Hot Penny Stocks

So, two of the big Aussie banks have reported big profits. Not surprisingly, the share price for each stock received a nice kick-along.  Commonwealth Bank of Australia [ASX: CBA] has added over $3 since the profit announcement, helping push the share price close to the April 2010 high: Source: CMC Markets Stockbroking A half-year net [...]

More annoying banter from your editor to the ASX: “So when can we expect the ASX to make an announcement on this? “I’m sorry, but this is a no-brainer. As I say, the ASX’s own website states: Timely disclosure must be made of information which may affect security values or influence investment decisions, and information [...]

Is it ANZ Bank’s [ASX: ANZ] turn to “do a NAB”? According to the grapevine, both ANZ online banking and the ANZ owned E*Trade broking platform have both been offline this morning. Is it another case of another Aussie bank suffering liquidity problems? Or is it just another glitch in the system. The Money Morning [...]

Some mornings your editor sits at our desk not knowing what to write to you about – could you guess?
Other mornings our story cup is overflowing with, erm, story coffee…
Anyway, today is one of those “Other” mornings.
We’ve got so much to write we’re not sure whether to just fight one of them individually, or attack [...]

In the United States there’s an ‘End the Fed’ movement. It’s a group of people who as a minimum would like to see the Federal Reserve audited, but at best would like the whole darn thing abolished.
It’s gained quite a following among those who believe in ‘Sound Money’ rather than fake paper or plastic [...]

We’ve all thought it. Actually, we’ve all said it. And now there’s proof.
We’re referring to the widely held belief that newspapers are editorially biased towards spruiking for the property market. It’s fairly obvious really.
You only have to pick up the Saturday edition of The Age newspaper with its three real estate sections [...]

Some days it feels as though we have Nostradamus-like predicting abilities.
[Reader spits coffee across breakfast bench]
Anyway, yesterday we promised to follow up with our ‘friends’ at the Commonwealth Bank [ASX: CBA] to find out what ‘Investment Experience’ means.
You’ll recall that bullet point five of the CBA’s profit upgrade announcement stated:
“Improving equity markets, contributing to a [...]

Buy gold – tick
Sell Australian Dollar and buy Japanese Yen – tick
Put options on Westfield Group – [screech!]
According to Richard F on the Money Morning blog, he has a much better idea than the Westfield trade:
“How about shorting RP Data – (ASX: RPX).”
Now that would be just spiteful wouldn’t it! It’s a thought though. [...]

Your editor is on a double shift today. We’re switching between writing today’s Money Morning and filling in for Dan Denning at Daily Reckoning.
Over at Daily Reckoning we gave the Climate Change ‘tree’ a bit of shake. You can check out what we had to say later on today after our webgeeks post [...]

Bank fees can be very confusing. With several banking products available in the market, and with different terminologies used to describe the nature of the fees charged on these accounts, it is no wonder consumers often get confused or lose track of the fees they are paying. A simple understanding of when and where you [...]