In 2008, our country went through a major financial meltdown. I stood there and watched 17 years of savings diminish. Half of my 401k was gone and my retirement plans went out the window. In September of 2008, I stopped my 401k contributions. I realized that some other plan was needed. As long as people in Washington are salivating over my retirement accounts, I will not contribute one more dime! I would rather buy silver, gold, and other commodities. I would rather be in control of my own retirement. The last thing I want to do is to depend on the government for anything.
Investing in a foreign currency can protect you from the falling dollar and there are several currencies that provide great investment opportunities. The real question is, “Which currencies are safe?” There are pros and cons to any currency investment. Whether you invest to protect your wealth or to make a profit, it is important to remember that investing in foreign currency can be a high-risk venture. You could make a lot of money – or you could lose a lot of money.
Having an emergency savings account will protect you from accumulating debt in times of crises. This is common sense. Diversifying that savings account, so you will not lose the value of that account, is pure genius!
Jerry Robinson will be traveling to speak on the economic crisis until early next week. He will return to with daily column on Tuesday, May 3. In Jerry’s absence, FTMDaily.com friend, Marcus Curtis, will fill in with his personal financial insights. Marcus has been using our Five Levels of Financial Freedom for the last two years.
With silver prices soaring, many people have no idea that they may be holding some of the popular metal in their everyday pocket change. Here’s a quick guide to some common U.S. coins that are worth more than you may think.
Follow the Money Weekly Radio is a financial radio show about the stock markets, commodities, energy investing, the global financial crisis, where to invest money, where to buy gold and silver, saving money, finding a financial advisor, and paying off debt. Hosted by economist and best-selling author, Jerry Robinson. For the best in financial news, listen to the Follow the Money Weekly Financial Radio Show.
Learn the fundamentals of precious metals investing on this completely free financial education webinar. Everything you need to know about buying gold and silver. It is about 1 hour and 45 minutes long. More about precious metals investing…
Here is a list of four of the most stable foreign currencies along with three simple ways to buy them. What is the most stable currency? Learn more here.
In this article, I will introduce the concept of using foreign currencies for savings diversification and will discuss nine currencies that have outperformed the U.S. Dollar.
With the price of precious metals making new highs, many people are wondering where they can buy gold and silver. In this article, I explain how and where you can gain exposure to gold, including physical metals, stocks and ETF’s, and the options and futures markets.
Today, I will begin explaining how to diversify one third your six month liquid savings reserve into precious metals. We begin with a discussion with at least six different ways to gain exposure to gold and silver.
In Level One, Jerry explains the importance of being prepared. One of the steps that you will undertake in Level One is to create an emergency kit that could sustain you for the first critical 72 hours if disaster were to strike, thus enabling you to evacuate at a moment’s notice.
Because of the many risks that await you as an investor, it is vital that you have an investing plan before you invest even a dime of your money. And one of the most important lessons that every investor should learn is the exit strategy. This is a protected post. Learn more about becoming an FTM Insider.
Over the last several weeks, the number of people emailing us with questions about whether or not this is a good time to exit the stock markets has been unusually high. Read Jerry Robinson’s answers to your investing questions here. This is a protected post. Learn more about becoming an FTM Insider.
Here’s a sampling of some of the places that our readers tell us that they are hiding their cash.
Cash value life insurance can be a helpful tool in preparing for what can potentially be one of the largest expenses of your lifetime: college tuition.
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Welcome to a new financial teaching series on our DSL™ Savings strategy. In this first teaching article, I will briefly explain some of the various ways in which you can hold your one-third in U.S. Dollar denominated dollars when using our DSL™ Savings strategy.
Here’s how we create stellar returns using a basket of foreign currencies, precious metals, and U.S. Dollars.
Here’s the results of a study that was done on our DSL (Diversified Six-Month Liquid) Savings strategy measuring total returns for three different time periods. The findings are completely stunning!
If you want to dampen the ravaging effects of inflation on your money, diversifying your savings should be a priority.
We know that during these difficult economic times, you will benefit from the variety of services offered here at FTMDaily.com. Our organization is solidly committed to educating you and your family on the topics of how the economy impacts you and your personal finances.
In lieu of our regular daily column, we present this very special and exclusive Q&A session with economist and FTMDaily.com Founder, Jerry Robinson. This Q&A session is an excerpt from the Winter 2011 issue of our FTMQuarterly newsletter released on January 15, 2011.
In March, the U.S. Federal government collected $194 billion in tax revenue but reported $1.1 trillion in expenses. The ponzi scheme continues…
Recent revelations show that the Federal Reserve’s “discount lending window” had become an ATM for foreign banks with billions in loans handed out to them.
Almost three years after Bloomberg LP requested details on the emergency bank loans given out by the Federal Reserve at the height of the economic crisis, the records are finally being delivered.
Wal-Mart CEO, Bill Simon, is sounding the alarm of what he is calling a coming wave of “serious” inflation that he says will strike U.S. consumers in the coming months. f
With federal extended unemployment benefits coming to an end this year, some states are getting creative about moving people off the public dole.
The president yesterday gave a speech where he offered his new blueprint for the future of energy in America. However, it included no new ideas.
2011 is turning out to be a boom year for OPEC. If oil can stay consistently above $100 until December, the cartel is projected to reap $1 trillion in oil revenues by year’s end.
In 2010, the Russian MICEX Index has returned over 22%. And now in 2011, the index is already up 15%.
(In contrast, China is up only 5% so far this year. Brazil is down around 2% for the year while India has lost 10% so this year.)
So what’s behind Russia’s recent and dramatic rise?
When my daughter was younger, I used to offer her 25 cents for every item that she could find in our local Wal-Mart store that was not “made in China,” or some other Asian nation. Needless to say, she rarely walked out of the store with any money.
A labor union led protest march in Central London turned violent Saturday as a small group of protesters rioted following the peaceful rally.
One of the main benefits of borrowing from your cash value life insurance policy is that the loan proceeds are generally not subject to income tax. But there are some caveats…
Speaker of the House John Boehner has had to contend with a large and contentious Tea Party caucus since taking power. Now, he may soon be out of power.
Wondering how to invest in silver? Should you buy silver rounds, silver bullion, or silver coins? Top precious metals advisor, Tom Cloud, explains everything you need to know about how to invest in silver.
Will the Euro survive? Or will the Euro collapse? There are a lot of questions swirling around the debt-ridden Eurozone. Before I tell you my thoughts, let’s take a brief look at how all of this mess got started.
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 24 – In a move that some right wing bloggers are referring to as “economic terrorism,” a former president of the SEIU (Service Employees International Union), Stephen Lerner, gave a talk at Pace University recently where he proposed a plan to destabilize certain Wall Street […]
But the big news today were metals and oil as global uncertainty continued to reign in the financial markets. Gold prices rose to a record high of $1,438/oz. Over the last eight trading days, gold prices have risen by over 4%.
What would happen if the U.S. Dollar were suddenly dropped as the world’s reserve currency? Here are 7 economic consequences of a dollar collapse.
According to a Wikileaks cable reported on by the Financial Times, Iran has been cutting its exposure to the U.S. dollar and has been secretly making large gold purchases.
After the latest budget measure passed by Congress with both parties vowing that they will go no farther, we ask yet again, will there be a government shutdown?
On Monday, the Dow Jones Industrial Average climbed back above the 12,000 level in intra-day trading, for the first time in a week, on news that AT&T would buy T-Mobile for $39 billion. The merger would make AT&T the nation’s largest wireless carrier.
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 21 – As the fighting in Libya continues to take a toll on the civilian population there, the United States and her allies are entering the third day of their offensive to enforce a no fly zone over parts of the North African nation. President […]
On Wednesday, Japan’s central bankers continued flooding the country with a fresh infusion of cash in an attempt to stop the financial bleeding after that nation’s worst earthquake on record.
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 16 – The accident began with reactor number 2 and quickly became a critical situation, with the plant facing at least a partial nuclear meltdown. The local population was given conflicting reports about what was happening at first and it took a while until the […]
The global financial markets continue their tailspin today in the wake of the devastating quake and tsunami which struck the world’s third largest economy last week.
How will the earthquake affect the Japanese economy? Should you be considering an investment in the wake of the disaster? Here’s what you need to know.
The unbelievable devastation in Japan dominated the 24-news cycle. And a shocking new video emerges from the moment the tsunami struck the nation…
Over the last few episodes of financial strategies I have been talking about why cash value life insurance should be considered when developing a persons overall retirement planning strategy. So today, I want to continue by talking about different ways of taking the money out of your cash value life insurance policy and the rules to e
Listen as Jerry Robinson and Barry James Dyke, the author of the Pirates of Manhattan, discuss Wall Street’s dirty little secret.