Leading Rich

Guide to Money, Investing and Personal Finance

Archive for the 'Economy' Category

18 Mar

Mid Week Update March 18, 2008 - Bear Sterns Sold for $2, Federal Reserve Largest Mortgage Holder, Fed Reduces Rates

It has been a few days since I updated Leading Rich, but I am sure you have heard the latest and if you missed it, here it is again.
Bear Sterns stock price was nearly $160 per share last year, it was trading at $58 on Thursday March 13 then fell to $30 on Friday March […]

13 Mar

SSDI Income is Eligible for 2008 Stimulus Tax Rebate - 1040A is Required - SSI Not Eligible

Many questions have come into LeadingRich.com about the eligibility of SSDI income for the 2008 economic stimulus tax payment.
According to the IRS, “Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment.”
But SSDI - Social Security Disability Income is not mentioned specifically.  The IRS says “Social Security retirement or […]

05 Mar

Warren Buffet - Richest Man In The World

Forbes has release the latest listing of the Worlds Richest Men and the man on top is Warren Buffet. It was once hip to be in technology and be able to take over the world. Given the recent economic events, it now makes sense to own real assets such as Insurance Companies, Clothing Manufacturer, Jewelry […]

04 Mar

Prices of Commodaties Point to Inflation - Gold, Oil, Wheat At All Time Highes

Prices for Gold, Oil, Wheat keep on going higher.  Here is a great story from BloggingStocks.com on why you can’t miss Gold in your portfolio during this inflationary time.
I would add that you could also put Oil into the mix, but you cant put Oil under your mattress.  But more people are likely to cut […]

04 Mar

Bernanke Tells Lenders to Write Down Loans

This morning Federal Reserve Chief speaking to a group of Bankers in Orlando Florida.
As reported by Yahoo.com Business News
“This situation calls for a vigorous response,” Bernanke said in a speech to a banking group meeting in Orlando, Fla.
Even with some relief efforts under way by industry and government, foreclosures and late payments on home    […]

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