The Hidden Meaning Behind the State of the Union Address January 29, 2010
Posted by admin in : Hyperinflation , 4commentsI just started watching the State of the Union address on Youtube and was immediately sickened.
I guess I should tell you that I’ve been physically ill since last weekend, but Obama’s speech isn’t helping. It was way too reminiscent of the scenes in the book (or movie) 1984 where the public is forced to participate in mass hate and love demonstrations for their enemies and leaders.
The Painter Announces He Will Install the Plumbing
The first thing that blows my mind about what was spoken on the topic of economics is the absolute retardation of reason. Nobody in the government knows anything about economics. Time and time again, they make predictions and statements that turn out to be completely wrong. These people (Congress, the President, and other bureaucrats) are not economists (and they only acknowledge the economists who support the philosophy of never-ending increases in government spending and power).
They are not the bringers of solutions. If our problems went away, then they’d lose their jobs because we’d have no need for them. They are problem-creators. They are hired to fail.
We are expected to celebrate an announcement that the stimulus worked? Hey didn’t the last President announce (more…)
Audit The FED, Why Not? – Thomas Woods Author of Meltdown Interviewed About Ron Paul's Bill HR 1207 October 29, 2009
Posted by Jeff Nabers in : Money , add a commentWe recently caught up with Thomas Woods the author of the best selling book Meltdown. Learn what he has to say about auditing the Federal Reserve (FED).
Currently, over 300 (more…)
How to break America’s 401(k) addiction May 19, 2009
Posted by reformedinvestor in : Money, Self Directed IRA Solo 401k , add a comment[Contributed by reformedinvestor]
This is my favorite excerpt taken from the interview between Steve Kroft of 60 Minutes and Brooks Hamilton, who Kroft interviewed in his expose on 401(k)s. Hamilton is an expert in designing retirement plans for large corporations.
“The fact is that the typical 401(k) investor is a financial novice. They don’t know a stock from a bond. And we give ‘em a list of 20 or 30 mutual funds with really, really powerful names, you know, they sound like, ‘Gee, that’s where I want to have my money,’” Hamilton said.
“What are the, generally, the quality of the mutual funds in 401(k) plans?” Kroft asked.
“Mediocre,” Hamilton replied. “I’m being real honest with you, with half the funds on the list really dogs, what people would characterize as dogs shouldn’t be on the list to start with.”
So many Americans believed that the 401(k) would be the sure-fire way to safely save for retirement. In fact, it has been reported that 401(k) plans that have become the primary source of retirement income for 60 million Americans. Companies would match our contributions making it irresistible to sock away money in these mutual funds. But the truth is, as exposed by 60 Minutes a few weeks ago, that companies turned to 401(k)s as a cheap alternative to offering costly pension plans. This decision created millions of new employee investors in Wall Street – creating a boom on Wall Street and putting trillions of dollars of investable cash into the hands of unsophisticated investors.
In the 60 Minutes piece, however, experts in the field say (more…)
Who will arrest the investment police? May 17, 2009
Posted by Jeff Nabers in : Self Directed IRA Solo 401k, real estate , add a comment
An unsurprising story surfaced a couple of days ago… SEC attorneys are under investigation for insider trading!
If you can’t truly value that exclamation point I just used, let me help you. The Securities & Exchange Commission (SEC) is a government organization that was formed to convince us that investing in the stock market was safe. Part of their role is to make sure people don’t use their non-public knowledge to make profitable investments in the stock market (yeah, right). This is called “insider trading”. In business, this is known as “doing business”. In real estate, non-public knowledge can turn a peon into a mogul overnight. But in the stock market it is a crime and we give the SEC billions of our dollars to make sure it doesn’t happen.
But, whoops, SEC attorneys are doing it themselves. And a lot. One of the two SEC attorneys currently under FBI investigation made 247 stock (more…)
Book Announcement: UNLIMITED INVESTING March 31, 2009
Posted by Jeff Nabers in : Money, Precious Metals, Self Directed IRA Solo 401k, Uncategorized, real estate , add a comment
In case you haven’t heard through the grapevine, my new book, UNLIMITED INVESTING With a Self-Directed IRA LLC or Solo 401(k): Break Free From Wall Street To Build Real Wealth With Alternative Investments, will be available soon.
I’ve joined (more…)
S&P Price-to-Earnings Ratio Says Market is Still 70% Overpriced March 3, 2009
Posted by Jeff Nabers in : Money, Self Directed IRA Solo 401k , add a commentIf you are choosing to stay in the stock market right now because of any of the following reasons…
- It is poised to bounce back
- You don’t want to close out losing positions
- Stocks are cheap right now
…then the simplicity of the following information may shock you.
Last week (more…)
Obama ashamed of Wall Street January 30, 2009
Posted by Jeff Nabers in : Money, Personal Enjoyment, Self Directed IRA Solo 401k, real estate , add a comment$18,400,000,000.00
18.4 billion dollars. According the NY state comptroller, that’s what was paid out in bonuses on Wall Street last year as the American people lost nearly half of their investment portfolios… about the same amount in bonuses that were paid out in the supposed boom of 2004.
Obama is concerned because he thinks Wall Street’s greed may undermine the government’s plan to rally support for trillions more in “bailout” and “stimulus” packages. Read the whole story here.
I.O.U.S.A viewing this weekend on CNN January 9, 2009
Posted by Jeff Nabers in : Health, Money, Personal Enjoyment, Personal Productivity, Self Directed IRA Solo 401k, real estate , add a comment
CNN to Broadcast I.O.U.S.A. | Obama Foresees Trillion-Dollar
Deficits |
A Bipartisan Plea for Fiscal Responsibility | The Government We
Deserve
CNN to Broadcast I.O.U.S.A.
The public has spoken, and we’ve listened. In response to demand
for information about our country’s financial challenges, CNN/U.S.
will air the broadcast premiere of the acclaimed documentary
I.O.U.S.A. on on Saturday, January 10 at 2:00 p.m. EST and on
Sunday, January 11 at 3:00 p.m. EST. Accompanying the documentary
will be an unscripted panel discussion with policy leaders about
various economic solutions currently under consideration.
This exclusive televised event will air only on CNN, and will be
hosted by Ali Velshi and Christine Romans, co-anchors of CNN’s
Your $$$$$, the network’s weekend business roundtable program.
Throughout I.O.U.S.A.’s broadcast premiere, Velshi and Romans will
engage a distinguished group of panelists, including Pete
Peterson, Chairman of the Peter G. Peterson Foundation and former
U.S. Commerce Secretary; Dave Walker, President and CEO of the
Peter G. Peterson Foundation and former U.S. Comptroller General;
Alice Rivlin, noted economist and former Director of the Office of
Management and Budget; and Bill Bradley, a Managing Director of
Allen & Company and former U.S. Senator and Democratic
presidential candidate, in discussions about issues raised in the
film and their ties to current economic events.
Learn more about the film at www.IOUSAtheMovie.com. And be sure to
spread the word about the U.S. broadcast premiere!
Obama Foresees Trillion-Dollar Deficits
CNNMoney.com reported on Tuesday that when President-elect Barack
Obama takes office on January 20, he’ll inherit an economy deeper
in debt than ever.
Obama commented on the unprecedented deficit, saying, (more…)
The Top 5 Investing Myths of 2008 January 5, 2009
Posted by Jeff Nabers in : Money, Personal Enjoyment, Personal Productivity, Self Directed IRA Solo 401k, real estate , add a comment
2008 was a very interesting year to say the least. Possibly the most productive outcome of the year was the restless message of “rethink things” coming from the little voice beckoning each of us in our minds.
Myth #1… The SEC keeps investment information honest and accurate
The Securities and Exchange Commission (abbr “SEC”) should be done away with. The Madoff debacle along with the dozens of other securities frauds that draw less (or no) attention every single year should be evidence that the SEC is failing. It is tasked with making investments safe and transparent and is having the opposite effect. When an investor or fund manager is considering a particular investment, they believe that the investment is truthful, transparent, and honest because the SEC is supposed to regulate it into such a position. The result can be decreased due diligence because of reliance on the SEC. This leads to disaster when the SEC ends up not doing its job very well. If we didn’t expect the SEC to be “keeping investing safe and honest” then investors and asset managers would take a closer look at investment opportunities which would result in better thought out decisions. I’m not saying the SEC should be doing a better job – I’m saying we shouldn’t expect regulation to create investment safety in the first place.
I believe the SEC does more harm than good by offering a false sense of security.
Myth #2… Financial planners give good investment advice
Something very interesting happened in the last 15 or so years: Stock brokerages spent millions of dollars convincing the American public that securities salesman had become “financial planners”. That move alone shifted the perception of almost every American and the magnitude of Wall Street’s success (theirs, not yours). A “stock broker” is to securities as a car salesman is to cars… but a financial planner sounds a lot like somebody whose job it is to plan your finances. What actually changed to make stock brokers become financial planners? (more…)
Bail yourself out with an Unlimited® 401k October 21, 2008
Posted by Jeff Nabers in : Money, Precious Metals, Self Directed IRA Solo 401k, real estate , 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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