profitable

Personally, like a lot of Americans, I am happy that President Obama is taking steps to making AIG management accountable.  That is an interesting word since our financial society internationally is based on accounting methods that we all subscribe to it is pretty funny that a lot of times we find behind the curtain that there is nobody accountable.

Not so much these days.  If somebody is still alive, they will be found and as the cliche goes, there will be a reckoning.  Not that it matters since most of the time the penalties are small in respect to the millions or billions that have been already stolen, squandered or mismanaged.  At least the mechanism kicks in and sometimes, yes it is late but like another cliche, better late than never.

Will this set the tone and make corporations deal fairly and squarely especially with US taxpayers bailout funds?  It should or the next step may be the resurrection of the gulliotine and we will have heads chopped and rolling all over the place.  That would make for great television by the way and I know a lot of people who would pony up US$25 for a pay per view execution series with a gulliotine.

Is it over the top?  Sure.  Is it silly? Of course – but no sillier nor more over the top than senior corporate heads going on with business as usual trying to hide behind the fact that they had pre-existing contracts.  A lot of people in corporate America and in corporate Europe, Asia and South America had contracts and agreements and they were let out, fired or outsourced.  I really don’t have a lot of sympathy for multi-national companies that were crying to the US government carrying their hat in their hands and posturing.  If you are taking our money, you play by our rules.  When people were employed (or are employed by large firms) and taking their money, people play by their rules, right?  Isn’t fair for one way, fair for the other?

Kudos once again to the President and hopefully this will get more responsibility, accountability and ethics at the higher levels of business.

Hey, tax professionals are always recertifying their ethics courses, how come CEOs don’t have to be recertified with ethics?

March 18 2009

Interested in any of my books?  You may want to make a stop over  here. Please click through to purchase my books and some other interesting items that actually ARE on sale.   Have you read my book, “Bad Tax Idea, Good Tax”?   Please order it today.  The tips inside can save you hundreds if not thousands of dollars!

 If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book listed below.  Part of all the proceeds from the sales of that book  go  to Rett Syndrome research.  One girl is born with Rett Syndrome worldwide every fifteen minutes.   My daughter Arianna has Rett Syndrome and we are working to do all we can to make her life easier and find a cure in her lifetime.  Boys born with the Rett gene generally die at birth.

  Practical Money Making-Surviving Recession, Layoffs, Credit Problems, Generating Passive Income Streams, Working Full Time or Part Time and Retirement

Kim Isaac Greenblatt

Spanking AIG

Looking at the stock market on Friday, it looked like the financial sector’s brief run-up has ended.  At this point, with options expiration next week, I would expect the prices to hover.  If pressed I would suggest that Monday-Wednesday that overall things may be flat and by Thursday things will pop up a bit.  Of course, I have no clue and nothing to base this on except past performance, current market behavior to news and nonsense so your mileage (and mine) may vary.

We are in the home stretch of tax season, folks.  There is less than a month (well, okay – a month) of time remaining before the April 15th deadline so do what you have to do.  Get your tax forms and paperwork to a tax office or log on and use the software of your choice to efile.  Just get it done.

I am busy on Saturday so this entry will be another brief one.  Keep us posted about whether you are getting your California refunds or not.  As of now it sure looks like there will be another 25 day wait till we get paid.  If it goes to the end of May and beyond (and at this point I am thinking “Might as well at this point”) we will get interest from the Franchise Tax Board.

I’ve been getting good reviews for my “Bad Tax Idea, Good Tax Idea” book again – mainly because a lot of my tax advice deals with issues that can be used in any tax climate that you are filing in.  My book on Practical Money Making has been selling decently.  Just remember that my suggestions for investing in covered calls are risky and you should not do it with money that you are at risk of losing.  Come to think of it, all my money theses days I would prefer not to put at risk nor lose.  I presume that you all are the same way.

It also doesn’t look like there are any entertaining movies to watch this weekend and I am too lazy to even want to join a movie rental group.  The lawn looks like it needs to be mowed (again) similar to people realizing that their monthly bills need to be paid (again there also).  Part of the cycle of life.  Try not to let life or creditors mow you down, okay?

Be safe, sane, healthy, wealthier and happy!

Interested in any of my books?  You may want to make a stop over  here. Please click through to purchase my books and some other interesting items that actually ARE on sale.   Have you read my book, “Bad Tax Idea, Good Tax”?   Please order it today.  The tips inside can save you hundreds if not thousands of dollars!

 If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book listed below.  Part of all the proceeds from the sales of that book  go  to Rett Syndrome research.  One girl is born with Rett Syndrome worldwide every fifteen minutes.   My daughter Arianna has Rett Syndrome and we are working to do all we can to make her life easier and find a cure in her lifetime.  Boys born with the Rett gene generally die at birth.

  Practical Money Making-Surviving Recession, Layoffs, Credit Problems, Generating Passive Income Streams, Working Full Time or Part Time and Retirement

Kim Isaac Greenblatt

Stock Market Still Needs Work and Stuff

The stock market has been up for the last three days.  Does that mean that Friday the good news will continue?  I am not sure but I feel that things are almost scripted the way that people are expecting it.  Pundits have been waiting for the first quarter (Jan-Mar) to finish so they can predict a market pop.

The market may be popping, but will it continue to go up?  The market enthusiasm is based on the fact the Citibank and other financiall institutions are showing a profit.  They are stating that business is better because they are actually making some money.  I am sure that the infusion of several billion dollars has helped the bottom line since I don’t see that money in the country’s economy yet.

What does it mean for you and I?

Not much if you don’t have money to invest.  If you have some cash this is a point where you can at least in the short term decide if you want to join the others and jump back into the stock market.

The options expiration date is next Friday and I am expecting that people who are shorting the market will get clobbered, at least for the short term.  I think that people are sick of all the bad news and that investment managers are jumping in with some fund money in stable companies that also might produce dividends.

How do you or I profit from this?

Expect that there is some stimulus money in the economy and part of the cash news is that people are spending their money and buying stuff.  Some fast food companies are doing well and I would expect that a lot of firms are going to show great profits compared to the lousy numbers that have already hit in previous months.

Anything that has something to do with health care, aerospace, health food (since people are making lifestyle changes to deal better with the hard times), alcohol and tobacco (which is funny because other people are turning to their addictions to help) and anything to do with stem cell research. 

I am writing this with my Acer netbook and my wireless connection and I am loving it.  I am also exhausted and ready for sleep.  Anyways if you want to get a netbook like mine, please click through to the buy something page.

I am still waiting for my California return as well as millions of other people.  I guess we will see what happens in the next two-four weeks.  Ugh but it beats having the money stay in the State coffers.

 I need to get my eyes closed.  Take care people.

Interested in any of my books?  You may want to make a stop over  here. Please click through to purchase my books and some other interesting items that actually ARE on sale.   Have you read my book, “Bad Tax Idea, Good Tax”?   Please order it today.  The tips inside can save you hundreds if not thousands of dollars!

 If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book listed below.  Part of all the proceeds from the sales of that book  go  to Rett Syndrome research.  One girl is born with Rett Syndrome worldwide every fifteen minutes.   My daughter Arianna has Rett Syndrome and we are working to do all we can to make her life easier and find a cure in her lifetime.  Boys born with the Rett gene generally die at birth.

  Practical Money Making-Surviving Recession, Layoffs, Credit Problems, Generating Passive Income Streams, Working Full Time or Part Time and Retirement

Kim Isaac Greenblatt

Third Day Stock Market Charm To Four?