Business, Stock Market Updates

Good morning, my awesome inspired readers of this blog, I hope were all excited to get out there making some big green bucks. Well without further a do I am hitting the pavement running this morning with some news and predictions to report here. First piece of the financial picture is that this morning the market snapshot isn't favored for the buyer of stocks. Looking at the markets everyone is down by a large points volume. Wall Street still continues a selling binge as it did last week with both large institution and corporate investors bailing out of the markets. The reason for this sell signal on the markets is in advance of corporate tech companies reports for this quarter. Technology company earnings for this quarter are down which is also causing the herd to feel insecure about stock future,ETF and mainstream technology stocks. The added with the underpinnings on the markets still shows a shaky downhill curve on market data charts. This all contributes to investors continue to move their portfolios to safety havens like T Bills government bonds and shorting cheap stocks to make money. This may sound like a prescription for a roll of. Rolaids but when you've looked at the charting characteristics for this early week you'll understand why people are bailing out. The woes persist from last week with more bad news in corporate earnings still on it's way. You combine this change with the dollar up 1.64 against most all the other global currencies except China this is causing flat economic GDP performance on the index. Market speculators are pushing profits into other safety havens to avoid a sudden market contortion that will hurt their long term investments. You add it up this week is pretty much going to continue the same with radical shifting of wealth into a safety zone. This is what I see happen so far and I don't see that going to change until maybe after corporate profit reports come out. When all this happens you might see some market indexes upswing but it won't be a radical climb given the overall pressure of the woes in the current economy.

Let's all become Billionaires!!

Retirement Planning

I recently was talking to a long term friend of mine about retirement  finances in older age. He exclaimed all the virtues of being very wealthy having more than a hundred thousand dollars to his name in retirement accounts. Well, this really started me thinking that their must be lots of average working people have very little knowledge about investments and retirement planning. First of all only about 10 percent of the total population of American people have a excessive  amount of financial wealth. This puts my friends in a higher income and saving level bracket than most of America. They both have amassed a larger amount of riches due to their income and investment levels over about 17 years. Their are many in working America that live with paychecks that don't know what it is to be financially wealthy.  These are the people who struggle to live and generally don't have a retirement savings in a plan of their choice.  I know that many people try their best to live with what little they have financially so due to being poor they never plan for retirement.. Planning for you and your spouses retirement is a important thing to do so that your setup later in life for after retirement expenses. Any smart investment planner will tell you that you'll need to put away about a third to half of your mutual married lifetime income into these accounts. Your choice of accounts should reflect a broad spectrum of investments into CD,Roth IRA,Stocks,Bonds,Mutual Funds and other investment tools This will achieve a good retirement package being a married couple for your golden years ahead. Financial planning should include expected life changes after retirement. Some examples of items to be considered are hospital medical expenses,doctors,down sizing of your home by selling it, changes in your portfolios value. These expenses i have listed can make you quickly deplete your lifetime savings and put your retirement plan into a tail spin. Always consider what you as a married couple want to mutually achieve for your later years by describing it in detail on paper. When you've agreed to the full plan then start looking for the right investment tools that fit the plan. You should build into your married retirement plan a certain cushion of extra money for items like your favorite golf course,travel on a cruise ship and exotic adventures to Belize,Cancun beaches etc. Think very hard together trying to anticipate even the most basic expenses like the costs food,home, the costs of keeping your cars registered,insured. If your doing everything right together you'll enjoy a great retirement lifestyle filled with long years of happiness and exciting adventure in your later golden years of life.

Have a Great Day..

Economic Perspective

I recently found myself talking to a couple of college students about the economy. In talking to them I found out that they have been actively looking for a job by putting out over fourteenth job applications a week. These students told me that even with the constant effort that they still have not gotten a paying job. They are so dissatisfied with with the situation with employment that these college women are going to move to another state to secure a paying job. This discussion about jobs was joined by a middle fifties person who said that he worked in construction all his life until it went sour in this decade. He said that going back to college was is not a easy decision for him but it seems to be the only one he could do to get a better job. I am finding that lots of people are in the same predicament with the slow economy that is effecting a huge part of the population in America. The disappointed people I am talking to said that the overall job problem is a menace to their lives. For some I have talked to they ate trying to get full time employment but they are currently working part time presently. Many people are doing this type of employment but it is not enough to pay for basic expenses for their family. It is tough to get a job and even harder to keep one because so many people are either under employed or totally unemployed in America. This problem needs to be dealt with so that every American has a good paying job and government is not doing discrimination against any part of the population. In the last decade government regulations have and are becoming more discrimination against everyone except the rich in this nation. This is causes more people who want to work left out because government has taken away their freedom and ability to live through the use of cruel regulations. This is just additional layer of problems to the already bleak economic and social situation that exists in America today. I think back to Ross Perot who said what is needed is to cut government and shrink the number of regulations in America so that we begin to be a nation of freedom instead of a dictatorship. I agree with his analysis of what has to be done to put America back to the front of leadership instead of being nearly a third world nation. I think that if we do tough decisions and do the items listed above America will have a great renewal and experience huge amount of growth in the coming years... Let's do the right things in America and put this country on the right track so that we improve the lives of everyone instead of practicing discrimination.