Saving for retirement? Mad Money host Jim Cramer explains why investing in savings bonds may not be such a lucrative idea. To develop real financial independence, Cramer says you need to make your money work for you.
If you’re under 50, Jim Cramer doesn’t think you have any business holding either Series EE US Savings Bonds or Series I US Savings Bonds in a retirement portfolio.
“Your investments must meaningfully grow your personal wealth so they can ultimately supplement your income later in life.” And although savings bonds are safe, “they fail miserably at helping you achieve this important objective,” Cramer said.
Michael Lewis, author of “Flash Boys: A Wall Street Revolt,” explains that High Frequency Traders (HFTs) are in effect stealing from individual investors, pension funds and literally anyone else who ever buys or sells a stock.The HFTs using high speed computer algorithms, fiber wire and other terrifying stuff to pervert the otherwise level playing field on Wall Street. How do they do it? In effect they front-run traders; buying the shares you order faster than you can, then sell them back to you for a profit.
The trading desks of four different major financial institutions posted gains every single day during the first quarter of 2010. The tradings desks of JP Morgan (JPM), Bank of America (BAC), Citigroup (C) and Goldman Sachs (GS) combined posted 244 winning trading days against zero losses.
Does this sound like the type of system you want to be heavily invested in for the future of your retirement and family?
Precious Metals as a Safe Haven
There’s a great wealth transfer taking place right now. Are you on the losing end or the receiving end?
Wealth Transfer Planning
Precious metals have always been a safe haven for investing in high inflationary times. Historically speaking, a recurring cycle that always seems to repeat itself is periods of high inflation as a precursor to the crash of paper currencies. Those who understand this wealth cycle and position themselves in gold and silver are those who prosper.
Precious metals are assets that will never lose their value. They are not subject to systematic risks as paper money and serve as a hedge against inflation and other threats of devaluation. Cornerstone Asset Metals was established to help guide investors safely in and out of the precious metals market.
The Great Wealth Transfer
Watch Terry Sacka: The Wealth Transfer show on the Christian Television Network discussing the financial and influential decline of the Western world and the simultaneous wealth increase of the East. With the wealth of nations shifting, it’s imperative to understand moving forward how hard tangible assets will allow you to maintain a quality lifestyle.
Visit the Wealth Transfer archive for more episodes. Learn more about how buying gold and silver today is a smart move for your investment portfolio.
The typical American household in the 55-64 age range has not saved up enough money to retire. Experts call this a dire situation, but as Elizabeth MacBride reports, there are some steps to take to make substantial additions to your savings.
Bitcoin prices are plunging after the Mt. Gox exchange went offline and closed all transactions. CNBC’s Mary Thompson details the problems plaguing bitcoin.
Mt. Gox, one of the currency’s biggest exchanges, just went offline and took hundreds of millions of USD worth Bitcoin equity with it. Mt. Gox had claimed in the past that it handled about 80% of all global trades for BTC/USD. Issued a statement? Planned downtime? Nope, neither. It just Read the rest of this entry »
Terry Sacka on The Wealth Transfer show on the Christian Television Network discussing U.S. economic statistics. Not the numbers you’re fed through the media, but the shadow statistics that come from shadowstatistics.com, giving you a real look into the raw U.S. economic data. This data will give you shocking numbers on inflation, unemployment, and money printing by our government that directly impacts the future of your retirement. This will help you Read the rest of this entry »
How to rescue your retirement at 55
The typical American household in the 55-64 age range has not saved up enough money to retire. Experts call this a dire situation, but as Elizabeth MacBride reports, there are some steps to take to make Read the rest of this entry »
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