Disqus - Latest Comments for Franklin

Re: When Comical Investors Attack

Franklin — Thu, 06 Dec 2007 15:13:02 -0000

Jorge, about the financial sector - If you read the quote by Philip Fisher, you can see that price is not everything. besides, when you talk about Ben Graham or Warren Buffett, value investing has to be around somewhere. And financials is where the value is right now. Most of them are trading below value, which is also why ADIA agreed to invest $7.5 billion in Citigroup.

Re: Full Time Trader?

Franklin — Wed, 26 Dec 2007 22:25:10 -0000

Admirable intentions, and at the risk of sounding cliched, I'd say that it's not as hard as you fear, and not as easy as you hope. Realistically speaking, best way to go about trying to become a full time trader would be to start trading seriously right now. Continue your career, and build up your investments. Conservatively speaking, if everything goes right, you should be able to quit your job in 3-5 years.

Re: “Paper” Trading is Pointless

Franklin — Mon, 31 Dec 2007 23:28:06 -0000

Good question. I do believe that experience trumps education, any time, any day. That said, maybe, just maybe, it might be a wiser idea to experiment with someone else's money, rather than your own? Which is why you should get a job on Wall Street before you bet your life savings. Just my 2 cents, and to each his own, so what's good for me may not be the best thing for you...

Re: “Paper” Trading is Pointless

Franklin — Tue, 01 Jan 2008 09:43:00 -0000

Maybe you should read this - http://www.blogmaverick.com/2004/04/13/the-stoc...

Wall Street is desperate for people who know everything about a specific industry. You don't have to quit your field. You can leverage your knowledge and use it as a tool to exchange information and learn.

Re: Defining My 2008 Trading Goals and Resolutions

Franklin — Mon, 07 Jan 2008 11:53:29 -0000

Nice list. Hope you get there. And good luck with No.5. I gave up trying to get my wife in on the action because whenever I brought it up, the coversation would end up as a discussion on whether I should get a job...

Re: Have Blog, Will Blogroll!… Continued!

Franklin — Sun, 13 Jan 2008 22:54:21 -0000

Well, be nice if you can add http://www.money-rx.com/blog/ (title: Money-Rx Blog) to your blogroll. I try to keep it relevant and a good source of information, although sometimes I just let it rip. I'll do the same for you...I mean, add your blog to my blogroll.

Re: Have Blog, Will Blogroll!… Continued!

Franklin — Sun, 13 Jan 2008 23:10:28 -0000

And you are added to my blogroll. That was quick...Can't do much for you about the markets, but keep hacking away at your school. Hear nuclear engineers are in great demand.
http://www.businessweek.com/globalbiz/content/j...

Re: Alert: Valentine’s Day Thursday

Franklin — Sun, 10 Feb 2008 02:54:19 -0000

Having a wedding in a volatile market is probably the best thing you can do. Saves you the agony of having to explain why you bought Yahoo just before Microsoft bid for it and doubled the value. Hope you a nice wedding, and a good time. :)

Re: About

Franklin — Tue, 13 Nov 2007 10:03:41 -0000

Nice blog, Todd. Maybe needs quicker updates and more posting everyday, but definitely one of the better blogs dealing with real estate investments and mortgages.

Re: Sound Off! Promote Yourself through lenderama

Franklin — Sat, 15 Dec 2007 02:25:54 -0000

Great site, Todd. And thank you for the link. I'd like to contribute more to this blog, in addition to posting comments. Have sent you an email with details. Thanks again.

Re: I don’t care if the Government was listening to me or not. It’s just great to see they got something right.

Franklin — Wed, 26 Dec 2007 22:36:07 -0000

Definitely going in the right direction now. This bill, along with corrective measures by the FED, Treasury and big banks like Citi and HSBC will surely help to avoid a major recession in 2008. I have a strong feeling that the subprime crisis is going to start fading soon. At least, I hope so...

Re: I was busy in 2007

Franklin — Fri, 28 Dec 2007 22:48:42 -0000

It's sweet that you love your mother so, and mention it. All the more credit to you. As for the burger king part..Maybe it's a good thing too...A bit of real world experience wouldn't hurt those who write about foreclosures and subprime mortgages, but don't know squat about it...

Re: Mortgage Market Update

Franklin — Mon, 31 Dec 2007 23:22:02 -0000

Sure 2008 is going to start with a bang. You know what triggers of an extended downturn? New bad news piling up before the effect of the previous news wears of. The Bhutto killing did create jitters, but it would have been a lot worse, if it had been combined with something really bad from the domestic market.

Re: 2008 Presidential election coverage on real estate blogs? No thanks.

Franklin — Fri, 04 Jan 2008 02:21:22 -0000

True that. Niche focused blogs which stick on topic are more successful. That said, I miss the old forum format, where you had multiple sub-forums for different topics. I mean, we're all humans, and we have differeing opinions on different subjects, which we want to discuss. Afraid the blog has killed that aspect of online interaction which i used to enjoy.

Re: I survived the 2007 sub prime debacle

Franklin — Sat, 05 Jan 2008 00:13:26 -0000

You might want to hold off on publishing that card, just in case it should say 2008 instead of 2007....

Re: Working Weekends

Franklin — Mon, 07 Jan 2008 11:38:50 -0000

I know I work on weekends, if only to respond to messages and keep things flowing. It inspires confidence in customers when they can find you willing to talk to them on a weekend.

Re: Recession in 2008?

Franklin — Wed, 09 Jan 2008 08:57:33 -0000

Isn't going to be a recession in 2008, is what I think. Foreclosures alone can in no way trigger it. Only way it can happen is if financial stocks and big banks crash as a result of subprime tainted writeoffs. I think that's all over and done with, to a major degree. Besides, the treasury and the Bush Administration are working on an economic stimulus package, just in case things start going south. Even if it does happen, it'll happen only when the tax cuts expire in 2010 and 2011.

Re: Countdown to Bernanke

Franklin — Thu, 10 Jan 2008 22:29:31 -0000

The effects of the rate cuts do have deminishing returns. I think the markets have realised by now that rate cuts aren't going to solve anything. My 2 cents says that Bernanke's rate cuts are virtually useless by now, in terms of market sentiment, so he might be well advised to keep his powder dry.

Re: see….we’re going to make it.

Franklin — Sat, 12 Jan 2008 12:10:05 -0000

You are likely going to win your bet, Diane, because the upbeat trend started just before Christmas, and insiders seems to be confident about the future, regardless of more writeoffs or recession panic. All signs point to a flood of investment coming in.

Re: You Might Be A Short Sale

Franklin — Mon, 14 Jan 2008 10:41:16 -0000

Meeting mortgage payments with credit cards hits right home. That is what is happening since equity is no longer an option...

Re: Mortgage Market Update

Franklin — Mon, 14 Jan 2008 23:55:30 -0000

Previously, if the FED were to announce rate cuts, the markets would rebound and bonds would go down...Now, if Bernanke says he favors rate cuts, we take it as a sign that he's worried about recession, and bonds will go up? This is a wierd market.

Re: The New F Word

Franklin — Wed, 16 Jan 2008 21:17:33 -0000

And secondly, freezing rates and forcing lenders to comply with additional regulation or scrutiny is in no way going to help the credit crisis. If anything, it'll make the situation even worse, as lenders tighten up some more and investors see even less incentive.

Re: One way or another, most foreclosures are investment properties.

Franklin — Fri, 18 Jan 2008 00:20:37 -0000

Forgive my ignorance, but if a big percentage of foreclosures was for investment properties, instead of actual home owners who couldn't ante up the mortgage payments, I'd say that was a good thing, comparatively speaking, in the sense that it means less people in dire trouble. Or is that wrong?

Re: Mortgage Market Update

Franklin — Wed, 23 Jan 2008 02:56:00 -0000

Well, the FED cut rates by 75 basis points, and true that stocks will climb a bit after all the panic and bonds will drop. Qualifier: Personally, I don't see a need for all the panic, except for the talking heads predicting a big recession, but who knows...

Re: Better know what you are doing

Franklin — Wed, 23 Jan 2008 20:35:33 -0000

A bit scary, actually. There must be some disclosure terms being breached here, which the couple can file suit over, I hope. You can't expect someone to forget 40k+ just like that.

Re: blogging and anger

Franklin — Sun, 27 Jan 2008 21:00:09 -0000

Admirable intentions, Diane, and excellent comments. My 2 cents says that there's no crime when there's a cop on the beat. Bad people won't do bad things if they know they're being wtached. That calls for transparency and monitoring. Trace is absolutely correct that raising the bar would significantly reduce bad things being done by bad people.

Re: Mortgage Market Update

Franklin — Tue, 29 Jan 2008 06:55:23 -0000

At this point, I'd say the biggest worry is deflation. When oil prices start dropping on fears of a US recession and reduced consumption, that is one real wakeup call. Tough days ahead.

Re: Fed Rate Cut: Too Much or Too Little?

Franklin — Thu, 31 Jan 2008 07:39:30 -0000

Sorry for the late response, but I just bumped into this post, and it's still as relevant today, if not more relevant. Word on the street is that the FED is willing to take the rates all the way down to 1%, if necessary. Wonder if anybody really knows the inflation blowback from such a deep committment to rate cuts...

Re: Now It’s Getting Personal

Franklin — Fri, 01 Feb 2008 05:11:21 -0000

Personal it is, and it hurts even more when billionare CEO's create the mess and then ordinary people are left holding the bag. Let's hope we don't see a really bad fallout like Enron.