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Next steps – Your money:
Bottom Line: Over the last 36 or so hours I’ve received as much email regarding fear over finances as I have since the Fall of 2008 during the Fiscal Crisis. Before moving forward I’ll remind you that I’m a Financial Analyst and a small business person – not a
Now… Let’s get going. Here are the first principals to consider…
Everything I’ve been sharing with you over the last week has been to prepare you for what happened and what could happen going forward. If you review My Cheat Sheet from Wed – Fri last week you’ll see the outcome of the financial markets based on a win by President Obama. You’ll also see the entry regarding the wild ride we were set up for. The point of those entries weren’t so I can say “I told you so”. I want to prepare you so you’ll be armed with information to take pro-active action if needed and so you’re not caught off guard when extraordinary actions in the markets occur.
Nothing that happened yesterday was unexpected. Actually it’s exactly what I expected based on the win by President Obama. So the landscape hasn’t changed. Therefore you shouldn’t make knee jerk moves with your money that have tax consequences or alter your path for the future.
That being said – it certainly isn’t sunshine and lollipops. In fact I’m far less willing to take on additional risk right now because of the real looming issues in the country. That’s something you must consider but do consider this…
If you park your money in a savings or checking account because you’re afraid of the future you’re losing money because…
With the re-election of President Obama comes the certainty of Ben Bernanke’s policy at the Federal Reserve. The Bernanke has promised to keep “printing money” (QE3) indefinitely.
This certainly allows us to know the following:
So the actions you take with your money should be based on your needs with these considerations in mind. For example… If you’re scared and just leave your money in a savings account. That’s a terrible move because with interest rates where they are you’ll be losing money based on the rate of real inflation.
Pee power (literally):
Bottom Line: Many have attempted to harvest one of nature’s realities. Four teenage girls in
The remarkable young ladies actually have been able to create technology that separates one of life’s natural functions into useable fuel for a generator. That’s truly renewable energy. For complete info click the link below: