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    Oh god, we're into charts. I'm a financial advisor, and I don't think I would ever start showing clients charts. Even the most technically inclined ones.

    Here's what I think EVERYONE should know:

    1. 158$ invested at stock market averages from 25-65 will give you 1mil at retirement.

    2. Their FIN (Financial Independence Number). It's an industry term for the amount of money they need to retire tomorrow.

    3. Anyone can look back and say I should have bought gold. However, if you are able to look back and see gains, it may be too late. Too many uneducated "investors" try to catch falling knives and get burned.

    4. Middle-class finances are simple if you boil them down. Save to reach your FIN, spend less then you earn. I don't often mention this, but I am a millionaire through the company that I've built. However, I never buy new cars, I owe a small apartment in a good location and I don't waste my money on stupid shit that I will use 5 times. (E30 not included in that)

    I really feel that Canada and the US need to wake up, stop racking up debt and work to be financially free.

    And to address the original question? AGF Emerging markets, Large Cap Dividend fund, if you're in the states, contact your nearest Primerica office. Their a great company that I have nothing but good stuff to say about them and their investments.
    REMEMBER: Be safe and have fun is Rule Number 1.

    The Epic Unbuild of Clint Eastwood

    Comment


      Anyone else notice silver went up almost 91 cents today?

      Comment


        Originally posted by rwh11385 View Post
        Wow. Thanks for pointing out yourself that:
        a) you have no idea what you are talking about
        b) you are relying on someone else's opinion rather than your own and are unable to be critical of their reasoning

        "holding onto the money" and "start lending again"... lol

        Banks are in fact loaning money, just not at the leverage they were previously. (which I mentioned earlier) It will be a while or never until banks use as much leverage as they were using.

        The Fed cannot control the money supply totally, but only the base and interest rates. It is up to our banks how much they want to loan out per money they have, which determines our effective money supply. Even if they tripled the base, it does not mean M3 is larger than it was in 08, etc. (It's actually still smaller which charts show clearly)

        Velocity is based on spending habits and transaction rate. The velocity of money will not increase much greater than it is compared to recent changes over the past 10 years, besides perhaps recovering. Velocity of money is a factor in money supply equation but with online transactions and transfers already pretty mainstream, there won't be a great leap compared to recent I would say. If more transactions happen, it's more likely to recover GDP than go to raise price level. Anyone who refers to banks controlling the velocity instead of referring to this as leverage is a moron.

        M * V = P * Y
        Money supply * Velocity of transactions = Price Level * Y (Output aka GDP)


        Bernanke will be able to see when M3 reaches a healty level again and adjust interest rates to curb inflation to the healthy, ideal level (2%).

        Okay. I disagree with your standpoint on the economy and your faith in bernanke. We'll see who'se right in a few years.


        Originally posted by MaxBell View Post

        I really feel that Canada and the US need to wake up, stop racking up debt and work to be financially free.

        best advice in the thread
        Who doesn't love a little BBQ?
        Griot's Garage at a Deep Discount

        Comment


          that's basically it. Somebody is wrong. Whoever isn't will be a little bit wealthier on the other side.

          farbin - no, I didn't, but I did notice that most of my portfolio was up significantly. Something about solid earnings growth, fundamentals, and I suppose an accomodative Fed. You know what they say about fighting the Fed in markets..
          Build thread

          Bimmerlabs

          Comment


            MaxBell, most people talk to a Financial Advisor because they don't want to think for themselves. It's about being a salesmen and having it easy, not making sure they know what is going on. If they knew shit, they wouldn't need an advisor. Because plenty of people like Kruzen are so mixed up that it is laughable, there may always be room for someone to do the work for them.

            BiosLifeBoy: Don't agree? Fine. But if you don't, you could at least know the proper definitions and principles of our economy. I can't really take your opinion seriously since it is based on absolute ignorance. It's like tjts1 or whoever.
            Last edited by rwh11385; 04-27-2011, 01:41 PM.

            Comment


              Originally posted by rwh11385 View Post

              BiosLifeBoy: Don't agree? Fine. But if you don't, you could at least know the proper definitions and principles of our economy. I can't really take your opinion seriously since it is based on absolute ignorance. It's like tjts1 or whoever.
              Austrian theory doesn't blend well with Keynes. You deal in numbers and I deal in praxeology.

              I don't understand the criticism of one of my revenue streams, either. But fair enough.
              Who doesn't love a little BBQ?
              Griot's Garage at a Deep Discount

              Comment


                Originally posted by Kruzen View Post
                Austrian theory doesn't blend well with Keynes. You deal in numbers and I deal in praxeology.

                I don't understand the criticism of one of my revenue streams, either. But fair enough.
                You don't deal in numbers, yet try to post charts to prove your point? (yet fail to realize the mechanics of the money supply and relationship to prove level?)

                Simple assumption that if you participate in MLMs, you're more likely to be a sucker for poor economic theory from a writer who doesn't know what he is talking about (like the one you quoted).

                Comment


                  Originally posted by rwh11385 View Post
                  You don't deal in numbers, yet try to post charts to prove your point? (yet fail to realize the mechanics of the money supply and relationship to prove level?)

                  Simple assumption that if you participate in MLMs, you're more likely to be a sucker for poor economic theory from a writer who doesn't know what he is talking about (like the one you quoted).
                  You gather different information from the charts than I do. I believe the results of human action are observable by looking at the resulting data. If you think for an instant you can stimulate the market (in a good, long term, stable way) by artificially setting interest rates then you obviously have a different set of beliefs related to the function of our economy than I do.

                  You make a lot of assumptions related to participating in MLMs. I utilize my connection with the mlm in question for their drop shopping and purchase front end. Without sidestepping the purpose of this thread, I make lots of money off of it and I don't spend any. Not a bad investment.

                  If I'm a sucker for believing hayek, rothbard, mises, then so be it. I'd rather be a fool than try to stomach the bullshit that bernanke is trying to convince the world of.
                  Who doesn't love a little BBQ?
                  Griot's Garage at a Deep Discount

                  Comment


                    Originally posted by John Rocker View Post
                    I lost all my money daytrading back in October 08.

                    Since March 09, I started with $300, and am now up to $14k from trading on BAC, C, WFC, and FITB. I figure Ive roughly tripled my money in about 5 or 6 months.
                    If I could roughly triple my savings every 6 months, I could definitely retire in 2 years. Can I just send it all to you for you to manage?
                    "If the sky were to fall tomorrow, the tall would die first."

                    -Dr. Paul Forrester



                    Do I LOOK like I need a psychological evaluation???

                    Comment


                      he got lucky. if he could do that consistently, I doubt he'd be posting on r3v or driving an E30.. he'd be driving like 10 of them, all E30 M3 convertables. :p
                      Build thread

                      Bimmerlabs

                      Comment


                        Originally posted by Kruzen View Post
                        You gather different information from the charts than I do.
                        Do you actually gather any information from charts, or just copy and paste your take aways from a writer on a blog?

                        The dollar has been strong for many, many, many years. And it's not like 1971 suddenly made the dollar worthless either. Just because it's complicated and too much for you, doesn't mean it's hocus pocus.

                        Do human actions of buying gold because everyone tells them to make the dollar worth less? Or in another way, did Enron raising stock prices mean the company was actually worth more? No, people are idiots and their actions are not generally based on reason or logic, or what is right.

                        At least you are comfortable being a fool.

                        Comment


                          Originally posted by rwh11385 View Post
                          Do you actually gather any information from charts, or just copy and paste your take aways from a writer on a blog?

                          The dollar has been strong for many, many, many years. And it's not like 1971 suddenly made the dollar worthless either. Just because it's complicated and too much for you, doesn't mean it's hocus pocus.

                          Do human actions of buying gold because everyone tells them to make the dollar worth less? Or in another way, did Enron raising stock prices mean the company was actually worth more? No, people are idiots and their actions are not generally based on reason or logic, or what is right.

                          At least you are comfortable being a fool.


                          Well, after I finish my sandbox play time for the day. I hop into the kitchen for a juice box that my mom throws into a sippy cup. Then I watch glenn beck re-runs and swoon over his charisma and trendy jokes.

                          Oh -- and then I hop on r3vlimited to get a rise out of heeter.

                          The dollar has been strong for many years. It's not anymore and the fed is driving it's value further into the ground every day.

                          Artificial influences in the market create an unhealthy and, as I said, artificial boom/bust cycle that is much more violent than the natural ebb and flow of a consumer driven (and adjusted) market.

                          Bailouts are bad for the economy.

                          If not for the feds actions there would not be the rampant lending that influenced our current bubble (and subsequent crash to come).

                          We could be recovering right now, but instead the fed wants to try to guide the market instead of letting it fail and allowing the market to correct itself.

                          Originally posted by rwh11385 View Post
                          No, people are idiots and their actions are not generally based on reason or logic, or what is right..
                          All the more reason you can't try to control where/how they spend their money.

                          "The captain is the consumer…the consumers determine precisely what should be produced, in what quality, and in what quantities…They are merciless egoistic bosses, full of whims and fancies, changeable and unpredictable. For them nothing counts other than their own satisfaction…In their capacity as buyers and consumers they are hard-hearted and callous, without consideration for other people…Capitalists…can only preserve and increase their wealth by filling best the orders of the consumers… In the conduct of their business affairs they must be unfeeling and stony-hearted because the consumers, their bosses, are themselves unfeeling and stony-hearted"
                          Last edited by Kruzen; 04-27-2011, 02:46 PM.
                          Who doesn't love a little BBQ?
                          Griot's Garage at a Deep Discount

                          Comment


                            It's not strong anymore? Hmmm. Why is that? Because you say so? Because it's up from a few years ago vs. Euro and GBP? Because 2% current inflation is too great?

                            Yeah, people should stop trying to control the economy I agree, but that doesn't mean ignorance of how it operates helps you any. And bailouts are bad, I agree.

                            It's not the Fed's influence allow that made all those people default on home loans. The President and other leaders thought everyone ought to be in a home, stupid liberal agencies sued banks that didn't give mortgages to poor credit minorities, and government was the first to create mortgage-backed-securities.

                            And it's the people's fault they didn't want to accept recession after 9/11. They wanted everything to go back to 'normal' and have money and spend, spend, spend, instead of living in reality. Stimulus, low rates, and living like nothing could go wrong... ended up catching up regardless of how much people didn't want it to. (same reason why gov is in massive deficits, want a whole lot and not give anything up)

                            The market is slowing correcting, although people don't want to accept construction being so low so projects are funded, necessary or not. And people remain looking for jobs in industries that have shrunk because they are stubborn. But waiting for government to make everything better again is stupid.

                            You can influence people many ways, but unfortunately too many people listen to bullshit on TV or radio or read a blog rather than being educated.

                            Fully agree on the quote. But you would do well to actually read and become informed on money supply and other principles, even if you just assume it to be evil and wrong and hurtful. Being absolutely clueless on the principles of our money supply will leave you short when to comes to understanding it, price levels, etc.

                            Comment


                              Originally posted by rwh11385 View Post
                              It's not strong anymore? Hmmm. Why is that? Because you say so? Because it's up from a few years ago vs. Euro and GBP? Because 2% current inflation is too great?

                              Fully agree on the quote. But you would do well to actually read and become informed on money supply and other principles, even if you just assume it to be evil and wrong and hurtful. Being absolutely clueless on the principles of our money supply will leave you short when to comes to understanding it, price levels, etc.
                              I'll stay away from the true spending power of the dollar and instead say that valuation/strength is inherently subjective to the individual, as confidence fails in the dollar so does its value/strength to the individual. Central banks are dumping dollars for Gold as reserve currency (http://www.cnbc.com/id/42250806). I take that to mean a reduced confidence in the dollar for long term security/investment.

                              I think the market will eventually correct itself, sure. All I'm arguing is I don't think that fixing interest rates and montary expansion are they fastest way there.

                              I will admit, I haven't had a formal economic education and the majority of my economic study comes directly from austrian theory. I would love to learn more about popular economic practice for the purpose of more clearly illustrating my beliefs, but it's not high on my to-do list at present.
                              Who doesn't love a little BBQ?
                              Griot's Garage at a Deep Discount

                              Comment


                                It's not monetary expansion if it is trying to get M3 back to where it was. Without money supply, the growth is constricted. This is why a lil inflation is healthy for economies (2%). Since banks are leveraging like they have in the past, the multiplier is much lower, and therefore the solution Ben has to play is to grow the base. But once again, this is an attempt to get M3 back to where it was, not expand it to boost the economy - simply allow it to grow to where it could be if there was enough money. Once the equilibrium is met, Ben should take a seat, not attempt to supercharge the economy anyhow, and then wait until interest rates need to be re-awakened and used to curb inflation within their guidelines.

                                Yes. Most articles seem to cater to people who don't know any better. For or against my outlook, it helps to be able to assess critically an author's logic. Please learn more about macroeconomic theory. Intro level has just basic multiplier and banks fractional-reserve stuff, but higher goes into more involved money supply, output, and interest rate issues. Books are good especially those for classes or the classics, but sometimes find free course stuff online: http://www.uwyo.edu/aadland/classes/econ3010/

                                Ben's job is actually not to control the economy IMO, but rather keep the dollar in line... although he has pressure to help if he can, and the fact that a healthy and productive US economy backs the dollar better than the alternative. I don't support the policies when we were encouraging more, more, more and spending like crazy, but in order for small business to be created and investments to be back, reasonable interest rates must be given even if the dollar wouldn't be as worth much as if they were higher. (relative return rates is a huge factor in exchange rates) But, the push for growth (or avoidance of correction/recession in 2001) was a bit overthetop.

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