* The topic of why leveraged ETFs should not be used for long-term investing has come up in the past before, and
I found a relevant article that I wanted to save here.* A comical but ultimately grim reminder of not letting one's feelings cloud our judgment when it comes to making rational trading decisions. Investing psychology chart.
* Note to self: Study OAKVX more in-depth later. ER obviously too expensive, but I think they've got the kind of thinking that I would like to help pick my own stocks.
* Not really investing-related, but this article really blew my mind.
"Last summer, Congress passed the Hope for Homeowners Act, setting aside $300 billion to help people refinance into more affordable mortgages. But the program has been a total flop.
When it was first introduced, the Congressional Budget Office estimated that the program could help 400,000 people keep their homes.
But more than six months after the program was launched, the Federal Housing Administration says only one homeowner has made it all the way through the government program and received the FHA guarantee. "
April 16th, 2009 at 04:33 pm 1239899609
Thanks for that chart! I just sent it to a couple people!