This is the first e-mail from the Dolans in months. I wonder what happened and why we don't get them on wor any more.
Biggest Investing Lies You're Being Told (Page 10 of 10)
Categories: Invest Wisely
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Money Lies … Don't Be a Sucker!
It's inevitable: in an uncertain economic climate such as this one, there's always going to be conflicting advice and shady characters trying to sell you a bunch of lies.
Your best bet is to stay calm and think twice before you take any action with your money. And, of course, stick with us here at Dolans.com for the latest personal finance news and advice. Check out these articles for specific actions you can take now to weather this financial storm:
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View unverified member's comment - posted by Bernt Carlsen
September 19, 2009 12:48 PM
There is alot of talk of possibly the dollar collapsing. Any advice on how to protect your money and 401k. Thanks Willie
October 2, 2009 2:37 PM
updated: October 2, 2009 2:42 PM
Willie, send you money over seas. If the dollar collapses, you will not only hold the dollar value but actually increase it. Be careful though. Make sure you are in a country or money value that has security checks. Minimal corruption.
In the article they talk about the Ponzi schemes. They always mention Madoff. What about our own government. Medicare, Madicade, Social Security are all going bankrupt. They take the money now hoping to make payments later. Meanwhile the "baby boomers" keep collecting at an ever increasing rate.
November 7, 2009 7:39 PM
My best advice was given to me when I was 22 years old.
Recovering from a surgery, with a recovery time of 12 months, I was advised I would ALWAYS need a place to live. Now after 30 years I've lived better and never been homeless. PEOPLE, will always need a place to live. It's an investment that will never end, and the dollar value during good times
your value increases, and in the bad times, Well....You always got a place to live, and your renters pay the mortgage, and buy you a house.
Best of Luck
November 13, 2009 9:13 AM
I only look at the bottom line of my brokerage statements. I don't know what else to check. Do I check all the math on all the transactions. HELP!
December 21, 2009 4:29 AM
Willie, These sre troubling times. I am fond of money markets that provide gaurentees. My #1 spot to invest in todays market is in dept. If you have a mortgage. consider contributing towards your debt rather than towards a market of uncertainty. Here is something for you to think about; If you invest into a cd $10,000 @ 5% for one year and then at the same time you pay $10,000 towards the principle on the mort. that is presently @ 5%, at the end of that year which one do you think you would have made more money. Remember, money saved is money earned. Another thing to remember. Eventually we will have to address the nations dept. Poise yourself today to have the capital for tomorrow when you'll find your cost of living taking a significant increase. while we won't see much until 2011, when it does happen, it will happen over night
February 7, 2010 8:30 AM
This recession can only last so long. A lot of the boomers have plenty of wealth, but unlike their offspring, they are very frugal.
When these estates get past down to the next generation, that money will be spent in no time. The boomers are not going to live forever and they are not all a drain on the economy like most people think.
A lot of them will work entil they die and never collect Social Security.
Squido.
May 18, 2010 5:36 AM
updated: May 18, 2010 5:38 AM
It reminds me of anybody who feels strongly about their views on things; they have a tendency to not even bother studying the other side because they are so certain they have to be correct. Maurice Strong has spent years endorsing the environment, and doing what he can to help make sure the most beneficial natural environment feasible for future generations. Glenn Beck spent a show attempting to reduce Strong's reliability and called the global warming problems a Maurice Strong conspiracy.
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View unverified member's comment - posted by Bernt Carlsen