Investing in precious metals 101

Tag Archives: Savings

  • Insider

    Live Frugally, Retire Comfortably

    The fast-track to financial independence & greater happiness
    by Chris Martenson

    Friday, June 28, 2019, 3:41 PM

    20

    Executive Summary

    • Best practices in cost-accounting from the FIRE movement
    • The appeal of the 4% annual expense strategy
    • Life hacks in extreme frugality
    • The Peak Prosperity community shares its collective wisdom

    If you have not yet read Part 1: Extreme Frugality, available free to all readers, please click here to read it first.

    What if it were possible to uncouple from the ‘rat race’ and thereby regain a big portion of your time to use as you please?

    I assume everyone would find that desirable.  Time would open up for one to volunteer, travel, get in shape, meditate, sleep or do whatever you desire.

    There’s a well-established movement underway the goes by the acronym FIRE, which stands for Financial Independence Retire Early.  It’s not for everybody, and has a ton of pros and cons, and I’m not advocating that anybody blindly adopt FIRE as their framework, although some of you may already pursue it and that’s fine.

    I am saying that the movement has put a lot of thoughtful time into managing the income and expense parts of life and it has a lot of very practical advice to follow if one wishes.

    My role is to set the stage. I’ve spent a huge amount of time reading blogs, finding resources, and condensing the learnings to save you time.

    And what I’ve learned is…

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  • Daily Digest
    Image by Got Credit, Flickr Creative Commons

    Daily Digest 6/6 – Health Insurance Companies Put In For 2019 Rate Hikes, Consumer Debt Outlook

    by saxplayer00o1

    Wednesday, June 6, 2018, 12:23 PM

    20
    • Health insurance companies put in requests for rate hikes for 2019 (New York)
    • Homeless services face cuts as Monterey County deals faces $36.5m gap
    • A Template for Fixing America’s Public Pensions
    • Pool of sub-zero euro debt yields shrinks further in May after Italy selloff
    • Consumer Debt Outlook – May 2018 (Lendingtree)
    • Argentina inflation rising, growth outlook lower -analysts
    • ECB cut back buying of Italian bonds in May, drawing Rome’s ire
    • How legalized pot is affecting employee drug tests
    • More than half of US housing markets were overvalued in April
    • Miles Franklin: Is Japan Going To Walk Away From The U.S. Debt Auction Too?
    • German Healthcare Deficit 300% Greater than Expected Due to Refugees
    • California Water Law Could Prevent Showering, Doing Laundry on Same Day

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  • Daily Digest
    Image by USFWS/Southwest, Flickr Creative Commons

    Daily Digest 2/24 – 1 In 5 Americans Have More CC Debt Than Savings, California’s Recurring Nightmare

    by DailyDigest

    Saturday, February 24, 2018, 6:16 PM

    2
    • 1 in 5 Americans have more credit-card debt than savings
    • Silver: 2018 and Beyond
    • Four Ex-Deutsche Bank Traders Evade U.K. Euribor Case
    • Me, rich? Here’s what Palo Altans think about themselves
    • Venezuela's New Cryptocurrency: Just Another Form of Control Fraud
    • What's Actually Behind Cape Town's Water Crisis
    • California’s Recurring Nightmare: Nearly Half the State is Back in Drought
    • If Climage Change Wrecks Your City, Can It Sue Exxon?

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  • Blog
    Shutterstock

    The Great Retirement Con

    Frankly put: retirement is now a myth for the majority
    by Adam Taggart

    Saturday, November 18, 2017, 12:25 AM

    13

    40 years ago, a grand experiment was embarked upon. One that promised US workers: using new 'defined contribution' retirement savings vehicles such as IRAs and 401k,, they'd be better off when they reached retirement age.

    Which raises a simple but very important question: How have things worked out?

     

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  • Insider
    Lev Kropotov/Shutterstock

    Smart Strategies For Building & Managing Your Cash Savings

    Options for protecting purchasing power
    by charleshughsmith

    Saturday, September 16, 2017, 12:47 AM

    10

    Executive Summary

    • Is it better to hold cash in savings/checking accounts, or securities accounts?
    • Where will the dollar likely from here?
    • What will likely happen with retirement accounts?
    • Ways to diversify your cash risk

    If you have not yet read Part 1: The Cardinal Sin Of Investing: Permanent Impairment Of Capital available free to all readers, please click here to read it first.

    The Role Of Cash In The Informal Economy

    In stagnating formal economies burdened by over-regulation, high taxes and financialization, one of the few bright spots for employment and entrepreneurism is the informal or cash economy.  The more stultified and elite-dominated the economy, the larger and more vibrant the informal economy.  In some highly regulated, high-tax European nations, up to 30% of the economic activity is underground/cash.

    The elimination of central bank currency will not eliminate the informal economy. Rather, the participants in this sector will adopt non-central bank issued forms of cash—precious metals, coins, other nations’ paper money, perhaps even digital currencies such as bitcoin or its gold-linked cousins (Bitgold, etc.)

    Those with little income often do not have bank accounts, as the fees are costly. Eliminating cash will hit the poor who earn money in the informal economy especially hard. Though the poor are essentially powerless in our influence-is-auctioned-to-the-highest-bidder system, this could change once the working poor who benefit from the cash economy are pushed even deeper into poverty by the banning of cash.

    That might spark…

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  • Blog

    What To Do With Your Cash?

    Is it folly to hold cash right now? Or brilliant?
    by Adam Taggart

    Saturday, July 22, 2017, 4:19 AM

    43

    Have you moved a material percentage of your financial portfolio to cash? Have you become so concerned about the meteoric ramp upwards in asset prices that you find it wiser instead to move to the sidelines, build "dry powder", and wait to re-enter the markets at saner valuations?

    If so, you have my sympathies.

    The past 5+ years have been brutal for savers pursuing this strategy. I know this well, as I'm one of those folks, too.

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  • Blog
    Jennbang | Dreamstime.com

    Less Than Zero: How The Fed Killed Saving

    It destroyed the incentive to do it
    by Adam Taggart

    Friday, June 2, 2017, 10:27 PM

    11

    Savings accounts were created to provide an incentive for people to plan for the future. Put money away today, let it grow through the miracle of compounding interest, and have more tomorrow.

    Prudent savings is essential to a healthy economy. It offers resilience during downturns, and provides seed capital for productive enterprise.

    But we are no longer a nation of savers. The Federal Reserve has killed the incentive to be one.

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