Bail yourself out with an Unlimited® 401k October 21, 2008
Posted by Jeff Nabers in : Money, Precious Metals, real estate, Self Directed IRA Solo 401k , add a comment
With trillions of dollars going to bailing out failing corporations, who’s going to save you?
Take a look around… you’ll probably have to save yourself. Rollover your IRA or 401k funds into an unrestricted account to open a world of possibilities without triggering any taxes. Here are some ideas…
Invest in gold silver, and other precious metals. The last 35 years is just a tiny blip in human history. The rest of the time humans have been walking this earth, gold has been used as money. We came off the gold standard in 1971 and seem to have forgotten that gold will always be valuable while paper will not. Consider buying gold, silver, platinum and other precious metals to store the value of your wealth.
Cash Flow Real Estate. With the real estate market in turmoil, find a bargain. Instead of hoping for appreciation, look for properties that provide a return-on-investment of at least 10% based on rental income, and own it forever.
Raw Land. Buy land in areas that will always have high demand. As energy prices rise, land near dowtown areas of major cities should have a bright future as urban sprawl reverses.
Foreign Currency. If you are petrified of investing, make the safest bet and keep your money in a foreign bank account in a stable currency. Try Canada or Switzerland.
Foreign Stock Markets. Many countries in Asia and South America have booming stock markets. Skip the U.S. middleman and invest directly with a broker in one of these foreign countries.
Private Companies. You can lend money to small businesses. If you find a business that is looking for investors, you may even be able to buy stock in their business. Sometimes evaluating a small, local business is much easier than a large publicly traded one.
Start your own business. You can use up to $50,000 of your retirement funds to start your own business.
Nabers Group helps individuals enter a world of never ending possibilities every day using Self Directed IRA and Solo 401k plans. Don’t let your personal economy be dragged down with the crashing banks and financial service companies. Be independent and take your finances into your own hands.
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Who will bail out the government? October 1, 2008
Posted by Jeff Nabers in : Money, Personal Enjoyment, Self Directed IRA Solo 401k , add a comment
Although the House rejected the recent $700 billion bailout, there is plenty of bailing out that has already happened, and there is more to come. Already:
- $80 billion injected into failed AIG
- IndyMac bank taken over by FDIC
- Bank of America bought Merrill Lynch for $50 billion – 70% over its September 12 closing price
- Bear Sterns was bought by JP Morgan Chase for $1.2 billion and the Fed then loaned JP Morgan Chase $29 billion (without recourse) to ensure that JP Morgan Chase didn’t actually have to suffer the consequences of buying a failed bank
- Washington Mutual failed – it is the largest bank failure in American history. In 2007, its share price was $45. By the time it was sold to JP Morgan Chase, it’s share price was 16 cents. The CEO stepped down on September 8, 2008 and a new CEO received a $7.5 million sign-on bonus. 17 days later, he received an $11.6 million severance package as WAMU filed for bankruptcy.
- Bank of America has become the nation’s largest mortgage lender by purchasing Countrywide & Interfirst
Hundreds of billions of dollars have already been injected into the system as seen on this timeline. It’s been happening every couple of months – 5, 10, or 20 billion dollars at a time. That kind of help hasn’t helped enough, and the $700 billion bailout is a sign that zeros will soon be added to the bailouts, and they will total in the trillions of dollars.
What happens to a company that gets bailed out?
- It becomes either under the control of whoever provided the money; and/or
- It becomes indebted to whoever provided the money.
How will our government pay for this?
Firstly, it’s important to understand that (more…)
Consumer confidence falling & the $600 checks to save the day May 5, 2008
Posted by Jeff Nabers in : Money, Personal Enjoyment, real estate, Self Directed IRA Solo 401k , add a commentDid you get your $600 check yet? What will you do with it? Surveys are saying that most Americans will use their “Economic Stimulus” check to deal with gas, food, and catching up on bills. This doesn’t stimulate the economy.
Consumer spending stimulates the economy. In other words, the Department of Treasury sent out checks to us all totaling $150 billion in hopes that we would buy clothes, jewelry, and electronics. Let’s take a step back for a moment and assess how our system works:
Two thirds of our nation’s economic activity is coming from people spending money. When our economy is “going good” it is because people are spending money – often more than they make or have. When our economy is “doing badly” it is because people are saving money or living within their means.
Finances 101
This is America and everyone wants to be rich. How does one become rich?
Make more money than you spend.
Or spend less than you make… in case that hits closer to home for you.
A person following those rules is becoming wealthy, while a person who practices opposite rules is becoming poorer. Here’s where things start to look funny. Our economic system is booming when people are becoming (more…)
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