James Sackey

66 Added | 2 Magazines | 134 Likes | 3 Following | 5 Followers | @TheBoardWalkAve | Financial Expert www.boardwalkave.wordpress.com

Where to Put Your Money in the Next Year

With 2017 coming to a close, can investors expect another stellar year for stocks? Not so fast.<p>The Dow Jones Industrial Average surpassed 24000 points this year thanks to solid earnings, steady economic growth, subdued inflation and a careful Federal Reserve. Next year, market watchers say, tax …

Investing

3 Ways To Save On Clothing

In the spirit of all things thrifty, saving on your wardrobe is always a smart money decision. After all, you’re not likely some top model or …

Top 3 Places For Millennials To Invest For Retirement

<b>Looking Forward – The Long-Term Approach</b><p>I want to keep this article short and pleasant and in that spirit I won’t go into great detail and too many …

Forex Hedging Tactics – Protect Your Downside

Money management is the #1 reason retail traders tend to lose money over time. In fact, studies of millions of trades made by thousands of accounts …

The 5 Essential Habits For The Successful Investor

<b>The 5 Essential Habits For The Successful Investor</b><p>Over the years of my study and experience in managing and investing and trading money there have …

4 Things Every Service Industry Worker Needs To Do With Their Money

Cash is king – there is no doubt about that. People who work in the service industry are usually paid in cash and tips. Being paid in cash can be a …

Investing Principles – The 2 Characters

Let me begin by outlining what characteristics the smallest portion of you (10% at best) who want to pick individual stocks should have. There are …

Best Strategy For Millennials To Invest In The Stock Market

Investing in the stock market is a daunting idea for most people. With the amount of information out there on how to invest money, it’s no wonder. …

Top 4 Reasons Money Managers Come Up Short

It’s unspoken knowledge that the vast majority of money managers and financial advisors come up short on their client’s return expectations and …

3 Super Simple Ways To Save Money

There are so many blogs, articles, books, tools, and methods of saving money. It’s almost impossible to sift through them all on the tight schedules …

5 Steps To Better Managing Your Money – Infographic

Super basic, super effective steps to manage your money better (and the premise of My Book). Make them habit and you’ll retire with a healthy nest …

There's a big warning sign that the wheels of the US economy may be grinding to a halt

"Banks have been tightening standards for both commercial and industrial (C&I) and commercial real estate (CRE) loans over the past few quarters and the latest data from the Senior Loan Officer Opinion Survey shows the most severe tightening in lending standards for these types of loans so far in …

Markets

Wall Street is cutting its way to profitability

Wall Street pulled off a minor miracle of sorts last week, with most of the biggest banks matching or topping their earnings estimates.<p>For most …

Warren Buffett's right-hand man gave a dark warning about American finance

According to the Berkshire Hathaway vice chairman, we have "a vast gambling culture, and people have made it respectable."<p>Basically, the stock market is a casino, and too many people want to get rich quickly. He said:<p>There's way, way too much of that in America. And too much of the new wealth has …

Investing

A closely followed indicator says a 20% drop in stocks could be coming soon

To fully appreciate this risk, I prefer to look at margin debt relative to overall economic activity. When leveraged financial speculation becomes large relative to the economy, it's usually a sign investors have become far too greedy. As Warren Buffett would say, this is usually a good time to …

Stock Markets

Watch Out for the U.S. Recession Signal in Friday's GDP Report

On the face of it, the economic update that the government is releasing on Friday should be a big yawn. Economists expect the revised numbers to …

Oil

Brazil recession: 'I've never seen anything like this'

When Barbara Araujo and Allan Alves got married three years ago, they had big plans: open a business, buy a house and start a family.<p>But with Brazil plunging into its worst recession in over two decades -- hopes for a brighter future are fading. The Brazilian economy shrank 3.8% in 2015, according …

Brazil

A giant hedge fund asked Wall Streeters what worries them most, and this is what they said

Two Sigma, the $30 billion hedge fund that uses artificial intelligence and advanced technologies to find investment opportunities, asked a bunch of Wall Streeters what they're worried about. More than 120 contributors responded, estimating the probability of nine different "tail risks."<p>"Not …

Markets

The stock market is almost ready for a recession

Whether the economy is headed there or not, Deutsche Bank's chief US equity strategist David Bianco thinks the S&P 500 is basically ready.<p>"Although one could argue a recession is nearly fully priced at sub 1,850, modeling binary outcomes of 1,700 or 2,200 would suggest a recession is 65% priced," …

Stock Markets

Investor fears converge on bank stocks as sell-off spreads

Fearful investors have turned to the health of the global banking system as the latest fixation in a market frenzy that continues to escalate.<p>Bank equities were trounced worldwide on Thursday, leading the way for an all-consuming stock market selloff that spared no major benchmark.<p>An overwhelming …

How to react when a Goldman Sachs backs away from its big calls so early in the year

There are investment calls, and then there are the “total recalls.”<p>And Goldman Sachs has done something that approaches the latter, informing its …

Stock Markets
Stock Markets

Capital flight from China is so intense people are trying to sneak money out without authorities noticing

As the Chinese economy slows down and the renminbi devalues, people are pulling their money out of China. But it's not until you see how much money is fleeing China that you realise just how dramatic the intensity of capital flight has become.<p>Here is a chart from CLSA, in billions:<p>That's more than …

Chinese Yuan

Weak 4Q GDP: Temporary Dip or Is U.S. Recession Bound?

The U.S. economy slowed down in the fourth quarter, pressured by an array of global factors including weakening demand in emerging markets and a strong dollar that makes U.S. exports more expensive.<p>As demand eased overseas late last year, U.S. companies sought to slash bloated inventories, another …

The Shipping News Says the World Economy Is Toast

In October 2008, as the repercussions of the financial crisis were starting to ripple through the global economy, I noticed a press release from …

Baltic Exchange

Falling oil prices: How are countries being affected?

<b>Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday.</b><p>Analysts say the drop has been driven by oversupply, coupled with a fall in demand because of a slowdown in economic growth in China and Europe.<p>There are fears that the lifting …

Oil

Fundamentals could resurface after wrenching sell-off

NEW YORK (Reuters) - The dramatic sell-off on Wall Street through most of the past two weeks could signal a capitulation-type blowout, giving fundamentals the upper hand for the next week.<p>The current slide in stock prices, which on Friday briefly dragged the S&P 500 to levels not seen in more than …

Stock Markets
Economy
Virtual Reality

The 2016 global economy explained in 7 charts

That said, it's impossible to know for sure how the year will go. Investors will find it tricky to navigate.<p>Alan Mudie, head of investment strategy at Societe Generale Private Banking, and his team have broken the major themes into a huge slideshow presentation.<p>We've selected a few slides we think …

Stock Markets