Hi All,

This came across my radar screen this morning. As a sign of the times, one California bank is having to demolish its real estate developments. Evidently what happened was the bank funded a housing project in Victorville that couldn’t finish before the boom ended. They got left holding the bag, had to pay a number of fines to the city and took a $592,000 quarterly loss (1).

One just hopes this isn’t a trend.

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5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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