This past week, the Federal Reserve released their most recent report on consumer debt. It did not paint a pretty picture. Overall consumer debt increased by a sobering $10.3 billion for March. This brought it up to an all time high of over $4 trillion ($4.05 trillion to be exact). The chart below shows the year long trend in consumer debt: This means that through the conclusion of the first quarter in 2019, … Continue reading Protect Your Retirement Portfolio from Record Consumer Debt Fallout
What is a 401k Account? To combat the rising cost of pensions during the 1980’s, the 401k account was born. Named after the subsection of the Internal Revenue Code by the same designation, a 401k account is simply a savings plan that permits workers to invest a portion of their pay before taxes are taken out. In addition to salary and health benefits, these accounts … Continue reading Convert Your 401k Account into A Gold IRA
Many commercials in the media about gold investing, such as those on TV, radio, and online, are from gold brokers touting gold as a great investment. This doesn’t seem very intuitive, since gold pays no interest, no dividends, and realistically could go twenty years without going up in value. That doesn’t make for a spectacular investment, but many people continue to buy it for various … Continue reading gold investments
Numerous commentaries in the media, both on television and in print, would have us believe that gold is a bad investment. Headlines warning investors to stay away from the yellow metal are commonplace. Examples such as “Five reasons not to own gold,” “Gold is the worst investment in history,” “Gold as an investment – think again,” “Gold is a bad hedge,” “Gold is a pointless … Continue reading invest in gold
Historically, gold has played a major role in the economies of many nations. Although it is no longer a primary form of currency, gold is still a solid, long-term investment and may be a valuable portfolio addition, particularly in a bear market. Gold was considered a universal currency for hundreds of years. Due to its recognized value worldwide, a gold standard was used as far … Continue reading Is Buying Gold a Good Investment?