Money and Finance
- History Rhyming?
The excerpt below is from Liaquat Ahamed in Lords of Finance, writing about September 1929. It reminded me a little bit of today’s situation where stocks are close to highs, there is some positive economic data mixed with weak economic data, and you...
- Benjamin Roth Quote On Investing
From The Great Depression: A Diary, and written in September of 1931: “The wise investor will disregard the day-by-day fluctuations of the stock market or real estate market and base his buying and selling on these long periods of rise and fall. Above...
- Net Worth Update - July 2012
July was a great month for my net worth with almost an $8,300 increase. A lot of that came from my savings and another good chunk came from the stock market rising. For the month I contributed around $1,250 to my 401k plus another $630 from the company...
- September Dividend Update
As the market selloff continues we continue to see some great deals in the markets. I wish I had more money to take advantage of these low prices however we may see lower prices to come. I'll continue buying on the way down if we do. My most recent...
- September Passive Income Progress
Even if stock market doesn't make me so happy, this was my best month on dividend earnings so far! In September I was able to purchase RY (Royal Bank of Canada) and CHSP (Chesapeake Lodging Trust). I started tracking my passive income...
Money and Finance
1932 summer stock market rally
As described in two entries by Benjamin Roth in The Great Depression: A Diary:
SEPTEMBER 1, 1932
The month of August just ended has been the lowest point so far in the depression for all kinds of business and professional men. The heat has been severe and all kinds of activity are at a complete standstill. The stock market on the contrary tripled its value during August in one of the quickest climbs ever witnessed. I believe this also established a record. Nobody seems to know even yet why the stock market went up because business has gotten worse instead of better.
SEPTEMBER 7, 1932
…Some comparison between stock prices between July and September follows: Aluminum Co. of Am. 25-85; Sheet & Tube 4 to 27; Bethlehem Steel 7 to 30; AT&T 70 to 120; U.S. Steel 22 to 50; Western Union 13 to 50; United Aircraft 7 to 30. Most of railroads are 400% higher now than in July although railroad business continues to get worse.
- History Rhyming?
The excerpt below is from Liaquat Ahamed in Lords of Finance, writing about September 1929. It reminded me a little bit of today’s situation where stocks are close to highs, there is some positive economic data mixed with weak economic data, and you...
- Benjamin Roth Quote On Investing
From The Great Depression: A Diary, and written in September of 1931: “The wise investor will disregard the day-by-day fluctuations of the stock market or real estate market and base his buying and selling on these long periods of rise and fall. Above...
- Net Worth Update - July 2012
July was a great month for my net worth with almost an $8,300 increase. A lot of that came from my savings and another good chunk came from the stock market rising. For the month I contributed around $1,250 to my 401k plus another $630 from the company...
- September Dividend Update
As the market selloff continues we continue to see some great deals in the markets. I wish I had more money to take advantage of these low prices however we may see lower prices to come. I'll continue buying on the way down if we do. My most recent...
- September Passive Income Progress
Even if stock market doesn't make me so happy, this was my best month on dividend earnings so far! In September I was able to purchase RY (Royal Bank of Canada) and CHSP (Chesapeake Lodging Trust). I started tracking my passive income...