Market Talk – July 26, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 202.10 points or -0.53% to 37,667.41 Shanghai increased 4.16 points or 0.14% to 2,890.90 Hang [...]
Financial Planning When the Time Comes
QUESTION: Martin, love your blog! My wife and I are retired Americans with modest income, an ‘average’ middle lower class person. We own our home and have no debt. Your blog has opened a whole new world to me and I have followed it for about 5 years. My question after reading it, especially the banking crisis and monetary crises parts, frequently is: “so, what should we do?” I realize you probably sell the answers for more than I can afford at places I cannot go, but I wonder if you couldn’t provide a ” life raft” view of advice for the masses who are interested in weathering the storms you anticipate. What 3 things would you do as an average retired American, lower or modest income, minimum to no debt?
Just thinking, what?
BC
ANSWER: I take what I do seriously. I will never speak just off the cuff. I really would not be able to sleep night. I thank God I am financially secure so I do not need to work for money, which gives me the freedom to try to contribute. Being in the USA is OK for now. We are not in a position of imminent danger just yet. That will most likely start as early as next year. When I see the opportunity unfold, rest assured, I will be putting that on the private blog. There are some things I just cannot put out for the whole world to see.
Latest Posts
It’s a Recession Not a Depression
The government insists that the economy is fine, thriving perhaps, and has asked the public to pay no mind to their current financial situation. No one, aside from those living [...]
China turns Neutral?
Ukraine Foreign Minister Dmytro Kuleba and Chinese counterpart Wang Yi in Guangzhou met to discuss China’s position on the Russia-Ukraine war. China stated it is “willing to play a constructive [...]
Never Trust the Secret Service since Elite Bodyguards have a History of Assassinating Heads of State?
I have reported how President Richard Nixon had threatened the head of the CIA, saying: “I know who killed JFK.” When he was driven out of office, Nixon refused the [...]
