Efforts to enforce American sanctions on Iran have led the U.S. government to blacklist COSCO shipping, the world's largest shipping company, and the owner of 6% of the world's VLCC (very large crude carrier) fleet. The fallout from the blacklisting has created a boon for American oil exporters who have picked up the slack. Costas Paris reports at The Wall Street Journal: Shipping executives say the U.S. action late last month over allegations that the vessels were tied to illicit shipments of Iranian crude has hit more than 40 tankers operated by a subsidiary of Cosco Shipping Energy … [Read more...]
Breaking News: Fidelity’s $0 Commissions Done the Right Way
Well, it’s not exactly breaking news that Fidelity has said it will offer free online trading. What is worth noting is they will not be making money off of your cash by lending it out as was explained here: You may have seen that Charles Schwab has reduced its commissions to $0. But when you dig a little deeper you realize there’s a catch. As it turns out it’s free but Schwab gets to use your cash, lend it out, and pocket-the interest you could have made. “Schwab doesn’t use money-market funds or short-term Treasury funds, which could earn nearly 2% at recent rates,” explains Jason … [Read more...]
Your Retirement Life: Sweet Home Alabama
Whether you like golf, music, food, or all of the above, there are plenty of reasons to visit Alabama. Not least of which is Alabama's third-lowest cost of living in the United States! Here are some of my favorite destinations in Alabama. Robert Trent Jones Golf Trail Muscle Shoals Lucy Buffett's Lulu's Lucy Buffett is the sister of Jimmy Buffett. Lynyrd Skynyrd - Sweet Home Alabama - 7/2/1977 - Oakland Coliseum Stadium (Official) … [Read more...]
$0 Commissions: Charles Schwab Has Always Been About Charles Schwab
You may have seen that Charles Schwab has reduced its commissions to $0. But when you dig a little deeper you realize there’s a catch. As it turns out it’s free but Schwab gets to use your cash, lend it out, and pocket-the interest you could have made. “Schwab doesn’t use money-market funds or short-term Treasury funds, which could earn nearly 2% at recent rates,” explains Jason Zweig at the WSJ. “Instead, it shunts the cash into Charles Schwab Bank, which currently pays 0.55% on the money—and then turns around and lends it out at roughly 2%.” Clearly you can see Schwab isn’t working … [Read more...]
Your Retirement Life: Check Out the New Corvette C8
Your Survival Guy had a chance to check out the new Corvette C8. Starting out at $59k this stunner is a game-changer. Jay Leno has the first look at the 2020 Chevrolet Corvette Stingray - Jay Leno's Garage Jay Leno has turned his passion for cars into an investing strategy. See how he does it here. … [Read more...]
RIP Ginger Baker
Eillie Harrison of The Independent writes of Baker's life: Ginger Baker, the legendary drummer and co-founder of rock band Cream, has died at the age of 80. Last month, the musician’s family announced he was critically ill in hospital, but no further details of his illness were disclosed. On Sunday morning, a tweet on his official Twitter account stated: “We are very sad to say that Ginger has passed away peacefully in hospital this morning. Thank you to everyone for your kind words over the past weeks.” Baker had suffered from a number of health issues in recent years. He underwent … [Read more...]
How to Find the Best Place to Retire
If you are like many soon-to-be-retirees in America, you're looking forward to getting away from your cold, northern, probably-high-tax state and settling down in retirement in a southern locale with low taxes and warm winters. But, how can you know where you'll like it best in your Golden Years? I encourage you to do some A/B testing. Live short-term or spend a vacation in some of the places you'd potentially move to during retirement. Without actually staying there for a month or more, it can be hard to judge whether or not you'll be happy. There's another way to get a feel for new … [Read more...]
Welcome to the Hotel California of Investments
Welcome to the Hotel California of Investments: Indexed Annuities. With surrender fees as much as 10% per year lasting as long as 10 to 12-years, “You can check out any time you like, but you can never leave!” Take caution: Because as money flows into indexed annuities remember that the big winners are certainly the insurance companies and the salesmen (who make 5 to 8 percent of the sale). Penelope Wang explains at Consumer Reports: Unlike regular annuities, which give a fixed payout, returns on indexed annuities rise and fall with the stock market. But these annuities don’t invest in … [Read more...]
Stocks Cap Their Best First Three Quarters in 22 Years
Despite the ongoing trade war and skirmishes in the Middle East, stocks posted their best three first three quarters since 1997. Gunjan Banerji writes in The Wall Street Journal: The S&P 500 is now sitting just 1.6% below July 26’s all-time high, but it has also risen a mere 2.2% from a year ago after a brutal selloff last fall—encapsulating the sideways trading pattern that has gripped markets since the beginning of 2018. The quarter ended on a relatively quiet note. The S&P 500 ticked up 0.5% to 2976.74 Monday, paced by Apple, which closed at its highest level this … [Read more...]
You Need to Get Out of Your Survival Comfort Zone
You cannot allow yourself to get into a survival comfort zone. It's easy to do. The best example is the time spent at the gun range. Are you sitting at the bench, firing round after round from the perfect position? Or do you test yourself in a variety of positions like prone, one-handed, and standing? Are you practicing your draw, or simply plinking away in controlled conditions? If you answered the latter, you're in a survival comfort zone. And you need to break out of it. A recent article in Guns America reminded me of the necessity of breaking out of your comfort zone. Jordan Voight … [Read more...]
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