Simple Practices that Lead to Wealth
MySpace, king of the social networks just a few short years ago, sold for a paltry $35 million this week. News Corp. bought MySpace for $580 million in 2005, which pencils out to a 94% loss. I won’t invest in Facebook, Twitter or most other online businesses and here are 4 important reasons why.
Between the January Effect, the Santa Claus Rally and mutual fund distributions, my portfolio usually takes a nice jump at year end.
The Greater Fool Theory is based on the belief that even if you pay more than an item is worth, you can always sell it to someone else for even more.
For those of you who aren’t familiar with The January Effect or a Santa Claus Rally, it is caused by investors who sell at the end of the year for tax purposes and then buy again in January.