How to Save Your Money And Your Life

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"

The one trait that all top traders have in common

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"

Obsession With Central Bank Action is Unhealthy, But Typical

By Gary Tanashian

June 18, 2012

The great question revolving around Greece is now answered.  It remained unanswered when the opening segment of NFTRH192 was written.  Here is how one writer was trying to deal with these and other questions over the weekend:

Obsession With Central Bank Action is Unhealthy, But Typical

"We’re seeing some positive sentiment return on account of a few things: the prospect of coordinated intervention in the event of a sloppy Greek election, or outright victory of an anti austerity party," such as Syriza, said Andrew Wilkinson, chief economic strategist at Miller Tabak & Co. –MarketWatch Continue reading "Obsession With Central Bank Action is Unhealthy, But Typical"

The Day of American Austerity: What Will It Look Like?

By Elliott Wave International

Since the start of the European sovereign debt debacle, the word "austerity" has been bandied about a lot.

It wasn't an everyday word, and may send some people to the dictionary. Merriam-Webster defines "austerity" this way: enforced or extreme economy.

But even knowing this definition might leave one wondering how "austerity measures" relate to Europe's debt crisis. The Associated Press (5/13) provided this overview: Continue reading "The Day of American Austerity: What Will It Look Like?"

How to Invest Your Mother's Money – And Keep Your Peace of Mind

By Jeff Clark, Casey Research

I manage one of my mother's IRA accounts, and when it comes to investing, she doesn't like to take a lot of risks. I guess the same would be true for most of our mothers – and maybe for many of us as well.

Unfortunately, after surveying today's investment landscape, I see numerous risks – stock markets seem propped up and vulnerable, many major economies have low or suspect growth, and many currencies are being actively devalued or weakened by government actions. Even the number of options to park money is limited since investors can't earn a reasonable interest rate. Continue reading "How to Invest Your Mother's Money – And Keep Your Peace of Mind"