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Investing for Retirement
No matter when you started or how much you have, you'll be thinking about it by now. Chat with those who have learned what will help you the most right now!
Latest group announcement
Under New Management
These are interesting times to be investing. But at least the Dow was up today, Wednesday, July 16, 2008, so I hope that's a good sign. We may not be pros at this, but with prudence, patience, good research and the blessings of providence we can at least beat inflation.
Many happy returns!
Pressly
Many happy returns!
Pressly
Recent Messages
5 Tips to Better Investing
I'll admit I'm no pro at investing, so I'm rooting around looking for advice from the folks who know. Here's a little story from Jim Cramer's Mad Money show on CNBC on five simple rules the pros know (and that amateurs like me should learn).
Pressly
Pressly
Thanks, Mom!
Necessity, who is the mother of invention. - Plato
That being so, the current necessity to conserve fuel to control costs is creating a money making opportunity for many clever entrepreneurs and their astute investors. Just this week, a piece appeared in our local paper on a couple of guys who have harnessed GPS location to help cities manage their service fleets more efficiently. So even in a challenging economy, there are opportunities to be found. When you think of investing, ask yourself "What works?" What do you need? What makes your life better? What is indispensable? Could be there's a way to get in on the action.
Pressly
That being so, the current necessity to conserve fuel to control costs is creating a money making opportunity for many clever entrepreneurs and their astute investors. Just this week, a piece appeared in our local paper on a couple of guys who have harnessed GPS location to help cities manage their service fleets more efficiently. So even in a challenging economy, there are opportunities to be found. When you think of investing, ask yourself "What works?" What do you need? What makes your life better? What is indispensable? Could be there's a way to get in on the action.
Pressly
Oil Prices Slip Lower...
...So when will we see ga$ do the same? It may be a while, but at least the constantly rising prices should level off. Soft demand was cited as a major factor in turning this market around. Well done, my fellow Americans! Let's keep on conserving (I'm doing a lot less driving) even if prices do come down. It helps our personal finances, helps lower the trade deficit and benefits the planet. We all win, again and again.
Pressly
Pressly
Got SIPC?
Is you broker a member of SIPC (Securities Investor Protection Corporation)? It's bad enough that stock prices are trending down these days. But as long as the companies you've invested in remain solvent there is hope they will recover and move ahead, bringing stock values back up. But, while you patiently wait for better days, what if your broker goes out of business! :-0 Then the above question can matter a great deal.
The SIPC cannot protect you from falling stock prices or bankruptcy of the corporations you have invested in (investing is inherently a risk venture), but if the company you invest through closes its doors, and its web site, there is hope that in a reasonable time the cash and securities in your account will be returned. This is where the SIPC steps in.
To facilitate that process, you will need to know just what you have invested. Be sure to keep periodic statements on file. If you do your trading on-line, be sure to print copies of your statement. Should your broker go out of business, your access to on-line records is likely to disappear. And of course, first and foremost, find out if your broker is a member of SIPC and that your account is covered. It offers at least one measure of protection in unsettling times.
Pressly
The SIPC cannot protect you from falling stock prices or bankruptcy of the corporations you have invested in (investing is inherently a risk venture), but if the company you invest through closes its doors, and its web site, there is hope that in a reasonable time the cash and securities in your account will be returned. This is where the SIPC steps in.
To facilitate that process, you will need to know just what you have invested. Be sure to keep periodic statements on file. If you do your trading on-line, be sure to print copies of your statement. Should your broker go out of business, your access to on-line records is likely to disappear. And of course, first and foremost, find out if your broker is a member of SIPC and that your account is covered. It offers at least one measure of protection in unsettling times.
Pressly
You guys could use a new Manager!
The Manager of this group seems to have been absent for a long time! Anyone up for taking on the job of managing this group? It's easy and fun and this is a cool group that is active and cookin'! PM me and let me know and I can make it happen!
Eons Rebate Check Survey
What are you going to do with your Government rebate check? We want to know are you going to spend it or save it? Use it for gas or buy a new TV? This is a fun, three question survey to find out what Eons members are going to do with the rebate checks we're getting from the government soon. Take the survey now!
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Sign Of The Times:Bridgework Now Worth Big Bucks!
Hi All,
Thought you might find this article in the Charlotte Observer on Thursday April 24th, 2008, interesting!
by Stevenson Jacobs, Associated Press
NEW York-Dazzled by the bull market in gold, people are digging through drawers for old dental caps, fillings and
bridgework they saved years ago and selling them at prices that would make the tooth fairy blush. Instead of hanging on to the pieces as souvenirs, many are turning them over to pawnbrokers, coin shops and specialized firms that buy "dental gold" hoping to take a bite of out of the metal's historic run to $1,000 an ounce.
"People are really cashing in. If a dentist passes away, their kids come in with a big pile of gold teeth," said Scott Taber, owner of Taber Coins, a
Shrewsbury, Mass, coin dealer that buys dental gold and then resells it to a gold smelter.
He said he used to see only a few customers a month selling gold teeth but now gets that many each week, "People are digging up the gold and starting to sell it," he said.
A gold crown typically uses about one-tenth of an ounce of l6-karat gold, which would fetch around $40 to $50 at today's prices, Taber said. Heavier pieces of dental gold can command prices of several hundred dollars, he said.
That deal sounds pretty good to people like Ann Davis, a 63-year old retiree in Rock Island, Ill, who had gold caps and a bridge removed nearly 40 years ago and has held on to them.
"You don't want to throw it away because it might be worth something,"she said. "Now that gold's going up it's time to think about selling."
Gold prices have been surging since last year as the weak dollar, record crude-oil prices and fears of a US recession have enhances its appeal as a haven for investors.
Gold set a record of $l,038.60 an ounce on March l7 and has since fallen to about $920, but experts say it could soon resume its upward climb. Several precious metal analysts have even predicted $2,000 gold ahead as a global commodities boom pushes the price of raw materials further into record territory.
That would roughly equal gold's inflation-adjusted high of the l980s.
Thought you might find this article in the Charlotte Observer on Thursday April 24th, 2008, interesting!
by Stevenson Jacobs, Associated Press
NEW York-Dazzled by the bull market in gold, people are digging through drawers for old dental caps, fillings and
bridgework they saved years ago and selling them at prices that would make the tooth fairy blush. Instead of hanging on to the pieces as souvenirs, many are turning them over to pawnbrokers, coin shops and specialized firms that buy "dental gold" hoping to take a bite of out of the metal's historic run to $1,000 an ounce.
"People are really cashing in. If a dentist passes away, their kids come in with a big pile of gold teeth," said Scott Taber, owner of Taber Coins, a
Shrewsbury, Mass, coin dealer that buys dental gold and then resells it to a gold smelter.
He said he used to see only a few customers a month selling gold teeth but now gets that many each week, "People are digging up the gold and starting to sell it," he said.
A gold crown typically uses about one-tenth of an ounce of l6-karat gold, which would fetch around $40 to $50 at today's prices, Taber said. Heavier pieces of dental gold can command prices of several hundred dollars, he said.
That deal sounds pretty good to people like Ann Davis, a 63-year old retiree in Rock Island, Ill, who had gold caps and a bridge removed nearly 40 years ago and has held on to them.
"You don't want to throw it away because it might be worth something,"she said. "Now that gold's going up it's time to think about selling."
Gold prices have been surging since last year as the weak dollar, record crude-oil prices and fears of a US recession have enhances its appeal as a haven for investors.
Gold set a record of $l,038.60 an ounce on March l7 and has since fallen to about $920, but experts say it could soon resume its upward climb. Several precious metal analysts have even predicted $2,000 gold ahead as a global commodities boom pushes the price of raw materials further into record territory.
That would roughly equal gold's inflation-adjusted high of the l980s.
A Novice's Way Of Investing
Hi All,
A good friend turned me on to the idea of investing in silver because of the declining value of the dollar and after doing some research, it definitely makes sense to me.
Check out these two websites to learn more:
view link
view link
Unfortunately, I don't have huge sums of money to make huge investments in silver bars.
But I can see the possibilities of being able to invest in silver coins for the cost of a fast food lunch for two these days!
And by sharing with others, I can obtain FREE silver coins!
And so can you!
And gradually build up a silver stockpile!
Checkout:
view link
Let me know if you have any questions.
Ernestine
A good friend turned me on to the idea of investing in silver because of the declining value of the dollar and after doing some research, it definitely makes sense to me.
Check out these two websites to learn more:
view link
view link
Unfortunately, I don't have huge sums of money to make huge investments in silver bars.
But I can see the possibilities of being able to invest in silver coins for the cost of a fast food lunch for two these days!
And by sharing with others, I can obtain FREE silver coins!
And so can you!
And gradually build up a silver stockpile!
Checkout:
view link
Let me know if you have any questions.
Ernestine
Annuities
Hi all. I am fairly new to Eons and am new to this group. I I am currently semi-retired (I work 20 hours a week) and my wife will be retiring in another 12 months. We are planning on selling our two homes in the northeast and moving south to South Carolina. What I am looking for is an income stream, other than social security, that is fairly safe and returns more than 5%. I have been doing reading on Anuuities and have a good understanding of the upside but am having trouble finding out what my downsides are. If you think annuities are a good investement, what percent of your investement portfolio would you put into annuities? Any information or advice would be greatly appreciated.
Thanks
Steve
Thanks
Steve
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