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review 2017-04-09 05:52
The Widow of Wall Street
The Widow of Wall Street: A Novel - Randy Susan Meyers

By:  Randy Susan Meyers

ISBN: 9781501131349

Publisher:  Atria Books

Publication Date: 4/11/2017 

Format:  Hardcover

My Rating: 5 Stars 

 

Randy Susan Myers returns following Accidents of Marriage (2014) with her latest riveting domestic suspense, THE WIDOW OF WALL STREET bold and edgy an inside look at betrayal in a marriage.

The blind love, lies, dark secrets; the unraveling, devastation, and the need to rebuild a life after the fallout of Wall Street and a fraudulent husband's Ponzi scheme. Was the wife living in denial?

Phoebe and Jake met when they were teens. Jake and Phoebe come from different backgrounds. Jake is obsessed with money and success. He wants and needs a different future than his childhood. He thinks this will earn him the respect he craves.

Phoebe makes a wrong decision, leading her to guilt and loyalty to Jake. They marry, despite her overbearing mom’s warning.

He soon excels and opens a brokerage house. Things go well. However, soon greed, power, and money get in the way. He is dishonest. He thinks it is temporary. He has a private fund. A Ponzi scheme. A crime soon to be uncovered. The time bomb. Fraud.

Phoebe is blind to it all. The money is flowing – wealth, prestige, homes, and power,

Starting from Nov 2009, we learn Jake is now in prison. They have lost everything. Phoebe takes a Greyhound bus to the upstate NY correctional prison. She despises him. He still has her under his thumb, worrying about what she is wearing and appearances. He still has not acknowledged his part in the disaster.

However, Phoebe is struggling. She has taken her husband’s side over her children, causing a huge strain. Her children are strangers to her now. She must face Jake’s crime. The wife of a demon.

Her entire marriage had been a battle against being known only as Jake’s wife—now she feared the battle could be over for good. She had become a widow to a living man and a childless mother.

How did they get to this place? People wondered if she knew. Was she this naïve? She trusted this man. Her life is shattered. How many people has he fooled? A monster.

The author takes us back to the early days to the 1960s, where we hear from two points of view: Phoebe and Jake. The roller coaster ride from mansions, and wealth to prison.

When yet another tragedy occurs, Phoebe is forced to make a decision. She has to cut Jake free, even though he felt he could straddle the world on other’s people’s legs. Love and loss. Survival. He had squandered and cheated people and fooled millionaires, and lessons never learned.

Can Phoebe survive this disaster and come out whole once again? A different person perhaps?

The author does an outstanding job with the couple's journey from both perspectives. What a ride. The dark secrets of a husband and his scheming. A financial empire crumbling. The betrayal. From domestic suspense to psychological.

If you enjoyed the Madoff miniseries, (good), assured to find THE WIDOW OF WALL STREET engaging. Of course, in Palm Beach we hear his name often; however, Trump has taken over the spotlight here on the island.

Randy Susan Myers tackles highly charged topics, telling deeply personal stories of women. Their complexities, fear, pride and despair are woven brilliantly into the absorbing narrative.

Fans of Jodi Picoult, Diane Chamberlain, (A Stolen Marriage) Kimberly S. Belle (The Marriage Lie) and Liane Moriarty (Big Little Lies) will appreciate the complex relationships and the emotional inner lives of women in crisis.

Read the backstory.

A special thank you to Atria and NetGalley for an early reading copy.

JDCMustReadBooks

Source: www.judithdcollinsconsulting.com/single-post/2016/09/01/The-Widow-of-Wall-Street
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text 2015-01-23 05:37
Rally May Continue For Indonesia Stock Market

RTT News - The Indonesia stock market has finished higher in back-to-back sessions, gathering almost 20 points or 0.4 percent along the way. The Jakarta composite Index settled just above the 5,165-point plateau and the market may inch higher again on Wednesday.

 

The global forecast for the Asian markets is positive, thanks to stabilization in the price of oil, as well as bargain hunting. The European and U.S. markets were higher, and the Asian markets are tipped to open in the green.

 

The JCI finished slightly higher on Tuesday following mixed performances from the financial shares and resource stocks.

 

For the day, the index gained 14.00 points or 0.27 percent to finish at the daily high of 5,166.09 after trading as low as 5,121.81. Volume was 5.99 billion shares worth 6.27 trillion rupiah.

 

Among the actives, Aneka Tambang added 0.48 percent, while Bank Central Asia collected 0.19 percent, Bank Negara Indonesia shed 1.26 percent, Bank Danamon Indonesia climbed 0.98 percent, Bank Mandiri gained 0.23 percent, Bumi Resources tumbled 4.67 percent, Energi Mega Persada lost 0.97 percent and XL Axiata fell 0.85 percent.

 

The lead from Wall Street is cautiously optimistic as stocks bounced back and forth across the unchanged line before ending the day in positive territory.

 

The Dow inched up 3.66 points or less than a tenth of a percent to 17,515.23, while the NASDAQ rose 20.46 points or 0.4 percent to 4,654.85 and the S&P 500 edged up 3.13 points or 0.2 percent to 2,022.55.

 

The volatility came as traders expressed uncertainty ahead of European Central Bank's monetary policy announcement on Thursday. Many expect the ECB to expand its quantitative easing program, particularly after last week's surprise move by the Swiss National Bank.

 

Some negative sentiment was generated by a sharp pullback by the price of crude oil, as crude for March delivery tumbled $2.66 to $46.47 a barrel.

 

Ongoing concerns about the global economy weighed on the price of crude oil following news that the International Monetary Fund downgraded its global growth outlook.

 

Meanwhile, the National Association of Home Builders reported a modest drop in U.S. home builder confidence in January.

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text 2014-11-05 08:32
Bradley Associates News Blog Information on Stock Market: Is it Going to Collapse by 50%?

The world has become so dangerous that apparently nothing seems to be able to rattle us out of our cozy existence, whether we live in a developed nation or not. Natural calamities visit the poor as well as the rich nations, for one thing. And the economic crisis affects every person somehow, whether he or she is the richest person or the most destitute of all – the former constantly fears losing money in a financial crash while the latter of finally starving to death one day with many others in the same dire state.

 

But is a 50% collapse of the stock market equivalent to the death of our way of life or, even close to a literal death for those who depend on it as their source of living? One does not have to be so poor to fear losing one’s entire livelihood or all of one’s wealth.

 

But according to several reputable experts, it is only a matter of time before the stock market plunges by 50% or more. “We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge-fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it.”

 

And Spitznagel, unfortunately, is not the only one saying that.

 

Marc Faber, a Swiss adviser and fund manager, warns that “we are in a gigantic financial asset bubble” which “could burst any day.” And Faber blames President Obama’s big-government policies and the Federal Reserve’s risk-prone low-rate policies, which, he says, “penalize the income earners, the savers who save, your parents — why should your parents be forced to speculate in stocks and in real estate and everything under the sun?”

 

Likewise, billion-dollar investor Warren Buffett is allegedly also foreseeing a crash. The “Warren Buffett Indicator,” referred to also the “Total Market Cap to GDP Ratio,” is breaking the limits of sell-alert conditions, predicting an imminent collapse soon.

 

Under the circumstances, what should one do? Either one sells and keep the money stashed away or risk it all.

 

But Sean Hyman, founder of Absolute Profits, proposes another option.

 

“There are specific sectors of the market that are all but guaranteed to perform well during the next few months,” Hyman explains. “Getting out of stocks now could be costly.”

 

Follow Us here

 

What makes Hyman so confident?

 

He is supposedly privy to a secret Wall Street calendar that has beaten the overall market by 250% since 1968. This calendar contains a list of 19 investments (based on sectors of the market) and 38 dates when to buy or sell them, allowing anyone to convert $1,000 into as much as $178,000 in two decades.

 

In a video clip, Sean Hyman revealed the existence of this Wall Street calendar. (Sean Hyman Reveals His Secret Wall Street Calendar in This Controversial Video, Click Here.) He uses this calendar as part of his overall investment system.

 

“I have also designed a Crash Alert System that is designed to warn investors before a major correction as well,” Hyman adds. He says that if the market begins to dip, the Crash Alert System will send a warning for investors to sell.

 

The investment tool would have helped anyone avoid the 2000 and 2008 collapses and back-testing has proven the system to be effective, according to Hyman. Anyone would have made tons of money by simply avoiding those horrendous sell-offs.

 

Looks like Hyman wears bright-colored glasses through the coming financial storm. Yet, his record for predicting stock market movements is stellar, earning him the trust of thousands of subscribers to his monthly newsletters and millions of buyers of his investment videos.

 

Continue to blog…

Source: bradley-associates.info/2014/11/04/bradley-associates-news-blog-information-stock-market-going-collapse-50
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review 2014-05-16 22:00
Investment Assistance
The Stock Market is Predictable: Exploit Proven Seasonal Patterns for Higher Returns - Francis Yee

Reviewed for Readers' Favorite.

 

Readers will be happy to learn from Francis Yee, in The Stock Market is Predicable, basics that will assist them in making their investments. Written with an eye particularly toward those with funds in 401(k) plans, IRAs, Keoghs and the like, Yee successfully makes the market and investments understandable to the newbie investor.  He sets forth the basics of different investment vehicles, paying particular attention to mutual funds and also of the cost to invest in different kinds of vehicles. Then Yee discusses the importance of some basic tax law. Once done, he summarizes predicable, seasonal market influences.

 

In The Stock Market is Predictable, readers will learn of the importance of researching the stocks and funds in which they might invest to learn primarily of their management, goods, and market placement. Francis Yee then explains stock market patterns and in particular what he dubs the Winter Pattern and the Summer Pattern. Readers will learn the main causes of those patterns. They will also learn when and how to trade out their investments so as to maximize their profits by taking those patterns into account. While I have general knowledge of the different kinds of plans that hold funds for investing (such as 401(k) plans) as well as tax law, I genuinely appreciated learning Yee’s approach to maximizing investment earnings. Any reader looking for a helpful primer on investment strategy would do well to spend some time with The Stock Market is Predictable. If they do so, I predict their own earnings may increase.

 

Also posted at www.Oathtaker.com, Tweeted and Pinned.

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review 2014-04-20 14:17
A beginners guide to value investing
Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett the World's Most Famous Investor - Mary Buffett,David Clark

I just clicked on Mary Buffett's name on Goodreads and discovered that she is actually the author of quite a large number of books, and each of those books has the name 'Warren Buffett' somewhere in the title (though in reality there are only four books). To be honest with you I am not really sure who Mary Buffett is because she is not one of Warren's children, nor is she his ex-wife (who is dead, by the way) but from what I can remember when I read this book she is connected to him somehow (if not simply using his name to make it appear that she is connected with the self-made billionaire so as to sell more books).

What this book does is that it explores Warren Buffett's strategy of investing in companies that are undervalued, a term known as value investing, at a point in time when the company is going 'cheap': when the value of the shares in the company are significantly less than the actual value of the company. The problem is trying to work out whether a company is undervalued or not, and also having the spare capital to invest. Warren's strategy has worked for him, which is why he is now a billionaire, however we must remember that there was also a lot of luck and guess work on his side.

The issue that I had with this book was, well, first of all it suggested that I wanted to be a billionaire, which, well, I don't because, well, I really do not think that having lots of money is really going to make my life any better (though having money would be a benefit because it means that I could quit my job and then go back to university and self-fund my way through it, which at this stage I cannot). The other issue that I have with the book was the calculations that were being put forward, and these were using a term call 'future value' which is a vague figure at some point in the future which only comes about through predictions and speculations. My biggest issue with the market is that it tries to make concrete some future point that may not come about, yet people will hold onto those suppositions as if they were true.

There are a lot of theories that abound as to how the market works, and my theory is basically that it doesn't. In fact my theory is that the stock market is nothing more than a mathematical illusion that exists simply because we want to believe that it exists and is efficient because we want to believe that it is efficient. In fact, the whole basis of the market is that it exists on confidence, and if nobody had any confidence in the market then the whole system would collapse. In fact this has come about numerous times, and they usually end up with names like Black Friday, Black Tuesday, well, actually any day with the world black in front of it. The sad thing is that when a market (or even a particular stock) crashes in that way it is usually us poor sods that are left standing around holding our dicks in our hands as the wealthy elite run off with all of our money, and all that we are left with are a bunch of worthless pieces of paper.

That is all a share is, and in a way it is no longer even that, and that is a piece of paper that represents ownership in a company, (and also the right to vote at an annual general meeting). In the end if that company collapses in a heap of debt, then in that piece of paper (or the representation of that piece of paper) is absolutely worthless. However, the problem is that we need to prepare and we need to use our resources wisely, which means investing it in as many ways as possible, whether it be through a superfund, or directly as I tend to do it (because getting money out of a superfund, even when you are entitled to it, can be nigh impossible – just ask the guy that sits next to me at work).

Source: www.goodreads.com/review/show/187707455
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