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Wealth Building Strategies

6 wealth-building strategies of the rich anyone can use

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Posted by Business Insider

on Tuesday, 17 January 2017 08:12

Screen Shot 2017-01-17 at 6.59.04 AMSeveral years ago, New York Times Wealth Matters columnist Paul Sullivan opened up his finances to a group of high-powered, high-net worth investors known as Tiger 21.

Members gather regularly to discuss investing strategies and at one meeting, Sullivan asked them to critique his own — relatively meager by their standards — financial life.

"Given what I do, I thought [my wife and I] had a handle on it, but what I learned from that meeting is that we hadn’t thought enough about the risks in life," Sullivan says.

Those risks include declining incomes and the unexpected death or disability of a household wage earner. As a result of that meeting, Sullivan and his wife took out life and disability insurance policies and sold off a condo in Florida that had been a vacation home for the family.  

"They were so direct and harsh about that being a possible drain, if we weren’t able to sell it if something bad happened. That was a wake-up call," Sullivan says.

The lessons he absorbed from that wealthy, exclusive group of over 300 members across the U.S. and Canada led Sullivan to write his new book, "The Thin Green Line: The Money Secrets of the Super Wealthy." The title refers to the security that can come from knowing you’re prepared for a negative event, like a layoff, no matter how much money you have or earn. "The people in the book who I call wealthy, whether they’re a teacher or a hedge fund manager, are wealthy because they have security. They have behaviors around money that let them be in control of their lives when something bad happens," he says. 

Those behaviors, Sullivan says, can be learned or even adopted later in life. As someone who grew up without much money, he says it took him a long time to have a healthy relationship with it. He would avoid credit card debt and overspending so assiduously that he often wore threadbare clothing and skipped even affordable purchases he would have enjoyed. "You should be able to spend money on things you enjoy. If you love $4 Starbucks lattes, then buy it," he says.  

If you're looking to adopt some secrets of the wealthy, Sullivan suggests the following strategies:

....continue reading HERE

...related:

Investing For Maximum Profits During A New US Presidency



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Wealth Building Strategies

6 Top Nanotechnology Uses

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Posted by Investing News Network

on Monday, 16 January 2017 08:09

Optimized-grapheneHere's an overview of six of the ways nanotechnology uses are making a big difference in our daily lives.

While there’s been plenty of focus on apps and cloud computing in the technology space, advances are also being made in hardware-focused sectors such as nanotechnology. Uses include everything from more efficient drug delivery systems to tiny transistors that allow for smaller and more powerful computer chips.

To be sure, the markets for nanotechnology products and nanotechnology uses are set to grow in the coming years. A report released this past December from Research and Markets states that nanotechnology “is a rapidly growing technology” and the global industry has been forecast to grow annually by 17 percent up to 2024.

Similarly, BCC Research has said that the global nanotechnology market was valued at $39.2 billion in 2016 and should grow at a CAGR of 18.2 percent, in order that the market will reach a believed $90.5 billion by 2021.

Still, for investors just starting to look at nanotechnology stocks, it can be difficult to know where to to begin, as nanotechnology uses are so varied. As a starting point, here’s an overview of six of the top areas in which nanotechnology uses are making a big difference today.

....Click below for description and stock recommendations: 

Materials & Coatings
Medicine
Food
Electronics
Energy applications
Water and air treatment

 

 

 

...continue for 



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Wealth Building Strategies

How Did We Get 2016 So Wrong?

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Posted by John Rubino - DollarCollapse.com

on Monday, 09 January 2017 15:19

Go through the late 2015/early 2016 articles published on this and similar sites and you'll find a consensus that 2016 was going to be a really bad year. Corporate profits were falling, business inventories had spiked, and deflation was deepening in Japan and Europe. See More Ominous Charts For 2016 for a longer list of indicators that seemed, a year ago, to portend imminent recession if not full-blown financial crisis.

As David Stockman put it in a late-2015 prediction piece,

The Keynesian Recovery Meme Is About To Get Mugged, Part 1

Just consider the most recent data on wholesale sales and inventory. This sector of the domestic economy embodies the leading edge of business activity, meaning that trends in wholesale level sales and inventory stocking are advance indicators of the general macroeconomic outlook.

Needless to say, the soaring inventory-sales ratio is not a sign that "escape velocity" is just around the corner. Contrariwise, whenever the ratio has busted through 1.30X in the past, what came next was a recession.

43424



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Wealth Building Strategies

Shanghai Gold Exchange: As bullish as some claim?

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Posted by Larry Edelson - Money & Markets

on Friday, 06 January 2017 16:44

I don’t think so. Here again, most analysts got the Shanghai Gold Exchange (SGE) completely wrong.

The SGE was established in October 2002 by China’s central bank, the People’s Bank of China (“PBOC”) upon approval by State Council and supervised by PBOC.

Officially and fully open for business in September 2014, I personally was the first foreigner to visit the SGE in October 2004 and spoke with the president. Construction was underway, communications, quote pits for the different products and more. It was an interesting visit, under armed guard.

But for the record, let me explain the myth that the SGE is going to boost gold demand and send it to the moon.

The chief reason for the SGE is to officially allow two
types of cross-border trade in gold in China:
To promote general trade and processing trade.

In a nutshell, that means the gold is not brought in to the SGE for investment …



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Wealth Building Strategies

The Greatest Money Manager Alive Attributes The Majority Of His Success To Just This One Thing

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Posted by The Felder Report

on Tuesday, 03 January 2017 06:03

Stanley-DruckenmillerLast April I wrote a post about the specific trading style that has made guys like Stan Druckenmiller, Jim Rogers and George Soros so successful. That post focused on a single quote from Druck which I found particularly compelling because it goes against what most investment pundits would tell you is the right way to invest.

But Druck made an even more poignant and timely point in that speech a year ago. He singled out specifically what he believes to be the most important factor behind the returns in risk assets, namely the stock market:

....continue reading HERE



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