132,000 investors in America that had a net worth of $25 million or more, excluding their primary residence, were analyzed to identify the top characteristics commonly found amongst such individuals and 5 traits were found to consistently be the most important. Here they are.
Read More »China: Latest Economic News Is Distressing – Very Distressing
Take a moment to read these introductions to a number of articles about the trials and tribulations of the economic miracle of China. It is most likely you will find a number of them well worth your time to read and reflect upon.
Read More »4 factors to determine if you’ll have a large enough nest egg to cover your living expenses during retirement
As with most financial habits, knowing what you need to do is the easy part. Following through with it is where most people run into trouble. To help you in that regard HERE are the 4 most important factors that help determine whether or not you’ll have a large enough nest egg to cover your living expenses during retirement.
Read More »Shocking: Most NBA Players Will Be Bankrupt Within 5 Years of Retiring! (+2K Views)
The average professional athlete in the U.S. will make more in one season than most of us earn in our entire lives yet, despite those staggering salaries, 78% of NFL players, 60% of NBA players and a very large percentage of MLB players file bankruptcy within five years of retirement. Let's take a look at 5 possible reasons why the average athlete is destined to go (quickly) from fame to shame.
Read More »Canadian Senior Citizens Are Among the Most Affluent People In the World.
In Canada "seniors" (what an awful word!) are the new elite. Politicians pander to them. They get tax breaks up the yin-yang. They suck up most of the health care. Their employers can’t even kick them out the door - not that most need to work. They’re rich.
Read More »Have You Noticed? Stealth Taxation is Here! Here’s Why & Here’s How (+2K Views)
Financial Repression is a form of wealth confiscation and redistribution that is in some ways as effective as taxation - but the government never directly calls it that. It never appears in the budget (directly), and while it is dependent on a comprehensive network of laws and regulations - none of those go through the legislature with a stated intention of creating Financial Repression. So while the economic net effects are similar to a huge and comprehensive set of investor taxes being used to pay down the national debt, the "taxes" are never a campaign issue because voters and investors don't understand what is happening - they only feel the results. [In this article I lay out for you what is slowly developing and expected to escalate dramatically in the next few years.] Words: 5800
Read More »How much can I spend in retirement without running out of money? (+2K Views)
According to the 4 percent rule, retirees who withdraw 4% of their initial retirement portfolio balance, and then adjust that dollar amount for inflation each year thereafter, can create a paycheck that lasts for 30 years. The concept has recently been criticized given the fact that the current crop of retirees are entering retirement during a period of historically low interest rates so the question of how much a retiree can safely spend each year is now more important than ever. This article reviews the original concept and puts forth a number of variations to help you answer the question put forth in the title: How much can I spend in retirement without running out of money?
Read More »China’s Economy: the Good, the Not-so-Good & the Downright Ugly (+2K Views)
Much is written these days about the trials and tribulations of the economic miracle of China - but most is totally ignored. Take a moment to read these introductions to a number of such articles. You might find some of them well worth the time to read and reflect upon.
Read More »What Are the Pros & Cons of the NFL Giving Up Its Non-Profit Status?
Recently, the National Football League (NFL) announced it was giving up its non-profit status. This is a much-coveted designation because it exempts the entity from taxation but, as it turns out, the NFL will also gain considerable advantages. Here are four.
Read More »Don’t Mess With Texas! Initial Bill to Make Gold & Silver Legal Tender Approved
A bill that would make gold & silver legal tender in Texas passed the House of Representatives unanimously last week in a move towards reintroducing precious metals into the everyday lives of the citizens of Texas if they so choose.
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