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You missed one big advantage.
With higher gas prices, more things would have to be made in the United States.
When companies manufacture overseas in China, they have to get all that stuff back here to the USA. How do they do it? By cargo ship mostly. And what does a cargo ship use? Fuel of course and fuel co...more
So basically a couple hedge funds can corner the market (i.e. silver or oil) at will.
Regular everyday people have no idea when or why these hedge funds are making their moves.
This is all the more reason why original people have no business being involved in the stock market or buying commodities.
This is your classic "shock the reader" article that MSN puts out from time to time.
Congratulations you went around to interview a bunch of people who were not smart enough to save money.
Now lets think back 20 or 30 or even 40 years ago when these same people (who are poor now) were enjoying life and spending m...more
I used to like stocks. Ask me why 5 years ago I would have recited the standard knowledge at the time " because stocks return between 10-15% per year".
Nowadays, that whole way of thinking seems like a big joke. I graduated highschool in '99 right before the tech bubble and stocks today (in 2010) are about at the sa...more
Your article is good. Could you at least give a reference or some credit to Author Thomas Stanley who wrote "The Millionaire Next Door"?
His book that came out in 1996 did some of the first preliminary research to show that the Millionaire's next door in America were living in modest homes, used paid for cars, and ...more
I don't have any problem with large-volume warehouses such as Costco or Sam's Club checking everybody's receipt.
You have to understand that these stores have such small profit margins that if even one person sneaks out with merchandise out of the door without paying for it the consequences for profits (and in turn wo...more
Ahh, the old asset allocation explanation. This has been around for awhile now nothing new.
I really believe that since so many people now know about this method especially common everyday investors that Wall Street insiders will find a way to make huge profits from this group.
The target potential for the insid...more
I used to be one of those people who had a credit card and paid it off every month.
Them I learned there really is no need for a credit card (after following Dave Ramsey's baby steps program).
We have gotten rid of all our credit cards this year and have been doing great ever since.
Me and my wife have no de...more
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