Month: January 2012

Predicting the S&P 500 - January 2012 Edition

Don't Quit Your Day Job is a site which varies between many types of articles - Personal Finance, Politics, Investing, Economics, Random. One of those categories, Investing, has been given short shrift in order to make way for more articles in the other categories. Today we plant a stake; 'Investing' will now have a featured article monthly, where we'll use options to try to determine the outlook for the S&P 500 in the near future. Since this is the first article, let's discuss the method we will use to predict movement.

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The DQYDJ Weekender (Week of 1/23/12)

You're back reading the Weekender! Happy weekend!

Let's dig into the best articles of the week!

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Parsing the South Carolina Exit Polls! (Debates Matter! Ron Paul's Hand Strengthens!)

Well, Newt Gingrich took down previous favorite Mitt Romney in a shocker in South Carolina. What can we say about the upset? These exit poll posts will continue until morale improves!

You can read the cross-tabs here.

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Gambler's Fallacy: Zodiac Signs and Coin Flips

The Economist posted a not-so-interesting graph relating a year’s stock market returns to it’s Chinese Zodiac sign. I would imagine that a random number generator making up returns for clusters of numbers of years since 1900 and ranking the outcomes would produce a similar outcome... but let’s play devil’s advocate and see if there is something to be said from these numbers.

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How Did Mitt Romney Get a $20.7 Million IRA?

You've got an IRA, right? This site has been preaching the tax benefits of both traditional and Roth IRAs since the beginning... and we aren't going to stop now. So hopefully you've been diligently saving in your IRA, with the hope that some day you'll have a couple million dollars in there (or at least a good amount of funds you can tap in retirement).

Mitt Romney, it was revealed in financial disclosure documents, has an Individual Retirement Account worth somewhere between $20.7 and $101.6 million dollars. Note that IRAs have a small limit when compared to 401(k)s and other employer retirement accounts, so this came as somewhat of a shock to people with IRAs. How did Mr. Romney achieve such an impressive sum in his retirement account?

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The DQYDJ Weekender (Week of 1/16/12)

Can you ever forgive us for blacking out the site Wednesday? You can? Okay... then hopefully you'll forgive a bit more ranting on the issue in this edition of the Weekender (most of it way below the fold.)

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Another Salary by Major Chart! (For 2011 Graduates)

That didn't take long, did it?

I gave you this rambling post on college major salaries a few months back. Today I present to you a fresh perspective from the National Association of Colleges and Employers (pdf). It breaks down the categories a little bit differently, but now that we've got some hard 2011 data you know the DQYDJians demand a graph!

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The DQYDJ Weekender (Week of 1/9/12)

Welcome to the Weekender, the highlight of everyone's week! (And isn't that what really disappoints you during the week- the fact that DQYDJ is so far away from posting another Weekender?)

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Mitt Romney in a Landslide! Also, Ron Paul Just Drew Pocket Aces...

The late William F. Buckley, founder of the conservative-leaning political magazine National Review had a very famous quote when it came to the Republican primaries: vote for the most conservative candidate who can win. Add to that little piece of advice this oft-repeated maxim: "Democrats fall in love. Republicans fall in line." (popularized by Bill Clinton). Toss those two together and what do you get? New Hampshire Primary results... at least according to the exit polls! Let's dig in...

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How To Define 'Savings'

The issue of the declining savings rate in America has been mentioned as one of the ways in which the younger generations are falling behind economically. The credit crisis caused massive deleveraging in America which increased the savings rate, but most of it was due to consumers reducing debts and liabilities as opposed to building assets. There could be many causes of this, but to name one: in times of uncertainty, consumer tend to brace themselves for a more hazy future by building net worth as quickly as possible. A decrease in stock prices and home prices eliminated much of the buildup of household assets which needed to be counteracted by an increase in savings. Also, credit standards have tightened, which has further compounded the problem and increased the deleveraging among American households.

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Don't Quit Your Day Job...

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