Have you ever heard of JamesEdition? If you aren't a billionaire, then I would guess that you haven't. When I first saw this site, my jaw literally dropped. Basically, JamesEdition is Craigslist, but for the wealthy and certainly not for the regular Joe (or Craig if you will). There are people in this world that own ridiculously expensive items and when they would like to sell a luxury purchase, they find that the market of buyers is usually quite small (you know, because not everyone is a billionaire). The solution? JamesEdition.
This post comes from my long time friend and college instructor Andrew Levin.
Here in the USA, we love our gas. Each day, we consume enough gasoline to fill up over 550 Olympic-sized swimming pools. There is an average of one car for every two Americans. And boy do we like to drive. According to the US Department of Transportation, each American driver drives an average of 15,000 miles per year.
Phase 1: Collect Underpants. Phase 3: Profit. Who says you can't learn any good financial lessons from South Park? [Read more…] about Underpants Gnome Capitalism
OMG! OMG! APPLE HAS A NEW PHONE! iPHONE 5! WOOO!
Chill out people. It is just a phone.
Last night, I watched a fascinating CNBC show about “as seen on TV” product that are sold primarily through infomercials. I have never bought anything from an infomercial, but apparently a lot of people have. Those TV products have made a lot of people a lot of money.
If you have ever heard about people making millions (or losing millions) of dollars on currency speculation, you are not alone. I have read stories about being making and breaking the bank by investing in Euros, Pounds, Yen, Shekels, Yuan, Baht, Pesos, and a slew of other currencies. From the grand entrance of the Euro to the Asian Currency Crisis in the 1990s, the Foreign Exchange, or FOREX, markets are an important investment opportunity.