What Happened on Black Tuesday

On Tuesday October 29th, 1929, Wall Street witnessed a 13% decline in the Dow Jones, an episode that became known in financial mythology as “Black Tuesday.” It is generally recognized that Black Tuesday was the beginning of the Great Depression. Between early September and the end of October 1929 the…

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Is Gold a Good Investment?

Date Cost Per Ounce January 1983 $510 February 1985 $282 December 1987 $500 February 1996 $414 September 1999 $253 December 2005 $515 September 2007 $700 August 2008 $879 1. Is gold a good long term investment?: No. If you are looking to invest long term, you better consider something that…

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What is Financial Analysis?

Financial analysis is the conversion of financial data into useful information for decision making. Therefore, virtually any use of financial statements or other financial data for some purpose is financial analysis and, essentially, is the primary focus of accounting and finance professionals. Financial analysis can be internal (e.g., decision analysis…

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What is Dollar Cost Averaging?

Dollar Cost Averaging  Explained Dollar cost averaging, also known as a constant dollar plan, is an investing technique that can help reduce market risk. A type of formula investing, dollar cost averaging entails adding a fixed amount of money on a regular schedule to an investment account, such as a…

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