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Must Reads

Reading is Essential

What do Bill Gates, Warren Buffet, Elon Musk and other wealthy people have in common? They all are avid readers. You should be too. These are all books I have personally read; otherwise, I wouldn't recommend them. In full disclosure, I do make a small commission if you buy the books here, at no extra cost to you. Start with these six books.
Total Money Makeover
A simple, straight-forward game plan for completely making over your money habits! I used this book to get out of debt, as well as budgeting, financial net worth statements, paying off credit cards, and the emergency fund, which I eventually grew to 12 month's expenses.
I don't follow his rules 100 percent. For example, I think you should have a $2,000 emergency fund as the first step. Also, I don't use my debit card for online transactions or for travel. I got hacked once doing this. I use a credit card and pay off the balances immediately.
Best $20 you will ever spend (I think this book is now $15 in paperback format).
The Richest Man in Babylon
Financial principals as old as written history. Written as stories, this easy to read book explains these principals in language anyone can understand.
This book is on every reading list I have found.
What one reviewer on Amazon wrote: "Easy to read and understand, timeless message. This book should be required reading for all school kids. It doesn't espouse greed like Think and Grow Rich. It simply teaches that you already have the ability to grow your prosperity from what you already have. READ THIS BOOK and change your life forever."
Basic Economics
Everyone should have a foundation in basic economics, or simply how the economy works and what affects it. Boring right? But this book is written so that anyone can understand the basics without getting too bored.
Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on.
Buy, Hold and Sell!
For those looking to build a sound financial plan for the long run, this book provides expert insight and solid advice with supporting charts, graphs, statistics, and anecdotes.
Understand the buy-hold-SELL strategy
Learn how to design a sell strategy to protect principal in the next bear market
Find clear-cut information regarding retirement finances
Discover the benefits of a diversified portfolio
This book expands upon old advice to provide the most important part of the equation: a sell strategy designed to protect principal. The goal is not to make you rich quick, but to help you keep from becoming poor.
The Neatest Little Guide to Stock Market Investing
The essential stock market guide for beginners, updated with timely strategies for investing your money. The perfect book for anyone hoping to learn the basics of investing.
Accessible and intelligent, The Neatest Little Guide to Stock Market Investing is what every investor, new or seasoned, needs to keep pace in the current market. This book is a must read for anyone looking to make money in the stock market this year!
Rule #1
Value investing the Warren Buffet way, but explained so anyone can understand. Highly recommended. Town also has courses and resources on his website,
But the financial concepts are timeless. A must read.


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What happened when a Trump Supporter Challenged Me About the Wall

Vicky Alvear Schecter wrote in Medium | Poltics on Dec. 27, 2018 using her headline above. I thought it was pretty well written -- at least she made an attempt to keep her liberal bias out of it -- regardless of a few illogical fallacies

But she does make an attempt, in an effort to avoid her liberal bias, as she ponders  " order not to be accused by bias, I explained that I would only use conservative sources to prove my point."

To me, that's bias to start out with that premise. And I believe her premise is that she is against the wall. That's her stance. But she makes some good points, but some are skewed, even though she attempt to take a "conservative" approach, even by citing some "conservative" sources in her footnotes.

Here's the first problem: if she wanted to avoid bias, why not just stick to the the historical facts as written (when you can find them without bias), and not concern oneself with bias. "I must reject that becau…

Weekly wrap for Nov 9

After Thursday and Friday, it might seem the markets are down, but the weekly numbers tell a different story, with the three major indices up for the week. The Nasdaq, with its tech exposure, had the smallest increase. The tech sector is obviously under recent pressure. 

IndexNov 2Nov 9+/-%S&P 5002,723.062,781.01+ 57.95+ 2.12%Nasdaq7,356.997,406.90+ 49.91+ 0.67%DOW 3025,270.8325,989.30+ 718.47+ 2.84%
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The weekly chart of the SPY still indicates a long position in the broader market. (The blue line is the 34-week moving average; the red is the 13-week moving average).

While the U.S. economy still seems to be just fine from most reports, investors seemed to worry about a couple of things on Thursday and Friday: 1) The Eurozone, 2) trade with China, and 3) the Fed and interest rates. Another topic of interest has been oil. 

First, it seems that the Fed has really not indicated …

U.S. Top Oil Producer, Thanks to Obama

\ You read that right.

The U.S. is now the largest oil producer in the world, according to the EIA, producing some 15 million BOE per day, surpassing Russia and Saudi Arabia. (Remember back when Jimmy Carter said in 1979 the answer to our energy problems was to wear a warmer sweater...but you probably don't. He actually said this on national TV).

The United States is the top oil-producing country in the world, with an average of 14.86 million b/d, which accounts for 15.3% of the world's production. This is down from 15.12 million b/d in 2015, but it was enough to land the United States in the No. 1 spot, which it has held for the past four years running. (Source: Investopedia.)

Guess who takes credit for it? Granted, this increase in production began in 2012, but only because of private industry and the fact that the price of oil was at nearly all-time highs. And it dipped in 2016 because of Obama's anti-oil policies! 

But here he is again

Former President Barack Obama sure l…