MoPalm Financial Blog

Best Returns in the World (Continued...)

2010-10-27T13:27:00.001-07:00

Check this out...

Why isn't this page the most popular webpage in the world?

If you want these returns... buy the book.

Best Performance in the World

2010-01-12T11:29:00.000-08:00

Well, my portfolio officially outperformed the top hedge fund in the world for 2009. Here is a quote about Appaloosa:

"With 117% returns in 2009, Appaloosa tops Bloomberg Markets' list of the best performing hedge funds, Renaissance Technologies' Medallion fund tops the list of most profitable hedge funds with over $1bn in profits."

And here is a photo of my results for 2009:

It Came True!

2009-06-01T18:00:00.000-07:00

Big surprise...

GM finally went bankrupt.

Someone please explain to me why we bailed them out for so long again? Was it to give them enough time to figure out how to perform a smooth bankruptcy?

That's why we have lawyers and bankers... to figure out that stuff as quickly and efficiently as possible. It doesn't require 6 months of analysis.

Fail.

Latest

2009-05-29T10:58:00.001-07:00

GLD --- 7.79%
HNR --- 40.96%
POT --- 43.47%
TC ---- 86.11%
TCK --- 61.31%
ZINC -- 1.03%
Total - 40.11%

Look at These Results

2009-05-22T09:51:00.001-07:00

In 4 weeks... 31.56% across 6 securities.

Symbol - Gain %
GLD ---- 5.84%
HNR ---- 32.90%
POT ---- 41.52%
TC ----- 70.49%
TCK ---- 44.04%
ZINC --- -5.45%
Total -- 31.56%

Peter Schiff Was Right... Again

2009-05-22T09:14:00.000-07:00

Peter is ranting as usual... this time the data seems to be supporting him.

Massive Inflation

2009-05-17T22:37:00.000-07:00

Massive inflation is coming... just watch.

12,000 Jobs / 1,200 Dealerships

2009-05-15T08:05:00.000-07:00

GM is closing 1,200 dealerships. 30,000 people are expected to lose their jobs.

Looks like the beginning of the restructuring.

Well Duh

2009-05-14T17:30:00.000-07:00

That's what bankrupt companies do... how is this news?

Bankrupt companies screw everyone who held equity or debt with the firm by creating a "bad company" and then they just form a "good company" - it's not rocket science.

TC (Thompson Creek Metals Company)

2009-05-14T16:14:00.000-07:00

TC is up 50.91% since I bought it two weeks ago, it's not hard to make the big bucks. Just go against the market.

GM Sucks

2009-05-12T12:40:00.000-07:00

I keep reading news articles that say GM shares have hit their lowest point since 1933...

Not true.

$1.09 today is equivalent to about $0.07 back in 1933. Therefore, GM is trading at it's lowest level, period. Every day is a new low. The company is bankrupt. Done.

Big Shocker

2009-05-10T22:05:00.000-07:00

Surprise surprise!

Another prediction on it's way...

Clifford S. Asness

2009-05-06T08:07:00.000-07:00

This is America. We have a free enterprise system that has worked spectacularly for us for two hundred plus years. When it fails it fixes itself. Most importantly, it is not an owned lackey of the oval office to be scolded for disobedience by the President.

I am ready for my “personalized” tax rate now.

Clifford S. Asness is the Managing and Founding Principal of AQR Capital Management, LLC - he has written an open letter in response to Barack Obama's demand for hedge funds to "sacrifice" their client's money in order to bail out the UAW.

In my opinion, it's not harsh enough.

You can read the whole letter on The New York Times.

Minerals

2009-05-05T07:46:00.000-07:00

Here are the current positions of a trade I placed last week:

GLD --- 0.35%
HNR --- 39.89%
POT --- 19.56%
TC ----- 53.28%
TCK --- 35.07%
ZINC -- 14.55%

And that's even after a hefty drop today.

Chrysler Falls

2009-04-30T10:40:00.000-07:00

Watch out GM!

Swine Flu

2009-04-29T16:58:00.001-07:00

Hopefully this thing dies out...

Flu season usually ends in May right? Does that matter with the Swine Flu?

Who cares how it impacts the market honestly...

Not a good sign:

WHO Increases Pandemic Alert Level to 5

GM

2009-04-27T08:12:00.000-07:00

It's happening...

Timothy Sykes

2009-04-23T16:55:00.000-07:00

The guy is a scam artist. He never made the money he says he did, and if he even came close he's lost it all since. I guarantee it. He's not a hedge fund manager, he's a con artist. Can we get an SEC probe or something into this guy? He's got testimonials on his site that basically guarantee returns.

Kudos to Neil Cavuto for taking him to school back in 2007. I would have done a better job though.

If you really want to make money, don't buy his garbage or get out while you can.

Is This a Joke?

2009-04-20T14:25:00.001-07:00

"The New York Times reported that the government might be forced to find ways to stretch the $700 billion allocated for the government's bank rescue fund by converting the government's loans into common stock. Such a move would give the government a controlling stake in banks and hurt existing shareholders by reducing the value of their shares." - AP

What.The.

The market took a 3.5% dump today... no surprise.

It's just not American.

US Housing Market Undervalued?

2009-04-20T14:11:00.000-07:00

Really?

I doubt it...

Hmm... bizjournals.com...

Bear Market Rally Anyone?

2009-04-17T16:26:00.000-07:00

Bears!

Be careful.

Calling it!

2009-04-16T14:10:00.000-07:00

New ones:
Obama will let Goldman Sachs pay back their TARP funds
Accountants will start hating Obama, if they don't already

On it's way:
Citigroup will rebound this year
GM will go bankrupt
The dollar will lose value

Still waiting:
Gold will break $1,000 and stay above
The market will not recover this year

No guarantees

Peter Schiff

2009-04-16T14:07:00.000-07:00

He's still at it...

In his latest video, Peter tries to make sense of our recent problems with retail sales. You can check out Peter's video blog on YouTube.

Only time will tell.

MoPalm Financial EBook!

2009-04-16T14:00:00.000-07:00

Check out MoPalm's Ebook, right here!

This book covers EVERYTHING you'll need to know about business, finance, economics, investing, statistics, accounting and sales.

Why get a business degree when you can learn it all for only $3.99?

You will never... ever... find a book that is as simple and direct as MoPalm's Littlest Book of Business. It wastes NO TIME in delivering the most important information right away!

Obama

2009-04-14T10:09:00.001-07:00

Today President Obama talked about the financial industry...

He basically suggested that financial professionals are over-paid, and over-abundant.

My question is, does he plan on dictating market forces? Does Barack Obama really think he can eliminate jobs in finance and replace them with engineering and research jobs? Is he suggesting that he can dictate what financial professionals get paid for their work?

I guarantee he can't...

Sound like someone never got that job at JP Morgan he was clamoring for in his youth.

Calling it

2009-04-07T11:30:00.000-07:00

GM is going bankrupt.

Citigroup will rebound a bit this year.

The market will not recover this year.

Gold will break $1,000 and stay above it.

The dollar will lose value.

Daba Girls

2009-03-26T11:39:00.000-07:00

What exactly is a Daba Girl?

http://www.dabagirls.com/

From one former banker to all remaining bankers: take a brief look at the site, if you haven't already of course. Interesting stuff...

Uh oh

2009-03-26T11:34:00.001-07:00

Looks like the big banks and hedge funds are facing new regulation...

http://finance.yahoo.com/news/US-government-seeks-to-rb-14755159.html;_ylt=Auf4D1NwglwbYPOXlDxDlP27YWsA?sec=topStories&pos=main&asset=TBD&ccode=TBD

Can you imagine what would happen if all the big hedge funds are forced to register with the SEC?

Any idea on how many new scandals would be revealed?

I'd rather not guess...

Vicious Rally

2009-03-26T10:30:00.000-07:00

This rally is vicious. The market/economy should be going down right now, but the government is printing money, buying stocks and bonds, and somehow continuing to convince people that it's OKAY to hold on to U.S. dollars.

I'll be buying gold.

Iceland?

2009-03-24T14:59:00.001-07:00

An explanation of the Icelandic Banking Bubble:

Check it out here.

Great read.

90% TARP Bonus Tax?

2009-03-20T11:24:00.000-07:00

This can't be good.

It's likely that the tax will affect individuals who worked hard and did a good job regardless of the problems AIG had. People who had nothing to do with the collapse. It's a sad affair. I met with someone yesterday who grew up in Hungary and then moved here to escape Communism. He said the current Administration's policies sound frighteningly similar to the ideas of his youth.

http://www.cnn.com/2009/POLITICS/03/20/bonus.bill/

Scary stuff.

Gold

2009-03-19T08:05:00.000-07:00

Apparently, a UBS analyst has calculated that if the USD were put on the gold standard, gold would be close to $7,000.

http://www.marketwatch.com/news/story/gold-rallies-7-above-950/story.aspx?guid={D83BE452-2CFE-4150-AB39-44E1412C3B0E}&dist=google

Stewart, the Fool

2009-03-12T23:47:00.000-07:00

Jon Stewart just lambasted a contrite Jim Cramer on his "Daily Show," showing little grace or tact in the process. He starts the show by acknowledging that both he and Cramer are "snake-oil salesman," and then proceeds to berate him without regard or purpose. Congratulations Jon, you just convinced your audience that one of the few intelligent people left in the financial media deserves to be nailed to the cross.

Sad.

Stewart... again

2009-03-10T08:23:00.000-07:00

Stewart created a follow-up piece to his segment on Jim Cramer. You can view it here:

http://www.thedailyshow.com/video/index.jhtml?videoId=220288&title=In-Cramer-We-Trust

It's silly really.

Not to defend Cramer's stock picks (since he's only hosting a cable television program), and since it's ludicrous to think a guy can spit off so much advice and stay even remotely on target, but attacking him for asking people to buy Bear Stearns 7 weeks before they were bought for $2.00/share? Do you realize how many people knew Bear Stearns was going to get bought for $2.00/share? Do you realize how impossible it is to know that without actually being a member of the deal team? Way to go Stewart - once again you've shown us how little you know about anything.

The Daily Show.

Obama and Profit and Earnings

2009-03-09T11:13:00.000-07:00

Divide profit by earnings and what do you get? More proof that Barack Obama is the one.

http://www.youtube.com/watch?v=t8TIpYr1mc0

Jim Cramer

2009-03-09T10:40:00.000-07:00

And just so you know, a lot of Jim Cramer's material was taken out of context on this one. Shame on you Jon Stewart...

http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice

Rick Santelli

2009-03-08T12:32:00.000-07:00

http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice

Rick Santelli we love you.

Gold Prices

2009-03-07T15:30:00.000-08:00

Check out these gold weekly and daily charts:

http://www.box.net/shared/kggjyut6j4

http://www.box.net/shared/jql0vepgy8

Gold prices should be at least $2,000, if not $3,000 an ounce right now. With the value of the dollar beginning to go back down and people starting to realize that gold is the real deal, we should fly past $1,000 and ounce real soon.

Gold should be around 2/5x-4/5x the price of the Dow Jones. For example, if the Dow Jones is 5,000, gold should be between $2,000 and $4,000. Watch and see.