- Edwin from L.A : I also do save a lot. I don't use a timetable. It requires discipline and I think a timetable for it is a great idea
- Christian from Stockholm : Yes. I am 43 and are saving 20% of my income for the last 25 years. All in the stock market. When I reach 65 I will move to dividend stocks, and live on the dividends if I want to.. I have calculated that I will have enough by then.
- Faith from Fresno : Hell No!! Every time I make a savings timetable I end up overspending or not following it at all. I prefer to use my instincts in money matters
- Mylene from San Franscisco : Yes. Still saving and planning to invest big in whatever opportunities will come my way.
- Oly D from San Diego : I read somewhere about budgeting and saving. I decided to give it a try and it is for sure the best trend to my financial success. This is the point of managing that I had constantly been missing!I am happy to have learned it.
- Ronny from San Diego : Thats what my financial advising keeps insisting I do. Never really made one that I followed. Its quite a challenge
We Could Try Optimism.
January 26, 2012 – 6:02 pmToday’s Stocks and Topics: Economic Numbers, Why 2012 will be better than 2011, How Consumers Manage Their Finances, (FDO) Family Dollar Stores Inc. (RES) RPC Inc., (JCP) J.C. Penney Co. Inc., The Stock Market, Dividends, (NFLX) Netflix Inc., (CHK) Chesapeake Energy Corp., (PAAS) Pan American Silver Corp.
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A Small Bright Spot out of Europe
January 25, 2012 – 5:58 pmThere was a big surprise in the economic numbers arising out of Europe. They reported that the PMI (Purchase Managers Index) rose sharply in January to a reading of 50.4 an increase of 2.1 points. Any reading above 50 indicates growth and below 50 indicates shrinkage. For the five months leading up to January the number was below 50 strongly suggesting a recession. Now maybe the recession, as defined as two quarters of falling GDP, may not only be shallow but be avoided. Germany’s PMI for January rose to 54 from 51.3. They, being the largest economy in the EU, could hold up the weaker economies.
This good news will pivot on what goes on with the debt issue. Will Germany agree to a bigger bailout package that will essentially be back stopped with their money? Will the various countries be able to finance their huge debt at reasonable rates? Over the next couple of months Italy and others will be issuing massive amount of debt as their bonds come due. Who is going to buy that debt and more importantly at what rate?
Good news out of Europe will need to be followed by more good news about their debt. It’s a start.
Good Trading
Steve Peasley
5 Ways To Afford Early Retirement.
January 25, 2012 – 5:58 pmToday’s Stocks and Topics: Tax Time, China’s Soft Landing, Ben Bernanke, (VALE) Vale S.A. ADS, (ATT) AT and T Inc., (MNST) Monster Beverage Corp., The Stock Market, (MTW) Manitowoc Co., (ROST) Ross Stores Inc., 401k, (CRUS) Cirrus Logic Inc.
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11 Retirement Changes for 2012
January 24, 2012 – 6:48 pmToday’s Stocks and Topics: Dividends, Retirement, Cash Prices, Roth I-R-A and 401k, High Yield Bond Funds, First Time Investor.
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