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Wednesday, 26 March 2014

Why Hiding Cash at Home is a Huge Mistake

How much cash do you have hidden around your home?

If the answer is more than $100, then you have too much cash in your house.

We all keep a little money on hand for those rare occasions -- like the times you need cash because the neighborhood kid offers to shovel your driveway or mow your lawn. You want to help the enterprising young child but don't want the hassle of driving to an ATM, so you keep some cash around the house. But if you're hiding money in your home because you don't feel it's safe in a bank, you're making a huge mistake.
During the recession, when everyone was panicking because banks were failing, lots of people decided their cash was safer in their home and out of the bank. In reality, that's not true. Here's why:

1. You aren't earning interest on your money.

The best financial reason for not leaving cash at home is that you don't earn any interest on your savings. The interest from a bank may not seem like a lot, especially given low interest rates, but every bit counts.
It's far better to keep your funds tucked away in an Federal Deposit Insurance Corporation-insured bank or credit union where it will earn interest and have the full protection of the FDIC.

Speaking of protection ...

2. You may not be protected if it is stolen or destroyed in the event of a robbery or fire.

Renters and homeowners insurance typically do not have high limits when it comes to protecting the loss or theft of cash within your home. You need to review your policy in order to know what your limit is, but it could be as low as $200.

This means if someone steals your hidden cash, it's most likely gone for good. You won't be reimbursed unless you have a separate rider, which seems silly to pay for just to keep cash in your home.

3. You might accidentally throw it out or leave it behind.

In 2006, a contractor was renovating a bathroom and found $182,000 of Depression-era money in the walls. The moral of the story: Don't hide money in places you won't remember.

It's very easy to forget where you hid your rainy day fund if you are really good at hiding it. The last thing you want to do is forget where it is or accidentally throw it out.

Even if you think you'll remember, someone else find it, or worse, rid of it. In 2009, a woman in Tel Aviv gave her mom a new mattress and threw away the old one. There was just one problem -- the mom had hidden $1 million of her savings inside the old one. Now they just have sad photos of them searching through a dump for the million-dollar mattress.

So do you really need to keep cash at home?
What's the reasoning behind keeping cash at home? Do you think you'll need it for some future need? If you can't think of any immediate reason -- in other words, a need within the next week or so -- then it's not necessary to stash cash at home.

If you need the cash to pay someone for something, consider if it's possible to give the individual a personal check or if you can pay by credit card. Those are far safer alternatives than keeping a wad of cash in your drawer.

However, if you really need to keep cash on hand, put it somewhere you'll remember but thieves won't find. Do a quick search online for some clever hiding spots -- though fair warning there are a few repulsive options -- and then find a way to remind yourself that you hid money there.

Sunday, 23 March 2014

Warning: Stocks Will Collapse by 50% in 2014

It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts.

“We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it."

Unfortunately Spitznagel isn’t alone.

“We are in a gigantic financial asset bubble,” warns Swiss adviser and fund manager Marc Faber. “It could burst any day.”

Faber doesn’t hesitate to put the blame squarely on President Obama’s big government policies and the Federal Reserve’s risky low-rate policies, which, he says, “penalize the income earners, the savers who save, your parents — why should your parents be forced to speculate in stocks and in real estate and everything under the sun?”

Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well. The “Warren Buffett Indicator,” also known as the “Total-Market-Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment.

So with an inevitable crash looming, what are Main Street investors to do?

One option is to sell all your stocks and stuff your money under the mattress, and another option is to risk everything and ride out the storm.

But according to Sean Hyman, founder of Absolute Profits, there is a third option.

“There are specific sectors of the market that are all but guaranteed to perform well during the next few months,” Hyman explains. “Getting out of stocks now could be costly.”

How can Hyman be so sure?

He has access to a secret Wall Street calendar that has beat the overall market by 250% since 1968. This calendar simply lists 19 investments (based on sectors of the market) and 38 dates to buy and sell them, and by doing so, one could turn $1,000 into as much as $300,000 in a 10-year time frame.

“But this calendar is just one part of my investment system,” Hyman adds. “I also have a Crash Alert System that is designed to warn investors before a major correction as well.”

(The Crash Alert System was actually programmed by one of the individuals who coded nuclear missile flight patterns during the Cold War so that it could be as close to 100% accurate as possible).

Hyman explains that if the market starts to plunge, the Crash Alert System will signal a sell alert warning investors to go to cash.

“You would have been able to completely avoid the 2000 and 2008 collapses if you were using this system based on our back-testing,” Hyman explains. “Imagine how much more money you would have if you had avoided those horrific sell-offs.”

One might think Sean is being too confident, but he has proven himself correct in front of millions of people time and time again.

In a 2012 interview on Bloomberg Television, Hyman correctly predicted that Best Buy would drop down to $11 a share and then it would rally back up to $40 a share over the next few months. The stock did exactly what Hyman predicted.

Then, during a Fox Business interview with Gerri Willis in early 2013, he forecast that the market would rally to new highs of 15,000 despite the massive sell-off that was haunting investors. The stock market almost immediately rebounded and hit Hyman’s targets.

“A lot of people think I am lucky,” Sean said. “But it has nothing to do with luck. It has everything to do with certain tools I use. Tools like the secret Wall Street calendar and my Crash Alert System.”

With more financial uncertainty that ever, thousands of people are flocking to Hyman for his guidance. He has over 114,000 subscribers to his monthly newsletter, and his investment videos have been seen millions of times.

In a recent video, Hyman not only reveals the secret Wall Street calendar, he also shows how his Crash Alert System works so that anybody can follow in his footsteps

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