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I just got word that Fannie Mae Chief Executive Officer Daniel Mudd replaced three top managers at the mortgage-finance provider as the company struggles to convince investors it has enough capital to weather the housing slump. I don’t know if they have the capital to make it through or not. Truth is that no one knows how long this slump is going to last. Either way it looks like they are in a bit of trouble over there.

It seems that unless you are in the foreclosure business, your business is probably going downhill. I know lots of people, all business owners and every single one of them is having a serious drop in sales or or overall revenue. Yeah yeah, we are not in recession. I mean that is what I keep hearing. Yet all the evidence that I am seeing every day is pointing the other direction. I am not sure where everything is headed, but I can tell you that business is slow in general no matter what kind of market you are in.

Shares of Wachovia closed up $3.61, or 27%, at $16.79, on volume of 238 million. Which is a really good jump but is it good enough is the question. Mayo put a price target of $30 on the stock, saying current value “does not adequately reflect the potential earnings power of Wachovia’s franchise over the long term, while still acknowledging significant near-term industry headwinds in mortgage and credit as well as heightened operational risks due to the integration.” With recent fallings in past quarters. i am not sure if this recent spike in shares is going to be enough considering the long term effects of it being far too low overall.

So I just heard the other day that Yahoo turned down a bid by Microsoft to buy them out. I didn’t even know that this was an option on the board. To be honest I don’t think anyone knew until all of a sudden Microsoft is there to buy. The thing is that they were turned down so the deal is not going to happen. It did make me think though. I mean talk about a monopoly, I think they are trying to buy the entire computer industry.

Where are the best places and best things to invest in? I myself am 30 years old and already retired, living in sunny Florida. The question is how was I able to do it (retire) at such a young age? It is simple, a series of wise investments. Start small and work your way up. There is an old saying “With great risk comes great reward”. The thing is never risk what you can not afford to lose. I started with a simple home purchase in an up and coming community. Within two years I sold that home for over $200k profit. Now I had my seed money. Money needed to begin my portfolio. What I have learned is never put all your eggs in one basket. They key is to diversify. Several small investments are always better than one large one. If one of your small investments fails to turn a profit you still have others to rely on and recover the loss. But if the large investment fails, you have nothing left.

So invest across the board. Homes, land, stocks and forex (Foreign Exchange). Forex trading is a great secure way to turn a decent profit. If you are interested in global futures, Global Futures Exchange & Trading Company, Inc. can help to get you started for as little as $250.