Saturday, January 28, 2012

KOL Finance Meeting Minutes 01 28 12 Check yo credit, before you wreck yo credit!

Members present:

Brian, Bickford, Danak

Bickford was checking his crtedit score, because he is a tidy financier, and it brought up the point that not all credit scores are created equally. You really want the FICO score, since it is regarded at the standard. You are going to have to pay, and make sure you go to the FTC website and plow through their links, in order to avoid the [not] free credit report sites, and which are legit and not. You are looking for your annual credit report. You are allowed one per year, per company, under federal law. In certain states you are also granted an additional annual credit report. To be clear, though, if you want your credit SCORE, you are going to have pay. 

*Also, if someone pulls your credit score, say, if you are applying for a loan, you are allowed to request the credit report. The company pulling your score is legally required to provide you with a basic report, with the scores for each company. 


ATT has not changed much, which is what we want. We purchased this as an experiment in earning dividends, so there's a success!




EWZ is making more progress on the way back up. It is not quite back to where we bought it, but it is making slow progress. We bought it about $72, and now it is about $66. If we had more shares of this, it would be a tragedy, but we're learning, right? The 50DMA is on the upswing, and the 200DMA is about leveled out. This points to the stock stabilizing, so hopefully Brazil will get its shit together, and start making us some dolla-dolla!


SPY, oh SPY, you are almost pack up to the peak that it has been at when we first bought it. 


We didn't really buy any of these to get huge gains, and really, we were just hoping that we wouldn't lose any money on the deal. So far we have done a pretty good job not losing our heads on this. That brings up the ever-present discussion of the next buy. Since we have played it safe, do we want to go with more growth (read: risk) or more diversification (read: keep shirt and pants)?



For next week: 

We should take a look at this article from Jim Rodgers, in particular we should take a look at what this means: 

Brazil is wonderful and I am very bullish on commodities. These two are commodity countries, but Brazil is normally not a very well-managed country and their new government is making many mistakes and of course the market there was very high. 

Fun, no? So what went wrong in Brazil?

Also, should I do my own taxes? [Lifehacker]

Profit!

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