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.
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…)
Could Obama’s Stimulus Really Work? February 20, 2009
Posted by Jeff Nabers in Health, Money, Personal Enjoyment, Personal Productivity.Tags: bail out, bailout, balance sheet, consumer, debt, deficit, economics, economy, financial, financial freedom, financial statement, future, government, income statement, invest, investing, investment, literacy, Money, obama, prosper, spending, stimulus, thrive, unemployment, wealth
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Our economy is 70% consumerism. That means it is mostly based on individuals buying stuff. So the current setup of our economy holds two basic facts:
- Individuals buying more stuff than they can afford to buy (based on their income) has a net effect that is good for the economy.
- When individuals lower their spending and save and invest money, the net effect is bad for the U.S. economy.
That said, should we even care about “the economy” in its current setup? If individuals were really doing what is good for themselves (saving and investing), it would be terrible for the economy.
So could Obama’s stimulus really work? Absolutely not. Not if you consider “it really working” to mean more than just temporarily. We don’t need a stimulus. We don’t need a boosted economy. We need a changed economy. There are only three ways out of (more…)
Tool for Battling Coming Inflation February 19, 2009
Posted by Jeff Nabers in Money, Personal Enjoyment, Personal Productivity, real estate, Self Directed IRA/401k.Tags: alternative asset, alternative investment, bail, bailout, bernanke, building, congress, currency, debasement, economy, fed, federal reserve, fiat, fiscal, government, inflaiton, ira, ira llc, monetary, obama, out, paulson, policy, responsibility, rubino, schiff, self directed, solo, Solo 401k, stimulus, strategies, strategy, tax, tool, treasury, wealth
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If you’ve been following my blog, you know that I take great interest in understanding money. Why every single human who uses money on a regular basis doesn’t also share this interest is beyond me.
With trillions of dollars created by actions of Congress, the Federal Reserve, and the Treasury Department, the concern for coming inflation can only spread. This video explains why tax deferred investment vehicles are the best tool for battling inflation and can possibly even (more…)
I am thankful for… November 27, 2008
Posted by Jeff Nabers in Health, Money, Personal Enjoyment, Personal Productivity, Self Directed IRA/401k.Tags: american, bailout, clean, consumer, consumerism, corporate, corruption, crisis, economic, economy, energy, entertainment, entrepreneuer, escapism, government, holiday, independence, inflation, materialism, media, phychology, productivity, prosperity, revolution, scandal, self employed, self employment, thanksgiving, thrive, transportation, united states, wealth
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…our current circumstances. Rather than ignore the current economic problems, I choose to acknowledge this elephant in the living room during our Thanksgiving holiday.
We are bombarded with headlines like “What will fix our economic problems?” It is absolutely silly. The recession is the solution to the problem of the asinine acts of American government, corporations, and consumers. There is no galactic lottery that our country can win. We have to play by the rules of the game that we started. No person or government can perpetually spend more money than they earn. Such behavior can only be temporary and always leads to self inflicted unpleasantness.
I truly am thankful for our recession because it should help cleanse our government and society of self destructive behavior. We are now forced to (more…)
Solo401k.com Relaunched! November 25, 2008
Posted by Jeff Nabers in Money, Personal Enjoyment, Personal Productivity, Precious Metals, real estate, Self Directed IRA/401k.Tags: 401k, investing, investment, ira, ira llc, self directed, solo, Solo 401k, stock market, wealth
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We’ve just relaunched solo401k.com on this blogging platform to allow for regular information updates and easy navigation. I’ll be posting to this blog regularly. Use the categories at the bottom of the page to learn more about the world’s most powerful investment vehicle – the Solo 401k!
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Home prices have returned to 1997 levels October 29, 2008
Posted by Jeff Nabers in Money, Precious Metals, real estate, Self Directed IRA/401k.Tags: 401k, case-shiller, dollar, economy, fed, gold, home, housing, inflation, ira, median, Money, precious metal, preservation, prices, real estate, risk, self directed, solo, solo 401, wealth
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One of the reasons that everyone seems to act so surprised at the “economic meltdown” is because we measure everything in U.S. Dollars while paying little attention to the value of the dollar itself. The dollar is a floating currency. The amount of dollars in circulation can dramatically increase or decrease in any given period of time as seen fit by the central bank, the Fed. An increase in the money supply will push prices up, while a decrease in the money supply pushes prices downward. Therefore, an asset’s true value can remain constant while it’s dollar denominated value can fluctuate – and vice versa.
Looking at statistics or charts denominated in U.S. Dollars can be very deceiving, and if that’s what you’ve been doing, then you were blindsided by the recent collapse of various markets and institutions. If during the past decade you were looking at real prices (as measured in grams of gold) it would have been quite apparent that housing prices were experiencing erratic growth that was likely unsustainable. Gold has been the real currency used by humans since the dawn of time, and even after Nixon took us off the gold standard in 1971, all markets continue to follow logical boundaries of movement as priced in gold.
The good news is that (more…)
Monetary Base up 38% Year-to-Year October 27, 2008
Posted by Jeff Nabers in Money, Precious Metals, Self Directed IRA/401k.Tags: 401k, bailout, debasement, economy, fed, inflation, invest, investing, ira, Money, safe, safety, self directed, solo, Solo 401k, stock market, wealth
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According to John Williams’ Shadow Government Statistics October 26 Flash Update, year-to-year
Monetary Base is up 38%. Expansion of the money supply creates inflation and debases the wealth of people holding U.S. Dollars.
The lesson? Don’t hold U.S. Dollars. Seems kind of tough if you live in the U.S. though, doesn’t it?
Foreign bank accounts have been used for decades as a means to hide income and assets from taxation… sometimes legally, sometimes illegally. I believe the coming hyperinflation will foster a whole new flight of capital into foreign bank accounts for a different reason: (more…)
3 Reasons why today is the best time in human history for immense personal wealth and freedom October 22, 2008
Posted by Jeff Nabers in Health, Money, Personal Enjoyment, Personal Productivity, real estate, Self Directed IRA/401k.Tags: 401k, boom, bubble, business owner, bust, doom, economy, entrepreneur, entrepreneurship, family, fraud, freedom, future, gloom, government, independence, invest, investing, investment, ira, meltdown, opportunity, riches, self directed, self employed, self employment, small business, solo, Solo 401k, technology, wealth, world
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While there are many people finding themselves more fearful than ever, there are others who are more excited than ever. Here’s why…
- The rules of safety and courage have changed. Since the industrial revolution, employee-ism has surged. During this time, getting a job to work for somebody else was the safe thing to do. On the other side of the coin the risky, courageous act of working for oneself is what brings riches. As a result, each person has been faced with a choice to pursue either safety or riches. Part of what made employee-ism the safe bet for an individual is the stability of companies as well as what has become the largest store of non-real estate wealth in our country: holdings in the stock market. This year we have seen the rules of the game permanently changed. Our financial system is crashing, and trustworthiness has evaporated from corporate America and the financial services industry. Now working for yourself is no longer the courageous thing to do; it’s the safe thing to do.
- Technology has brought immense power to everybody. Personal computers and the internet are now available to just about everyone. This has made some very expensive things become cheap or free. This has made it possible to do things that were previously impossible. There is no longer a need for every transaction to take place in a physical location. Needs and desires are able to be fulfilled online. In many circumstances, the large corporation cannot compete with the one-man shop. Today a person can start and run several businesses for little or no money. Taking something and creating or increasing its value has never been more accessible.
- Arbitrage has never been (more…)
