Your Questions, Your Money

  • October 15, 2009 03:11 PM EDT

    Dow 10,000? Try Dow 6,700.

    Dow 10,000? Try Dow 6,700. That’s the level of the Industrial Average if you look at in euro terms. 6,727 to be exact. And the following chart shows the not-so-fun ride foreign investors have taken in Dow stocks over the last decade. A European investor who bought the 30 Dow stocks 10 years ago in October 1999 when the Dow was almost exactly 10,000 is nowhere near breaking even though the Dow – as we look at it -- just broke through 10,000. That red line tells the whole story, and that decline is because of the dollar’s steady decline over much of the decade. A foreign investor converting euros into ... read more

  • September 18, 2009

    Everything But The Oink

    My father mailed this supermarket flyer to me recently. Makes you ask: What inflation? On a side note: When I would talk to friends about eating pig and all the parts growing up, they always looked at me in digust. Now it feels adventuresome.   ... read more

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  • September 4, 2009

    How Much Cash4Gold?

    With gold glittering once again, you might be thinking about how to cash in some of granny's old jewelry. And we've all seen the Cash4Gold ads. Some feature financially challenged celebrities promising fast cash for that gold jewelry sitting around the house. The appeal is ease and a nice payday: No time consuming eBay listings. No trips to the pawn shop. Just place your gold in the free envelope and wait for your check to arrive. But how good of deal is Cash4Gold? It's a question never asked by most reporters - like somehow ... read more

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  • August 13, 2009

    Five Real Estate Lies That Will Not Die

    I still hear them every day: Fallacies about buying real estate and putting money into property after you already own it. The other day I was watching one of those ubiquitous real-estate TV shows when I heard a realtor say something you don't hear often enough: "You shouldn't install granite counters into this home because no other homes at this price range in this area have them." Hallelujah. Amen. And then some. Nevertheless, there’s still so much bad bubble-era advice being doled out about real estate. Well, the ... read more

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  • August 7, 2009

    Customer Service: The Best And The -- Well, I Don't Shop There Anymore

    Earlier this week I saw that J. Crew is going back to basics and focusing on its catalog business and Web site rather than its stores. Good thing. Based on my own experiences in its stores lately, the chain should keep the customers as far away from some of the staff as possible. The service is bad enough to tarnish the brand…permanently. My research is certainly not scientific – merely anecdotal. But it cannot be a coincidence that I’ve encountered terrible service and terribly rude employees in four different ... read more

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