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The Top 5 Investing Myths of 2008

January 5, 2009 By Leave a Comment

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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? [Read more...]

Filed Under: Money, Personal Enjoyment, Personal Productivity, real estate, Self Directed IRA Solo 401k Tagged With: 2008, 2009, 401k, adviser, advisor, bailout, financial planner, government, invest, investing, invstment, ira, ira llc, losses, madoff, meltdown, Money, plan, recover, regain, scam, SEC, self directed, solo, Solo 401k, stock market, strategy, wall street

Bail yourself out with an Unlimited® 401k

October 21, 2008 By Leave 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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Filed Under: Money, Precious Metals, real estate, Self Directed IRA Solo 401k Tagged With: 401k, bank, currency, depression, economy, finance, gold, hedge, inflation, ira, meltown, real estate, recession, self directed, solo, Solo 401k, stock, wall street, wealth

Who will bail out the government?

October 1, 2008 By Leave 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 [Read more...]

Filed Under: Money, Personal Enjoyment, Self Directed IRA Solo 401k Tagged With: 401k, bail out, bailout, citizens, corruption, crisis, debale, economy, fed, federal reserve, finance, global government, government, inflation, invest, investing, ira, lobbying, mortgage, new world order, one world government, solo, Solo 401k, tax, taxpayers, wall street
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