Buying Opportunity
Downturns often do this.
What is a financial Planner?
Sunday, February 11, 2018
Cryptocurrency News: Drones and Crypto, Hacked Exchange, Banks Banning, Mining Farm
Why Cryptocurrency News: I include crypto news for this retirement page because it has become a new avenue for investment and speculation. Also, because it is likely we'll all be forced to know this information at some point. Learn now and stay ahead.
Comparison - Drones and Crypto
He has a point. But money is what we are talking about and the disposition of debt is the oldest aspect of social interaction. Drones, well, they serve a purpose but not like money whatever its form.
Italian Exchange Hacked for $170 million in Crypto
More examples of why you shouldn't leave your money on an exchange
Banks Banning CryptoCurrency Purchases by Credit Card
This actually makes sense for a number of reasons. First, if a credit card is stolen and used to by crypto the chances of the bank getting the money back is likely zero. Second, the volatility of cryptos mean that any purchases are pure speculation and it's very possible buyers will get in over their heads. Third, Interest rates are facing upward pressure so paybacks from customers might slip and having nothing but crypto to recover doesn't sit will with banks.
Bitcoin Billionaires to Buy Island
If only I had thought of buying crypto earlier most of us would say. Then we could get our own Islands.
Skater Paid in Crypto
Ormeus Cryptocurrency Mining Farm
This is a big part of why crypto is not going away.
Comparison - Drones and Crypto
He has a point. But money is what we are talking about and the disposition of debt is the oldest aspect of social interaction. Drones, well, they serve a purpose but not like money whatever its form.
Italian Exchange Hacked for $170 million in Crypto
More examples of why you shouldn't leave your money on an exchange
Banks Banning CryptoCurrency Purchases by Credit Card
This actually makes sense for a number of reasons. First, if a credit card is stolen and used to by crypto the chances of the bank getting the money back is likely zero. Second, the volatility of cryptos mean that any purchases are pure speculation and it's very possible buyers will get in over their heads. Third, Interest rates are facing upward pressure so paybacks from customers might slip and having nothing but crypto to recover doesn't sit will with banks.
Bitcoin Billionaires to Buy Island
If only I had thought of buying crypto earlier most of us would say. Then we could get our own Islands.
Skater Paid in Crypto
Ormeus Cryptocurrency Mining Farm
This is a big part of why crypto is not going away.
Saturday, February 10, 2018
Retirement Phases
3 Retirement Spending Phases
If you find a way to get in some of retirement leisure during your earlier years then worry about the excess cost of a later retirement may not matter as much. You might feel as if you've found what you want to do and be where you want to be.
If you don't have kids and grandkids then your financial considerations are simpler in the sense that you can plan for life annuity contracts rather than planning on a legacy for a descendant. It also means that if you have your cash flow managed then you will be less concerned how large are your total assets.
If you find a way to get in some of retirement leisure during your earlier years then worry about the excess cost of a later retirement may not matter as much. You might feel as if you've found what you want to do and be where you want to be.
If you don't have kids and grandkids then your financial considerations are simpler in the sense that you can plan for life annuity contracts rather than planning on a legacy for a descendant. It also means that if you have your cash flow managed then you will be less concerned how large are your total assets.
Retirement News: 1/3 Boomers Confident, Early Retirement Balance, Fidelity Avg. Tops 100k, A Federal Retirement plan fix for the country that could work
1/3 Confident
No one should feel 100% confident because anything can happen.
The Right Balance For Retiring Early
12 times your income for retiring at 55. That sounds lower than most recommend but I suppose it depends on what else you have coming in.
Fidelity Accounts for Retirement Average Tops 100k
The market has been good for savers and investors.
A Federal Retirement plan fix for the country that could work
No more taxes and no more cuts and instead a set aside that could actually be available to those that work and not subject to lawsuits or taxes might make it even more useful.
No one should feel 100% confident because anything can happen.
The Right Balance For Retiring Early
12 times your income for retiring at 55. That sounds lower than most recommend but I suppose it depends on what else you have coming in.
Fidelity Accounts for Retirement Average Tops 100k
The market has been good for savers and investors.
A Federal Retirement plan fix for the country that could work
No more taxes and no more cuts and instead a set aside that could actually be available to those that work and not subject to lawsuits or taxes might make it even more useful.
Money News: Gold Backed Dollar, Bear Markets, Fractional Banking
Gold Backed Dollar - The only way this will likely happen is if a crypto dollar is created in the manner of bitcoin. Rather than gold how about oil. Anything that can be done to avoid a Yuan dominated financial world is better for the USA, and possibly better for the West. In the end though, unless gold backed, fake money in the form of paper will be as useless as fake news. It will revert to zero.
The Worst Bear Market in our Lifetime - The buildup of debt will destroy our money and our economies. This is the essence of what most doom predicting economists are saying.
Fractional Reserve Banking - Why we're at risk.
The Worst Bear Market in our Lifetime - The buildup of debt will destroy our money and our economies. This is the essence of what most doom predicting economists are saying.
Fractional Reserve Banking - Why we're at risk.
Equifax Hack Worse than First Reported
Equi-Hack
I learned that my information may have been compromised. The only options that are clear cut are a full multi-agency credit freeze. The agencies used to charge $10 each for these but recently I tried it and there was no charge. It may not stay that way, but it is an improvement. The only question now is to remove the freeze may be a problem when needing credit.
I learned that my information may have been compromised. The only options that are clear cut are a full multi-agency credit freeze. The agencies used to charge $10 each for these but recently I tried it and there was no charge. It may not stay that way, but it is an improvement. The only question now is to remove the freeze may be a problem when needing credit.
Dividend Stocks to Power a Retirement
3 Dividend Stocks to Own
There are good good ones, but J&J falls among the best and has been for decades. When I look in my medicine cabinet I find a good percentage of the items are J&J product. Consumer personal care products always seems to be safe place no matter the conditions of the economy.
Instead of Buying a Harley the idea of owning the stock instead makes sense. I sold my Harley when I decided that I was getting too old to recover from taking a fall, though I'd be better off converting it to shares in the company. I haven't done that.
You can buy an ETF that will do the job with more diversification. Vanguard has some good high dividend funds with very low expenses.
Disclaimer: I own Vanguard VYM and VYMI among others. I'm just sharing my thoughts on the subject and don't recommend these specific funds. Do your own research and make your own choices or find a financial advisor.
There are good good ones, but J&J falls among the best and has been for decades. When I look in my medicine cabinet I find a good percentage of the items are J&J product. Consumer personal care products always seems to be safe place no matter the conditions of the economy.
Instead of Buying a Harley the idea of owning the stock instead makes sense. I sold my Harley when I decided that I was getting too old to recover from taking a fall, though I'd be better off converting it to shares in the company. I haven't done that.
You can buy an ETF that will do the job with more diversification. Vanguard has some good high dividend funds with very low expenses.
Disclaimer: I own Vanguard VYM and VYMI among others. I'm just sharing my thoughts on the subject and don't recommend these specific funds. Do your own research and make your own choices or find a financial advisor.
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