Critique of Federal Reserve Podcast

I reviewed monica and sharons podcast. I really liked how they setup the whole thing. It was very planned out. It's a different type of theme. The podcast is very educational. It thoroughly talks about the Federal Reserve system. The pictures matched perfectly with the content of the podcast and it was interesting how the "students" asked the "teacher" questions. They were the kind of questions I would have liked to ask =P At times, Ms.Fields seemed kind of lost because she got stuck and repeated words but it was still pretty good. They were both loud enough to be heard. I liked towards the ending when someone was about to ask a question and she interrupted. It was pretty cute and kind of funny. Well, overall the podcast was educational and interesting for it's listeners.

Compound Interest and the rule of 72

We learned about compound interest today. It is basically the amount of money you make over the years depending on the amount of interest the company makes. Over the years your deposit increases with the interest itself. For example, if you initially deposit $100 and the interest rate of the company is 10% in a year then you money will increase to $110 in the next year. The third year your money will increase with the interest amount earned together. Therefore in the third year you would make 10% of $110, which is $121. The more years you keep your deposit in the company, the more you gain. The ruile of 72 says that in order to find the number of years requires to double your mo ney at a given rate, you can just divide the interst rate into 72. For example, if you want to know how long it will take to double your money at 8% interst, you just simply divide 8 into 72 and you get 9 years. BUT this rule only works if the percentage is less than 20%.

Stock Market Game - 1 - Initial Investment Strategy

My intial strategy for this game was to buy penny stocks. There incline and decline very fast. I wanted to find as many penny stocks as I could because it would make a rapid change. I believe the more risks you take, the more you are likely to win at this game. My first plan was to buy googl;e stocks because google is at its all time best right now. Google seems to be taking over thee world. Now I just hope all this doesn't go down too much!! Buy everything and let's hope for the best =]

Insider Trading Scandal - What Happened?

The insider trading scandle was uncovered on thursday. A group of current and former employees of U.S. top banks were charged for insider trading since the 1980s and accused of using leaked information and even blackmail to make millions of dollars. The case involves over a dozen people and four major Wall Street investment banks. Over 15 million U.S dollars were made as profit over a 4-year period. About 8 million dollars were found from the accused. Insider tips, kickbacks, blackmail, disposable cell phones, secret codes and clandestine meetings were all part of the plot. In all, 13 people have been arrested in the criminal case. The SEC brought civil charges against 11 individuals and three entities. Many were pleaded guilty. This is one of the biggest wall street scandals since the 1980's.