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Sunday, May 6, 2012
Ron Paul Is Going to the Republican National Convention
At Massachusetts' state convention less than half of Romney's 27 chosen delegates won tickets to Tampa. Paul supporters were chosen instead. While all of the state's delegates are committed to vote for Romney, the delegates get to decide on the party chairman, platform, and VP nominee. …Paul supporters are a majority in the Iowa GOP's State Central Committee, and he's set to claim a majority of the state's delegates despite finishing third in the caucuses.
Monday, August 8, 2011
How much money Should You Invest
Many first time investors believe they should invest all their savings. This isn't necessarily true. To determine the amount of money you should invest, you have got to first determine how much you undoubtedly can afford to pay out, and what your finance goals are.
First, let's look into how much money you may currently afford to commit. Do you have savings which you can use? If so, great! Then again, you don't want to help you cut yourself short when you tie your money up with an investment. What were a savings originally for?
You have to keep three to half a year of living expenses in the readily accessible savings profile don't invest this money! Don't invest any money that you may have to lay your hands on looking for an opportunity in the future.
Thus, begin by determining what amount of of your savings should maintain your savings account, and how much should be considered for investments. Unless you might have funds from another origin, such as an monetary gift that you've recently gained, this will probably be the only thing that you currently have to invest.
Next, determine how much its fine to use to your investments down the road. If you are applied, you will continue to receive an income, and you can plan to utilize a portion of that income to produce your investment portfolio after some time. Speak with a qualified financial planner to set up a budget and figure out how much of your future income it will be easier to invest.
With the aid of a financial planner, you will be sure that you arent investing more than its best to or less than you should so that they can reach your investment targets.
Gold ETF Product For many types from investments, a certain initial investment amount are going to be required. Hopefully, you've done your research, and you have found an investment that will are sound. If this could be the case, you probably already know what the required initially investment is.
If the money that there is available for investments fails to meet the required original investment, you may have to see other investments. Never borrow money find, and never use money there is not set aside for investing!
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First, let's look into how much money you may currently afford to commit. Do you have savings which you can use? If so, great! Then again, you don't want to help you cut yourself short when you tie your money up with an investment. What were a savings originally for?
You have to keep three to half a year of living expenses in the readily accessible savings profile don't invest this money! Don't invest any money that you may have to lay your hands on looking for an opportunity in the future.
Thus, begin by determining what amount of of your savings should maintain your savings account, and how much should be considered for investments. Unless you might have funds from another origin, such as an monetary gift that you've recently gained, this will probably be the only thing that you currently have to invest.
Next, determine how much its fine to use to your investments down the road. If you are applied, you will continue to receive an income, and you can plan to utilize a portion of that income to produce your investment portfolio after some time. Speak with a qualified financial planner to set up a budget and figure out how much of your future income it will be easier to invest.
With the aid of a financial planner, you will be sure that you arent investing more than its best to or less than you should so that they can reach your investment targets.
Gold ETF Product For many types from investments, a certain initial investment amount are going to be required. Hopefully, you've done your research, and you have found an investment that will are sound. If this could be the case, you probably already know what the required initially investment is.
If the money that there is available for investments fails to meet the required original investment, you may have to see other investments. Never borrow money find, and never use money there is not set aside for investing!
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How To Invest In Precious Metals IRA
The fluctuating value of most investments that you might have thought would stand you in good stead at the time of your retirement, as seen by the last recession in 2008, has made it evident that the safest bet is to invest in precious metals IRA. The shortage of funds and the instability of the markets throughout the world have shaken the confidence of most people and investments in shares and even housing are not being considered as safe anymore. Investing in gold IRA and silver IRA now seem to be the safest and the most secure forms of investment.
Why Precious Metals IRA is More Dependable
Precious metals, as the name suggests, are getting scarcer which is the prime factor responsible for their popularity and dependability as the best form of investment with gold being the leader in the choices for IRA. Its value is increasing rapidly in the region of 1.6 percent per annum because it is a tangible asset and its rate of exchange is great. People who are not able to invest in gold can choose silver IRA which is a more economical option.
How to Convert Existing IRA to Precious Metals IRA
Gold ETF Product - If you already have a different IRA and wish to go in for gold or silver IRA, you should choose and consult a reliable gold investor by browsing the websites of different online organizations that help investors to shift to precious metals IRA.
Basically, there are two ways of investing gold in IRA. You can either get Exchange Traded Funds and Stocks (ETFs) which is a paper form of investment. Alternatively, you can buy real, tangible gold and transfer it into your existing account. You can also transfer a part of your account into gold. People who are opening a new account can invest in gold directly.
Rolling Over Process
The process of converting your ROTH IRA or traditional IRA account into a gold or silver IRA is also known as a rolling over process. It is quite a simple process. The easiest way to do it is to roll over the assets from a 401(K) plan after leaving a current job. When you get separated from your employment, it becomes easy to roll over the 401(K) assets account into precious metals IRA.
Even if leaving your current employment is not a viable option, you can still make the transition from 401(K) to gold, silver, or any other precious metal IRA by contacting the experts of the website chosen by you. They will guide you and ensure that the transition is done legally and successfully.
Guidelines for Investment
Guidelines For Investment In Precious Metals IRA Are:
*If you invest in a precious metal, it will be physically held by the IRA custodian and not by you, making it convenient since you need not worry about its safety.
*The precious metals that can be invested are Gold, Silver, Platinum, and Palladium.
*In order to qualify for being used as investment, the metals must meet the minimum level of purity. This aspect will be checked before precious metals investment can be made.
*Precious metals can be invested either in the form of coins or bars.
Experience and statistics have shown that over the years good results have been obtained with precious metals IRA. With its value increasing steadily, gold or silver is being seen as a trusted investment that can take care of your future.
Why Precious Metals IRA is More Dependable
Precious metals, as the name suggests, are getting scarcer which is the prime factor responsible for their popularity and dependability as the best form of investment with gold being the leader in the choices for IRA. Its value is increasing rapidly in the region of 1.6 percent per annum because it is a tangible asset and its rate of exchange is great. People who are not able to invest in gold can choose silver IRA which is a more economical option.
How to Convert Existing IRA to Precious Metals IRA
Gold ETF Product - If you already have a different IRA and wish to go in for gold or silver IRA, you should choose and consult a reliable gold investor by browsing the websites of different online organizations that help investors to shift to precious metals IRA.
Basically, there are two ways of investing gold in IRA. You can either get Exchange Traded Funds and Stocks (ETFs) which is a paper form of investment. Alternatively, you can buy real, tangible gold and transfer it into your existing account. You can also transfer a part of your account into gold. People who are opening a new account can invest in gold directly.
Rolling Over Process
The process of converting your ROTH IRA or traditional IRA account into a gold or silver IRA is also known as a rolling over process. It is quite a simple process. The easiest way to do it is to roll over the assets from a 401(K) plan after leaving a current job. When you get separated from your employment, it becomes easy to roll over the 401(K) assets account into precious metals IRA.
Even if leaving your current employment is not a viable option, you can still make the transition from 401(K) to gold, silver, or any other precious metal IRA by contacting the experts of the website chosen by you. They will guide you and ensure that the transition is done legally and successfully.
Guidelines for Investment
Guidelines For Investment In Precious Metals IRA Are:
*If you invest in a precious metal, it will be physically held by the IRA custodian and not by you, making it convenient since you need not worry about its safety.
*The precious metals that can be invested are Gold, Silver, Platinum, and Palladium.
*In order to qualify for being used as investment, the metals must meet the minimum level of purity. This aspect will be checked before precious metals investment can be made.
*Precious metals can be invested either in the form of coins or bars.
Experience and statistics have shown that over the years good results have been obtained with precious metals IRA. With its value increasing steadily, gold or silver is being seen as a trusted investment that can take care of your future.
How to Invest in Gold
I recently wrote an article titled, "Why Gold Isn't Such a Great Investment" on Go Banking Rates. While my intention wasn't to bash gold investors, gold bulls certainly took it that way. I question if they even read the full article, or just reacted to the headline.
In any case, my point is that gold has been on such a run, any investor looking to get into gold had to seriously contemplate whether the investment was still attractive or if a pullback was coming.
Gold ETF Product - Most novice investors believe gold is a great inflation hedge, but with prices soaring over 30% in the last year--most of the drivers coming from news regarding hyperinflation and economic turmoil--it's only logical to worry about some profit taking.
Could gold go higher? Most definitely. But it can just as easily dip. As I mentioned, I'm not a gold bear, just stating concerns that investors should look into if they're exploring the gold market.
In that case, here is a simple breakdown on ways to invest in gold.
BullionBars- You could invest in physical gold bars like many of the super rich are doing, but from a practical standpoint, it's not necessarily the smartest idea for most people. A standard bar weighs 400 troy ounces, at about $1330 an ounce, that's over half a million dollars per bar. You may literally have to protect it with your life.
Coins- Another way to own physical gold is by owning bullion coins. You'd have to protect these the same way you do with bars, most likely in a vault. Some investors prefer physical gold because it's 100% accurate in tracking the value of the precious metal. Also, in times of economic anarchy, it's actually worth it's weight in gold, unlike paper investments like ETFs and stocks. So there's that.
Stocks- If the physical route isn't for you, you could always look into gold exploration and mining companies. Keep in mind, these are examples of gold stocks, not recommendations. There are the large cap names like Barrick Gold Corp. (NYSE: ABX), Freeport-McMoRan Copper Gold Inc. (NYSE: FCX) and Newmont Mining Corp. (NYSE: NEM).
If you're more adventurous, you can try smaller names like Allied Nevada Gold Corp. (NYSE: ANV), Richmont Mines Inc. (RIC), and Nevsun Resources Ltd. (NYSE: NSU). But beware, the smaller the market cap, the higher the risk. And if you venture into the pennystock realm--especially in this sector--you could open yourself to vulnerability of fraud, just like what the SEC accused CHiP's Larry Wilcox of doing.
ETFs- Another way to go is to invest in gold ETFs. While it's not as accurate as owning physical gold, it does come pretty close. And compared to investing in individual gold stocks, ETFs provide investors a broader exposure, limiting downside risk, but also sometimes capping earning potential too. Some popular gold ETFs include the SPDR Gold Trust (NYSE: GLD), iShares Gold Trust (NYSE: IAU), Market Vectors Gold Miners ETF (NYSE: GDX), and PowerShares DB Gold (NYSE: DGL). There are many other ETFs out there. Just like gold stocks, they all have their advantages and disadvantages.
There are also ETFs designed for trading gold like the ProShares Ultra Gold (NYSE: UGL) and ProShares UltraShort Gold (NYSE: GLL), which try to replicate twice the performance of buying or shorting gold.
What are your thoughts on gold? How are you playing the gold market?
In any case, my point is that gold has been on such a run, any investor looking to get into gold had to seriously contemplate whether the investment was still attractive or if a pullback was coming.
Gold ETF Product - Most novice investors believe gold is a great inflation hedge, but with prices soaring over 30% in the last year--most of the drivers coming from news regarding hyperinflation and economic turmoil--it's only logical to worry about some profit taking.
Could gold go higher? Most definitely. But it can just as easily dip. As I mentioned, I'm not a gold bear, just stating concerns that investors should look into if they're exploring the gold market.
In that case, here is a simple breakdown on ways to invest in gold.
BullionBars- You could invest in physical gold bars like many of the super rich are doing, but from a practical standpoint, it's not necessarily the smartest idea for most people. A standard bar weighs 400 troy ounces, at about $1330 an ounce, that's over half a million dollars per bar. You may literally have to protect it with your life.
Coins- Another way to own physical gold is by owning bullion coins. You'd have to protect these the same way you do with bars, most likely in a vault. Some investors prefer physical gold because it's 100% accurate in tracking the value of the precious metal. Also, in times of economic anarchy, it's actually worth it's weight in gold, unlike paper investments like ETFs and stocks. So there's that.
Stocks- If the physical route isn't for you, you could always look into gold exploration and mining companies. Keep in mind, these are examples of gold stocks, not recommendations. There are the large cap names like Barrick Gold Corp. (NYSE: ABX), Freeport-McMoRan Copper Gold Inc. (NYSE: FCX) and Newmont Mining Corp. (NYSE: NEM).
If you're more adventurous, you can try smaller names like Allied Nevada Gold Corp. (NYSE: ANV), Richmont Mines Inc. (RIC), and Nevsun Resources Ltd. (NYSE: NSU). But beware, the smaller the market cap, the higher the risk. And if you venture into the pennystock realm--especially in this sector--you could open yourself to vulnerability of fraud, just like what the SEC accused CHiP's Larry Wilcox of doing.
ETFs- Another way to go is to invest in gold ETFs. While it's not as accurate as owning physical gold, it does come pretty close. And compared to investing in individual gold stocks, ETFs provide investors a broader exposure, limiting downside risk, but also sometimes capping earning potential too. Some popular gold ETFs include the SPDR Gold Trust (NYSE: GLD), iShares Gold Trust (NYSE: IAU), Market Vectors Gold Miners ETF (NYSE: GDX), and PowerShares DB Gold (NYSE: DGL). There are many other ETFs out there. Just like gold stocks, they all have their advantages and disadvantages.
There are also ETFs designed for trading gold like the ProShares Ultra Gold (NYSE: UGL) and ProShares UltraShort Gold (NYSE: GLL), which try to replicate twice the performance of buying or shorting gold.
What are your thoughts on gold? How are you playing the gold market?
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