Archive for December 8th, 2009

Old habits die hard. They always do. Especially when it comes to money and investing. We tend to spend the way we’ve always spent and invest the way we’ve always invested.

Take gold and silver. Here are investments whose time has clearly come. All the signs point to it. All the stars seem aligned for it. Whether it’s hyperinflation knocking on our doors, politicians spending like last month’s mega-lottery winners, or socialism trying, once again, to take down democracy, there has never been a smarter time to own precious metals.

But just when victory is well within our grasp and a precious metal investment seems like the simplest thing to do, those old habits kick in and, well, we blow it. Continue reading ‘“No, Not ETFs Too?” – The Case For Storing Your Own Gold and Silver’ »

You should be investing in gold for some very simple reasons having to do with the dollar. Investing in gold will protect you from the imminent dollar collapse and hedge your portfolio against inflation.

The following reasons show the US dollar is in serious decline, and why investing in gold is essential:

1. As the dollar continues to inflate (and the U.S. Government has set this in cement with their quantitative easing policy), your buying power with those dollars will shrink.
2. You take out insurance to protect your home and valuables from future loss. It makes even more sense to protect your purchasing power from future loss when you know that you are losing it every day through the hidden taxation of currency devaluation. Continue reading ‘Why You Should Be Investing in Gold’ »

It frequently comes as a surprise to people, but I’m not a gambler. In Vegas, I’m not going to hang out at the Blackjack tables or the slot machines. In fact, you probably won’t see me in the casinos of the hotels at all.

I’m an entrepreneur so I’m certainly no stranger to taking big risks on a frequent basis. It’s part of the job description and I’ve not only learned to tolerate it but embrace it. Continue reading ‘Low Risk Day Trading Strategies’ »

Obviously, there are two opposing sides to the debate surrounding the so-called penny stock millions. The main question is “Can penny stocks make millionaires out of its investors and traders?” If you are to ask this writer, the answer will be a resounding “Yes, you can make millions out of penny stocks!” Here are the right ways to make the almost impossible happen, just so the skeptic voices amongst us can be significantly silenced.

Personality Fit

Just as much as not all penny stocks are created equal, not all personalities are created equal in the arena of penny stock trading. You must determine your personal and professional investment goals and then assess if the penny stocks are the right fit for you. Well, of course, money is money. You must understand, however, that these stocks have the highest amount of risk amongst other investment options. If you cannot handle the emotional roller coaster of extreme ups and downs of penny stock trading, then you are well advised to stay away from it. Continue reading ‘Penny Stock Millions – Can Penny Stocks Make Millionaires?’ »

Your health

The best early retirement planning assumes you are doing everything you can to stay healthy. The cheapest insurance is exercising and eating right.

This may shock you but eating right, at home with goods from the perimeter of the grocery store, is much cheaper than eating out or consuming fast food that is not good for you.

This is a win win folks…exercise is cheap to free and eating right is much cheaper than eating unhealthy food. Continue reading ‘Early Retirement Planning Don’t Forget to Factor in Health and Your Age’ »