I thought I should repeat my investment advice of December as I see it as likely to be even more exceptional at this point. So here it is again..
Bitcoin and Ethereum.. Probability that it will explode.. go up 300% or more in the next 12 months, is now like 90%. And yes, 10% it could go badly, so don’t go way overboard on it. FYI, since I recommended doing this in December they are up a good 50% year to date.
Gold and silver and gold and silver mining stocks. For like 10 years now they have been rigging.. depressing the prices of these assets, but I think things are going to change so I would definitely have some of this.
As to the stock market, I believe it is truly overpriced at this point so I would be careful about any money you have in it.
Uncategorized
I believe we are entering a severe recession and quite possibly a depression. Now I know that this not what you are being told and not what the numbers and the stock market are saying. Best I can tell is that the government is lying to us, bigtime, rigging both the inflation rate and the economic growth rate (the CPI) and also using printed money to support the stock market, and that this will eventually fail and be very bad.
Here is why I say this. Look at what we know is now bad..
- 40% of Americans have maxed out their credit cards. They can’t borrow more, but are faced with interest rates on those balances of something like 22%.
- On prices, do you think they’re only up 19% in the last 4 years? Especially on what we really need to buy?
- Huge numbers of home mortgages are entering default.
- Huge numbers of commercial mortgages are in default.
- Most of our banks are bankrupt due to loading up on 2 -3% treasuries, commercial mortgages, and also home mortgages. Do you really think the Fed can continue to bail them out?
- The federal government has massive unpaid debt and continues to spent trillions more than they take in every year.. and so much of it is spent in really bad.. really unproductive.. ways.
- Many of our big cities are facing really big debt problems.
- Other countries won’t be helping us. Did you know that over 70 countries currencies are facing collapse?
- Lastly, here’s something I’ve seen personally. I have a small wholesale company selling to about 55 California convenient stores attached to the really big gas stations. And it’s reached a point where virtually every one of them are telling us that their sales have crashed. No dropped. Crashed!
As to what I’m investing in, I continue to invest in Bitcoin and Ethereum, gold and silver, and gold and silver miners. They’ve been rigging the gold and silver prices for the last 15 years but the odds are that they won’t be able to continue and that the prices will explode.
On Bitcoin and Ethereum when I first invested 3 ½ years ago at about 9,000 for Bitcoin and Ethereum at about 400, I said that there was a 70% chance of them exploding in price and a 30% chance I’d lose most on my money. Here we are 3 ½ years later and I’ve made 450% on that money and believe the odds going forward are about the same.. say 80% chance prices will explode from here and 20% chance you’ll lost most of your money
As to what you should do.. some gold and silver and gold and silver mining stocks for sure. As to Bitcoin and Ethereum, I leave that up to you.
The Real Keys to a Happy and Successful Life
One of my grandsons graduated college a couple of weeks ago and I felt it was a great opportunity to share with him what I felt was the most important advice I could possible give him.. the real keys to a happy and successful life Something he was very unlikely to have been told during his years in school.
Well it turned out that he indeed had never been told any of this and was truly very happy that I shared this with him.
In doing this I was reminded that very few kids are given this critical information so I thought I would give it to you again so that you may share it with those you care about.
I will also remind you that my website has a free 40 minute course on this subject so you might also want to pass that link on, too. The link is..
http://moneysmartonline.com/courses/
As to the real keys to a happy and successful life here they are. To succeed, you have to do all 10 and anyone can do that. All 10 are very doable if you set your mind to it.
The Real Keys to a Happy and Successful Life
#1- Never trade away what matters most in life (your health, your relationships and liking
what you do with your days) for money, power, possessions or status
#2.. Take good care of your health, invest in and cherish good relationships
#3- Work at something you like
#4- Always maintain a positive attitude and always believe in yourself
#5- Be disciplined.. do what you said you have to do to get what you said you wanted
#6- Always treat others as you wish to be treated
#7- Be willing to take chances, but always do your homework very thoroughly before you do
#8- Minimize making the same mistake twice
#9- Have a written plan for your money and your life
#10- Learn now to successfully manage your money.. and do it yourself
You think I’m kidding you, but I’m not. And no gimmicks
So one of the crewmembers that shot my MoneySmart course video #1- How to Get a Better Price or Deal on Almost Anything decided to try what I said to try, do what I said to do, and to do it exactly like I said in the video.
So he makes a call to the company that has his car loan. The call lasts like 15 minutes and you know what? They cut his payment by over $220 a month. And there’s 39 months left on the loan! $220 times 30 months, that’s $8,580 saved! In 15 minutes!
Now I will admit that was a biggie, but who says you might not have something as big? For sure, I believe there’s no way you can’t save at least $500-$1,000 a year, and do it in like an hour or two, at most .
You want that money? Here’s what you do.
Watch the 3 minute Project Introduction and Overview Video for my MoneySmart Project. At the end of the video you’ll get a coupon to see Course #1 -How to Get a Better Price or Deal on Almost Anything for free. Once you do, you’ll know exactly how to get that money.. that best price or best deal on almost anything.
The bottom line is that when people asked for a better price, they received it more than two-thirds of the time, that 58% of those that ask for a lower medical bill get one, but that over 70 percent of the time people just don’t ask. Either they don’t know the money’s there, don’t know how to ask for it, or are just uncomfortable doing so.
The money is there, but how you ask has a very big impact on whether you’re successful and especially on how much you save.
What you need to do is actually very easy and anyone can do it. Most of the time all you need to know is 3 simple things to do.. really simple.. and two simple sentences.
Do these things and most of the time the money is yours.. a lower price on whatever it is you’re buying and, in most cases a lower price for services.. all kinds of services.. cable, phone service, professional services of all kinds.
But after you’re done watching course #1 you really need to think about those other 6 subjects, because they’re worth a heck of a lot more than $500-1,000 a year. For most people they have the potential to be no less than life changing.
I ask you. What did you ever learn in school about personal money management that you were able to use in your life? Spending, saving investing and such. Nothing, right?
If that’s your answer, you’re far from alone. I’ve asked that question of hundreds of people and always the same answer. Nothing. For most people, however, not having a real life understanding of personal money management has been nothing short of disastrous.
Look at the results..
- 2 people in 3 over 50 today cannot, will not, be able to retire.. 667,000 out of every 1 million people! What are they gonna do?
- Most Americans are now living paycheck to paycheck! 7 in 10 don’t even have $1000 in the bank!
- Money is now the #1 cause of unhappiness in our society today.. the #1 cause of divorce!
The good news is that solving this huge and extremely damaging problem is actually a fairly easy thing to do.
For four years, from 2008 to 2012, I spent a lot of time and money to build a public service project to try to help everyone. I wrote a book, MoneySmart, that was voted best personal finance book of the year in 2011.. been a guest on radio shows and such.
I was able to help thousands of people. But it was thousands, when it should’ve been millions. What I came to realize was that people needed to be able to sit down, face to face, and get a clear, thorough explanation of what to do and how to do it.
So that’s what I decided to build. It’s a program of 7 on-line video courses.
The videos run about 30 to 45 minutes, cost only $23.95 each, and include all of the supporting tools and notes you’ll ever need.
And keep in mind that you almost never have someone advising you about money without a vested interest and I don’t have any, and if this project goes as well as I think it will I’ll just end up donating the majority of the profit to help others.
If you’re like most people, this program is highly likely to save you a great deal of money in the years to come but, far more importantly, to see to it that money adds to your happiness, as it should, not take away from it.. to help you to see to it that you get to live the life you’ve worked for, and do so a heck of a lot sooner than waiting till you’re 65.
So that’s it. That’s what this critically needed project is all about. To learn more, click here Project Introducation and Overview and watch this 9 minute video. It’ll lay the whole thing out for you. After you’re done, pick a quiet time to use your free coupon for course #1. Once you do, I believe you’ll truly be off to the races.
I don't need to tell you how hard it is right now to find a good place to invest your money. Yet every day you're probably looking at your greatest investment of all, every time you look in the mirror.
I know I have talked and written a lot about how important it is to get out of debt, and stay out. But you know what’s just as important? Having an emergency fund. Everyone needs an emergency fund. If you don't already have one, starting one should come before any significant debt reduction. That’s right, BEFORE, debt reduction.