If you've come here for tips on money management, this site is for you! I will give you stock tips and the strategies to deal with today's volatile market. Each day, I will give you market briefings and money making ideas. From stocks to bonds to selling that old Happy Meal toy on Ebay, I'll let you know the secrets that will help you weigh down that wallet of yours with green!
Here's a freebie:
This very minute, the Dow Jones Average is at 12,700. The recent Fed cut and news today that Microsoft (MSFT) wants to scoop up Yahoo (YHOO) for $30 a share has kept the market rolling along back on the upswing. This will not last! Non-farm payrolls went down 17,000 in January.
This is what I will be doing. I am watching for the market to break 13,000 within the next week. At that time, I will buy a stock called Ultrashort Dow30 ProShares (DXD). This stock is an ETF that moves at twice the inverse of the market. So, if the market shifts 5% one way, this stock shifts about 10% in the other way.
When the market shifts 20% downward, Ultrashort Dow30 ProShares will swing 40% upward!!!
Dollar Bill did not own any shares in any of the stocks he's mentioned at the time of publication.