Andrew is MONEY GIRL!

April 29, 2008

Okay… so I am getting in touch with my financial femininity. Any problem with that? :-)

Seriously, if you are familiar with podcasts, then you have undoubtedly heard of Grammar Girl. Mignon Fogarty is the grammatically correct host of one of the web’s top podcasts, is a best selling author and heads-up of one of the fastest growing podcasting properties. Mignon is also the founder/creator of Quick and Dirty Tips and produces several very popular short-format podcasts.

The shows cover the gamut of topics, all with the unified goal of providing listeners useful and actionable ideas to help enhance their personal and business lives.

Even though I tremble with punctuational-fear each time I write her, over the last several months, Mignon and I have become good friends. Recently, she asked if Read more

TDI Episode 54: Chipotle, Sushi and Pot

April 27, 2008

Guests: Greg Ip, WSJ and Jon Markman of MSN Money look for answers to many of the questions investors are asking: What will the Fed do? Will food costs continue to rise? Recession? Markets? Best strategies for profits in difficult market conditions. $85 for sushi for 3? – Greg provides Andrew with a savvy solution…


Gregory Ip is a senior special writer for The Wall Street Journal, based in Washington. He covers the Federal Reserve, the economy, financial markets and economic policy.

Prior to assuming his current assignment in January 2001, Mr. Ip had covered the financial markets for the Journal’s Money & Investing section in New York since November 1996 when he joined the paper as a reporter in the New York bureau. He was named a senior special writer in October 2000. Read more


MarketMash: Bloggin’ for Money

April 27, 2008

Our friend Brian Shannon over at ALPHATRENDS is having a bit of trouble with Big Brother. It seems that Google has shut down his website as one of their robots deemed it to be a spam site. I recall something like this happening in a movie once…Remember?

It was some time the future and John Conner was running from The Terminator. Robots had taken over the world and their job was to exterminate all life-forms. Good news it is not that bad yet here, but until it gets sorted out, visit Brian at

If you were ever concerned about the salt content of your food, a new report outs the top 20 saltiest foods and the restaurants that serve them. If you have a palate for Macaroni Grill, and you have a blood pressure problem, now you will know why. Not only did their dishes have high salt count, but they had 3 of the top 20! MSNBC reports.

Wikinvest is really coming along nicely. Checkout some of the recent Read more

TDI Book Reviews: Amazon and More

April 25, 2008

The Disciplined Investor – Book Reviews… Thank You, Thank You! I appreciate the kind words and glad to hear from so many of you that the Investment Disciplines are helping you profit and/or stay out of trouble. Here are a few reviews and comments from this week:

5.0 out of 5 stars5.0 out of 5 stars Great Book!, April 25, 2008 By P. Parker – See all my reviews Great Book! I was very impressed by how the author has so much knowledge about the topics he addresses and his conservative approach. He advises correctly about risk as well as having a balanced portfolio. The podcast is excellent as well. Definitely recommend this book. Help other customers find the most helpful reviews.

5.0 out of 5 stars5.0 out of 5 stars An Excellent Baseline for Any Investor, April 22, 2008 By J. Judd I’ve dabbled off and on w. investing, but didn’t really focus my efforts until recently. I found Andrew’s podcast, and his incessant plug for his book, and finally took the plunge.

Andrew provides a clear, focused path for anyone on any income level to take investment decision making into their own hands. Further, the candor displayed, both in the book, and with the podcast/website gives me hope that a cadre of “disciplined investors” will be created.

This could encourage more people like Andrew to reach out and provide an alternative path for everyone to “see things with both eyes open” and allow them to take their financial future “to the next level”. The world needs more people like this to counter the madness that “makes” (and breaks) markets. Keep up the great work, Andrew. And don’t stop… Ever.

From TraderFeed (Brett Steenbarger) Read more

American Express (AXP): False Sense of Security?

April 25, 2008

It is no secret that I am no big fan of the bank and financial sector, particularly the consumer credit divisions. The numbers out from American Express Company (NYSE:AXP), show that during Q1 they saw a 6% decrease related to credit card losses and reported a significant increase in total spending and credit usage by customers. So essentially, they are lending more money during a time when they are seeing a higher level of delinquencies and defaults. (Scratching head…) Worldwide
April 24 (Bloomberg) — American Express Co., the biggest U.S. credit-card lender, reported first-quarter profit that beat analysts’ estimates as income rose overseas. The company climbed more than 4 percent in extended New York trading.

Net income from continuing operations at the New York-based company declined 11 percent to $974 million, or 84 cents a share, American Express said today in a statement. That’s 4 cents better than the average estimate of 17 analysts surveyed by Bloomberg.

American Express, Capital One Financial Corp. and Discover Financial Services shares have dropped more than 25 percent in the past year on concerns rising U.S. unemployment will hurt consumers’ ability to repay debts. The damage at American Express was cushioned by a 30 percent rise in overseas profit to $133 million as customers spent and borrowed more.

The biggest dislocation I see is still in the future outlook as compared to the stock price for many of the constituents within the banking sector. With all of the downgrades along with the fact that we are seeing a historic rise in defaults, what is it that I am not seeing? BEFORE you answer that, whatever you do, don’t tell me that the worst has been priced already as that is not possible. There has got to be something else as there are reports, predictions and further “shoes” to drop from eco-space.

Chart Courtesy of E-Trade: 1 Year AXP:

Disclosure: Horowitz & Company clients do not hold positions is AXP as of the publish date.

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