Fee-Only Financial Planning in North Carolina

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Monthly Archives: May 2008

ABCs of new debt: CDOs & CDSs

You have been reading and hearing a lot about problems in the credit markets – in particular about credit default swaps and collateral debt obligations. Here is a primer on them. Credit Default Swaps (CDSs) are securities based on a relationship between 2 parties. One party commits to insuring the other party in the event of a bond default. In return for accepting the […] Read the rest of this entry »

Buy financial stocks now: NO

In general, value investors like Warren Buffet owe a lot to their success in making purchases when assets are under-valued. This happens when an industry or sector is pummeled due to events unique to their industry. Many are suggesting that this is such a time for financial service companies and that the recent slide in bank & brokerage stock prices means this is a […] Read the rest of this entry »