New York crude struck a record high of $119.93 dollars on Monday. It is at times like these that people cite supply and demand as the driving factor for oil prices. These same people very often neglect to consider the buying power of the dollar, which is a major influence of the prices we see.
Since 2000, and the days of $28 oil, the commodity has multiplied more than four times in value. However, the price of oil hasn't actually gone up quite that much globally, but rather the currency which we Americans use to purchase oil has dropped in value.
If you were to go back in time to 2000, to buy some of that good old $28 oil, using today's US dollar that same barrel of crude would cost you over $40.
If the US dollar, in a single instant... Click to read the full article
Penny stock trading has evolved dramatically in the last few years.
For the first time, people are recognizing that there are smaller companies with tremendous upside potential. Many shares trade in penny territory not because they are bad investments, but because they are just smaller or undiscovered.
Finding these inexpensive shares before they get noticed by the rest of the world is the single-most profitable trading method available to the common man.
It is really quite a simple process... Click to read the full article
The more you diversify, the closer your returns come to the overall market average. This is as true for penny stocks as any other investment vehicle. Buy a little of everything, and you get what everybody is getting.
The problem with 'what everybody is getting' is that it is not life-changing, not exciting, and not going to produce any tangible result from your investment efforts. Go ahead, make 7% on your money for the next three years, and tell me how it all works out for you.
I would rather pass on diversification. I practice something different with my personal penny stock investments, something that is quite opposite actually. I call my methodology, 'Pinpoint Investing.'
Simply put, I will... Click to read the full article
For other articles by Peter Leeds, visit eZine.