Hiring new liberty-oriented PR specialist immediately! August 18, 2009
Posted by Jeff Nabers in Money, Personal Enjoyment, Personal Productivity, real estate, Self Directed IRA/401k.Tags: 401k, economics, freedom, hiring, investing, ira, IRA Association, jeff nabers, job, job opening, jobs, liberty, Nabers Group, pr, public relation, publicist, real estate, ron paul, self directed, solo, Solo 401k, staff, staffing
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Our publicist has done a great job getting the word out about Self-Directed IRAs, and my various writings and products related to independence, economics, investing, and freedom.
But, alas, the time has come to replace our publicist. So here’s what we’re looking for:
- Very freedom/liberty-oriented and passionate
- A basic understanding of Austrian economics and the free market
- An unlimited mindset—one that fully accepts that anything is possible and our results are up to us… only we can decide what we CAN and CAN’T accomplish together
- A realistic understanding of our world today and the terrible direction our country and our society is heading in—politically, financially, emotionally, etc. We have to be able to acknowledge and observe the problems in order to be a part of providing solutions.
- Results-oriented. We aren’t just trying to get the word out to see what happens. We are getting the word out! We set goals and then achieve them :-D
- Experience preferred, but not required. If you have experience in public relations, awareness campaigns, or dealing with the media, that is great and will be helpful. Buuuuuut, the above requirements are much more important. The actual procedure of how to promote and make contacts and pitch ideas can be learned. Being a freedom-loving, free-market-loving, truth-knowing, positive-thinking passionate person ready to change the world cannot be learned—it’s just who you are. So that is most important, and for that reason, experience isn’t required, but it is preferred.
- Start immediately!
- Monthly salary. This doesn’t have to be a full-time job, but we will pay a substantial salary.
Be a part of a team that’s changing the world! We’ll be working to promote my book (5 Steps To Freedom) as well as my companies (Nabers Group and IRA Association). Some past exposure and events have included:
- Speaking at FreedomFest
- Writing for Forbes.com
- Contributing to articles for mint.com, realtytimes.com, Entrepreneur Magazine, LA Times, and Chicago Tribune
- Featured in trade journals
- Appearing on TV shows such as Good Morning Arizona and The Pat McMahon show
..these are just a start as we’ll be working together to continue to expose people to self-empowerment, liberty, financial freedom, Austrian economics, and similar ideas.
LIVING IN DENVER IS NOT NECESSARY. We are open to remote working arrangements. If you think you might know somebody who would be great for this position, please share this opportunity, especially on Twitter and Facebook:
Applicants, please send resume to prjob@jnabz.com and include a cover letter summarizing why you think this would be a great fit. I look forward to connecting with our new PR specialist!
How you just lost money in a stock market that’s up 40% August 5, 2009
Posted by Jeff Nabers in Money, Personal Productivity, Self Directed IRA/401k.Tags: 1913, chart, collapse, crash, currency, depression, dollar, dow jones, fed, fiat, gains, history, inflation, invest, investing, investment, long run, long term, losses, rebound, recession, risk, stock market
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Headlines abound, the stock market is up 40% from its March lows!!! Let’s all celebrate. Those who spoke badly of Obama, Bernanke, and Geithner have their foots in their mouths, right?
Not even close. These types of misleading headlines are the very weaponry of a financial system that tricks you, lures you, spikes your drink, robs you blind while you’re partying, and then nurses you back to sobriety in the morning by giving you another spiked drink.
Imagine you have $100 in the stock market. You experience a 40% loss. You now have $60. And, abracadabra, the economic rescuers have juiced the market back up 40%. You now have $84. Wait a tick, how exactly do I get back to $100? Well to recover from a 40% loss, you would need a 67% gain. You see, 40% of $60 is much less than 40% of $100, so the initial 40% loss was much larger than the 40% gain that followed. For those whose livelihood involves serious math, this is very obvious. For the rest of us, it should be an “ah ha” moment that exposes the red arrow, green arrow game.
Watching and listening to the financial news networks report about the stock market is like watching a sports game. And it entertains just like a sports game. In the midst of entertaining, it lulls us into watching the red and green arrows. Oh, it’s down today a few points. Hey look, it came back up. It feels very much like watching a basketball team surrender and regain the lead in a basketball game. If they are down by 40 points, and then they score 41 uncontested points, they have the lead and they win the game!
But it doesn’t work the same in percentage points. But just wait, over the long term the losses will be recovered and there will be profit, say the “experts” whose payroll checks are signed by Wall Street. If you buy that line of baloney, you will be further tricked. Because over the long term those losses will be recovered and there will be profits… but only as measured in dollars. If you factor in how over the long term those dollars buy less stuff, you will not find a substantial long-term profit.
Today the Dow closed at $9,320. But the dollar has lost over 96% of its purchasing power since 1913. Take 96% out of today’s Dow price and you get $372. In 1913, the Dow was at about $62. So the Dow Jones Industrial Average grew from $62 to $372 (in constant 1913 dollars) over a period of 96 years. That’s an annualized rate of return of 1.88%.
This bears repeating…
The Dow Jones has returned 1.88% per year for the past 96 years
Can you still get excited about a stock market that’s up 40% since its March lows when it is still a stock market that hasn’t even been able to produce an actual 2.00% return over the long run?
Or even more important questions: Is it worth the risk of losing a big chunk of the money you worked for just to “get some action” in a market that produces less than a 2.00% return over the long run? When you are down, can you wait decades without touching your money just to get back to your break-even point?
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Jeff Nabers is author of 5 STEPS TO FREEDOM: How to Cut Your Dependence on Institutions and Escape Financial Slavery
A No Nonsense Guide To Investing For Liberty Lovers July 31, 2009
Posted by Jeff Nabers in Money, real estate, Self Directed IRA/401k.Tags: 5stf, chongchua, crash proof, fed, freedom, gold, inflation, investing, jeff nabers, liberty, manifesto, meltdown, Money, nabers, peter schiff, phoebe chongchua, ron paul, tom woods
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The Liberty Maven blog just posted a review of my book, 5 Steps To Freedom: How to Cut Your Dependence on Institutions and Escape Financial Slavery. Here’s an excerpt:
One of the key ingredients in attaining some semblance of freedom is to become financially independent. A new book, “5 Steps To Freedom“, by Jeff Nabers and Phoebe Chongchua supplies us with some extremely effective tools to escape financial slavery. Take elements of Tom Wood’s “Meltdown“, Ron Paul’s “Manifesto“, and Peter Schiff’s “Crash Proof” all rolled into one and you come very close to describing “5 Steps To Freedom”.
“, by Jeff Nabers and Phoebe Chongchua supplies us with some extremely effective tools to escape financial slavery. Take elements of Tom Wood’s “
“, Ron Paul’s “
“, and Peter Schiff’s “
” all rolled into one and you come very close to describing “5 Steps To Freedom”.The five high level… [see the whole review here]
Investment Opportunities July 24, 2009
Posted by Jeff Nabers in Money, Precious Metals, real estate, Self Directed IRA/401k.Tags: appreciation, argentina, asset, brazil, cash flow, cashflow, chile, china, deflation, depression, economy, gains, hedge, hong kong, hyperinflation, income, inflation, invest, investing, investments, mortgage note, opportunities, real estate, recession, russia, singapore, trust deed
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When listening to feedback from Nabers Group clients, one message is loud and clear, “We want to see investment opportunities from you.”
I sent out a survey to all of my clients recently, and I’d love your input too. With my activities in many circles, I have access to mounds of solid investment opportunities. If you complete this survey it can help me understand what types of opportunities you are most interested in.
Is the Departure from 401(k) Perks a Bad Thing? June 17, 2009
Posted by reformedinvestor in Money.Tags: 401k, investing, self directed, Solo 401k
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You can’t pick up a newspaper today without hearing bad 401(k) news:
- Companies have cut their 401(k) matches, lessening incentives for employees to make contributions.
- 401(k) fees are confusing and exorbitant.
- Employer-sponsored plans are filled with nothing but dog investments packaged for layman investors.
With the glory days of the conventional 401(k) coming to an end, it’s no wonder that many investors have ditched or are considering ditching the 401(k) altogether.
But I ask, is the end of the 401(k) – as we know it – a bad thing?
I’m sure people like Suze Orman would (more…)
Are We Putting All Our Eggs in One Basket? June 10, 2009
Posted by reformedinvestor in Uncategorized.Tags: 401k, investing, stock market
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The Wall Street Journal reported on a study that $14 trillion dollars were being held in retirement assets in 2008. Sixty-five percent of that total was in employer-sponsored defined contribution plans and about 25% of those assets were held in IRAs. Now don’t you think that is a lot of dough entrusted into an institution that has royally failed us?
Am I “The Greater Fool”? June 2, 2009
Posted by reformedinvestor in Money, real estate, Self Directed IRA/401k.Tags: investing, real estate, stock market
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After reading an advance copy of Jeff Nabers’ new book, I learned more about the concept of “The Greater Fool.” This theory says that people buy things thinking that it will go up in price and value and that a “greater fool” will come along and buy the thing for more.
(more…)
Think you’re too old to get in on alternative investments? Think again May 22, 2009
Posted by reformedinvestor in Money, Self Directed IRA/401k.Tags: income, invest, investing, investment, real estate, retirement, wealth
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Mature investors close to retirement age are likely kicking themselves wishing they had pulled their money out of the market while they had the chance.
But too often these investors were told to “stay the course” and that “the market will come back.” Truth be told, no one knows for sure what the market will do.
But we do know is that you still have time to recover your losses – as long as you don’t just sit back and “hope” the stock market will recover. You have to do something about it.
Real estate can be a wonderful option for someone nearing retirement. With depressed housing prices, you may be able to find a home that offers positive cash-flow so that it provides a healthy monthly income. When the market recovers, you can consider selling the property only if the numbers add up and you will benefit from appreciation. If not, you can continue to cash-flow the property and create income for yourself for a long time.
So the point is that you’re never too old to consider alternative investments. A diversified investor is a smart investor at any age.
How to break America’s 401(k) addiction May 19, 2009
Posted by reformedinvestor in Money, Self Directed IRA/401k.Tags: 401k, investing, ira, retirement, self directed, Solo 401k, wall street
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[Contributed by reformedinvestor]
This is my favorite excerpt taken from the interview between Steve Kroft of 60 Minutes and Brooks Hamilton, who Kroft interviewed in his expose on 401(k)s. Hamilton is an expert in designing retirement plans for large corporations.
“The fact is that the typical 401(k) investor is a financial novice. They don’t know a stock from a bond. And we give ‘em a list of 20 or 30 mutual funds with really, really powerful names, you know, they sound like, ‘Gee, that’s where I want to have my money,’” Hamilton said.
“What are the, generally, the quality of the mutual funds in 401(k) plans?” Kroft asked.
“Mediocre,” Hamilton replied. “I’m being real honest with you, with half the funds on the list really dogs, what people would characterize as dogs shouldn’t be on the list to start with.”
So many Americans believed that the 401(k) would be the sure-fire way to safely save for retirement. In fact, it has been reported that 401(k) plans that have become the primary source of retirement income for 60 million Americans. Companies would match our contributions making it irresistible to sock away money in these mutual funds. But the truth is, as exposed by 60 Minutes a few weeks ago, that companies turned to 401(k)s as a cheap alternative to offering costly pension plans. This decision created millions of new employee investors in Wall Street – creating a boom on Wall Street and putting trillions of dollars of investable cash into the hands of unsophisticated investors.
In the 60 Minutes piece, however, experts in the field say (more…)
Young investors can afford to play it safe when it comes to investing May 12, 2009
Posted by reformedinvestor in Money, Self Directed IRA/401k.Tags: investing, stock market, strategy, wealth
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[Post contributed by reformedinvestor]
I recently learned that I may have been given bad investment advice. I’m 32 now but I started working with a financial advisor when I was 26 years old. At the time the stock market was the way to go. If you weren’t invested in the stock market you were missing out. So I socked all my savings away in the safest and most lucrative thing I knew, Wall Street.
My financial advisor told me that because I was so young, I should invest a bit more aggressively. It made perfect sense; after all, I had 30-40 years to go until retirement. I could ride the ups and downs of the market cycles.
But what no one told me (more…)
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