Today’s Hottest Investment Question

I’ve been telling you it’s a bad time to invest in the stock market (even in index funds for now), so exactly where and how should you invest your money for the time being? Retirement money and other savings should basically be in very short term fixed income investments right now. But let’s break this down and understand where to (and not to) invest your money while returns are so painfully low, while still protecting them from unstable markets and likely to lose investment opportunities. I know it’s rough to even contemplate returns so low they don’t even make up for inflation, but most of the successful investors I know personally are doing what I am right now and are holding out until better returns can be achieved and most importantly keeping our money secure. We sit here waiting for the game to shift and the next opportunity to arrive, as they always eventually do.

How to Deal with Financial Corruption

The system of personal money management in this country has become corrupted beyond belief! Those that have trusted it and followed the advice of the vast majority of the financial services industry and the majority of the financial media have seen their finances, their futures, and often their lives, deeply damaged.

Should I Invest in Gold?

I’ve been asked that question a lot, especially in the last month or so. Over the past year I have consistently advised against investing in gold and that advice has been pretty good as the price really hasn’t changed much. I do believe there will come a time when owing some gold will be a very good idea, but I don’t believe we’ve reached that point as yet for a variety of reasons.

We See Through the Lies!

Earlier this week, a New York Times article came out that really caught my attention. It was disappointing to see the typical economic spin that encourages people to invest with the financial services industry NO MATTER WHAT taken to such great lengths, but was also encouraging to see that the article was in response to a terrific new trend by their customers. People are really starting to catch on that it’s not a good idea to invest in the stock market, especially not at this time, and have been pulling their money out. Now, that’s great news.

One Message Stands Out

If there is one message that stands out with all that’s going on in this country it is this:

The only way to create lasting financial security and erase stress related to money is to depend on yourself. Don’t count on the stock market or money from the government, and especially don’t rely on the advice and guidance from the Financial Services Industry. This industry manages the savings and financial plans of most Americans, but does not know how to create profit for their customers; rather they are trained to successfully market the idea that they do. It’s an industry whose track record has been devastating to the finances of most Americans over the last 10-15 years.

4 Ingredient Recipe for Financial Success

‘ve had 63 years of business experience; 63 years of trial and error since my father set me up with a paper route at the age of 9, telling me he would only pay for the roof over my head and food from then on. He was true to his word and while it was harsh by today’s standards, it sure was effective. That’s when I got serious about making my way and have certainly made my share of errors along the way. What I’ve learned is that the recipe for success is the faithful practice of just four basic ingredients. Achieving success, whether in business or personal finance, is within reach of everyone.

High Inflation is Coming—What to Do

Over the last 22 years I’ve made 4 major forecasts; when to get into the stock market and when to leave; when to invest in real estate and when to get out. Now I’m making another major call: high inflation is coming and it’s very important to understand what it will mean to you and what to do about it. High inflation means higher prices, yes, but it has major implications for your current investments and for your financial plans in general, so it’s best to position yourself in preparation for it now rather than getting caught losing big.

Financial Help at a Terrible Price

Did you see what happened this week on Wall Street? It was quite a story! Last Wednesday, an executive director at Goldman Sachs resigned through an op-ed article in the NY Times. It was really something, the guy just unloaded about the toxic work environment where doing right by clients was not even a topic at sales meetings. The focus was on ripping clients off in a variety of ways including by persuading them to invest in products left on the books that the company was trying to dump. He even shared that he had seen no less than five different managing directors refer to their own clients as “muppets” in emails. It’s shocking and yet somehow it’s also not a surprise, right?

Scam Savvy: Spotting Current Scams

Every year millions of people are taken in by a scam. You’ve heard of some of the most common ones like the Nigerian letter schemes. I’m sure you’ve been exposed to several and hopefully have spotted them right away. Unfortunately they do work often enough to keep them coming and new ones are being invented all the time. The key is to be sure you know how to spot and avoid them no matter the packaging.

Money Can Add to Happiness—If You Use it Right

Yeah, yeah, I know all too well that money isn’t the ultimate source of true happiness, but I tell you, having financial security and knowing that I’m making smart choices about my money sure do provide a nice warm feeling. Sadly, money has become a huge source of stress for most people and is now the number one cause of divorce, of health problems, and of unhappiness. If this is the case for you, you can change it if you decide to, and I believe you’ll find it well worth the effort. Here are three straightforward yet very powerful steps to get you started.