Most People Won’t Have Enough to R...
3 Responses to “Most People Won’t Have Enough to Retire”
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The Fiat Dollar, Agree or Disagree...
8 Responses to “The Fiat Dollar, Agree or Disagree”
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Steve Gutshall says:
The 1st thing that came to mind after reading the letter was to look at every time some sort of debacle happens.Where does the whole world run to ? The Dollar everytime. Steve Gutshall
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David says:
It is not only the Fed and the US government destroying the dollar it is also the CEOs and high paid management and traders of the banks and investment banks that are also doing a number on the dollar. Part of it depends on how the high compensation and bonus are handled-whether they are put to work in the capital markets or are the funds put into Swiss bank accounts, gold, or land. What I am trying to say with some difficulty is that if the high compensation of CEOs was funneled back down the production chain in reduced unit cost then goods would be cheaper for the masses or the labor unit cost for the working people could be increased which would create more demand on the lower end of society. In ways the high compensation of CEOs should really create a deflation situation whereby liquidity is taken from the middle to lower classes and concentrated in the hands of the few(this is I would think happening now);however on the other side of the coin the liquidity of the world is concentrated in a few hands with the middle class(what is left of them) and the lower class supported by a government that printing money to provide the support which gets funneled to the rich which do not need it and then it depends on what they do with that liquidity. I can see a case for both inflation and deflation-can the rich with all the liquidity provide inflation, they are a minority-can the middle and lower classes provide the fuel to drive inflation??? What happens when crude oil hits $150 per barrel again with about 18% of the US working population on the government dole(like why do we need to drive) and yet there is all that money created and what does it really mean if we have no wage increases and continual unemployment. I am lost on this whole mess and I do not understand the current valuation of the stock market in relation to the value of resdentail and commercial real estate, high unemployment, high US debt levels, and a number of cities and states next to defaulting on their bonds-beats me.
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Jack Fraley says:
I spent the last 6 months of 2009 researching what is really going on. I have awesome sources. I found the person who first made it clear to anyone who would listen what is going to happen. The dollar will be devalued and this is a planned event. By the way, the whole sub-prime mess is a planned event. The people running the show on this Earth have a goal of removing the U.S. middle class by destroying their wealth. When I attempt to share this info with people, they have no interest in knowing what is going on. My leading Global Economic Cycle Info Source says: “people are sleep walking into the future”.
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robert says:
jeff, right around new years i believe i recall you saying that you were going to try and learn how to trade forex. any progress on that? i tried to self teach myself without much success.
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Mike G. says:
I know of several other analysts making the same prediction – bigger question may not be IF this happens, but WHEN??
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Nikos Findas says:
You are all welcome in Greece.Our Financial Status here is at its Best Shape…
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easy says:
How things change.
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What Insiders (CEO’s) Know That We...
4 Responses to “What Insiders (CEO’s) Know That We Don’t”
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Stan Graham says:
It’s very scary! Is corporate America disintegrating?
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Brad says:
How do you reconcile your warnings to the election cycle historical results. The next 15 months have the majority of each 4 year cycles gains, something like 90%+ if I remember correctly.
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Jeffrey Ziegler says:
Hey Brad,
Thanks for the comment. As far as the election cycle results, I’m trading exactly what I see on the charts and have insurance just in case the election cycle doesn’t pan out. If you’re interested even more, check out my video on Put Options as Insurance here and here.
Jeff
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Jim says:
That’s almost mind-boggling. It seems like they’re preparing for the worst yet to come. But, doesn’t someone have to be buying these shares up for the markets to remain bullish? I wonder who?
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My Favorite Month of the Year...
3 Responses to “My Favorite Month of the Year”
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Dan Hunt says:
I hope you are right. The first two days in September have me a little nervous. Dow is up over 300 points in those two days alone.
Dan
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Steven says:
That is really beautiful!
I share your enjoyment. Sonnenalp is one of my favorite places to stay.
Enjoy!
Steven -
Bill says:
Keep watching Fox News and all the other fear mongers and all will come true. If anyone on Wall Street is banking on the Tea Party candidates to help them are not listening to their platform. They dislike Wall Street as much as government. Next time the big egos make an incredible blunder you can kiss the market goodbye. The Government is not going to step in, just like Hubert Hoover stepped aside and let it crash. I have been trading the Fox Fear Index. It is extremely high right now and the market is heading up.
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I’m seeing this story come to life in my extended family. *sigh* They are reducing their contributions for the future, but actually taking from what retirement $ they have to buy things like, house, car, etc.
As for us, we plan on traveling (living off our IRAs) and allowing the kids to have a college education debt free (through 529 Plan). Our thoughts are there will be no Social Security since all the Boomers are taking it…so we better have a Plan B (B meaning Better).
Jeff,
This is just so very sad. Like the previous comment from Jennifer, I think this is going to be a new normal where many people will never realize their dreams of retirement.
After getting into some problems with using “plastic” over a decade ago and digging out of that situation, our plans included a firm reslove to eliminate all our consumer debts and live within our means. That required sacrifice and we had to struggle with the temptation of wanting it all right now. As a result though we have been able to save quite a lot for the kids college via 529′s, put money into 401k’s and IRA’s and almost payoff a mortgage. But to do that we had to learn to operate on pretty much a cash basis and accept the concept of delayed gratification.
I’m 47 and I believe that even for persons in my age group that Social Security is not going to be there for us at least not in the way we expected it to be. I’m horrified to think though that for more than half the population this is all they have for retirement. It’s truly a sad situation.
My Plan B? Well I look at retirement savings like a multi legged stool…more legs the more stable the platform. So in addition to learning how to trade Credit Spreads for extra income (thanks Jeff!), a few years ago I also decided to limit my participation in my companies 401k only up to extent where I can receive matching funds (its free money after all). Beyond that, faced with the prospect of pitiful returns and a long term decline in the market, I came to realize that nobody is going to care about my money more than I do. So the rest of my retirement savings contributions I put into a self directed IRA.
A few years ago someone turned me on to the idea of buying shares of high yield dividend stocks but only from a very select group.(Clorox and Statoil are two current examples). The twist is that up until a few years ago I had no idea about how to use options as risk management tools. In order to understand this though, I had to go out and get some education about how to use options to hedge the portfolio risk. At certain times now when I percieve greater risks I use Collars, ie I sell Covered Calls and buy Protective Puts in order to lock in gains and hedge the downside risk & continue to collect the dividends. I consider this a long term program (like a kind of insurance for Social Security not being there for me) so I am not worried so much about the day to day fluctuations in the portfolio. So far this has worked pretty well during the recent volatile markets.
One other thing we are looking at seriously too is retirement overseas. I’ve been researching this and there are a surprising amount of low cost places where you can live very well and really stretch your retirement dollars.
Jeff,
I am 61 and planning to kick in SSI next year. What? Take the early penalty? Yes, because there is a marriage penalty. When my wife pushes the button in 2012, SSI will place a combined limit of $2,400/month on us, no matter when we push the button. This is a little known fact that people planning to to do this should look into.
Right now I use 10% of my IRA for active trading. Of that 30% is in conservative (Covered Calls) and 70% is in spread trading (Credit Spreads, Calendars, etc. – depending on the market).
Your course got me seriously started on the Credit Spreads and lead to other spread combinations. Thanks for that.
My daughter was going to put money into one of those college funds and asked my opinion. I looked them over and recommended that she just open a regular saving account and buy good high dividend yielding stock and sell a few Calls now and then. The problem I have with the 529′s are all the restrictions and the poor choice of investment funds (I would never recommend a mutual fund). That’s just me. Pay the dividend gains now when you can afford it and then have the money for college and go wherever you want when you want.
Thanks – Jeff