If you don't know much about investing, you may feel overwhelmed or bewildered by the choices. Enter annuities. The best of them are easy to understand, even by financial novices: "Give us your money, and we'll give you this much money per month until you die." That sounds simple - but simpler isn't always better [so let's review] whether they're needed in a retirement plan or not.
Read More »Just How Accurate Are Financial Forecasts? (+3K Views)
Even the foremost experts in most fields are no better than a flip of the coin at predicting what’s going to happen in their particular area of expertise. In fact, in one study those with 80% confidence in their forecasts were only right 45% of the time, so even worse than a coin flip.
Read More »The Many Benefits of Having a Bank Account in Hong Kong (+6K Views)
Hong Kong is an excellent place to bank. One of the best in the world, in my opinion. Why? Because the banks are strong, stable, innovative, and well-capitalized [and account holders] are free to choose what currency to accept (and save), whether HK dollars, US dollars, Chinese Yuan, gold, or anything else.
Read More »Social Security Is Rapidly Running Out Of Cash – Here’s What You Need To Do (+3K Views)
Two weeks ago a new bill was introduced on the floor of Congress that, just like all the other really dangerous legislation, i.e. USA PATRIOT Act, this bill has a catchy acronym. It’s called the SAVE UP Accounts Act, which stands for “Secure, Accessible, Valuable, Efficient Universal Pension Accounts Act”. I just tasted vomit in my mouth.
Read More »Move to Mexico! Where? A Comparison of 10 Places to Retire (+3K Views)
In consultation with highly experienced ex-pats who have lived and/or live in the places that I rate here I have come up with the following list of the top 10 places in Mexico to live and retire and the reasons why:
Read More »Derivatives Are Nothing More Than A “Game” of Russian Roulette! Here’s Why (+4K Views)
Russian Roulette: Put one bullet in the cylinder of a revolver, spin the cylinder, point the gun at YOUR head, and pull the trigger. Most revolvers have 6 chambers, so your odds of surviving are 5 in 6, IF you quit after pulling the trigger once. Press your luck, spin the cylinder, point the gun, and pull the trigger again. It might be okay. Try for a third time? Now let's play Russian roulette - derivatives style.
Read More »Bitcoin vs. Gold: Which Is the Better Asset To Own?
Gold and Crypto are both expected to embark on their next bull run and, a disadvantage to owning one asset is often an advantage of owning the other. Therefore, we believe both deserve a place in your portfolio for at least insurance purposes.
Read More »Rule of 72: A Method To Predict the Time Needed For A Portfolio Or Income Stream To Double
The Rule of 72 is a time-proven method to predict the time needed for a portfolio or income stream to double.
Read More »Americans: Here’s How to Protect Your Retirement Assets From Coming Gov’t "Confiscation" (+11K Views)
Mandatory IRAs as proposed by the Obama Administration is just the 1st step in stealth nationalization and forced investment of our retirement benefits to support the treasury debt market! [As such,] every American with substantial retirement assets must [begin now to] protect themselves from having to become buyers of last resort for US treasury obligations. [Let me explain.] Words: 6349
Read More »The American Way: Living “The” Lie (+4K Views)
Appearances are all that seem to matter in our society today. Dying in debt will be common place in the coming years. Fully 21% of Americans say they don’t think they will be able to pay off their debts — including their car, credit cards, student loans and mortgages — in their lifetime. Our debt addict society is dying of an overdose.
Read More »