Simple. Fight food inflation with gold. Don’t want to lug it to your car, pay storage fees and insurance? There are plenty of ETFs that will do the heavy lifting for you. Costco has been selling up to $200 million worth of gold bars a month. The Daily Mail's Neirin Gray Desai reports: Costco is now estimated to be selling up to $200 million worth of gold bars a month - but have Americans who bought them made a profit? Those who bought them last year or earlier this year before gold jumped in price will have made a profit, DailyMail.com research shows. Those who bought them more recently … [Read more...]
How’s Your State’s Financial Health?
How is your state's financial health? Have politicians done so poorly with the taxpayers' money that they'll soon be forced to raise new revenues? Or have your state's leaders been careful stewards of its funds, creating a brighter future for you and your children through financial stability? At the Cato Institute, Marc Joffe discusses the wide variance in state fiscal health in America, writing: With California’s very late publication last month, all fifty states have now produced audited financial reports for their 2022 fiscal year. The availability of these reports allows us to compare the … [Read more...]
Your Retirement Life: A Living Income from Savings
You want a forward-looking indicator? Look at the stock market or 10-year Treasury bond—both flashing warning signs this week. But how about years from now? What will the decades ahead—your retirement life—look like? What if we’re going back in time? You and I, we’re in the business of patience. With so much attention paid to what the market did this week or who won last night’s game, it can be difficult to remember that investing is an endeavor in b-o-r-i-n-g. At least until you have enough to retire on, and then it’s fun. Saving money takes time. Every day you’re taking baby steps … [Read more...]
Don’t Underestimate Government’s Ability to Get it Wrong
In October of 2001, Under Secretary for Domestic Finance at the Treasury Department, Peter Fisher, explained that the United States would stop issuing bonds in 30-year maturities because short-term debt was so much cheaper. At the end of Q3 2001, 30-year Treasuries had a yield of 5.42%, while 10-year bonds yielded 4.6%, and and the government could borrow for 12 months at 2.49%. The spread between 30-year and 12-month Treasuries was 2.93%. CNN Money reported at the time: NEW YORK (CNNmoney) – The U.S. government said Wednesday it no longer will issue 30-year Treasury bonds because they don’t … [Read more...]
What to Do with Higher Mortgage Rates?
Prospective homebuyers are asking themselves, "Will rates come down?" Inflation has pushed rates higher, and some buyers are giving up hope. Rachel Wolfe and Imani Moise report in The Wall Street Journal: Prospective home buyers are giving up hope that interest rates will come down soon. They are changing their life plans accordingly. An engaged couple that had sold stocks to fund a down payment now expects to rent for another five years. A family that was looking to trade up is considering building an extra room instead. An investor plowing ahead on a purchase is scaling back his profit … [Read more...]
Get Paid During Your Golden Years
With the 10-year treasury at 4.5%, retired and soon-to-be-retired investors are seeing rates they can sink their teeth into for longer—don’t let inertia keep you down. How high will they go? Not my concern. What I am concerned about is that you get paid during your golden years with some cold, hard cash from interest payments. Consider a mix of stocks and bonds. Run your finger along my efficient frontier and understand it’s not necessarily what you invest in but how you invest. In other words, are you diversified? How about your CDs that are maturing? Pay attention because … [Read more...]
Investing for the Hidden Inflation in Your Home
With housing costs rising, why not invest in areas that offset them? You know how high insurance premiums, utilities, and home repair costs are. That’s why I like to have a mix of stocks that operate in these specific areas. I want you to get paid too. In The Wall Street Journal, Nicole Friedman discusses the hidden costs of homeownership that are skyrocketing. She writes: Darren Gondry has owned his four-bedroom home near a golf course in Louisville, Ky., since 2004. He and his wife, Lori Gondry, paid off their primary mortgage in 2021. That hasn’t stopped other bills associated with … [Read more...]
Your Survival Guy Likes 5% on Money Market Rates
With interest rates rising, don’t miss the boat with your lazy cash stuck on the beach. BofA strategists say, "History suggests redemptions won’t begin until a year after the Federal Reserve starts cutting interest rates." You still have plenty of time to consolidate with my favored Fidelity Investments and enjoy money market rates of around 5%. Farah Elbahrawy reports for Bloomberg: Investors are still flocking to cash funds, and Bank of America Corp. strategists say history suggests redemptions won’t begin until a year after the Federal Reserve starts cutting interest rates. Money-market … [Read more...]
“If Only I’d Followed Dick Young’s Advice Sooner”
“If only I’d followed Dick Young’s advice sooner,” is a refrain Your Survival Guy hears all the time. If there’s one piece of advice Dick Young would give to every investor, young and old, it would likely be this: You need to beat inertia. You need to make it a great month. In other words, you—in a world that can feel out of your control—have more control than you think. Your actions or non-actions dictate a big part of your life. Which leads me to this. “Survival Guy,” I ask myself, “What is the biggest difference between a prospective client and a client?” Easy. Trust. And it’s not just … [Read more...]
Want to Buy a Home?
Want to buy a home or know someone you love who wants to? Don’t let current mortgage rates keep you from building equity. Get in the game. This whole idea of young couples renting is not helpful. There’s nothing like a mortgage to focus one’s mind on being a producer. And if you are retired or soon to be, then pay that mortgage off. This isn’t about inflation. It’s about owning your home, not the bank. Action Line: A home is a long-term investment. When you want to talk about investing long-term, I'm here. In the meantime, click here to subscribe to my free monthly Survive & Thrive … [Read more...]
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