The market has been struggling trying to understand our new fed chairman’s view on the economy. This video will help you better understand Ben Bernanke.
http://www0.gsb.columbia.edu/students/organizations/follies/media/EveryBreath.wmv
Think Free
A common trait amongst financially free people is that they are not shackled by conventional thinking. Traditional career paths with titles and corporate ladders are of little interest to them. They are contrarians who are quite comfortable zigging while others are zagging.
The financially free’s mantra is to support their lifestyle by generating income from their assets or avocations instead of a job. So, their days are spent maximizing the return on their eBay business or rental properties. Preferably this income is generated in fewer hours than the standard 9 to 5. If structured correctly the revenue will continue to come in while vacationing or on the golf course. As the number of working hours is significantly reduced, your time can be reallocated to focus what is truly important to you and your family. Hence, financial freedom provides you both time AND money.
CEF Follow-Up
I am sure many of you have seen the headlines. Gold Climbs above $700
http://www.forbes.com/feeds/ap/2006/05/10/ap2734388.html
Metal mania: Aluminum hits 18-year peak
http://economictimes.indiatimes.com/articleshow/1523103.cms
Copper surges on supply woes
http://www.miningweekly.co.za/min/news/today/?show=85814Â
Commodities are breaking out to new highs daily. Unfortunately only those considered the “smart money†are benefiting from these record prices. My guess in about five years your advisors and brokers will start calling telling you about a hot new gold stock. The objective of “The Time and Money Group†is to provide resources and information to enable you to take charge of your financial future. Hopefully, we will help you become part of the “smart money†crowd.Â
Getting Started in Gold/Silver Investing with CEF
I am a big believer in commodities. This includes all commodities: Precious Metals – Gold, Sliver, Palladium, Platinum; Base Metals – Copper, Zinc, Lead, Aluminum; Energy – Oil, Uranium. Â
“Commodities demand is growing for a variety of reasons, but the great industrialization of Asia is certainly the primary one. About half of the world’s population lives in Asia and has never experienced anything like the abundant material standard of living that we take for granted in the States and Europe. As the rise of Asia gradually increases the local standards of living, the per capita consumption of virtually all major commodities will probably eventually approach first-world levels.
China is the greatest example of this phenomenon, as a recent Earth Policy Institute report pointed out. The Chinese collectively already consume 40% more coal, 68% more meat, and 148% more steel each year than the United States. A fascinating subsequent EPI report just published this week, while unabashedly environmentalist in focus, ponders the impact on commodities if the Chinese per capita income of $5k eventually reaches the US level of $38k.” – Adam Hamilton
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