Just read the latest report from GE. I didn't know until now that GE was spinning off their finance division in the form of IPO Synchrony Financial. GE still owns 85% of Synchrony Financial (SYF) which it plans to spin off to shareholders later this year. Could be a good thing. I'm always happy to pick up a new stock through spin offs. Just have to wait and see how it all plays out.
Also read a prediction of a major collapse in the U.S. dollar. With such a run up in the national debt under the Obama administration, I wouldn't be surprised to see this happen. Hopefully it won't, but it would be a good idea to hedge against the possibility by putting some money in hard assets like real estate or gold. Unfortunately that is not possible for me right now, but I will be looking in to opening a savings account in Canada. Couldn't hurt...
Tuesday, March 31, 2015
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