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Personal Finance

Retiring Abroad: Ever Thought About It?

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Posted by Nilus Mattive

on Tuesday, 29 March 2016 07:00

I just got back from a week in El Salvador with my wife and daughter, and while the trip got off to a rough start — full of delayed flights and lost luggage — we ended up having a GREAT time.

You might think it’s a little crazy to spend spring break in a Central American country that boasts one of the highest murder rates in the world. But as I recently explained in my latest issue of Income Superstars, it is precisely those kind of headline worries that create opportunities for savvy travelers.

To wit …

We stayed in a luxurious oceanfront room, with its own private plunge pool on the balcony, for less than I’ve paid at a budget hotel in Florida.

When I got out of the surf, a guy stood ready to grab my board, throw a towel over my head, and hand me a bottle of cold water — services I would never request but that were just customary in a place that aims to please.

We never spent more than $25 on dinner — for a family of three, including drinks. The typical entrée of local fish, veggies, and corn tortillas was going for about $6 at one of the “fancier” places in town.   

On one excursion, my guide pointed out some houses in a new beachfront community and noted they were selling for about $100,000. Speaking of which, El Salvador is officially on the U.S. dollar and has been since the early 2000s.

And healthcare? It’s universal, though I definitely had no desire to visit the nearest hospital about 45 minutes away in San Salvador.

Obviously, visiting a place like El Salvador isn’t for everyone. And choosing to stay there for a longer period of time is probably out of the question for many more.

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Personal Finance

Let’s Gain Some Context of this Market

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Posted by Neil R. McIver - McIver Capital Management

on Saturday, 05 March 2016 03:05

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With the markets bouncing around and headlines in the financial media designed to cause concerns, I thought it might be worthwhile to provide a broader context to the current environment and how that environment impacts your portfolios. As always, I will refrain from trying to outsmart the market by predicting its short term direction because the market will always conspire to make such prognosticators look foolish. That said, I do wish to provide a framework of understanding.

The most important consideration to keep in mind is that your portfolio is mathematically designed to dampen exactly the kind of volatility that the market is exhibiting now. This is done by our group constructing your portfolio with negative correlation. In other words, we use positions which move up or down based upon different economic inputs, such as interest rates and commodity prices. Each and every position in your portfolio is carefully selected because we feel it will be profitable, but each position (or groups of positions) will react slightly differently to one another over any shorter term economic environment. For instance, despite the correction in equity prices generally, the world’s largest gold miner, Barrick Gold, has risen over 130% since last September.

The key take-away is that your portfolio is not the market.



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Personal Finance

The World Economy Is Resetting - Are You Prepared?

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Posted by Chris Vermeulen via Gold Eagle News

on Thursday, 03 March 2016 02:01

The major global economies have had a staggering debt of $199 trillion as of Q2 of 2014. The most recent figures will be closer to $230 trillion because, after 2014, the ECB, Japan and China have all resorted to ‘massive monetary easing’ programs while the US debt continues to escalate, with every passing second.  The total debt, as a percentage of GDP, stood at 286%; the latest numbers will prove to be much worse.

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...continue reading HERE

 



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Personal Finance

What You Absolutely Need To Know About Money Before You’re 35

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Posted by Forbes

on Friday, 26 February 2016 06:56

Screen Shot 2016-02-26 at 6.03.31 AMI opened my first bank account when I was 14 years old. I faithfully squirreled away money that I earned doing odd jobs like babysitting and mowing lawns, a few dollars at a time, with the hopes that it would grow large enough to fund the fancy cars, giant house and amazing vacations I planned to have when I got older. Then came college. I learned pretty quickly that it was far easier to spend money than it was to save money. Even living on ramen noodles and Diet Coke (the diet of college girls of my generation), I watched my bank account dwindle. I wasn’t alone. Figuring out how to balance financial assets with financial pressures turned out to be a challenge.

It’s even worse for millennials today. According to a report from Bank of America/USA TODAY, most millennials claim they weren’t on the receiving end of financial advice growing up. Nearly half (44%) of millennials claim their parents didn’t talk to them about how paying for college might affect their financial future. Nearly three-quarters of millennials say that they grew up without discussing good financial habits as children.

Despite their concerns, millennials do care about managing money and taking control of their finances. Nearly 6 in 10 claim to earn more than they spend (58 percent) while more than half set money aside for savings (56 percent). Still, many believe that it will be more difficult to benefit financially compared to their parents at this age with more than two in five (43 percent) intending to rely on their loved ones for financial help in retirement.

It’s clear that many millennials are wading through financial waters without much in the way of direction – just like I did. With all there is to consider when it comes to finances, wouldn’t it be great if there really was a cheat sheet? What if there was a list of what you absolutely needed to know about money written by folks who have already been forced to make those tough calls? I called in the experts – all part of our Investment Team at Forbes – to offer their absolutely “must know” tips.

In January of 2016, the Investment Team put together a series of primers – from taxes to employee benefits to life insurance and everything in between – the 100 Things You Absolutely Need To Know About Money Before You’re 35. We were blown away by the reception and honored to be asked by readers to put the pieces together in a compilation. We listened. Today, we’re proud to launch our e-book, which includes all 100 things in one easy reference.

Also recommended by Forbes:


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Personal Finance

How Pension Plans are Responding to Financial Repression

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Posted by Gordon T. Long - Macro Analytics

on Friday, 05 February 2016 08:25

Amin Rajan discusses investing in the age of financial repression as well as key points for risk mitigation with FRA Co-founder Gordon T. Long. CREATE-Research is a a network of prominent researchers undertaking high level advisory assignments for governments, global banks, fund managers, multinational companies and international bodies such as the EU, OECD and ILO. In 1998 Amin was awarded the Aspen Institute's Prize in leadership. It is a subject on which he has done extensive research involving some of today's outstanding business leaders. In two resulting publications, he has developed a close link between leadership and the emerging business models.

....read the whole article HERE

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