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Evil money evil credit

Evil money evil credit by Alton J. Jones

The author is in expert on how to get good credit. He writes from his own experience how personal finance and life skills mismanagement can be perilous. And how being overextended with credit debt can be hell, and how living on credit can possibly ruin your future. He tells the reader how building and maintaining good credit is important, and gives tips to dramatically enhance your individual credit performance.
Book is easy to read, and is a must for high school students before they get out into the real world.

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Polaroind was founded in in 1937, and made a variety of optical related products. But it was in the 1940’s when Polaroid introduced the Land camera, that Polaroid really took off.
Polaroid became part of the Nifty Fifty. The Nifty Fifty were considered “one-decision” stocks because investors were told they could buy and hold forever. It included companies such as IBM, Coka Cola, GE, and Xerox. Polaroid was considered to be one of the most prosperous of the bunch.
Polaroid’s stock symbol was PRD and was trading in $60’s in 1997. Later in became an over the counter stock (PRDCQ) and was trading for less than 10 cents a share in 2001.
In 2001, Polaroid operations were taken over by Polaroid Holding Company (PHC). In 2005, PHC was aquired by Petters Group Worldwide. Flextronics bought the Polaroid manufacturing operations.
Today, the Polaroid that used to be one of the most innovative companies around, is not much more than a name.
And I think this is where Kodak is headed, though they are dragging it out. They sure don’t seem to be doing much to turn it around.

What will happen to Kodak? Kodak used to be a powerhouse. But they are quickly shrinking. I have many friends who work for Kodak, and I am always hearing horror stories about layoffs, and divisions being closed or sold.
When I got my first digital camera, I told my wife that film would be going away, and everything would be going to digital. My disagreed, and said people would be using film for a long time. But I saw the writing on the wall. I saw how many pictures I could take with a digital camera. Film was just cost prohibitive. If I went on vacation, I could take hundreds of digital photos, but the cost of film and especially developing would kill me with a film camera. The cost of digital prints is dropping making them that much more attractive. Now instead of just getting a small number of pictures printed, I can get a hundred prints for a reasonable price.
Kodak seemed to drag their feet into the digital market. Arrogance made them believe that Silver-Halide would always be around. Even my father-in-law a long time hobbyist photographer and user of Kodak film has made the switch to digital.
But stories coming out of Kodak are of projects just reaching the finish, and then being shut down. Executives swearing up and down that divisions wouldn’t be sold, only to have news announcements later that day that the divisions had been sold. I hear all of these stories about how there are managers there with no one left to manage.
They are constantly laying people off. Soon there won’t be many people left.
So what will happen to Kodak? What happened to Polaroid? I did a search for the stock symbol of Polaroid one day, and found several different symbols. None were current. From what I read, I seemed that Polaroid became a penny stock before being sucked up by some other company. Polaroid seems to be a name only. My first digital camera was made by HP. I saw the same exact camera labelled with the Polaroid name, but priced just a little more expensive. I have’t even seem that much lately. I expect Kodak to slowly shrink. Maybe they will be able to hold on doing something in digital prints. I wouldn’t invest any money in them, at least not while they are on the path they are on. It just seems like Kodak management is intent on running the company into the ground.

Emerging markets are something that should be in everyones investment portfolio. Emerging markets are developing countries that are starting to emerge into the global market. These countries will have low average household income when compared to developed countries. They will also have functioning stock exchanges.
One of the reasons to invest in emerging markets is the potential for rapid growth. But they are also higher risk. So one of the best ways to invest in emerging markets is buying an emerging market fund. My own investment choice is EEM. EEM is an exchange traded fund from iShares that invests in emerging markets. It has been one of the better performers in my Roth IRA.
By buying a fund, your investment dollars are spread over a variety if emerging market investments. This helps minimize the risk by diversification. So if one part of the investment turns bad, it doesn’t wipe out the whole thing.

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