Archives for October 2013

October 2013 - Page 7 of 13 - Money Morning - Only the News You Can Profit From

Want Cheaper Healthcare? Just Make Less Money

Over the weekend, the San Francisco Chronicle delivered a stunning message that discourages and demotivates American workers from earning more income and promotes greater government dependency.

It's all thanks to sloppy incentives created by the Affordable Healthcare Act.

The Chronicle reported that Karen Pollitz, a senior fellow at the Kaiser Family Foundation, said last week that workers in California should consider reducing their 2014 income and work hours in order to qualify for Obamacare subsidies.

"If they can adjust (their income), they should," said Pollitz. "It's not cheating, it's allowed."

This isn't going to end well...

The Most Important Numbers to Know Today 

200 Democrats and 19 Republicans support passing a continuing resolution with no strings attached to re-open government, according to a CNN poll of Congress. With three vacancies among 435 Congressmen, 217 votes is the minimum required to pass the measure. Senate claims it's close to a deal, but the question is how House Republicans will react – as the shutdown continues into its fifteenth day.

700% surges were seen in TWTR earlier this month. The zombie stock represents shares of home audio store Tweeter Home Entertainment Group, now traded on the pink sheets, but a one-time strip mall staple of the suburban bass head set. Tweeter went bankrupt in 2007, and shut its doors nationwide through 2008.  But, some overeager investors mistook TWTR to be the hotly-anticipated shares of Twitter, Inc. The stock, which had been trading around one-hundredth of a penny, shot up to nearly $0.05, amid the heaviest volume in seven years. FINRA has since changed the ticker symbol to THEGQ, and shares have settled back down in sub-penny territory. There's no need to worry about picking up shares of Southern gourmet supermarket Harris Teeter, either. Those shares were subsumed by Kroger earlier this summer. As for what to do about Twitter stock – take a look…

all in one place?

What a Debt Ceiling Stalemate Will Do to the Market

Yesterday (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co."to make projections about what a stalemate on the debt ceiling will do to the market.

We are a little more than 24 hours away from the day that Treasury Secretary Jack Lew has said we'll exhaust the "extraordinary measures" and go over our debt limit. But even with the impending deadline, over the last five days the market has shakily climbed, with the Dow up 2.35%, Nasdaq up 1.16%, and the S&P 500 up slightly to 1.9%.

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The (Simple) Secret to an Early Retirement

In my early career, I was fortunate to do well financially while working at Goldman Sachs. I also made the decision to live below my means, and to invest intelligently. By my late twenties, I had amassed a seven-figure nest egg, and in my early thirties, I actually took an extended vacation for about five years.

What I came to learn, however, is that you don't have to work for Goldman Sachs – or be a multi-millionaire – to be able to retire comfortably or early.

You don't even have to figure out your "number"...

Early Problems with Obamacare Are Bigger Than a Glitch

After more than three years, $400 million, and a steady stream of assurances from the Obama administration, the government's healthcare exchanges should have been ready to go.

But the problems with Obamacare, at first brushed off as the result of an overwhelming initial response, run much deeper than the Obama administration would like to admit.

"These are not glitches," an insurance executive who has taken part in many conference calls on Obamacare told The New York Times. "The extent of the problems is pretty enormous. At the end of our calls, people say, 'It's awful, just awful.'"

Here's why Obamacare is falling apart and what that means for you...

Stocks to Buy Now: Two New Turnaround Plays

One of the most lucrative, if challenging, endeavors in the stock market is searching for stocks to buy that have fallen but are ready to take off to new highs.

The good news: It can be done – and deliver returns like you've never seen.

I like to call them "turnaround stocks."

The typical turnaround stock has stumbled badly, with the share price punished severely for overblown media mishaps or trouble in the sector.

That's why finding turnaround stocks to buy is not for everybody. These stocks can be volatile in the short run.

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