Weekend Reads: Six Figure Income, No Savings

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These rigs, once famously labeled the “new Ferraris” of the oil world, are no ordinary ships. Carrying a price tag of about $500 million a piece, they are loaded bow to stern with sophisticated, and very heavy, gadgetry.

At $500 Million A Pop, It’s An Oil Gamble That Has No Precedent – (Rig Zone)

 

Alternative investments can deliver that holy grail of higher risk-adjusted returns if chosen carefully and in prudent allocations. But if done poorly, alternative investments can just as easily take a wrecking ball to a portfolio and destroy years’ worth of gains.

Alternative Investments Gone Wrong: The Story Of The Dallas Police Pension Plan – (Forbes)

 

“When trends switch, they have a short term model and can pick that up. When there are risk reversals, these guys are making money,” said Connors. “Does that work every time? No it doesn’t.”

Popular Quant Hedge Fund Strategy Is Suddenly Doing Terribly – (Bloomberg)

 

Close to half of those who earn from $100,000 to $149,999 a year have less than $1,000 in their savings accounts. Some 18 percent of them have socked away absolutely nothing.

Make Six Figures? There’s a Decent Chance You’ve Got Almost Nothing in the Bank – (Bloomberg)

 

About 6,000 former BBY clients have potential claims totalling $61 million. KPMG expects a shortfall of more than $23 million.

More details have emerged on how a psychic advised failed stockbroker BBY – (Business Insider)

 

“They ruined my life,” Bill Bado, a former Wells Fargo banker in Pennsylvania, told CNNMoney.

I called the Wells Fargo ethics line and was fired – (CNN Money)

 

“We may be at a new high in hedge fund push back/criticism.”

When There’s Blood in the Streets —  (RCM’s Attain Alternatives Blog

 

Chicago:

The Damen Blue Line stop is 5% cheaper than Division; the Chicago Red Line stop is $340 cheaper than the nearby Chicago Brown/Purple Line stop

Map Shows Reasonable Chicago Rent & Decent Commute Are An Impossible Combination – (Chicagoist)

 

Chicago has beat out New York in this year’s Bicycling magazine ranking of the most bike-friendly cities in the United States, meeting an ambitious goal the mayor set in 2011.

Chicago Is Finally Named The Most Bike Friendly City In The U.S. –(Chicagoist)

 

As these students walked through streets plagued by gang violence, they were joined by 1,300 security guards in yellow vests stationed along predefined routes in the city’s most dangerous neighbourhoods.

Chicago Schools – Safe Passage – (The Economist)

 

Just for Fun:

I’m writing because I have a request: Please stop calling us “the media.”

Dear readers: Please stop calling us ‘the media.’ There is no such thing. – (Washington Post)

 

“A new report describes rampant seafood mislabeling worldwide. Recent EU regulations may be working. Will the U.S. follow suit?”

There’s Some Fishy Business in the Global Fish Business – (Scientific American)

 

“To that end, we’ve put together 22 maps that explain various economic, social, demographic, and linguistic aspects of the United States of America. Check them out”

22 maps that explain America – (Business Insider)     

     

State votes for president since 1968 – (Interactive AP)

 

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Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.

Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.

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