I posted the news that President Obama announced the new government sponsored retirement program so called "MyRA Retirement Account" couple of weeks ago. This supposedly helps employees of companies that don't offer the retirement plan save their retirement nest egg, which would be backed up by U.S Government. My initial response to this was
Before moving into the motivational discussion, I would like to clarify that success in human life is determined not only by individual’s ability but also and most importantly by his / her own level of motivation. They are a lot of people who expects someone else to come and motivate them to be changed to what they wish to be. The fact is that none would come to the salvation ever in life.
I usually hear the answers something like this every time someone brings the deals or opportunities. It goes something like this:
While stock market is climbing up in exponential speed (Dow is now over $16,000), precious metal market was down significantly since beginning of 2013. As of today, price of gold is around $1210 and silver is around $20.
By Jeanette Pavini From marketwatch.com
You don’t need to necessarily be the next Facebook or Twitter to have your idea funded. The entrepreneurial spirit and independent investing are alive and well in the world of crowdfunding.
Crowdfunding allows budding start-up owners, artists and philanthropists to reach beyond their networks of friends and family and raise money for their projects, usually via online portals. One of the largest crowdfunding sites, Kickstarter, says that, since its launch in 2009, 5 million people have pledged $831 million, funding 50,000 creative projects.
By STEVEN PERLBERG From businessinsider.com
While he's not the most bullish on the Street, Deutsche Bank's David Bianco believes that 2014 will indeed see some growth.
"The US economy should sustain a long lasting expansionary cycle of moderate growth, which will make it worthwhile to stay constructive on the S&P 500 for the next couple of years absent a sharp climb in PEs, inflation or interest rates," Bianco writes in his 2014 outlook.
by MAMTA BADKAR From businessinsider.com
In a new Barron's piece, Jeffrey Kleintop at LPL Financial lists 10 lessons from 2013, that investors should heed as they prep for the new year. First up are five key takeaways.
1. "Bonds can lose money." 2. "Sentiment can matter more than fundamentals." 3. "Time heals all wounds," as money rushed into U.S. stock funds in 2013 after they experienced years of net outflows following the financial crisis. 4. The market can be led higher by defensive stocks. 5. Historically, annual returns have been in the 5%-10% range only eight times in the past 86 years. 2013 saw 30% returns in the S&P 500 showing that "annual returns are rarely average."
From the print edition of TheEconomist.com
In both America and Europe central bankers should be pushing prices upwards
WHAT is a central banker’s main job? Ask the man on the street and the chances are he will say something like “keeping a lid on inflation”. In popular perception, and in their own minds, central bankers are the technicians who squeezed high inflation out of the rich world’s economies in the 1980s; whose credibility is based on keeping it down; and who must therefore always be on guard lest prices start to soar. Yet this view is dangerously outdated. The biggest problem facing the rich world’s central banks today is that inflation is too low.
Before the downturn, banks were originating risky mortgages and then selling them off to individual and institutional investors. Now a flip scenario is occurring: These investors are the ones originating the riskier loans. Most of the individual investors providing the funds are “accredited,” meaning that they have a net worth of more than $1 million (excluding their primary residence) or an annual income of over $200,000 for the past two years. They’re looking for a way to diversify their portfolio holdings while earning a bigger return to boot. MarketWatch has also reported on the growing trend of average Joes entering the subprime lending business.
ALL currencies involve some measure of consensual hallucination, but Bitcoin, a virtual monetary system, involves more than most. It is a peer-to-peer currency with no central bank, based on digital tokens with no intrinsic value. Rather than relying on confidence in a central authority, it depends instead on a distributed system of trust, based on a transaction ledger which is cryptographically verified and jointly maintained by the currency’s users.