Swiss Bank to Traders: Here’s Some Hot Cocoa in Your Face

The Swiss central bank sucker punched the financial community by unlinking the Swiss franc from the euro. As a result, those who trade in currency markets saw huge gains or losses. And while some blamed the bank’s move for the ensuing market volatility, both U.S. and international stocks gained that day. But there are some very important lessons to take from last week’s events, and those lessons are best learned before fortunes are lost. Foreign currency futures are contracts that allow you to buy …

Thanks – For the Travel Memories

Once when I was in Switzerland, I met a local woman who went out of her way to show me around the resort town of St. Moritz. She refused payment – and even my attempt to pay for lunch. When I finally had time to pick up a gift for her, it was Sunday, and all the shops were closed. Except, of course, the touristy one. So I bought her a box of chocolates. I gave a Swiss woman a …