Have you ever listened to music on the radio, you hear them singing about money and you just think to yourself... well, that's just terrible financial advice?
Thursday, December 29, 2011
The Top 5 Worst Songs About Money
Warning: Do Not Listen to These Songs.
Have you ever listened to music on the radio, you hear them singing about money and you just think to yourself... well, that's just terrible financial advice?
Here's my top 5 worst songs about money.
Have you ever listened to music on the radio, you hear them singing about money and you just think to yourself... well, that's just terrible financial advice?
Tuesday, December 27, 2011
My Top Silver Pick for 2012
Thursday, December 22, 2011
Who Said Gold Doesn't Pay a Dividend?
This gold stock pays it MONTHLY! It is my #1 stock to own in 2012.
With my forecasted gold price at $2,100 - $2,500 for 2012, Franco Nevada could be trading in the $60-$70 range in 2012. With current gold prices at $1600, I believe they are still worth more than the current $38 price, and value the shares at over $50.
In my opinion, Franco is much more undervalued then their major competitor, Royal Gold, and they have a lot more room to grow and do more deals in the near future.
With my forecasted gold price at $2,100 - $2,500 for 2012, Franco Nevada could be trading in the $60-$70 range in 2012. With current gold prices at $1600, I believe they are still worth more than the current $38 price, and value the shares at over $50.
In my opinion, Franco is much more undervalued then their major competitor, Royal Gold, and they have a lot more room to grow and do more deals in the near future.
Guide To Building Wealth - Tips and Tricks (Pt. 2)
More in, less out. Net worth, not income. Invest. Take risks, obsess over your finances.
In part I of this guide, I focused mainly on the three courses of action I think you need to start with on your journey to true wealth. Here are some of my favorite financial advice I've gathered over the years. Enjoy.
In part I of this guide, I focused mainly on the three courses of action I think you need to start with on your journey to true wealth. Here are some of my favorite financial advice I've gathered over the years. Enjoy.
Wednesday, December 21, 2011
My Top ETF for 2012 - Inverse ETF.
According to the fund summary: "The Investment seeks daily investment
results, before fees and expenses, which corresond to the inverse
(opposite) of the daily performance of the DOW Jones US Financial SM
Index. The fund invests in derivatives that Proshare Advisors believe
should have similar daily returns inverse of the index. It typically
invests the rest of the assets in money market instruments. The fund is non-diversified."
Best Money Management Software For Macs
Get your finances under control and better manage your money with these software programs for Macs. There are a bunch of great budgeting software out there, but I've put together this list of what I consider the best programs out there for Macintosh users.
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| You Need a Budget software. Credit: Amazon.com |
Tuesday, December 20, 2011
Do You Know What An Inverse ETF is?
Inverse ETF's could be huge in 2012.
You can make money in any market - besides buying a stock you can SHORT a Stock. But shorting stocks is not exactly easy and you have to know what you are doing. However, buying an Inverse ETF fund is the next best thing.
I believe that we are in for a roller coaster of a ride in 2012...
You can make money in any market - besides buying a stock you can SHORT a Stock. But shorting stocks is not exactly easy and you have to know what you are doing. However, buying an Inverse ETF fund is the next best thing.
I believe that we are in for a roller coaster of a ride in 2012...
How Much is 78 Million Ounces of Silver Worth?
"SOLTORO REPORTS NI 43-101 COMPLIANT 77.4 MILLION OUNCE IN PIT SILVER RESOURCE AT THE EL RAYO PRIMARY SILVER DEPOSIT IN JALISCO, MEXICO
Soltoro Ltd. (SOL:TSX-V) has received an in pit measured and indicated resource estimate of 77.4 million ounces silver on its 100% owned El Rayo silver project in the State of Jalisco, Mexico.
The NI 43-101 compliant Mineral Resource was estimated by Roscoe Postle Associates Inc. (“RPA”), and includes an updated estimate for the Las Bolas and Highway Zone structures and an initial estimate for the La Soledad structure. La Soledad is a newly discovered deposit where drilling is ongoing with the objective of extending silver mineralization along strike and at depth.
To date the Company has only tested a 600 metre section of the La Soledad structure where an associated series of airborne magnetic anomalies has been traced for over six kilometres. The current resource does not include any estimate for the La Catarina mine area where seven holes were recently completed to confirm a historic resource."
Source: www.soltoro.com
Soltoro Ltd. (SOL:TSX-V) has received an in pit measured and indicated resource estimate of 77.4 million ounces silver on its 100% owned El Rayo silver project in the State of Jalisco, Mexico.
The NI 43-101 compliant Mineral Resource was estimated by Roscoe Postle Associates Inc. (“RPA”), and includes an updated estimate for the Las Bolas and Highway Zone structures and an initial estimate for the La Soledad structure. La Soledad is a newly discovered deposit where drilling is ongoing with the objective of extending silver mineralization along strike and at depth.
To date the Company has only tested a 600 metre section of the La Soledad structure where an associated series of airborne magnetic anomalies has been traced for over six kilometres. The current resource does not include any estimate for the La Catarina mine area where seven holes were recently completed to confirm a historic resource."
Source: www.soltoro.com
Monday, December 19, 2011
A Guide to Building Wealth: Part 1
I've put together this guide to help you get started on your personal journey to wealth. I hope this first part finds you well. I plan on making this a series with tips and advice on getting out of debt, investing in real estate, stocks, best side jobs online, managing money, etc. Stay tuned for the next entry! Check it out below.
A Look at My Portfolio
OVERALL YTD
Me: %34.85
S&P: & -.19
By Quarter
1Q: 15.27 vs. 5.42. 2Q: 9.13 vs. -.39 3Q: -6.54 vs. -14.33 4Q: 18.78 vs. 10.21
MY PORTFOLIO HOLDINGS
(PLEASE READ): Please don't take this as an investment recommendation or personal advice. Please do your own due dilligence and read our disclaimer before making any investment decisions!
MY Top Pick - SNDXF - Sandstorm Gold.
As you can see, I am clearly in favor of the gold/silver junior mining stocks and warrants. I do hold positions in non-PM stocks in my other portfolio (mainly mid-cap dividend stocks) so this is just one portfolio but these are my main positions and the portfolio I expect to outperform considerably over the next couple of years. Some of these equities are extremely undervalued and I am hoping the market finally pays some attention to them. If you want more info. on individual positions feel free to comment below and I'd be happy to tell you more.
Me: %34.85
S&P: & -.19
By Quarter
1Q: 15.27 vs. 5.42. 2Q: 9.13 vs. -.39 3Q: -6.54 vs. -14.33 4Q: 18.78 vs. 10.21
MY PORTFOLIO HOLDINGS
(PLEASE READ): Please don't take this as an investment recommendation or personal advice. Please do your own due dilligence and read our disclaimer before making any investment decisions!
MY Top Pick - SNDXF - Sandstorm Gold.
As you can see, I am clearly in favor of the gold/silver junior mining stocks and warrants. I do hold positions in non-PM stocks in my other portfolio (mainly mid-cap dividend stocks) so this is just one portfolio but these are my main positions and the portfolio I expect to outperform considerably over the next couple of years. Some of these equities are extremely undervalued and I am hoping the market finally pays some attention to them. If you want more info. on individual positions feel free to comment below and I'd be happy to tell you more.
Friday, December 16, 2011
My Top Mutual Fund Pick for 2012
I've scoured all the mutual funds available to invest in and I am convinced that one mutual fund will outperform all the rest in 2012: the Tocqueville Gold Fund.
The fund is comprised of gold stocks, but physical gold itself, which I expect to rise to $2,500 in 2012. Political chaos in Europe (and even here in the US) will continue, and so will rising inflation, plus increased concern over the US national debt, which is now over $15 trillion and 100 percent of our GDP.
Check out the full story here.
I am long TGLDX.
Yahoo!Finance
The fund is comprised of gold stocks, but physical gold itself, which I expect to rise to $2,500 in 2012. Political chaos in Europe (and even here in the US) will continue, and so will rising inflation, plus increased concern over the US national debt, which is now over $15 trillion and 100 percent of our GDP.
Check out the full story here.
I am long TGLDX.
Earning a Second Income is Important
Unfortunately for many, one source of income is just not enough. Therefore you should consider picking up a second side job. I've listed some examples in this post. Keep in mind you can always do something you love as a second job - it doesn't have to be "work"!
For example, writing is one of my passions, and I just started blogging for InfoBarrel. I'm new so I haven't made any money yet, but you have to give it time. If you write about something you are passionate about, and if you write articles that will be useful to people, I think the money will follow. Some people on the site are making upwards of $2,000 a month!
Sign Up Today and start writing ASAP! I recommend you read up in the forum for help - the people here are very friendly and helpful to beginners.
For example, writing is one of my passions, and I just started blogging for InfoBarrel. I'm new so I haven't made any money yet, but you have to give it time. If you write about something you are passionate about, and if you write articles that will be useful to people, I think the money will follow. Some people on the site are making upwards of $2,000 a month!
Sign Up Today and start writing ASAP! I recommend you read up in the forum for help - the people here are very friendly and helpful to beginners.
My Top Books on Gold and Silver Investing
There are a bunch of books out there on personal finance, money, investing, and of course, gold and silver investing. It can certainly be a daunting task to find a good starting point.
So I hope I can help you out here. I have read almost every gold and silver investing book out there, and here are what I consider to be my top picks.
So I hope I can help you out here. I have read almost every gold and silver investing book out there, and here are what I consider to be my top picks.
Thursday, December 15, 2011
Wednesday, December 14, 2011
What is Silver and Why You Should Be Buying it!
There is a reason Robert Kiyosaki, author of Rich Dad, Poor Dad, has dubbed silver "the best opportunity I have ever seen."
Today is Dec. 14, 2011, with one of the biggest one-day drops in the silver price in recent memory. Silver is back down under $29.
The price of silver is VERY volatile, so investing in this metal is not for the faint of heart. I have been a buyer since it was in the low-20's, only to watch the price then shot up to $49, only to crash down...
*Despite the big drop today, over the long-term I STILL believe Silver could be worth well over $250!
Silver is no doubt one of the most interesting investments out there.
Today is Dec. 14, 2011, with one of the biggest one-day drops in the silver price in recent memory. Silver is back down under $29.
The price of silver is VERY volatile, so investing in this metal is not for the faint of heart. I have been a buyer since it was in the low-20's, only to watch the price then shot up to $49, only to crash down...
*Despite the big drop today, over the long-term I STILL believe Silver could be worth well over $250!
Silver is no doubt one of the most interesting investments out there.
The Top 5 Investing Books Ever Written
Here is my list for the top five books on investing and money ever written. I've read nearly every book on the subject and came up with this list.
I'm sure many out there may disagree with the selections, and probably the order, maybe there is a book or two on the list you have not read and will check out.
If you think I really messed up and left one out, please comment!
Cheers,
Steve
What number is this book on the list?
I'm sure many out there may disagree with the selections, and probably the order, maybe there is a book or two on the list you have not read and will check out.
If you think I really messed up and left one out, please comment!
Cheers,
Steve
What number is this book on the list?
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