Oil at an all time high...

Oil is up, airline stocks are down huge. My friend then tells me, "Let's buy airline stocks, they're CHEAP!" And my response: "HELL NO!" Never buy airlines, don't waste your time doing the numbers, please just trust me on this one. Unless you are allergic to money and want nothing to do with it. Of course this theory does present a legitimate case for shorting opportunities, but that can be a dangerous ordeal. More to come on shorting later...

Recommended reading...

This book is very simple to read with concise, basic strategies for picking great long-term stocks. What I also like is Pat Dorsey's strategy is extremely similar to the Oracle of Omaha, Warren Buffett.

An immediate strategy that I picked up in the first few pages of the book was the need for long-term investing with a minimum amount of transactions:

One should buy stocks they intend to hold for a minimum of a year or more, since short-term taxes on capital gains is an extra 10% more, and that's not including the additional trading fees associated with selling and re-buying of the stock. Overtime, the additional expenses and transaction fees can significantly dent current and potential gains.

Yes, it is quite boring by doing so, but if you think about it....it makes a whole lot of sense!

I really believe this book is great for creating a solid foundation for beginners or as a refresher for experienced investors as well. Definite must-add to your collection!

BADGER BADGER BADGER!!!

Possibly the simplest, most addictive website ever (I have to view it at least once a day, don't ask why cause I don't know either!!!).

http://www.badgerbadgerbadger.com/

Bonus: Picture of someone having badgerbadgerbadger live at home! Minus the snake and mushroom. BUT there is a kitty!!!