Category Archives: Financial
**READ THE UPDATE TO THIS POST BELOW.
This was my latest stock pick. The company’s called Satyam Computer Services Ltd. It was trading at a good $12 or more all year and up until recently (actually it was even higher between $20-30 all year until the recent melt down). However, it wasn’t moving down until literally a day or so ago when they announced they were going to take over a couple other companies (that the management had family ties to). It then dropped to less than half to about $5 or a bit more. Continue reading
Earlier last month, I recommended highlythat everyone buy a stock that was at a $1 at the time ($1.02 to be specific). Genworth Financial (GNW) was hammered down from the $30 range down to less than a dollar and looked VERY risky at the time. I was SOOOOO sure of it at the time that I bought. However, it fluctuated so much that I shook in my own boots. I jumped in and out of it and ended up losing money actually. However, if I would of just bought and stayed in it for less than a month, I would of increased my portfolio 236%!!!
Why didn’t I just sit on it? I probably would of sold thinking it had maxed out a day or two ago, but I would of at least doubled my money at least. Why can’t I listen to my own advice? Continue reading
Free flights, Free housing and Easy work conditions?
Sounds like an advertisement from a con artist, doesn’t it? However, most of it’s true and tens of thousands of Americans, Canadians, Australians and other native English speaking citizens can give you living proof that it’s a fact. Not only are many doing it every day, but many are also saving, paying off student loans and literally building more financial wealth than they could back home. Moreover, the friendships made, the contacts added to one’s rolodex and the overall experience has given many justification in coming back (and in many cases making a career of it). Continue reading
First of all, I have to warn anyone reading this that I don’t recommend you go out and try this. Rather, just because I think it’s a good idea, I am writing this just for my own records and also just putting my thoughts out there.
Like I said in the previous post about the focus changing a bit on the blog these days, I’m writing today about a relatively risky bet I made today in the stock market. I decided to use most of my funds to buy a stock that’s been beaten down to less than a dollar in the stock market. Typically, you would think that there’s solid reason why the stock’s been beaten down, but when I look at all the financials and the history behind the company along with their cash position and honestly how beaten down the stock has been, it’s basically incredible. Continue reading
Lately, I’ve been absent from writing. It’s probably not a big deal though because I don’t have a lot of regular readers — just a lot of random people landing here because of searches for “porcupine” or “Korean women.”
The former is a result from a picture of a dog with hundreds if not thousands of porcupine quills I posted a long time ago. It was just a picture that made you step back when you first saw it — thus, the post. The latter is because one day I wrote something about how Korean women are incredibly sexy in their dress (which is true, by the way). I decided to test search engine marketing patterns and just posted a few more posts to test if the increase in keyword density and pictures could increase the traffic. It did. Continue reading
A lot of short term minded people are shaking in their boots recently due to currency shocks and the Korean stock indexes dropping almost as fast as the Nikkei dropped & rose in the past few days. However, this little story may show why it’s hard to doubt the Koreans in business:
“…there was no shipbuilding industry in South Korea until the 1960s. When the country’s dictator, Park Chung-hee, summoned Chong [Hyundai’s founder] and told him to produce oil tankers, for which there was a sudden demand, Chong went straight to Greece and scooped up two contracts to build 260,000-tonne tankers, promising his customers delivery within two years, sooner than anyone else. He had neglected to mention that at that moment he lacked even a shipyard. He then waved the order in front of Barclays Bank, which lent him enough money to build a modern yard. No one in South Korea knew how to do that, so Chong dispatched 60 engineers to Scotland to learn. The ships were delivered before the deadline. This famous story, concedes Bruce Cumings of the University of Chicago in a refreshingly revisionist modern history, “Korea’s Place in the Sun”, may be apocryphal in its details, yet it has a strong whiff of truth about it.” Continue reading
We may not have to worry if the CERN Collider starting in August ends the world, but more realistically, this advice will be good for a comfortable retirement.
1. Cracking your nest egg before retirement.
2. Spending your retirement money way too early.
3. Having no clue about how much to save. Continue reading
Got this in my email box an hour ago. Guess they needed to follow up all the rumors of Plaxo being acquired by Comcast. Don’t you just love when the passion in keeping an online project turns into greed? Who am I kidding? We know that’s the objective of most Internet budding entrepreneurs. Am I being too cynical? I’m thinking Plaxo’s going downhill from here on out…it’s like when Time Warner gobbled up AOL. We know how that story turned out…
A Letter from Plaxo’s CEO and Founders:
Dear Plaxo member, Continue reading
Saw this recently despite the age of the article:
Takinga gamble on human capital
Firms invest in students’ potential
The pitch goes something like this: Imagine investing in business superstars when they are just starting out, the way people do with athletes or music celebrities. What if a scout had spotted Bill Gates when he was 18 and given him money for books and college tuition, in exchange for a cut of his later earnings? Continue reading
…but the entrance fee’s a bit expensive.
Noticed on my friend’s boyfriend’s site PhotoMatt.net (the top dawg of this website WordPress) that he talked about picking up the domain name http://ma.tt He was perplexed why the domain name was not secured. Regardless, he bought it… Continue reading
TrackBack URL: http://blogs.oreillynet.com/mt/mt-tb.cgi/1074 – originally on 06.15.06
Business 2.0 has an interesting article arguing that the future is in South Korea. There’s so much food for thought in this article that I had trouble deciding whether to make one long entry about it or a half dozen separate ones. (I’ve chosen the former.) Here’s the premise of the article: Continue reading
…at least here in Busan.
I went to get some cash out of my bank account from Shinhan bank today. It’s one of the better Korean banks with services or literature in English. After opening my bank account with Hana before the new regulations for foreigners which makes it a bit more difficult for foreigners to get cards like ATM cards for 6 months, I finally got a second bank account with Shinhan because I thought I could start to do some online banking with them. Well, to my misfortune, they set the regulations in place & I’m ticking away the time it takes to get my access to my account online & my ATM card. Continue reading