China’s SWF (Sovereign Wealth Fund) is moving to expand its international investments this year targeting European Countries that previously attempted to set limits on the level of China’s investment in their countries.
Last week, China Investment Corp’s Chairman, Lou Jiwei, spoke to a group of business leaders and explained that since Chinese investment in Europe wasn’t welcomed last year, it actually prevented China from experiencing the market losses it would have experienced had China invested in Europe.
Now, all that has changed.
Read more »
Posted in
General
Wall Street Journal Reporter, Tom Herman, just published his final article as a full time employee and writer for the Journal in the area of personal finance. His take on the US tax system is interesting, and likely more accurate than the opinion of many, as he’s been writing about it since his arrival at the Journal in 1968.
Herman recalls how embarrassed he felt as a college graduate in 1968 unable to complete his own tax return. Out of this embarrassment and frustration came one of his first ideas for a story; he hired 5 different tax professionals to do his taxes and got 5 different outcomes. While that made him feel better about his own competency, it did shed light on how bad our system of taxation is.
Read more »
Posted in
General
The Kenny Rogers song ‘The Gambler’ talks about knowing when to hold ‘em and knowing when to fold ‘em.
As I hear people talking about investing in real estate in light of the large price decline experienced over the past year or so, I offer two simple words – fold ‘em.
Read more »
Posted in
General
