Steve and Sven break down Microsoft, Sirius and Argentina's version of Ebay. Plus Swedish mail and a boy band makes a comeback!
This week: Our CEO + our Sven rap about recession, talking babies and cow power!
http://www.cakefinancial.com So you’re interested in transferring your IRA assets. When you change jobs or retire, you can roll your 401(k) assets into another 401(k) plan, if available, or an IRA. There are two ways you can do this. First, you can make a direct rollover. This means the check goes directly from your current plan to your new plan. Because you never touch the money, taxes aren’t withheld. A direct rollover is a good idea if it’s available, because the other option—an indirect rollover—can get tricky. With an indirect rollover, the check goes from your current plan to you, and you send it to your new plan. The problem is, your plan withholds 20 percent of your money and sends it to the IRS. The remaining 80 percent, which you receive, must be deposited into a qualified retirement plan within 60 days, or it’s subject to a 10 percent penalty. The good news: If you do put the remaining 80 percent in a qualified retirement plan, you can recover the 20 ...
Each week you'll get a new helping of market analysis from our CEO Steve Carpenter and engineering director Sven Junkergård.
http://www.cakefinancial.com You may think options investing isn’t for beginners, but many investors use it to protect their stock investments. So let’s take a look at how it works. An option is a contract. It gives you the right—but not the obligation—to buy or sell an asset at a specific price before a certain date. I know that sounds confusing, so let’s look at an example. Let’s say you own 100 shares of a company called Lemon Car Dealers, which you bought at $100 a share, and is still trading at $100 a share. For some reason, you think the stock might decline in value, and you want to protect yourself. After all, if the company goes out of business, you’d be out 100 shares at $100 each, which is a total of $10,000. So, you buy an options contract for $1,000. This particular contract lets you sell 100 shares of Lemon Car Dealers for $80 a share. Two things could happen. First, as you suspected, Lemon Car Dealers could go out of ...
This week Steve and Sven discuss E*Trade, Visa and Clearwire. And Sweden is up to its shenanigans again!
http://www.cakefinancial.com So you’re interested in an overview of 401(k) plans. A 401(k) plan is a special type of investment account, offered by employers and designed to help you save for retirement. You contribute money to your 401(k) plan through pre-tax payroll deductions. In other words, the money comes straight from your paycheck. Once the money is in the 401(k) plan, you can then allocate it to different investments, depending on your plan. Usually, you can choose from a number of different mutual funds, including money market funds, bond funds, and stock funds. Here’s the best part: While your money is in the 401(k) plan, any interest, dividends and capital gains on your investments aren’t taxed. In fact, the money grows, untaxed, until you withdraw it in retirement. At that point, you pay income taxes on withdrawals at your regular income tax rate. Join Cake Financial today for FREE! http://www.cakefinancial.com
July 18: Steve & Sven on Summer Bargains: What Cake Tops are Buying.
Oct. 3: Steve and Sven respond to "noobs" and find Hidden Gems even in this rough week.
How to cure your hiccups.
Jun 6: Top movers, or Hidden Gems? Find out! + Swedes are back.
July 11: Don't miss these Hidden Gems of Cake's Elite + other top buys.
Today on episode 2 we discuss some of the most active trades by our best members. We'll also talk about vertically challenged Swedish grifters. Brought to you by the bakers at Cake Financial.
This week Steve and Sven discuss gold, international funds and the longevity of Volvos. And Paris Hilton!
This Week: The S&P500, solar energy, and WaMu. Abercrombie invades, Lindsay stops by. Yahoo!
http://www.cakefinancial.com Government guidelines specify the maximum you can contribute to a 401(k) plan— $15,500 in 2008. But there’s one major exception to this rule—the catch-up contribution. If you’re a young worker, you have decades to save for retirement. But if you’re older and are just starting now, saving for retirement may seem like a lost cause. To help, the government lets older works contribute a little bit more to their 401(k) plans. If you turn 50 before the end of a calendar year, you’re eligible for a “catch-up contribution.” How much? In 2008, you can contribute an additional $5,000, making you eligible for a total contribution of $20,500. In 2009 and after, catch-up contribution limits will be indexed for inflation. Your plan administrator or employer can provide you with details. Join Cake Financial today for FREE! http://www.cakefinancial.com
http://www.cakefinancial.com You may have heard about currency trading, but chances are you haven’t done it. That’s because currency trading is tough for the non-professional investor, since it requires a sophisticated understanding of subtle fluctuations between world currencies. In 2005, however, one investment firm made it a little easier to trade currencies by launching the first currency exchange-traded fund. An exchange-traded fund, ETF for short, is an investment vehicle. Like a mutual fund, it holds assets, such as stocks or bonds. But unlike a mutual fund, it trades on an exchange, like a stock. A currency ETF—and there are many today—is simply an ETF that invests in a currency, such as the U.S. dollar, the euro, the Japanese yen and even the Swedish krona. Why consider a currency ETF? In part because it can be used to hedge against the falling U.S. dollar—which many investors consider an increasing problem. The Best Way to Manage Your Investments. ...
http://www.cakefinancial.com Today’s energy markets are booming, and that’s fueled demand for new ways to invest in the sector—including exchange-traded funds, or ETFs. ETFs are investment vehicles. They work much like index mutual funds in that they hold assets in quantities mimicking an index. But, unlike mutual funds, ETFs trade on an exchange, like a stock. Energy ETFs are simply ETFs that track energy-related securities. Some of them track broad market indices, such as the Dow Jones U.S. Energy Sector Index or the Goldman Sachs Natural Resources Index. Other track specific sub-sectors, such as oil, natural gas, or alternative energy. You can even get energy ETFs that invest only in foreign stocks. Most investors won’t want to make energy ETFs the bulk of their portfolio—it’s simply too risky. But energy ETFs can be a good diversifier. That’s because they can help hedge your portfolio against rising energy prices, which can drive up inflation and drive ...
The week Jeff returns with Sven to talk about Pot, Commodities and Robots.
This week Steve and Sven discuss bonds (on Oxford Street),shopping, facebook, Swedish pension funds, nuclear weapons and warheads. Where's Lindsey?
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