Posted on 03/02/2013 5:39:14 AM PST by dennisw
Trying to focus on the markets for today and each day and the economic news
A number of people have talked about such a thread. Lets see how it goes. This is where you can impart some investment wisdom to your fellow freepers. You can vent about
the big one that got away. You can chime in how Obama is out to wreck American capitalism.
If you see another FR economic thread you like and want to link to it here, please do
Post your favorite economic site links. Your favorite precious metals blogs and sites
Apmex.com is a solid place with good reputation to buy precious metals Kitco is a good site for charts and other precious metals information
Ping list -- on or off let me know here or via freep-mail. If I missed you then Freep-mail me
ping
Mexico to audit its gold holdings at the Bank of England
http://www.freerepublic.com/focus/news/2992752/posts?page=20#20
Spend less than you make
Pay down your debt
Establish an emergency fund
Contribute to a 401(k)/IRA
Choose a diversified portfolio of index funds
Rebalance when the funds get away from your chosen allocation.
Consider taxes when buying or selling in a non tax advantaged account.
I’ll add one more to your list....
Make your maximum contributions to a Roth IRA, (or several).
At the rate this bunch is going to raise taxes, tax deferred accounts like 401’s will cost more to withdraw than paying upfront today, IMO.
I didn't figure this out until I was about 35 years old and nearly $20k in debt.. (not counting mortgage and auto!).... Took me about 15 years to get OUT of debt.
I do still have a mortgage... but, I'm 7 years into a 15yr loan, with significant equity. So, I'm feeling better about it.
I've made sure to pound this notion into the heads of my sons. It's really very simple: DON't let more money get to your checking account than you NEED to live on month to month. Hide it in savings accounts, or investment accounts...
WHATEVER GETS TO CHECKING, GETS SPENT!
At least, that's the way it's worked my household. My wife and I raise or lower our level of spending depending on the balance we see when we take out ATM's. :-(
Gold seems to have followed Romney into the election:
and now reflects some likelihood of renewed "deflation". I use that word in quotes because there will have to be real inflation in the longer run and that puts some strength under gold. Politicians want to spend more money and BB is willing to print it up and gives it to them, but the sequester put a small hiccup in that plan. Once the pork parties agree to spend again gold will break higher in about a month or two.
I am dyslexic when it comes to dates :)
This is today’s thread
Seeking Alpha is a great site for investment info although political commentary is generally discouraged.
Also, I post my politics there all the time if it has to do with investing. They can try to ignore Obama all they want, but if he screws up, I call him on it. They don't appreciate sheer name calling however, and I can understand that. If Obama is killing the coal industry and I own BTU, you can bet I will have something to say about politics. Same as BP, RIG, and HAL. What Obama does and thinks has a great deal to do with some markets. The only reason we even notice solar companies now is Obama.
I've had people post that I should leave my politics off my posts, but if it's staring you in the face, why ignore the elephant in the room?
“Seeking Alpha is a site anyone, and I mean anyone, can post their wildest ideas on...Be careful what advice you take from there...I’ve had people post that I should leave my politics off my posts, but if it’s staring you in the face, why ignore the elephant in the room?”
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There’s certainly no shortage of commentary in the investing world and much of it is uninformed and often stems from dubious intent. However, I do discover some interesting insights from SA. Investing is like gold mining where you have to sift through tons of dirt to find a few precious grains.
I personally find the political comments distracting and not adding much value to the discussion. I’m not there to discuss politics; I’m there to find out as much as I can about good companies to invest in. I strongly object to everything Obama does, and liberalism in general, but I don’t have to inject politics into everything I do.
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