Cryptos versus Precious Metals
.Cryptos versus Precious Metals
The Final Wake Up Call By Peter B Meyer 2-25 21
Cryptocurrency
Look at bitcoin. In the early stages, people thought of it as a bet on a new money system, in which the cryptocurrency, despite having no physical existence, but limited by mathematical wizardry, would prove superior to gold. That could still turn out to be true, or, it could turn out that the price action in bitcoin is really just another of the many manipulation tricks coming out the box of the Central Bank controllers. As a result, when the central bank money system blows up, bitcoin and all other cryptos could go with it.
Bitcoin is not backed by gold or any other valuable asset, it relies on the continued existence of a worldwide electronic Internet, and never can reach a stable monetary value necessary to substitutes currencies. In the event of war, the Internet will go down instantly, every bitcoin owner loose control for immediate use. As Bitcoin is quoted hourly, and its price does not suffer from constant manipulative attacks, as Gold and Silver do.
“Nobody Owes More Than The Law Demands.”
.“Nobody Owes More Than The Law Demands.”
Notes From The Field BY Simon Black February 24, 2021 Bahia Beach, Puerto Rico
There used to be a show from the 90s called America’s Funniest Home Videos, where host Bog Saget would show silly home movies that people sent in from across the country. The videos typically featured people doing stupid things. And if the video was funny enough, someone could have won the $100,000 grand prize. All of that was pre-Internet, of course. Now there are people amassing fortunes on YouTube with audiences that rival hit TV shows.
Today, a nine year old boy named Ryan Koji is the highest earning YouTuber. Last year he raked an estimated $30 million from about 12 billion views, all from videos of him opening and playing with toys on camera for his 42 million subscribers.
Gold Is One Of The Few Assets That’s NOT At A Record High
.Gold Is One Of The Few Assets That’s NOT At A Record High
Notes From The field By Simon Black
February 23, 2021 Bahia Beach, Puerto Rico
On December 24, 1943, in the midst of World War II, General Dwight Eisenhower formally took command of all Allied forces in Europe. This was a big deal after such a pivotal year. 1943 saw Hitler suffer a devastating loss in Stalingrad; and by the end of the year, he had nearly lost Italy. The Allies could see the light at the end of the tunnel. Victory was within reach, and they were already working on a plan codenamed Operation Overlord-- the invasion of Normandy-- that would begin the final push against Hitler in the summer of 1944.
Eisenhower’s appointment was the ultimate admission of US military supremacy; as Supreme allied Commander, he outranked everyone, including British and French generals. But the US was the natural choice to take charge. At the time the US government was pumping everything into the war effort. Military spending was already at a record high in 1942, the first full year that the US was involved in World War II.
But by the end of 1943, military spending had tripled.
Currency Trading: Is It Right For Me?
.Currency Trading: Is It Right For Me?
Janice Friedman - July 20, 2020
How to Invest Money, Make Money Online, Personal Finance -
Are you looking for your next significant investment? Maybe you’ve recently come into some extra money and want to make it grow. Currency trading could be the right move for you to make. Currency trading on the world’s foreign exchange market is one of the simplest ways for individuals to break into the world of investments. It’s relatively easy to learn, has less risk than many other forms of investment, and practically anyone can do it successfully.
What Exactly Is Currency Trading and How Does It Work?
Currency trading by individuals takes place 24-hours a day online at the foreign exchange market. Also, currency trading takes place at financial centers around the world, so the market is always open for traders. New York, Tokyo, Sydney, and London are a few of the main hubs. If you’re in search of a form of investment that you can micromanage on your own time, in between work and sleeping, trading currency may be right for you.
How You Can Lose Your $1,400 Stimulus Check By Filing Taxes Early
.How You Can Lose Your $1,400 Stimulus Check By Filing Taxes Early
Sigrid Forberg Mon, February 22, 2021,
It often pays to file your taxes promptly (hello, early refund), but this year some taxpayers may want to wait a bit — to get more cash in the third round of COVID stimulus checks.
Though many Americans stand to receive a higher payment by submitting their 2020 return quickly, that's not true for everyone. Your 2020 taxes might, in fact, keep you from receiving the full $1,400 in the new go-round — or prevent you from getting any stimulus check this time.
If you're counting on pocketing the maximum amount, so you can use the money to invest, build up your emergency savings or pay down debt, here’s why you may want to put your taxes on hold.
5 Major Money Mistakes To Avoid Once You Turn 60
.5 Major Money Mistakes To Avoid Once You Turn 60
Laura Woods Sun, February 21, 2021
You’ve been working hard your entire adult life and you’re finally nearing retirement. The prospect of having more time to relax and enjoy yourself is exciting, but you’ll need money to do that.
As you wrap up your peak earning years and prepare to step away from the workforce, it’s important to make smart money moves that will protect your nest egg. All it takes is one poor financial choice to throw a wrench in your plans — and financial stability — so take the time to make informed decisions.
When faced with a large amount of cash, it can be tempting to share it with loved ones — i.e., your children — or indulge yourself with luxury items. However, this money needs to last your entire retirement, which could span decades. Here’s a look at common financial blunders you don’t want to make as you get older if you want to avoid a major financial setback.
Wealth Preservation Strategies Of The Rich
.Wealth Preservation Strategies Of The Rich
By The Investor
Protecting your wealth for the future
You and I are advised to put our money into simple portfolios and to invest in shares for the long-term for our retirement. But once the preservation of wealth becomes more important than growing it, other strategies come into play. The preservation of wealth for the super-rich usually entails:
Wide diversification at the expense of higher returns - Reduced volatility - A focus on real assets such as property and gold - Investment in illiquid and unlisted securities and companies - Paranoia over taxes
In fact, I doubt there’s a rich person in the world getting by with an index tracker, a savings account, and a wodge of Government bonds.
The Really Obvious Thing We All Forget When Borrowing Money
.The Really Obvious Thing We All Forget When Borrowing Money
by THE INVESTOR
Have you ever wondered who you’re borrowing money from when you go into debt? If you think you’re being given money by a bank or credit card company, think again. In this piece I’ll explain in one sentence who is really lending you money when you borrow. The rest of the article will explain why it costs you more than you might think to take it.
Borrow now, and have less later
Loans, mortgages and credit cards are mechanisms through which you can borrow money. They don’t give you a penny to spend. So where does the money come from? When you borrow money, you’re borrowing from your future self. Loans and credit cards turn the impossible into reality, taking money you’ll have in the future and giving it to you today. It’s an almost magical process that clouds where the borrowed money comes from, and what it actually costs.
Coping With The Guilt Of Losing Money
.Coping With The Guilt Of Losing Money
By The Investor
I accept it’s normal to feel frustrated, angry, or even downright stupid when you lose money on your investments.
But what about guilt?
My portfolio’s fall from its peak value in summer 2007 to a low in October 2008 represents a big loss for a 30-something private investor like me: at least a couple of years of after-tax income in cash terms. More importantly, the losses meant I had fewer options in October 2008 than the year before. I’d originally begun investing to build up a house-buying war chest for when the over-valued housing market corrected itself.
After several years waiting, house prices were finally falling, but my investments had fallen further. It was my sister who put it simplest and best, when I explained to her my fate:
“Ah, I see. If only you’d sold all your investments and put the money into a savings account! Now you’d have even more money, and you could buy a cheaper house.”
My sister was a 100% right.
How People Learn to Become Resilient
.How People Learn to Become Resilient
By Maria Konnikova February 11, 2016
Perception is key to resilience Do you conceptualize an event as traumatic or as a chance to learn and grow
What Matters Is The Intensity And The Duration Of The Stressor
Norman Garmezy, a developmental psychologist and clinician at the University of Minnesota, met thousands of children in his four decades of research. But one boy in particular stuck with him. He was nine years old, with an alcoholic mother and an absent father. Each day, he would arrive at school with the exact same sandwich: two slices of bread with nothing in between. At home, there was no other food available, and no one to make any.
Even so, Garmezy would later recall, the boy wanted to make sure that “no one would feel pity for him and no one would know the ineptitude of his mother.” Each day, without fail, he would walk in with a smile on his face and a “bread sandwich” tucked into his bag.
The boy with the bread sandwich was part of a special group of children. He belonged to a cohort of kids—the first of many—whom Garmezy would go on to identify as succeeding, even excelling, despite incredibly difficult circumstances.
What Is A Wealth Advisor And Are They Worth It?
.What Is A Wealth Advisor And Are They Worth It?
Ideally, it’s safe to say that a majority of people would love to have a personal fortune that may require working with a wealth advisor. And if you have reached a point in your life where you need help with your assets and wealth, then you have reached a status that many others dream about! But having a massive net worth and more money can come with even more responsibilities you might be unsure about. Even if you know finances and investing quite well, you should consider an expert to help you maintain your fortune.
That’s where a wealth advisor can be your trusted financial partner. Their goal is to ensure your needs are met and that you are set up successfully for now and the future.
But what do wealth advisors do exactly? What should you look for if you need one?