Its been two months already. It seems like just the other day I was kicking around the idea of starting a blog. Just goes to show you how quickly things can build up.
The Dodd-Frank Act is 1,600 some pages. Most will comment or joke that nobody has read it all let alone the members of Congress that passed it. Along with what I mentioned in the video that they are still writing the rules, there is the possibility that Congress won't like those rules and pass another law to change it or other parts of the Act. So all the freaking out? It may be temporary and then we will have something else to freak out about.
It can turn into a never ending cycle where all one does is whine and complain about how its not fair. What is that type even doing in the financial markets if they arent trying to make money?
Weekly Activity
$100 deposit into Investing
Model Portfolio Totals
Trading Account: $0
Investing Account: $492.80
Stock: $0
REITs: $0
Bonds: $269.30
PCY: $269.30
Manuevering: $223.5
Savings Account: $300
Emergency: $250
Portfolio Protection: $50
CDs: $0
Precious Metals: $0
Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others.
I am not a financial planner, financial advisor, accountant, or tax advisor. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.
EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.
The Dodd-Frank Act is 1,600 some pages. Most will comment or joke that nobody has read it all let alone the members of Congress that passed it. Along with what I mentioned in the video that they are still writing the rules, there is the possibility that Congress won't like those rules and pass another law to change it or other parts of the Act. So all the freaking out? It may be temporary and then we will have something else to freak out about.
It can turn into a never ending cycle where all one does is whine and complain about how its not fair. What is that type even doing in the financial markets if they arent trying to make money?
Weekly Activity
$100 deposit into Investing
Model Portfolio Totals
Trading Account: $0
Investing Account: $492.80
Stock: $0
REITs: $0
Bonds: $269.30
PCY: $269.30
Manuevering: $223.5
Savings Account: $300
Emergency: $250
Portfolio Protection: $50
CDs: $0
Precious Metals: $0
Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others.
I am not a financial planner, financial advisor, accountant, or tax advisor. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.
is this Act going to affect the US low-funds investors in any major way? thanks!
ReplyDeleteYNY from youtube
Thats a good question and one that I don't have an answer to. Since they are still writing the rules everyone, including the low funded investor, doesn't know what they need to change or even if.
ReplyDeleteSome people are seeing the word forex and believe it to be foreign currency exchange. However it could be any transaction with a foreign entity and others are thinking it will only be gold and silver. I contacted thinkorswim (my broker) and they were saying it will not impact their US currency traders. Other sites are stopping all transactions with US customers. So its not just investors that are confused but also large brokers with teams of lawyers.
Best thing to do imo is just wait and see.
Will this potentially effect your bond? Are you monitoring the Delta value? I'd hate to see you left holding the bag...
ReplyDeleteGood question lambdog. Though I dont know... I just cant believe the US government would block a U.S. ETF that bought foreign debt. More then likely and if I was forced to guess... I think what their end goal is with all this is to get the unregulated OTC markets regulated and monitored. So an ETF should be fine.
ReplyDelete