Been a while since I have posted to the ol blog! Been too busy trading and waiting for this stinking dinar to RV. I do think it will happen, but who knows when. In the mean time, have you made your plans for when it does?
We have heard from many dinar investors who are at a loss of what to do with the funds from such a large potential return. Many have never invested in anything before the dinar. Even if you have considered other investments, you should take time NOW to do a little more research to help you come up with a game plan to preserve and grow your wealth when the Iraq Dinar RV does come.
Not everything we report on will be right for all investors, and you will want to consult with your own financial professionals. However, we also feel that you need to educate yourself on possibilities, just as you no doubt have done with the Iraqi dinar.
Just look at the many celebrities and sports heroes who have left the investing of their money to advisors only to end up broke after earning Millions during their careers! Don't let a Bernie Madoff happen to you. Make your own educated financial decisions and you will be a LOT better off.
Here are a few areas we are recommending to our clients and associates:
I) Master Limited Partnerships (MLPs)
Do your research and these vehicles can pay you a nice income for many years, largely tax-free!
II) Guaranteed Retirement Contracts
What! We are referring to Indexed Annuities. If the failed celebrities, lottery winners, and sports heroes mentioned above would have put at least some money on these, they would have a guaranteed check for the rest of their lives.
III) Foreign Currency
For most it is easier to do this with ETFs and Everbank that to learn how to trade the FOREX market. One thing is for sure, you don't want all of your savings tied to the shrinking US dollar. Even if the USD does rebound, you could do well in other currencies - without leaving the US to do it!
IV) CDARS
Put simply, you can have FDIC insurance on multi-million-dollar deposits, and do it all through one bank. They spread it around for you to multiple banks, and you get just one statement from them with all the info on it. Sure beats running around looking for banks! (Check the program out at cdars.com)
V) Tax-Free Lifetime Profits
Our favorite strategy for this is using the ROTH IRA or 401k. If you are fortunate enough to have some dinar or other investments inside of a ROTH, you are way ahead of the game.
You may also see other strategies out there for foreign corporations, charitable trusts, LLCs and more, but for our money, you can't beat the simplicity of the ROTH!
There you have it. Just enough to get you started. Now you need to get my full report on Post Iraq Dinar investments. Get your copy now at:
http://DougOnRadio.com/PostRVinvest
Friday, January 28, 2011
Wednesday, May 5, 2010
Ride It Up & Ride It Down
Been awhile since we posted anything here, but wanted to update ones on what is going on in the market. Since March the US Markets have rallied. On the way up, many were setting on the sidelines wondering when would be a good time to get in. Now that we have had a few downward corrections, ones are trying to determine what to do.
My question is WHY? Does it not make MUCH more sense to just follow the market wherever it goes? That is what we do as index traders. I'm constantly amazed by how many investors have not figured that out yet. We can make money when the market is going up, and we can make it even faster when it is going down!
Don't try to time. Why look for the best time to get in? Just follow it wherever it goes and make BIG money with a bunch of little trades. Sure, some won't go your way. So what! Get out, and then get back in. It really is that simple. All you need to learn are a few basic price patterns and clues, and you could join us on our daily trading calls!
What are you waiting for? Get on over to:
BigMoneyWithLittleTrades.com
and join us now. Don't spend another minute trying to figure out what the market will do. WHY?
My question is WHY? Does it not make MUCH more sense to just follow the market wherever it goes? That is what we do as index traders. I'm constantly amazed by how many investors have not figured that out yet. We can make money when the market is going up, and we can make it even faster when it is going down!
Don't try to time. Why look for the best time to get in? Just follow it wherever it goes and make BIG money with a bunch of little trades. Sure, some won't go your way. So what! Get out, and then get back in. It really is that simple. All you need to learn are a few basic price patterns and clues, and you could join us on our daily trading calls!
What are you waiting for? Get on over to:
BigMoneyWithLittleTrades.com
and join us now. Don't spend another minute trying to figure out what the market will do. WHY?
Friday, January 15, 2010
Job or Income Loss? Welcome The Powerful Post Card
We recently started doing some offline marketing for some of our financial products. Before I was full time on the Internet in 1997, I had been doing mail order biz for years (since the time I was about 15 years old).
What I've noticed is that a lot of the big online marketers are tying in offline promotions as well. It really is a great idea, and we had done some offline marketing to drive traffic to our sites, but we are going to be hitting this in a BIG way in 2010!
When it comes to offline marketing, there is nothing I like more than the good old post card. A post card does not have to be opened. It is easy to stick into your pocket and carry to your desk or office.
Post cards can help even brick and mortar businesses generate traffic (and sales) too. The problem is that many business owners (online and off) don't know anything about marketing with post cards.
Did you know that you can easily have cards printed and mailed for you - all online? That you can reach just about any target market with Post Cards?
We are using cards to help our affiliates generate more referral income. Let's face it, not everyone can master online marketing techniques. They seem to change daily (although the principles stay the same - never ending strategies pop up all the time), and there is no end to it.
Have you tried any (or all) of the following:
* Search Engine Optimization (an uphill battle to say the least)
* Pay Per Click Campaigns
* Article Marketing (though many think they can - not everyone is a writer)
* Traffic Programs & Schemes (these change weekly)
* Ezine Advertising
* Email List Marketing
* You Tube & Video Traffic Tips
* Social Networks (Twitter, Myface etc)
The list goes on and on! Who has that kinda time? I'm a full time online marketer and teacher and I can't keep up with it all! I can't imagine someone who is working a full-time job, and trying to get a net biz going too, mastering the online marketing trade.
However, any idiot (myself included) can mail a card! You really only need to master 1 or 2 things with post cards:
1) Mailing Lists
If you master the strategies of finding good lists to mail to, and how to match them up with your offer, you could even have a bad card and still generate traffic and make money.
2) Create a Good Card
I am assuming that you already know how to put a stamp on a card (and if you don't, you can get it done for you all online) and drop it in the mail. If you have a good offer on your card, you would be surprised how ugly the card can be and still work (for some markets the ugly card may actually pull better).
Of course, you will need some type of follow-up system and a good product or service to offer.
Here is the message of a post card that has pulled well for us:
------------------------------------------------------
NEED MORE INCOME? CAN YOU MAIL A POST CARD?
If You Will - Then You Can Be Successful
Join Our Team & Build a Solid Financial Future
Little-Known Income Streams Pay Like Clockwork
HERE IS OUR SIMPLE 3-STEP PLAN:
1) Build your investment account fast with post cards
2) Make Rock Solid Income Investments
3) Rinse & Repeat Until You No Longer Have To Be Concerned About Money Ever Again
YOU "MUST SEE" OUR ONLINE VIDEO NOW AT:
www.IncomeInvestingMadeSimple.com
------------------------------------------------------
There you have it. That simple card is changing lives and drawing folks to our site. Have you thought of using offline marketing to draw in traffic? If so, you may want to take our new Video Course on the subject.
Get your copy now and you'll get our Income Investing course too for less than 1/2 of what others are enrolling for! Check it out now at:
www.IncomeInvestingMadeSimple.com
What I've noticed is that a lot of the big online marketers are tying in offline promotions as well. It really is a great idea, and we had done some offline marketing to drive traffic to our sites, but we are going to be hitting this in a BIG way in 2010!
When it comes to offline marketing, there is nothing I like more than the good old post card. A post card does not have to be opened. It is easy to stick into your pocket and carry to your desk or office.
Post cards can help even brick and mortar businesses generate traffic (and sales) too. The problem is that many business owners (online and off) don't know anything about marketing with post cards.
Did you know that you can easily have cards printed and mailed for you - all online? That you can reach just about any target market with Post Cards?
We are using cards to help our affiliates generate more referral income. Let's face it, not everyone can master online marketing techniques. They seem to change daily (although the principles stay the same - never ending strategies pop up all the time), and there is no end to it.
Have you tried any (or all) of the following:
* Search Engine Optimization (an uphill battle to say the least)
* Pay Per Click Campaigns
* Article Marketing (though many think they can - not everyone is a writer)
* Traffic Programs & Schemes (these change weekly)
* Ezine Advertising
* Email List Marketing
* You Tube & Video Traffic Tips
* Social Networks (Twitter, Myface etc)
The list goes on and on! Who has that kinda time? I'm a full time online marketer and teacher and I can't keep up with it all! I can't imagine someone who is working a full-time job, and trying to get a net biz going too, mastering the online marketing trade.
However, any idiot (myself included) can mail a card! You really only need to master 1 or 2 things with post cards:
1) Mailing Lists
If you master the strategies of finding good lists to mail to, and how to match them up with your offer, you could even have a bad card and still generate traffic and make money.
2) Create a Good Card
I am assuming that you already know how to put a stamp on a card (and if you don't, you can get it done for you all online) and drop it in the mail. If you have a good offer on your card, you would be surprised how ugly the card can be and still work (for some markets the ugly card may actually pull better).
Of course, you will need some type of follow-up system and a good product or service to offer.
Here is the message of a post card that has pulled well for us:
------------------------------------------------------
NEED MORE INCOME? CAN YOU MAIL A POST CARD?
If You Will - Then You Can Be Successful
Join Our Team & Build a Solid Financial Future
Little-Known Income Streams Pay Like Clockwork
HERE IS OUR SIMPLE 3-STEP PLAN:
1) Build your investment account fast with post cards
2) Make Rock Solid Income Investments
3) Rinse & Repeat Until You No Longer Have To Be Concerned About Money Ever Again
YOU "MUST SEE" OUR ONLINE VIDEO NOW AT:
www.IncomeInvestingMadeSimple.com
------------------------------------------------------
There you have it. That simple card is changing lives and drawing folks to our site. Have you thought of using offline marketing to draw in traffic? If so, you may want to take our new Video Course on the subject.
Get your copy now and you'll get our Income Investing course too for less than 1/2 of what others are enrolling for! Check it out now at:
www.IncomeInvestingMadeSimple.com
Saturday, December 12, 2009
Did You Get Your 401(r) Royalty Check Yet? What The Heck is That?
I recently got a teaser email that was touting a 401(r) royalty check. First let me share with you some highlights about this investment that for the most part is true, and then I'll tell you what a 401(r) check really is. Here are a few points the email (from our friends at Personal Finance) was touting:
Not many Americans have heard of this secret money strategy.
Unlike IRA or 401(k) plans, 401(r) lets you draw checks at any time, at any age and with no income requirements of any kind. I strongly believe that every man, woman and child should be taking advantage of this strategy.
Paychecks can be $10,000, $20,000, $50,000 or more Depending on your particular situation. The best news is, they are largely tax free (you may have to pay tax on 10 - 20% of the money)!
These normally aren't publicized like traditional IRA or 401(k) retirement plans. Perhaps that is why so few know anything about them.
In a recent article, Kiplinger's Personal Finance pointedly said of this investment "a hidden asset class that Wall Street hasn't awoken to."
This amazing asset can give you a nearly tax-free income you can start collecting at any time.
Forbes magazine said that they are "a good place to be during this market funk. They offer good yields, tax breaks and strong growth potential."
Barron's stated, these income streams are a “pay off for taxpayers... offering double-digit returns today.”
"Enjoy largely untaxed income"
—Forbes Magazine
OK, so what exactly are 401(r) Royalty payments? Why are they the best place for your savings now? How can you get your name on the list to start getting paid this mostly tax-free income?
Actually I think the 401(r) is a play on the Royalty word. There is no such section in the IRS code that I can find. The 401 section ends with (o). What they are really pushing is MLPs. I have written about them before many times, and am really fond of the investment vehicle!
Actually with MLPs you are deferring the taxes, and you will have to pay them later. However, you can defer them for a long time and maybe even pass your MLPs onto your heirs.
If you’re not familiar with MLPs, they are publicly traded partnerships called Master Limited Partnerships. They focus mainly on the energy arena. Primarily dealing with natural resources like coal and oil. Most of the large and stable MLPs are pipeline companies. They are set up similarly to REITs. MLPs pay no corporate tax as long as they pass along essentially all of their income to unitholders (the limited partners, those who own shares of the MLP). MLPs Generally pass along a lot more money than they make, and you can defer your taxes on a lot of it. Of course, "no taxes" and "deferred taxes" are very different. Check with your tax advisor and do your research on MLPs. They may well fit into your investment strategy.
MLPs can be somewhat difficult to get info on. Check out my new "How To Analyze Anything" video course for simple strategies and discover free online tools to learn all you need to know about MLPs (and much more). To get your Free MLP Report go here.
Not many Americans have heard of this secret money strategy.
Unlike IRA or 401(k) plans, 401(r) lets you draw checks at any time, at any age and with no income requirements of any kind. I strongly believe that every man, woman and child should be taking advantage of this strategy.
Paychecks can be $10,000, $20,000, $50,000 or more Depending on your particular situation. The best news is, they are largely tax free (you may have to pay tax on 10 - 20% of the money)!
These normally aren't publicized like traditional IRA or 401(k) retirement plans. Perhaps that is why so few know anything about them.
In a recent article, Kiplinger's Personal Finance pointedly said of this investment "a hidden asset class that Wall Street hasn't awoken to."
This amazing asset can give you a nearly tax-free income you can start collecting at any time.
Forbes magazine said that they are "a good place to be during this market funk. They offer good yields, tax breaks and strong growth potential."
Barron's stated, these income streams are a “pay off for taxpayers... offering double-digit returns today.”
"Enjoy largely untaxed income"
—Forbes Magazine
OK, so what exactly are 401(r) Royalty payments? Why are they the best place for your savings now? How can you get your name on the list to start getting paid this mostly tax-free income?
Actually I think the 401(r) is a play on the Royalty word. There is no such section in the IRS code that I can find. The 401 section ends with (o). What they are really pushing is MLPs. I have written about them before many times, and am really fond of the investment vehicle!
Actually with MLPs you are deferring the taxes, and you will have to pay them later. However, you can defer them for a long time and maybe even pass your MLPs onto your heirs.
If you’re not familiar with MLPs, they are publicly traded partnerships called Master Limited Partnerships. They focus mainly on the energy arena. Primarily dealing with natural resources like coal and oil. Most of the large and stable MLPs are pipeline companies. They are set up similarly to REITs. MLPs pay no corporate tax as long as they pass along essentially all of their income to unitholders (the limited partners, those who own shares of the MLP). MLPs Generally pass along a lot more money than they make, and you can defer your taxes on a lot of it. Of course, "no taxes" and "deferred taxes" are very different. Check with your tax advisor and do your research on MLPs. They may well fit into your investment strategy.
MLPs can be somewhat difficult to get info on. Check out my new "How To Analyze Anything" video course for simple strategies and discover free online tools to learn all you need to know about MLPs (and much more). To get your Free MLP Report go here.
Thursday, December 10, 2009
Guaranteed Retirement Contracts
After the melt down in the stock market, many of the millions of baby boomers who are now retiring (or close to it) are looking for a solid retirement vehicle. How would you like to own Guaranteed Retirement Contracts?
If the market tanks, you get paid. If the market goes nowhere, you get paid. If the market goes up, you get paid even more. Some of these contracts have paid as much as 11% on your money.
What's more, You can start collecting large monthly paychecks right away. If you are at all worried about the stock market, and you are looking for an investment that will send you a paycheck every month, no matter what happens with the economy or markets, these contracts are definitely something you should consider.
Barron's calls these unique investments, "The new way to retire." And Money Magazine stated that these contracts, "will become the retirement investing rage." The Journal of Financial Planning said that these contracts, "could be a magic bullet."
The monthly checks you receive are guaranteed, not only by a cash-rich U.S. firm, but also by the state government in which the company operates.
If you want to guarantee a lucrative paycheck every single month, no matter what happens in the markets or the economy, this could be the perfect investment answer for you!
So what is this unusual investment that can guarantee you a nice check every month no matter what the market does? Indexed Annuities. There are different types of annuity contracts you can buy, but the indexed version is your best option in my opinion. Why? Because it is tied to the market when the market is rising, and reverts back to a guaranteed interest plan when the market is dropping. You get the best of both worlds! Why worry about another drop in the market when you can benefit ONLY from up moves?
Most people don't realize that every state has a state guaranty fund that backs annuity contracts. This state fund will kick in and pay you should the insurance company who sold you the contract go out of business. Normally the guaranty fund insures your annuity (and life insurance contracts) up to $100,000.
So there you have it, a Guaranteed Retirement Vehicle with an Indexed Annuity. Do a search online and read up on them. Then check with your financial advisor. If you are in Oklahoma, Arkansas, or Texas, contact me and I can put you in touch with an agent that offers what I feel is the best Indexed Annuity on the market!
Also, if you order my Analyze Anything video course you will get more info on these and other Rock Solid income streams that work great for retirement income streams. Get info on this HOT new course now at:
Rock Solid Income Streams
If the market tanks, you get paid. If the market goes nowhere, you get paid. If the market goes up, you get paid even more. Some of these contracts have paid as much as 11% on your money.
What's more, You can start collecting large monthly paychecks right away. If you are at all worried about the stock market, and you are looking for an investment that will send you a paycheck every month, no matter what happens with the economy or markets, these contracts are definitely something you should consider.
Barron's calls these unique investments, "The new way to retire." And Money Magazine stated that these contracts, "will become the retirement investing rage." The Journal of Financial Planning said that these contracts, "could be a magic bullet."
The monthly checks you receive are guaranteed, not only by a cash-rich U.S. firm, but also by the state government in which the company operates.
If you want to guarantee a lucrative paycheck every single month, no matter what happens in the markets or the economy, this could be the perfect investment answer for you!
So what is this unusual investment that can guarantee you a nice check every month no matter what the market does? Indexed Annuities. There are different types of annuity contracts you can buy, but the indexed version is your best option in my opinion. Why? Because it is tied to the market when the market is rising, and reverts back to a guaranteed interest plan when the market is dropping. You get the best of both worlds! Why worry about another drop in the market when you can benefit ONLY from up moves?
Most people don't realize that every state has a state guaranty fund that backs annuity contracts. This state fund will kick in and pay you should the insurance company who sold you the contract go out of business. Normally the guaranty fund insures your annuity (and life insurance contracts) up to $100,000.
So there you have it, a Guaranteed Retirement Vehicle with an Indexed Annuity. Do a search online and read up on them. Then check with your financial advisor. If you are in Oklahoma, Arkansas, or Texas, contact me and I can put you in touch with an agent that offers what I feel is the best Indexed Annuity on the market!
Also, if you order my Analyze Anything video course you will get more info on these and other Rock Solid income streams that work great for retirement income streams. Get info on this HOT new course now at:
Rock Solid Income Streams
Thursday, December 3, 2009
Your Fed is The Creature From Jekyll Island
This morning (12-3-09) I was glued to the TV and the Senate Banking Committee hearing on the reinstatement of Ben Bernanke. The old boy from Kentucky, senator Bunning, was giving him the work over! Boy, did he let him have it!
Bunning ended his comments with "Your Fed has become the Creature From Jekyll Island". WOW! He also told him that he would do everything in his power to see that ol Ben was not reinstated as Fed Chairman! It was good TV. I wonder if they will even show any of it on the news? I doubt it.
Bunning also asked questions of why the bail out companies were ever allowed to pay such Huge bonuses to their executives. He brought out several other good points and questions which Bernanke never answered. Senator Dodd wouldn't even allow it or make time for it (I don't think Ben wanted to respond to the points anyway).
If you have never read anything about the Creature From Jekyll Island, you should. You can find YouTube video (you may even see some here on this blog) as well as the book online. Just Google it and you should find all kinds of links to it. You will discover some exciting history that often is not covered in the main stream. In fact, the main stream tries to ignore or flat out discredit many of these historical events.
It never ceases to amaze me how much wool the big boys have pulled over most folks eyes. So much so, that if you try to tell people these things, the majority of them will think that you have lost your mind.
Personally I don't think there is much we can do about it. Many investors are wondering what will happen with the Fed.
As index traders we really don't care what they do (we figure it will probably be wrong anyway). We just follow the index wherever it goes for income that they can't take back from us.
That is what index trading can provide for you, an income they can't take away. Good to have this day and age!
It really does not matter what the market (or Fed) does, we can go along for the ride. The question is, will you be with us, or setting on the sidelines waiting for a real solution to the world's problems? (Hint: Don't hold your breath while you're waiting!). The Fed will keep pulling their stunts with the money supply, and as traders we will go along for at least part of the ride. That way, we can cash in no matter what the Creature from Jekyll Island does.
----------------------------------------------
Doug West has worked in Financial Planning and Investment training for over 20 years. Get his No-Cost Audio Report on how you can Secure Your Retirement with Free-Online Tools:
Get your Free Report Here and discover Rock Solid income strategies, including how you may be able to increase your social security check by 50%.
Learn the art of simple Mini-Dow Index Trading.
Bunning ended his comments with "Your Fed has become the Creature From Jekyll Island". WOW! He also told him that he would do everything in his power to see that ol Ben was not reinstated as Fed Chairman! It was good TV. I wonder if they will even show any of it on the news? I doubt it.
Bunning also asked questions of why the bail out companies were ever allowed to pay such Huge bonuses to their executives. He brought out several other good points and questions which Bernanke never answered. Senator Dodd wouldn't even allow it or make time for it (I don't think Ben wanted to respond to the points anyway).
If you have never read anything about the Creature From Jekyll Island, you should. You can find YouTube video (you may even see some here on this blog) as well as the book online. Just Google it and you should find all kinds of links to it. You will discover some exciting history that often is not covered in the main stream. In fact, the main stream tries to ignore or flat out discredit many of these historical events.
It never ceases to amaze me how much wool the big boys have pulled over most folks eyes. So much so, that if you try to tell people these things, the majority of them will think that you have lost your mind.
Personally I don't think there is much we can do about it. Many investors are wondering what will happen with the Fed.
As index traders we really don't care what they do (we figure it will probably be wrong anyway). We just follow the index wherever it goes for income that they can't take back from us.
That is what index trading can provide for you, an income they can't take away. Good to have this day and age!
It really does not matter what the market (or Fed) does, we can go along for the ride. The question is, will you be with us, or setting on the sidelines waiting for a real solution to the world's problems? (Hint: Don't hold your breath while you're waiting!). The Fed will keep pulling their stunts with the money supply, and as traders we will go along for at least part of the ride. That way, we can cash in no matter what the Creature from Jekyll Island does.
----------------------------------------------
Doug West has worked in Financial Planning and Investment training for over 20 years. Get his No-Cost Audio Report on how you can Secure Your Retirement with Free-Online Tools:
Get your Free Report Here and discover Rock Solid income strategies, including how you may be able to increase your social security check by 50%.
Learn the art of simple Mini-Dow Index Trading.
Sunday, November 15, 2009
Maximizing Your Retirement Income & Lifestyle
Millions of baby-boomers are now reaching retirement age. With the recent meltdown in the markets, many may be wondering what they can do to insure the lifestyle and income they once were planning for. In this article, I give you my favorite retirement income strategies.
First off, if you are still working, you should MAX out any employer-matched plans you may have at work. The closer you are to retirement, the more you should be contributing to these plans. If the markets scare you, then asked about any guaranteed interest option your employer may offer, and put as much as you possibly can in the plan.
Think about it, if your employer matches your contributions 50% or even 25%, where else can you get that kind of instant return on your money? NOWHERE! So, if you are not maxing that thing out (and most folks are not) you really need to start. Even if it means you have to cut back on your lifestyle right now.
Secondly, if you don't have an employer matched fund at work, what other options do they have? If you work for a school system you should look in the benefits of a 403(b) plan.
If you are self-employed, and have not saved anything for retirement, you may think seriously about working a few years for the school system and maxing out the plan.
My favorite retirement vehicle by far is the Roth. Either the Roth IRA and/or Roth 401k. These could well be the best wealth generating tools available for the average person today! In my opinion, many tax advisors, financial planners, and CPAs have given their clients bad advice in this area. I think every man, woman, and child in the US should have one of these accounts!
With a Roth, you can't take a full tax deduction in the year you contribute to it, as you can with a traditional plan. BUT, when you pull the money out, it is all tax-free with a Roth! So what would you rather have, a tax-deduction now, or tax-free income for life?
In a truly self-directed plan (again, I prefer the Roth if you qualify) you can invest money in the market, in real estate, in a business, and many other areas. With your plan at work, you normally have limited choices. Now you may not have a desire to be the next Donald Trumph, but you may get motivated to do a real estate deal or two if it could quickly beef up your retirement account. Remember, if that is a Roth account, all the growth is Tax-Free!
I've taught hundreds of folks how to trade the index, which is my next favorite place to generate retirement income. You can also do that inside of a Roth for tax-free cash flow! With a little practice and patience, you should be able to get good at it. If you do, you will have an unlimited retirement plan and income that no one can take away.
If you don't want to keep all of your retirement money solely in US dollars (not a bad idea these days with the debt the US is growing), look for investments with international interests. You don't have to trade currency to do it. For instance, any company that has worldwide interests (and most do these days) benefits from the currency market anyway. Think about McDonald's and the stores they have all over the globe. (just don't be fully invested in any one stock or market - and don't eat all your meals at Micky D's if you want to enjoy retirement long).
Two other areas to look at are ETFs, and MLPs. Both of these vehicles offer great income and earnings potential. You can even play foreign currency or about anything else you like these days inside of an ETF. This now makes it a whole lot easier to diversify.
With a little research and action on your part, you should have no problem creating the income and lifestyle you planned for in your golden years - even if you are already there!
Get my Free Audio Report on how to secure your financial future and retirement NOW.
First off, if you are still working, you should MAX out any employer-matched plans you may have at work. The closer you are to retirement, the more you should be contributing to these plans. If the markets scare you, then asked about any guaranteed interest option your employer may offer, and put as much as you possibly can in the plan.
Think about it, if your employer matches your contributions 50% or even 25%, where else can you get that kind of instant return on your money? NOWHERE! So, if you are not maxing that thing out (and most folks are not) you really need to start. Even if it means you have to cut back on your lifestyle right now.
Secondly, if you don't have an employer matched fund at work, what other options do they have? If you work for a school system you should look in the benefits of a 403(b) plan.
If you are self-employed, and have not saved anything for retirement, you may think seriously about working a few years for the school system and maxing out the plan.
My favorite retirement vehicle by far is the Roth. Either the Roth IRA and/or Roth 401k. These could well be the best wealth generating tools available for the average person today! In my opinion, many tax advisors, financial planners, and CPAs have given their clients bad advice in this area. I think every man, woman, and child in the US should have one of these accounts!
With a Roth, you can't take a full tax deduction in the year you contribute to it, as you can with a traditional plan. BUT, when you pull the money out, it is all tax-free with a Roth! So what would you rather have, a tax-deduction now, or tax-free income for life?
In a truly self-directed plan (again, I prefer the Roth if you qualify) you can invest money in the market, in real estate, in a business, and many other areas. With your plan at work, you normally have limited choices. Now you may not have a desire to be the next Donald Trumph, but you may get motivated to do a real estate deal or two if it could quickly beef up your retirement account. Remember, if that is a Roth account, all the growth is Tax-Free!
I've taught hundreds of folks how to trade the index, which is my next favorite place to generate retirement income. You can also do that inside of a Roth for tax-free cash flow! With a little practice and patience, you should be able to get good at it. If you do, you will have an unlimited retirement plan and income that no one can take away.
If you don't want to keep all of your retirement money solely in US dollars (not a bad idea these days with the debt the US is growing), look for investments with international interests. You don't have to trade currency to do it. For instance, any company that has worldwide interests (and most do these days) benefits from the currency market anyway. Think about McDonald's and the stores they have all over the globe. (just don't be fully invested in any one stock or market - and don't eat all your meals at Micky D's if you want to enjoy retirement long).
Two other areas to look at are ETFs, and MLPs. Both of these vehicles offer great income and earnings potential. You can even play foreign currency or about anything else you like these days inside of an ETF. This now makes it a whole lot easier to diversify.
With a little research and action on your part, you should have no problem creating the income and lifestyle you planned for in your golden years - even if you are already there!
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