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Brad Sims joins Cavaliers as Senior VP & CRO
Mike Maleski returns to team as VP of Digital Sales, Marketing & Operations
The Cleveland Cavaliers announced today that Brad Sims joins the organization as Senior Vice President and Chief Revenue Officer. Sims leaves his post at the NBA where he was Vice President, Team Business Development, Team Marketing and Business Operations (TMBO).
Sims will oversee growth areas in the Cavaliers organization’s entire multi-property business platform. In his new role, he will lead the Cavaliers’ Ticket Sales and Service area; Database Marketing and CRM Teams; Cavs and Quicken Loans Arena Suite Sales and Services; Corporate Partnerships; and Box Office and Ticket Operations. He’ll also work within those same areas for the AHL Lake Erie Monsters, NBA D-League Canton Charge and the AFL Cleveland Gladiators. He will also lead the Digital Sales and Marketing efforts organization-wide and will provide direction to casino sales efforts in concert with the Horseshoe Casino Cleveland team. Click here for the whole story
Wall Street: A Walk on the Wild Side, December 2011 by Emil Marino
If anyone remembers, my prior columns, they were titled ‘My Way on Wall Street’. Well, for everyone’s information, I lost my way on Wall Street when the stock market started to gyrate uncontrollably about a year ago. I believe my first, and last column on Wall Street was March 2011, when I suggested only one kind of investment; Rogers International Commodity Index Fund (RJI), a broad basket of selected commodities. I felt at that time that since the world population was growing exponentially each year, (now 7 billion), what were needed were commodities. Also, with a casino atmosphere in Wall Street, I could not, and would not make any stock suggestions. I have now decided that any Wall Street predictions is really a walk on the wild side, for all of us. Click here for the whole story
Are our economic troubles over? Opinion by Emil Marino
Now that the Royal Wedding is over, let’s start concentrating on things more important to our country; the NFL draft! Also, the Indians are in first place. What else is there to worry about?
Just keep on reading people.
Should we forget about the Fourteen trillion dollar debt, or the one and a half trillion dollar deficit? Or the two wars that are bleeding us dry, including young Americans lives? And, let’s not think about what Bernanke had to say in meetings with the media. Everything is A.O.K.; the economy is coming along slowly, and most of all, employment should be on the rise by this time next year. Of course, the unemployed should be on their third part-time job by now, if they can afford to drive to it. And, if you believe that horsey sauce they keep telling us, I have some Florida land for sale for you all. Oh, by the way, as of June 1st 2011, each and every one of us has a debt of $45,000, due to our leaders in Washington.
Since Bernanke or Senators don’t have to pump gas in their limousines, there’s no impact of gas prices as far as they’re concerned. And, the inflation report, as Bernanke tells it; is two percent. I think all of us that do not shop in supermarkets, and retail stores, probably agree with him (gag). I’ve been screaming to newspaper editors for two years to print that inflation is 8 to 10% inflation, not what Bernanke says. But who am I to criticize Bernanke; or the wiz kids in Congress. Click here for the whole story
Understanding the Language of Investing
Stocks and bonds could probably be considered the basic building blocks of an investment portfolio, and you’ve most likely heard of them before. But beyond just these two basic terms there is a whole world of investment opportunities, and sometimes the financial world seems to have a language of its own. Fortunately though, there are many resources available to help you understand what it all means. To get you started, let’s discuss a few of the most common terms you might hear and what they mean to you.
Asset Class – a term used for categorizing different types of investments. There are basically three asset classes: stocks, bonds and cash.
Asset Allocation – the process of selecting and blending investments from different asset categories to reduce investment risk and reach long-term investment goals. This refers to how much of your money you put into stocks, bonds and cash equivalents (such as checking accounts, money market funds and CDs). Proper allocation keeps your money spread over different types of investments, so if one particular type is struggling, the other types could still be doing well.
Diversification – the process of deciding what mix of investments to own within each asset category. After you have determined the proper asset allocation for your investments, diversification helps you spread your investments out even further. Owning stock in companies from a wide variety of industries, for example, puts you in position to see possible benefits from moves in different sectors of the economy.
Blue chip – a term typically used to refer to the common stock of a company known nationally for the quality of its products or services. Such companies generally have a long history of sustained earnings and dividend payments. Click here for the whole story
The Big Board vs. Nasdaq – What’s the Difference?
Now that the stock market has successfully recovered from a prolonged bear market, more and more people are interested in investing in stocks again. If you’re one of the many who have decided to take a closer look now that things seem to be doing better, you may be wondering where you need to go in order to purchase equity securities. After all, you may be thinking, aren’t there two big markets I can buy stocks from?
The two major markets where stocks are bought and sold are the New York Stock Exchange, and the Nasdaq Stock Market. While the idea is the same (trading stocks), and both provide the same result (you can buy and sell at either one), the methods by which they go about it are very different. First, some background information might be helpful.
The first stock exchange in America was actually organized in Philadelphia in 1790. But the center of market action drifted over the years, and the traders who met every day under the buttonwood tree on Wall Street adopted the name New York Stock Exchange back in 1817. Click here for the whole story