To be in command of your destiny

There is no way to predict how innovative markets will develop.

Every body wants to be in command of their career and destiny.

Basic investment rules

Basic investment rules

If a stock got above about its pie share in your portfolio, you suould cut it back so it wouldn't overly dominate.

You may lose some money by trimming winners

If a stock doesn't grow, you should cut your losses and sell.

You must remain hypercompetitive and self-confident.

You should track a stock's performance for weeks before buying, and then build a stake gradually

You should keeps charts comparing your holdings with the overall market and classifying your stocks by category -- growth stocks, aggressive growth, foreign and so on.

Stocks move most heavily at the open and the close

You should buy preferably with a high dividend yield and low price-to-earnings ratio.

You need willpower.

You need willpower.

Willpower is to do something that must be done but you don't feel like doing it.

The most important factor to do things is sheer willpower.

There is no substitute for will.

You need self-confidence and persistence, the feeling that is right to do what you plan to do and you can certenly do it.

Why I am betting a recession will happen.

The Fed's actions will not help.

Strong global growth that is propping up the U.S. economy is based on irrational indebtedness.

The economy is still creating jobs but they are low-paying jobs.

The housing downturn's pain has not damaged much yet.

Unfortunately government spending remains strong.

How to solve the subprime mess?

The best move to solve the subprime mess is to do nothing at all.

The government must be careful about anything that props up home prices because
it would delay the point at which investors -- in both real estate and mortgage-backed securities – believe prices have touched bottom.

It is common sense that the financial erosion will come to an end when the prices of homes and equity in homes stabilize.

It stands to be a big question mark until 2009

Mortgage securities typically consist of 10 or more different slices -- from highly rated slices for conservative investors all the way down to low-rated, riskier slices for investorslooking for bigger returns.

Each slice has its own set of rules governing when and how investors will get paid or suffer losses.

Rising defaults can actually be good for some highly rated slices, which get paid off faster as a result.

Many lower-rated slices, though, pay back the original investment only after three years, and only on the condition that defaults remain low.

That means the value of a security issued in 2006 stands to be a big question mark until 2009.

Relocating jobs to the U.S.

European businesses struggling to stay competitive in global markets as the euro and pound hit new highs against the dollar, are shifting more of their cost into dollars by rising their purchases from America suppliers and relocating jobs to the U.S.