2008 October | WhereDoesAllMyMoneyGo.com

A Lap Of The Blogs

Posted by Preet on Oct 30, 2008 | 3 comments

If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found interesting and think that others may want to read for themselves. I also include some commentary on what’s going on in my personal life and a weekly “racing video” since my former life was in the auto-racing industry. The name “Lap of the Blogs” is in reference to “A Lap Of The Gods” which is an old video series which chronicled on-board footage of the world’s greatest F1 drivers lapping various racetracks from around the world. 1. Don’t forget to enter the contest (free to enter) to win a Money Movie DVD of...

Possible Ramifications of the Yen Carry Trade Unwinding

Posted by Preet on Oct 30, 2008 | 3 comments

REMINDER: Don’t forget to enter Round #5 of the Money Movie Giveaway – you could win a copy of “Casino” or the original “Ocean’s Eleven” on DVD! Click here for more details – free to enter, contest ends October 31st, 2008. Yesterday’s post described the Carry Trade, and specifically the pesky Yen Carry Trade which is currently being unwound. I suggest reading that post before continuing with this article. Possible Ramifications We discussed how borrowing Yen on the cheap and investing the proceeds in higher yielding securities in other countries earned a return basically equal to the differential in interest rates. Further, a carry trader...

The Now Infamous "Carry Trade"

Posted by Preet on Oct 28, 2008 | 6 comments

REMINDER: Don’t forget to enter Round #5 of the Money Movie Giveaway – you could win a copy of “Casino” or the original “Ocean’s Eleven” on DVD! Click here for more details – free to enter, contest ends October 31st, 2008. There is much new lingo in the investing world as of late, such as LIBOR, the Baltic Dry Index, and “carry trades”. The carry trade is getting some serious play in the media so I thought I would give a very basic explanation of what it is, and why it may be playing a very large role in the “global de-leveraging” (another new buzz phrase) that we are experiencing now. The Yen Carry Trade A carry trade is,...

Boiler Rooms

Posted by Preet on Oct 27, 2008 | 3 comments

In case anyone thought the movie ‘Boiler Room’ starring Giovanni Ribisi and Vin Diesel was nothing more than artistic license and great imagination, the movie was based on a true story and the term Boiler Room is, unfortunately, a real-world phenomenon. What is a Boiler Room? A boiler room is very much as depicted in the movie: a room filled with small workstations to maximize the number of people that can be fit in one small space with the goal to constantly cold call prospects and bombard them with high pressure sales tactics in order to sell them penny stocks as part of a “pump and dump” scheme. Pump and Dump Pump and Dump refers to...

A Collection of Famous Quotes About Investing

Posted by Preet on Oct 26, 2008 | 2 comments

REMINDER: Don’t forget to enter Round #5 of the Money Movie Giveaway – you could win a copy of “Casino” or the original “Ocean’s Eleven” on DVD! Click here for more details – free to enter, contest ends October 31st, 2008. Thanks to everyone who voted and/or left a comment on my Women’s Network audition tape. The Top 20 will be selected by Monday, November 3rd and I’ll be sure to let you know if I made the first cut! In the meantime, I’ve rounded up some great quotes from some investing giants for your enjoyment… so enjoy! (NOTE: Some were picked because I found them insightful, while other were...

A Lap Of The Blogs

Posted by Preet on Oct 23, 2008 | 8 comments

If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found interesting and think that others may want to read for themselves. I also include some commentary on what’s going on in my personal life and a weekly “racing video” since my former life was in the auto-racing industry. The name “Lap of the Blogs” is in reference to “A Lap Of The Gods” which is an old video series which chronicled on-board footage of the world’s greatest F1 drivers lapping various racetracks from around the world. 1. Don’t forget to enter the contest (free to enter) to win a Money Movie DVD...

CONTEST: Money Movie Giveaway for October!

Posted by Preet on Oct 22, 2008 | 29 comments

It’s time for Round 5 of the 2008 Money Movie Giveaway Contests on WhereDoesAllMyMoneyGo.com! Free DVD Movie To Be Won For those who are new to this blog, I’ve been running a series of “Money Movie Giveaway” contests every few months. Entering for a chance to win is easy, just leave a comment (say anything you want [within reason!]) at the bottom of this post and that’s it. No strings attached. Round 5 Our previous winners have now selected Boiler Room, Glengarry Glen Ross, Trading Places and Wallstreet so they are off the list for the remainder of the year, but everyone else will have the opportunity to win one of the 2 remaining movies...