Financial Wisdom and Wealth

The Federal Government is trying to usurp your freedom a little at a time. As it does so, our nation heads into full-fledged socialism. The Social Security program that was developed decades ago is an utter failure. Yet it’s goal was to let those who paid in during their working years to [...]

Dividends are being cut at the fastest pace in at least 50 years, and many of the reductions are coming from U.S. companies investors have been relying on to provide income during the recession.
Here’s some advice: DO NOT RELY UPON OTHERS FOR INCOME! It’s called being self-reliant; you can learn a lot at [...]

Paying extra torwards your principle balance on your mortgage can be quite a blessing. However, it entirely depends on your individual situation, your goals, and your financial discipline and attitude. It is not for everyone, but it will certainly bring peace of mind. Here are some reasons that I would recommend that [...]

The Dow Jones Industrial Average (DJIA) plunged yet again today to close at 7,997. This is the lowest level in over 5 years. We’ve seen the start of the correction in the real estate market, and now we are seeing the start of the correction for the stock market (which has been over [...]

The chart below compares the current inflation adjusted stock chart to a chart of the period from 1964 to 1984 adjusted for inflation and adjusted so the peak in 1966 matches the peak in 2000. Historical comparison charts are generally useless, but the similarity here is at least interesting.

Based on the current historical trend, we [...]

As you might as well guessed, with the likely chance that Barack Hussein Obama will ban and outlaw guns, there is a huge demand to get these automatic rifles before they become banned permanently. The last ban passed in 1994 was for 10 years with a provision that it would expire unless Congress renewed [...]

I have shown how stocks are a horrible investment, how investing in gold is a bad decision, and how real estate can not be considered an investment.
So, after showing the bleak reality of common investments, people often ask me what would be the best investment.  Well, in one word, it is YOU.  It is the [...]

I recently posted an article busting the myth that the stock market increase 12% per year. In fact, its return is between 1% to 2% per year when adjusted for inflation. I also showed evidence that the median home prices are fairly constant over time when adjusted for inflation. So, what about [...]

Yea, the DJIA plunged 777.68 points yesterday, which is the biggest point decline in history. The 2nd biggest point decline was on September 17, 2001 (first trading day after 9/11) that had a 684.81 decline. The DJIA gained 485.21 points today recoving almost two-thirds of the lost from yesterday. However, point [...]

I recently dispelled the myth that the stock market always goes up, and in fact showed that adjusted for inflation, it provides a return of between 1% to 2% per year.  Some people think that real estate has been a good investment.  This is not so; we still have a bit of ways to decline [...]