Thursday, February 7, 2013
Monday, December 31, 2012
Tuesday, November 13, 2012
The rule of 72
Do you know the rule of 72?
If not, you should. The rule of 72 is simply put a way to calculate how long it will take for an investment to double.
Here is a fun exercise. Go into your bank and look for an advertisement for the rate of return for CD investments. At my bank (that rhymes with Smells Largo) a 6 month CD returns a rate of 1% interest. According to the chart on Wikipedia ( http://en.wikipedia.org/wiki/Rule_of_72 ), it will take 72 years to double my money. Consider that if your parents invested $50,000 dollars on your behalf at 1%, by the time you were ready to retire you'd have doubled your money. In 1970 when I was born a beach side 2 bedroom house in California cost about $20,000. That same house today will cost a minimum of $2,000,000 dollars. In other words the return rate for an investment at 1% is so slow that you'll not only not get a good return, you'll lose money on the deal through inflation. So where should you invest your money? The stock market? Maybe, but thats far too much of a gamble. Consider that the Dow Jones and the Nasdaq are at roughly the same place they were 5 years ago... which is roughly the same place as it was in 2001. Some stocks have borne out well, but with the constant pressure from brokers to deversify and to buy and sell, most people end up losing money. The currency exchange is a great place to make a lot of money fast. George Soros actually put himself on the world scene by doing just that ( http://en.wikipedia.org/wiki/George_Soros#Currency_speculation ). The currency exchange is very technical, the learning curve is brutal, and at the end of the day if you don't really know what you're doing you'd be better off taking your savings to Las Vegas and betting everything on a single hand of 2 deck black jack with favorable rules. You probably don't want to do either of those things. So what else is there?
There is prosper. And online lending institution that you can borrow money from for any reason (based on your credit), or actually buy loans from AA credit rating people all the way down to hi risk loans. The return on investment percentage scales from low (6% on AA loans) to high (30%+ on HR or high risk loans).
Click this banner to find out more:
If you need a loan, click here:
I personally use this service. Traditional banking is dead. Its time to join a credit union for checking accounts and use non-traditional investments. Feel free to contact me with questions. Checarsner@gmail.com
If not, you should. The rule of 72 is simply put a way to calculate how long it will take for an investment to double.
Here is a fun exercise. Go into your bank and look for an advertisement for the rate of return for CD investments. At my bank (that rhymes with Smells Largo) a 6 month CD returns a rate of 1% interest. According to the chart on Wikipedia ( http://en.wikipedia.org/wiki/Rule_of_72 ), it will take 72 years to double my money. Consider that if your parents invested $50,000 dollars on your behalf at 1%, by the time you were ready to retire you'd have doubled your money. In 1970 when I was born a beach side 2 bedroom house in California cost about $20,000. That same house today will cost a minimum of $2,000,000 dollars. In other words the return rate for an investment at 1% is so slow that you'll not only not get a good return, you'll lose money on the deal through inflation. So where should you invest your money? The stock market? Maybe, but thats far too much of a gamble. Consider that the Dow Jones and the Nasdaq are at roughly the same place they were 5 years ago... which is roughly the same place as it was in 2001. Some stocks have borne out well, but with the constant pressure from brokers to deversify and to buy and sell, most people end up losing money. The currency exchange is a great place to make a lot of money fast. George Soros actually put himself on the world scene by doing just that ( http://en.wikipedia.org/wiki/George_Soros#Currency_speculation ). The currency exchange is very technical, the learning curve is brutal, and at the end of the day if you don't really know what you're doing you'd be better off taking your savings to Las Vegas and betting everything on a single hand of 2 deck black jack with favorable rules. You probably don't want to do either of those things. So what else is there?
There is prosper. And online lending institution that you can borrow money from for any reason (based on your credit), or actually buy loans from AA credit rating people all the way down to hi risk loans. The return on investment percentage scales from low (6% on AA loans) to high (30%+ on HR or high risk loans).
Click this banner to find out more:
If you need a loan, click here:
I personally use this service. Traditional banking is dead. Its time to join a credit union for checking accounts and use non-traditional investments. Feel free to contact me with questions. Checarsner@gmail.com
Wednesday, February 15, 2012
Time Machine, "The Unfortunate Twist" (feat/ Greg Nice) by gitdrecords
http://www.youtube.com/watch?v=uCyuEQKNyvA
Time Machine's new album, LIFE IS EXPENSIVE, is out now on iTunes and in stores! This is the music video for the 2nd single, "The Unfortunate Twist" featuring the legendary Greg Nice of Nice & Smooth. Directed by David Whittle. www.myspace.com/timemachine
Time Machine's new album, LIFE IS EXPENSIVE, is out now on iTunes and in stores! This is the music video for the 2nd single, "The Unfortunate Twist" featuring the legendary Greg Nice of Nice & Smooth. Directed by David Whittle. www.myspace.com/timemachine
Tuesday, March 22, 2011
Pole dancing for Jesus.
This makes so much sense on so many levels.
http://www.huffingtonpost.com/2011/03/21/pole-dancing-for-jesus_n_838653.html
http://www.huffingtonpost.com/2011/03/21/pole-dancing-for-jesus_n_838653.html
Monday, March 21, 2011
NSA loves your naked pictures!
If you're sending anything private with your phone, keep in mind that the major telcos.. especially At&t don't care at all about your privacy.
http://www.eff.org/issues/nsa-spying
http://www.eff.org/issues/nsa-spying
Republican priorities are clear
If you're wondering what the real intension of the Republican party is, well here you go. They aren't interested in doing anything that helps the United States. They are interested in stealing from Americans and not getting called on it. They have no integrity. If you're a Republican and you make less than $100,000, you're a fool.
"The nonpartisan Congressional Budget Office ran the numbers and calculated the impact this emergency measure would have on government spending: 'No effect.'
Five minutes after acting on this budgetary emergency, House Republicans voted to continue the war in Afghanistan — which costs about $10 billion. Per month. They then flew home for a vacation."
http://www.washingtonpost.com/opinions/the_npr_emergency/2011/03/18/ABczyBp_story.html?wprss=rss_homepage
"The nonpartisan Congressional Budget Office ran the numbers and calculated the impact this emergency measure would have on government spending: 'No effect.'
Five minutes after acting on this budgetary emergency, House Republicans voted to continue the war in Afghanistan — which costs about $10 billion. Per month. They then flew home for a vacation."
http://www.washingtonpost.com/opinions/the_npr_emergency/2011/03/18/ABczyBp_story.html?wprss=rss_homepage
Subscribe to:
Posts (Atom)