Since this new investment system does not yet have much diversity, I was looking for different investments. One of the most interesting that I found was the Euro Pacific International Value Fund. A mutual fund? Yes, I am a bit surprised myself.
After writing many posts about how bad mutual funds are, why am I considering this one? Because it makes sense. It follow’s Peter Schiff’s investment approach. I read a few of his books and I agree with his investment philosophy. You can read about it here.
Why is this mutual fund a good idea?
Read more…
Investing, Money, Success
currencies, dollar, investment system, mutual funds, risk, stop loss
Here is the second installment about my new investment system. So far, I explained some trades in silver and gold. This post is about trades in the currency markets.
Unlike many currency trading system, this system is not an intraday system. I expect the trades to last for several months, at least. They are based on global economic policy, and the massive printing of U.S. dollars. These trades are based on the belief that the Indian and Chinese economies will perform better than the U.S. economy in the near future. Read more…
Investing, Money, Success, US Economy
currencies, dollar, forex, Money, risk, rupee, stop loss, Success, US, Yuan
After reading about 25 books on investing, trading and automated trading, I finally came up with an investment system. Hopefully it will help crystallize your own investment philosophy.
Although there is an unlimited amount of information available about investing, it is a real challenge to find the good stuff. What is the good stuff, anyway? I think “good” information about investing (and in general) has the following characteristics: Read more…
Automated Trading, Investing, Money, Success
401k, eft, gld, Investing, methods, Money, plan, retirement account, slv, Success, system
After writing yesterday’s post about the True Cost of a Car, I took a look down and saw my cell phone. I thought about how much a cell phone really costs, in the context of financial freedom.
A $45,000 Cell Phone
How much does a cell phone really cost? How much do you pay? For a cool phone like an iPhone, it costs $299 for the phone, plus $36 for an activation fee. Then, it costs about $110 per month for calls, data and text. Add taxes and other fees and it comes out to about $135 per month. Divide the startup costs by 24 (months), and the average monthly cost is $150.
Why does it cost $45,000?
Read more…
Dreams Come True, Investing, Money, Success
android, cell phones, crowds, ERE, iPhone, Money, spending, status, Success, waste
Like most things in life, we usually make snap decisions about buying a car. We go to a dealership to “look at cars”, and two hours later we are excited to discover we are driving our shiny new car home. Has this happened to you? It has to me.
Unfortunately, this is the worst possible way to buy a car. $250 per month may sound affordable, but nothing could be further from the truth. $250 per month does not come close to the cost of owning and using a car.
Read more…
Dreams Come True, Investing, Money, Success
car, cost, debt, ERE, groceries, Investing, Money, payment, retirement, Success, work
After reading this article about Hedge Funds Buying Gold, I remembered so many of the reasons that it is such a great investment. I have posted about gold numerous times in the past. Many individuals think that gold is overvalued because it has quadrupled in the last 10 years. But if you consider many different metrics, it is actually undervalued.
Gold Price 2000 - 2010
What kind of metrics would you use to figure out how accurately gold is valued? I think the best one is its ratio to the money supply. There is a relatively fixed supply of gold. When governments (like the U.S.) start printing money at a furious pace, then the price of gold is going to rise. Since gold is priced in dollars, more dollars naturally makes the price of gold rise.
Read more…
Great Books, Investing, Money, Success
gold, government, hedge funds, Investing, job, Money, Success, trends
As Social Security begins to collapse and the millions of baby boomers begin to retire, many will wonder where all the money went. It was only last year when would-be retirees lamented,
“My portfolio is down 50%, so I can’t retire. I don’t even open up those statements anymore”
Dow 2006 - 2010
Did you see these people on the news? I remember them clearly. But now that the market has recovered, they are long forgotten. And the lesson was not learned. Most people have their entire retirement account invested in mutual funds. As soon as the market goes down again they will be in the same unenviable position.
Read more…
Investing, Money, Success
Investing, Money, mutual funds, retire, risk, social security, stop loss, Success, train wreck
I just checked out Kapitall (with 2 l’s) and was really surprised to find so many new and fresh ideas. After my experience with Cooliris, I thought how wonderful it would be to find new ways of displaying the same old, boring stock data. And, just like that, a few days later I found out about Kapitall!
The Kapitall Desktop
As I mentioned before, I think that computers have come a long way in the last 30 years, but the way we interact with them has not changed much since the introduction of the mouse. And, looking at stock charts hasn’t changed either, except that they have gotten more complicated and less readable.
Read more…
Business Strategy, Internet, Investing, Success
Apple, design, detail, Internet, Investing, kapitall, management, Money, portfolio, stocks, web sites
It seems like a pretty simple question, but most people I talk to have never even thought about it. People just seem to go to work, come home, crack open a cold one, and watch TV until it is time to go to sleep. I guess people don’t like to think about this question because the answer is “a lot more than I have right now”.
After reading this article on Yahoo, I started thinking about it some more. If people had a concrete number, would that make it easier to achieve? In my personal experience, having a goal accelerated the process in a huge way. Even if when I set the goal it seemed like it would take forever.
I think part of the problem is that people don’t really think about spending money. They just buy what they want, and randomly say, “I can’t afford it” at other times. It seems that at the most important times, like when buying a house or a car, we do spend the money.
Read more…
Dreams Come True, Investing, Money, Success
budgets, compound interest, dreams, ERE, finance, goals, Money, planning, retirement, strategies, Success
OK.
Make sure there’s no one reading this over your shoulder. Is the coast clear? Cool.
So, here’s the number one most incredible money secret: there are no secrets.
People are continually using The Secret this, or The Secret that to make their information appear occult or specialized. Bloggers are notorious.
Hey, guilty as charged. Here’s my Money Secrets post. And the Financial Secrets of an Abundant Mind.
The thing is, these are open personal financial secrets. There’s nothing secret about handling your money astutely. It goes a little like this.
Save regularly.
Spend smartly.
Invest intelligently.
Those aren’t really what I consider secrets. They’re obvious. They’re the subjects of millions of books, articles, posts, and bull sessions.
Read more…
Investing, Money, Online Investing AI
finance, financial, funds, Money, personal finance, secret, secrets
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
