Find out: Why you Should Fire Your Broker or Financial Advisor 
One cannot completely rely on their broker or financial advisor to help you make money. He or she may be too self-interested to take the extra time and effort to help you make the most money as possible. It’s not even necessary because of the fees they get from getting you to buy a mutual fund. To ensure that you are getting the services that you are paying him/her for, educate yourself about investing and read this article to find out if your broker/advisor is doing his job adequately.
@2 years ago
#finance #financial advisor #investing #broker #market #business
What is Market Efficiency?
The more efficient the market is, the less predictable it is. Meaning, it’s completely random. Find out what market efficiency is and how investors manipulate the efficiency of the market by assuming that it’s inefficient (predictable). Take note that news and research about the market are not the only factors used in investing. Political, economic, and social factors also play a part in investment strategies.
@2 years ago with 1 note
#market efficiency #market #finance #business #stocks
“Stocks in the United States fell sharply Tuesday, following a broad sell-off in Europe and Asia that was fueled by concerns over the pace of growth in the global economy.
Stocks in Shanghai set off the decline after the Conference Board, a private research group, said it had recalculated its leading economic index for China to show a 0.3 percent gain in April, down from the 1.7 percent gain it reported two weeks ago.
Trade in European markets followed and turned lower, and then the contagion of declines spread to the United States, where the Dow dipped below the 10,000 level soon after the opening bell.
In afternoon trading, the Euro Stoxx 50 index of euro-zone blue chips fell 2.9 percent, while the FTSE 100 index in London fell 2.2 percent.
“It’s a continuation of what we’ve been seeing for months,” Gary Baker, an equity strategist at Banc of America Securities-Merrill Lynch in London, said. “There’s re-evaluation of global growth prospects going on. Will 2011 turn out weaker than 2010?”
In afternoon trading in the United States, the Dow was down 220.75 points, or 2.18 percent, at 9,917.77. The Standard & Poor’s 500-stock index was down 27.26 points, or 2.54 percent, at 1,047.31, and the Nasdaq composite index fell 68.54 points, or 3.09 percent, to 2,152.11.
Quincy Krosby, a chief market strategist for Prudential Financial, portrayed a series of events that led to the chain reaction of sell-offs. There were concerns over growth in China; higher unemployment figures in Japan; worries over banks in Europe; and strikes in Greece and Spain.
Take note:
“I think it all goes back to this deflation trend that seems to be taking place,” said Tom di Galoma, the United States head of fixed-income rates trading at Guggenheim Partners. “The Fed is on hold and you are starting to see investors panic on interest rates, thinking they don’t have enough bonds in their portfolio.”
Chinese investors were also awaiting an initial public offering from Agricultural Bank of China that is expected to raise about $23 billion, a market splash some feared would draw money from other issues as fund managers rebalance their portfolios to include the new entrant.
The dollar gained against major European currencies, with the euro falling to $1.2190 from $1.2277 late Monday, and the British pound falling to $1.5022 from $1.5104.
But the United States currency declined against its Japanese counterpart, dropping to 88.75 yen from 89.37 yen — its lowest level since early March.
Crude oil futures for August delivery fell $1.40 to $76.85 a barrel. Comex gold fell $2.10 to $1,236.50 an ounce.
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For whole article: http://www.nytimes.com/2010/06/30/business/30markets.html?hp
@2 years ago
#market #finance #stocks
