COMMON SENSE

Doctrader

Said in May 2006….”

Image via Wikipedia

The stage is set, for most Americans the collapse will be felt in their retirement accounts and 401(k). The next level of pain will be their home valuations, and lastly the cost of food and energy. It will be up to you to take the necessary steps to preserve your wealth by using protective stops and put options if you own individual stocks.

MarketWatch.com

By John Letzing,

SAN FRANCISCO (MarketWatch) — Cleveland-based AmTrust Bank, with 66 branches and roughly $8 billion in deposits, was closed by regulators Friday, as the ongoing credit crunch continued to claim victims.

Three smaller banks in Georgia, an Illinois-based bank and a Virginia bank were also shuttered, bringing the 2009 total to 130.

The three Georgia-based bank failures bring that state’s total this year to 24.

Flash back in time since April 2009… when only 23 banks had failed!

Huffington Post

2 more banks fail, lifting this year’s tally to 23

Apr 10, 2009 … This year’s tally of 23 bank failures is nearing the total for all of … to 25 for this year and 50 since start of 2008 for the failed banks…

Related articles by Zemanta

• FDIC Bank Insurance Fund Plunges Into Red (abcnews.go.com)
• Regulators shut AmTrust Bank in Ohio (seattletimes.nwsource.com)

Technorati Tags: AmTrust Bank, bank, Bank failure, Banking Services, business, financial services, Georgia, Illinois

Bookmark It

Hide Sites

Please comment on this tag cloud. Do you like or don’t like?

Also, the Health Care AD run by the AFL-CIO UNION

Technorati Tags: AFL-CIO, Barack Obama, health, Health Policy, History, Labor, Society and Culture, United States

Bookmark It

Hide Sites

Arcording to  Trent of the “Simple Dollar”

Three Questions to ask yourself if you are in your 20’s and want to save for Retirement.

1. If money were no object, what would you do with your time?
2. Are you frugal?
3. Are you interested in having children?

The Simple answer is….

Just worry about the saving for now – don’t sweat the details.

Many people get overly wrought about making sure that their money is in the “perfect” investment. To put it simply, your investment choice is secondary – by a long shot – to simply saving your money as soon as possible and as much as possible. Start saving now. If you don’t know what to invest in, just ask for suggestions from the representative there. Since it’s a tax-deferred retirement account, you can make investment changes later on without any tax issues.

Doctrader says: The most import aspects of long term planing is learning there are market cycles. If you can identify the market cycles, you will be miles ahead in your investment choices!  During bull markets, you should have your money invested in high growth areas of the market through an index fund.  When the bull market begins to wane, you should move your long term investments to a money market position or a  cash position.    If you chose a “stable fund” alternative to cash, you run the risk of losing money due to inflation or hidden land mines within a “stable fund”.

Stable funds usually are guaranteed by an insurance companies.  Insurance companies are subjected to the 7 deadly sins of investing.

These are:

• regulation
• investigation
• litigation
• arbitration
• capitalization
• Taxation
• politicization

These 7 deadly sins of investing will impact your future retirement.   If you are serious about your future, your best option is to “create a product or service” which can launch your career into a small business.  After all, our founding fathers were small businesses.  In  fact, most of new jobs created today and in the future will belong to small businesses.

My suggestion, turn your passion into a profitable small business!

doctrader

Related articles by Zemanta

• New Rules of Retirement: What to Do in Your 60s (time.com)
• Survey Shows Many Americans Now Plan To Work Past 67 (time.com)
• Retiring Wisely (800ceoread.com)

Technorati Tags: 401k, 7 deadly sins, business, Inflation, insurance, investing, Investment, market trend, Money, passion to profits, Small business

Bookmark It

Hide Sites

It’s Not a “Wonderful Life”, as posted by

Monty Pelerin’s World , Economics, Finance and Politics Through The Prism of Classical Liberalism

The overhang to any economic recovery is the banking system. There is no way to know how bad the banking problems really are, given the accounting or lack thereof. Banks, with an encouraging wink and a nod from regulators, have refused to realistically value their assets. In some cases, these values may not even be determinable, other than to say they are currently grossly overvalued.

Image by Getty Images via Daylife

US Banks & The FDIC, Are Delaying Their Losses

Posted by Larry Doyle on December 3, 2009

Postponing losses in hopes that one can trade out of them is a game very rarely won. In similar fashion, not acknowledging losses in hopes that the situation improves and the loss is mitigated is also a recipe for disaster. All one needs to do is look eastward to Japan to realize that. Ultimately, a loss not only must be realized, but paid.

Technorati Tags: Asset, bank, Banking Services, Banks and Institutions, business, Federal Deposit Insurance Corporation, financial services, government, Larry Doyle

Bookmark It

Hide Sites