Why Tanker Stocks Sank This Week

Shares of GasLog, Nordic American Tanker, and Navios Maritime all sank this week. Here's why.

Jul 12, 2014 at 1:00PM

The high seas proved to be rough this week for shipping stocks. Shares of GasLog (NYSE:GLOG), Nordic American Tankers (NYSE:NAT), and Navios Maritime (NYSE:NNA) all sunk to stand among the worst-performing stocks in the energy sector. 

GLOG Price Chart

GLOG Price data by YCharts.

While the plunge in stock price was pretty significant for all three shippers, the news that caused these drops wasn't as deep. Two of the three companies fell after a research firm initiated coverage, while the other stock took a dive on profit-taking by investors. That said, it's worth taking a closer look at the underlying causes of the plunges, which is why I created the slideshow presentation below. It details the causes for the sell-offs and looks at the one stock that might have further to fall. 

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Matt DiLallo has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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