MONEY: Investing short term earnings and long term as well?

Friday, May 1, 2015

https://www.quora.com/I-am-a-single-mother-who-is-looking-to-invest-my-money-What-suggestions-do-you-have-for-something-that-will-be-good-for-short-term-earnings-and-long-term-as-well?__snids__=1105045430&__nsrc__=2

I am a single mother who is looking to invest my money. What suggestions do you have for something that will be good for short term earnings and long term as well?

# – # – # – # – # 

I’m a big fan of Ric Edelman, the Financial Advisor, who does a weekly radio show for decades. He says that his objective to help people become rich.

(Disclaimer: I’m a Client for several years and get nothing for giving this recommendation.)

He offers — and several of my coworkers have taken them up on it — to spend some time with ANYONE regardless of possible account size and help identify your goals and suggestions how to reach them.

One specific coworker had a job, a mortgaged house, and nothing else. One of their Financial Advisors has spent four hours with her over the last three months coaching her financially. So I’d recommend that you talk to one of these guys rather than trying to go it alone.

There is NO obligation to do business with them.

They are registered financial advisers which means they work in your best interest (i.e., the fiduciary standard).

They have an account minimum of 5k$ if you want to have them handle your investments. So, I’d say 1-800-call-ric or ricedelman dot com.

I worked on Wall Street for a couple of decades, managed my own portfolio, and I wish I had found them much sooner. Just my opinion.

Remember the sources of my education! I’m just a fat old white guy injineer with:

  • Law “degree” from watching Judge Judy;
  • Medical “degree” from watching Doctor Phil;
  • Building “degree” from watching “Holmes on Homes”;
  • Investing “degree” from reading about Bernie Made-off;
  • Finance “degree”from listening to Ric Edelman;
  • Sensitively managing Human Resources from watching Chef Ramsey; AND
  • Creating loving /  caring human relationships from studying the movie roles
    of Gunny Ronald Lee Ermey! 

# – # – # – # – # 


MONEY: A gold Drachma?

Saturday, March 14, 2015

http://www.lewrockwell.com/2015/03/frank-hollenbeck/deadly-government-labs/

Five Steps to Fixing Greece’s Debt Problem
By Frank HollenbeckMises.org
March 5, 2015

*** begin quote ***

Step Five: Fix the New Drachma to Gold

Gold has many drawbacks, but gold’s primary advantage lies in the fact that it constrains current and future governments from using the printing presses to finance government expenditures. Once the tie to the euro is broken, Greece should then fix its new currency to gold. Even though Greece has no significant gold reserves, it can follow the example of Germany in 1923 when a broke Germany slowly returned to a gold standard by first fixing its money to non-gold commodities (i.e., rye bread in the German case).

By instituting true austerity and freeing the banking sector from the euro and the EU, Greece could go from being the example to avoid to the example to emulate in a relatively short period of time. With such a financial structure, Greece would benefit from long-term financial and economic stability. It would force Greece to make hard choices up front, thus avoiding later problems in the first place.

*** end quote ***

I’d want some of them. Or any hard money currency tied to something!

As a non-enconmist, I’d assume that there would be a capital inflow with a hard money currency.

Akin to the Swiss Franc, that’s becoming a proxy for a strong fiat currency.

And, if Russia or China do it, then that is the end of the US dollar as the world’s reserve currency.

Whatever happened to the gold dinar?

Remember what happened to Saddam when he made noises about wanting to be paid in gold for his oil?

# – # – # – # – # 


MONEY: 401(k) Programs — Methadone for the Middle Class?

Tuesday, February 10, 2015

http://www.garynorth.com/public/13421.cfm

401(k) Programs: Methadone for the Middle Class
Gary North – February 06, 2015

*** begin quote ***

Methadone is a legal drug that is taken by former heroin addicts. It eliminates the “rush” that heroin offers, but it also eliminates withdrawal symptoms. It lets heroin addicts escape the need to buy the expensive illegal drug.

Methadone is for heroin addicts who just cannot bring themselves to go cold turkey from an addictive drug that distorts their perception.

That is what a 401(k) retirement plan is for middle-class workers.

*** end quote ***

Even a gold bug, such myself, understands the concern that the 401k may not be enough.

And, the younger the person, the more they are at risk.

Clearly SocSec isn’t enough retirement savings, especially when the Gooferment cheats on inflation, COLA, Medicare rates, and — of course — the ULTIMATE cheat making SocSec ½ taxable income!!!

A similar concern exists with 401ks and IRAs. The “rules” can be changed. And, when you think of the 18T$ “debt” and 17T$ in tax deferred savings accounts under the control of about 2100 “custodians”, it’s not hard to imagine the political mischief that could emerge. There was a “trial balloon” about “saving” “We, The Sheeple” from “market risk” by swapping the 401k/IRA money for an “enhanced social security benefit”. It died a quiet death, but bad ideas are like Dracula rising from the grave.

So while I think folks “must” participate in the 401k / IRA system, they must also realize that there is a “counter party risk” and you better have other assets.

For once I’m glad I’m old.

# – # – # – # – #  


MONEY: Having a pantry and a garden might be a good hedge for the future

Wednesday, February 4, 2015

http://www.granny-miller.com/survivalist-prepper-or-housewife/

Survivalist, Prepper or Housewife?
by Katherine Grossman • November 4, 2012

*** begin quote ***

The average American housewife for most of the 20th century didn’t work for wages. Food, clothing and shelter were her specialties. She knew how to cook, sew family clothing, kill and dress a chicken and get by without electricity or indoor plumbing if she had to. She had a full pantry, backyard garden, raised her own children and had plenty of time for her outside interests and community. She also didn’t have a car payment, a TV, credit card debt and managed to marry and stay married.

The average American housewife from 1920 – 1970 would today be considered a survivalist. For many of you reading this, your great-grandma was a hard-core prepper.

*** end quote ***
I humorously shared this with all the “gals” I know.

I remember my Great Aunt Marion and her basement full of “stuff” — wrote about it in CHURCH. It was impressive.

I was told that my paternal Grandmother Reinke in Portland had a prodigious pantry, “root cellar”, and “cold storage” that was under her log cabin house and it was actually bigger than the house. This was the woman who didn’t have electricity until the 50’s and a frider until the 60’s.

I often rant on my blog that it takes “two income families” today because one person works to pay the taxes.

Not sure if we can EVER regain our lost freedoms. Not sure if we can ever get back to simpler times. But, I am sure that there will be hard times ahead.

Having a pantry and a garden might be a good hedge to have.

(Marge François is the only one I know who has the knowledge and skills to pull that off. Maybe I can induce her to move to New Hampshire and join Kelly’s Dad raising more that purple potatoes.)

Laugh.

# – # – # – # – # 


MONEY: A grandparent’s obligation?

Wednesday, December 17, 2014

https://personal.vanguard.com/us/whatweoffer/college/vanguard529

Saving for college—trust Vanguard to help you reach your goal

*** begin quote ***

Keep your money for college—not taxes

When you invest in a 529 plan, your earnings grow tax-deferred, so more of your savings goes toward your main goal—financing a college education.

Why the Vanguard 529

  • Low costs
  • Our expenses and fees, among the lowest in the industry, allow more of your money to work for your child.
  • Easy investing
  • Choosing an age-based option and
  • an automatic investment plan (AIP) could mean almost no work for you.

Experience

  • We’re a leader in direct-sold 529 plans: Vanguard investment options are offered in 28 plans totaling more than $25 billion in assets.*

*** end quote ***

Holiday gift giving season is upon us.

I’m not only a fat old white guy injineer, but a Bahhh Humbug type who’s hero is old Ebenezer (who I think was given a bad rap!).

Grandparents, assuming you want the best for this grandchildren, have an obligation to “fill in” for the parents. Parents have to do the day to day things, under pressure and time constraints. Us old <synonym for multiple instances of  flatulence> — and I include myself in that category — have the luxury of seeing the “whole road” since we are far closer to the end than the beginning.

What one thing do parents overlook or can’t afford — other than there own retirement?

Yup, saving for their kids education. 

Now in our day and age, I know I got a present and a savings bond. Sometimes the savings bond WAS the present. One uncle gave me a FIFTY DOLLAR bond and a big <synonym for donkey> navel orange! I remember that one. But the savings bond is a joke now days. It’ll never pay for tech school or college.

So, rather than throw money away on presents that will NEVER be remembered, I’m agitating for 529’s.

Specifically the Vanguard 529 Nevada plan because of the “age adjustment” option and the very low fees.

While YMMV, this gift would be wasted. Even if it’s forgotten.

# – # – # – # – #   


MONEY: A Monetary Gadfly

Saturday, December 13, 2014

LIBERTY DOLLAR ALERT:
December.06.2014
Thank you from BVNH

Dear Liberty Dollar Supporters!

Thank you for your wonderful emails and your continued support. While I am disappointed we didn’t “change the money – change the country,” I am humbled by your kind words of support and sheer joy that I am not going to prison. I hope to review all my emails and reply to your questions and suggestions as soon as time permits.

Meanwhile, you may wish to share the main points raised in the Wall Street Journal editorial by Seth Lipsky just the day before I was sentenced: “A Monetary Gadfly in an Age of Fiat Money” and his excellent editorial “Beyond Bernard von NotHaus” in the New York Sun published the day after I was sentenced. Both are very well written and should be of interest to your local news sources.
I wish to express a very special thanks to Noell Tin, Fred Williams and Tom Ashcraft, the very competent and dedicated team of attorneys who represented me at the Sentencing Hearing and GATA for their outstanding support and posting Seth Lipsky’s WSJ.

Please remember that it is only by banding together and adopting a free and independent currency that provides us with “just weights and measures” that we will be able to throw off the yoke of a manipulated monetary/tax system and generate a peaceful and prosperous society.

Many thanks for your continued support.

Bernard von NotHaus
Monetary Architect/Editor
Editor@LibertyDollar.org

# – # – # – # – #   

Well, at least, he didn’t go to prison.

Like anyone would confuse fiat valueless tokens for the Liberty Dollar “medallions”!

Or their “warehouse receipts” for the Federal Reserve System’s “toilet paper”.

What is a “dollar” these days?

# – # – # – # – #   


MONEY: The tomato soup standard of value

Monday, August 18, 2014

http://keywestlou.com/a-good-time-last-night

*** begin quote ***

Then to Publix. I bought nothing. Cost $51. How do families do it?

When I was in high school, I worked in what was then called a supermarket. The time 1949. Supermarkets then were not the huge stores of today. Not even close. One of my jobs was to stock the shelves. One of the items was Campbell Tomato Soup. Five cents a can. I noticed Publix was having a Campbell Tomato Soup sale. Four cans for $4.95. $1.24 a can.  Although more than 60 years later, still a major increase!

*** end quote ***

I would suggest to you that the difference is not “a major increase”, but a way to recognize that the value of “a dollar” — whatever that is — has dropped from 0.05 to 1.24.

Some economists — mostly from the Von Mise’s “Austrian School” — have asserted — I believe correctly — that the dollar has lost anywhere from 99.9% to 90% of its value depending on the interval you choose to measure.

In your specific example, it’s 95%!

Argh!

It’s about the Federal Reserve System, that is the OPEC of American Banks, Gooferment debt, Gooferment spending, cowardly politicians, and spendthrift bureaucrats.

The dollar, like the history of the French Franc, has been “devalued” day by day. Today the dollar is a shadow of its former self.

That’s the problem. 

Tomato soup hasn’t become more expensive; the dollars used to buy it are worth so much less. Ditto gas. Ditto every other product or service.

Argh!

# – # – # – # – #   


Follow

Get every new post delivered to your Inbox.

Join 1,434 other followers

%d bloggers like this: