My April RAGE Gauge is in, and RISK remains HIGH. Therefore, I want you to be a mindful and cautious investor, especially with your “safe” money. Your anchor-to-windward savings need to be safe. I’m talking specifically about bonds. Bonds are not dead, far from it. They’re alive and well, especially if you have access to new and secondary market issues. And not just letting the chips fall as they may. Remember, bond prices swing in the opposite direction of interest rates. Their sensitivity to interest rate swings is measured by duration. As a rule of thumb, duration (measured in years) … [Read more...]
You’re Telling Me Friends Ask You This Question
You’re telling me what friends are asking you the most. But first, let’s take a step back. You’ve been through a lot over the last year. Most of you stuck with me as we watched the world turn upside down. We lived to fight another day. Hey, I’m Your Survival Guy, not your "hope we make it" guy; what did you expect? You didn’t think I’d leave you behind, did you? You didn’t panic (maybe a little), you didn’t drop to your knees and raise your hands to the sky in despair (it’s OK, no one saw that), and you stuck to your plan (too scary not too). You made it through in your own way in one of the … [Read more...]
Biden Tax Hikes: I’m Here to Help, But Only if You’re Serious
Well, that didn’t take long. Less than two months into his presidency and Joe Biden wants to raise taxes because we need to pay for all the SPENDING. Give me a break. They’re not interested in paying for anything. They won’t be paying for their spending, they’ll just be creating dollars out of thin air. Look at the chart of M2 money supply below to see how it’s already started. Press Secretary Jen Psaki talks to us with a face that says “I hate you,” and “I will crush you,” and looks just fine with the idea of taking more of what’s yours. She doesn’t look like she worries too much about … [Read more...]
Parents and Politicians Fight Abuse by Teachers’ Unions During Pandemic
There are still places in America where schools are closed. Despite a promise by Joe Biden that he'd have them open in his first 100 days (by April 30), teachers' unions in many places have no intention of opening schools. The selfish response to the pandemic by teachers' unions, who have left children at home dealing with the mental distress of isolation, has opened the eyes of many parents and politicians who are now fighting back. You've read a lot about West Virginia Governor Jim Justice here lately, and that's because he's leading a charge to make the state part of America's "growth … [Read more...]
Fidelity is #1: Meet FidSafe and Raise Your Family’s Level of Preparation
UPDATE, 3.29.21: One of the best ways FidSafe can help your family is with useful estate planning document management tools. You can start out on FidSafe with their estate planning checklist, that helps you organize all your most important files the right way. There are many documents you’ll need to be fully prepared, including a last will and testament, durable power of attorney, trust documents, marriage licenses, vehicle titles, charitable wishes, deeds, and more. FidSafe helps you remember it all, keep it safe, and have it ready when needed. Originally posted on September 24, 2020. A … [Read more...]
Tax Season Is the Perfect Time To Teach the Grandchildren About Money
It’s tax season, why not show your grandchildren how to keep more of what they make? First, tell them about tax-deferred accounts, and then explain to them the power of compounding. Look at the difference between Grandchild A, whose grandparents explained the power of compounding and saved early and often, and Grandchild B whose grandparents only started saving later. Action Line: Save early, save often, and start saving now for your children or grandchildren. As you can see in the table above, if you start early, it doesn't take a lot to deliver the rewards of compounding to your … [Read more...]
Sen. Joe Manchin and Democrats Trying to Kill West Virginia’s Tax Cut Plan
You read yesterday that Gov. Jim Justice of West Virginia is trying to turn his state into a destination for liberty retirees and anyone looking for a better place in America. Not to mention his desire to make West Virginia a better place for people already there. But working against him are Democrats in Congress, including Sen. Joe Manchin (D-WV). Democrats have lined up billions of dollars to be given to every state in America, but have attached rules to the money that will intercede in states' local affairs by preventing them from cutting taxes for their citizens. That's especially … [Read more...]
Is This State the Next Destination for America’s Liberty Retirees?
You want to build yourself an 'island' in retirement. You want to separate you, and your money, from those who would take it from you. Settling down in one of America's growth corridors is a good first step toward finding the right place in America. But if you want to get a head start on your retirement, and move while you're still working, you probably want to find a state with low, or no income taxes. There are seven states with no personal income taxes, including: Alaska Florida Nevada South Dakota Texas Washington Wyoming New Hampshire doesn't have personal … [Read more...]
Business Isn’t the Enemy, It’s the Answer
You may remember when Ronald Reagan said, “The best social program is a productive job for anyone who’s willing to work.” He was right. If there is anything America has learned from governors going wild and shutting down their states' economies, there's no bailout or stimulus that can provide for Americans as well as their own entrepreneurial spirit can. One place in America where you can see the difference in the performance between government and the private sector is Newark, NJ. For years then-Mayor Cory Booker and other politicians tried to engineer resuscitation efforts for the … [Read more...]
Could Biden and Cuomo Kill New York Forever?
You may never see another migration like you saw in 2020. The number of people leaving New York City in 2020 was breathtaking. Between January 1, and December 17, 2020, about 3.57 million mostly wealthy people left New York City. The lost income caused by all those wealthy New Yorkers escaping the city was about $34 billion. That's like New York losing an economy the size of the entire country of Latvia in a single year. People were fleeing New York last year because of the pandemic, and the BLM/Antifa riots that plagued the city and others across the country. But the flow of wealthy … [Read more...]
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