Category: General

How to Save Your Money And Your Life

Posted on by The INO.com Team

By Doug Casey, Casey Research

I think there are really only two good reasons for having a significant amount of money: To maintain a high standard of living and to ensure your personal freedom. There are other, lesser reasons, of course, including: to prove you can do it, to compensate for failings in other things, to impress others, to leave a legacy, to help perpetuate your genes, or maybe because you just can't think of something better to do with your time.

But I'll put aside those lesser motives, which I tend to view as psychological foibles. Basically, money gives you the freedom to do what you'd like – and when, how and with whom you prefer to do it. Money allows you to have things and do things and can even assist you to be something you want to be. Continue reading "How to Save Your Money And Your Life" →

Fed extends "Twist" program to drive rates lower

Posted on by The INO.com Team

(AP:WASHINGTON) Below is the statement the Fed released Wednesday after its policy meeting:

Information received since the Federal Open Market Committee met in April suggests that the economy has been expanding moderately this year. However, growth in employment has slowed in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance. Household spending appears to be rising at a somewhat slower pace than earlier in the year.

Despite some signs of improvement, the housing sector remains depressed. Inflation has declined, mainly reflecting lower prices of crude oil and gasoline, and longer-term inflation expectations have remained stable. Continue reading "Fed extends "Twist" program to drive rates lower" →

June Gloom for US Tax Filers

Posted on by The INO.com Team

Kevin Brekke, International Man

June brings privacy gloom for US tax filers. June 30 is the filing deadlinefor Treasury Form TD F 90-22.1 (the FBAR), wherein US persons get to stand financially naked by reporting their foreign held financial assets or accounts. The pat down was turned into a strip search with the introduction of the new IRS Form 8938 that greatly expanded the types of foreign assets now required to be reported to the US tax authorities.

Over the past 18 months, a series of changes to the reporting requirements for foreign assets held by US tax filers were introduced, including the release of the new form 8938 mentioned above. With each change came questions, as the instructions were not always clear and left tax filers hanging about how they should be interpreted - an unsettling situation, as the penalties for failure to file are absurdly extreme. However ...

There is some good news to report Continue reading "June Gloom for US Tax Filers" →

The one trait that all top traders have in common

Posted on by The INO.com Team

At All About Trends, our mantra AT ALL TIMES is "REGARDLESS OF WHAT THE MARKET THROWS AT US".

After all that is a trait ALL top traders have in common and that is what ALL of you should be striving for vs. getting sucked up in all the Euro hoopla.

When looking at the daily charts, you can see we are hitting some resistance levels.  What we want to do is give things a little time to sort themselves out which means PATIENCE with a capital P before we get too cute in any one side of the market here. Continue reading "The one trait that all top traders have in common" →

Oil price rises on hopes Fed will boost US economy

Posted on by The INO.com Team

By CHRIS KAHN
AP Energy Writer

(AP:NEW YORK) The price of oil is rising on hopes that the Federal Reserve will announce new measures to stimulate the U.S. economy.

U.S. West Texas Intermediate crude rose by 79 cents to $84.06 per barrel. Brent crude, which helps set the price for oil imported into the U.S., added 4 cents to $96.09.

The Fed holds a two-day meeting that ends Wednesday, and in the past it has taken action to encourage Americans to spend and borrow. Many analysts think the struggles of the U.S. economy and Europe's debt crisis will compel the Fed to say or unveil something to try to boost confidence. Continue reading "Oil price rises on hopes Fed will boost US economy" →