mid...
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1530 Reads
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August 21, 2010
Real Estate___________Of Note:The Bisha lifestyle.Charles Khabouth is building a $150-million hotel and condominium named Bisha. “We want to be able to have the hip factor of a boutique hotel, but with the attention to detail of a Four Seasons,” says Khabouth.“We want to create a hotel brand from scratch,” says Pearl. “This hasn’t been done in Toronto since Issy Sharp built the Four...
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794 Reads
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8 Comments
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August 18, 2010
Of Note:Gold fever is gripping Yukon for the first time in more than a century following a discovery by a penniless and persistent prospector that was determined to find the source of the original Klondike deposits.Now, after many years of digging, his work has spurred a claim-staking rush and a multimillion-dollar takeover.More deals are expected as junior firms flock to the area around Mr...
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255 Reads
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August 13, 2010
Of Note:The new rules are a “game changer,”The FHA, created in 1934 to make home ownership attainable for low - to moderate-income Americans, is now providing a lifeline to new Manhattan luxury condominiums after sales stalled.The FHA guarantees that if a home buyer defaults on his mortgage, the agency will pay it.About 1,900 apartments in New York’s most expensive neighborhoods would...
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455 Reads
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6 Comments
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August 8, 2010
For people 65 and older. If they earn dividends, they can lose their old age security and other means-tested government benefits.The problem arises from the convoluted way in which the tax break on dividend income is calculated.“The dividend gross-up.”The gross-up is 45 per cent for 2009.Because of the gross-up, your dividend income can bump you into a higher tax bracket. And your...
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575 Reads
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5 Comments
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August 5, 2010
July 2010 ResultsI experienced low volume trading on my picks in July.I'm still concentrating on sub 20 cent stocks with a sweet spot of under 10 cent stocks.I eeked by with 55 trades for the month whereas I usually trade above 100 trades a month.I still ended the month with $4,075.00 Gross Sales -- ($3,692.75 Net Sales).Trades picked up in the last two weeks of July for me. This tells me that...