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American Association of Individual Investors (AAII) – The Numbers Behind The Non-Profit

Posted by Genry Read in Financial News | No Comments

I’ve been getting letters from the American Association of Individual Investors () for years now, and another one arrived yesterday. Their stated goal is to “assist individuals in becoming effective managers of their own assets through programs of education, information and research.” In big print on the front of the envelope, they declare that they are a 501(c)(3) non-profit “education” organization.

But after reading their pitch about investing in little-known small-cap stocks and their claims of earning 6% a year more than the averages, I just got the feeling that this was another stock tip newsletter. Keep in mind that if someone could beat the market by just 2% a year consistently, they’d be very rich folks.

From previous research on charities, I know that a lot of “non-profits” have top executives making a lot of money. On the extreme end, there are shell charities that are basically really good-paying jobs that hide behind helping veterans or orphans. Of course, ther

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Jul 13, 2011 Read More
Tags: American Association, Individual Investors, Investors

I will be 62 in four months. Do I need to wait until after my 62nd birthday to apply for my Social Security benefits?

Posted by Ginger Makales in Financial News | No Comments

You should apply for Social Security benefits three months before the date you wish to receive your first benefit check. If you want to receive benefits starting at age 62, you need to wait until you are 61 years and 9 months of age to apply. The Social Security Administration encourages those with a computer and a secure Internet connection to apply online using the “Applying Online for Retirement Benefits” feature of the Social Security website at . Carefully consider the age at which you want to apply for benefits as they are permanently reduced if you elect to take them before your full retirement age.

Jul 13, 2011 Read More
Tags: Benefits, Security Benefits, Social Security, Social Security Benefits

China almost doubles rare earth export quota

Posted by Zak Howard in Financial Reviews | No Comments

BEIJING – CHINA on Thursday nearly doubled the export quota of rare earths for the second half of the year to 15,738 tonnes, amid tensions with trade partners over its grip on the shipments of raw materials.

The quota for the next six months of the year is up 97.3 per cent from the 7,976 tonnes set for the same period last year, according to data from the Ministry of Commerce.

China produces more than 95 per cent of the world’s rare earths – 17 elements critical to manufacturing everything from iPods to low-emission cars and missiles.

But Beijing has angered trade partners by restricting overseas shipments of rare earths, in a bid to burnish its green credentials and tighten its grip over the sought-after metals.

In December, it slashed the export quota of the metals for the first half of the year to around 14,450 tonnes, down 35 per cent from the same period in 2010, after cutting the maximum by 72 per cent for the second half of 2009.

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Jul 13, 2011 Read More
Tags: Export Quota, Quota, Rare Earth

Is this the soft landing?

Posted by Clifford Mato in Financial News | No Comments

THERE has been a fair amount of anxiety over the state of the Chinese economy of late. News of unexpectedly large debt burdens among Chinese local governments generated a wave of concern that recent Chinese growth has been entirely unsustainable. As the government was forced to turn off the credit tap, some supposed, property prices would fall and a hard landing would result.

That seems an unlikely scenario to me. Chinese debt burdens are manageable and its property market dynamics are quite different from those that prevailed in western bubbles markets prior to the crash. That doesn’t mean that all is entirely well in China, however. Many observers have taken some comfort in the latest GDP report from China. Output rose 9.5% year-on-year in the second quarter. That constitutes a moderate slowdown from growth in the previous quarter, and was a little above expectations. It would seem that the government’s efforts to slow credit growth have not precipitated an uncontrollably rapid downturn in activity.

Other economic data is a little more disconcerting, however.

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Jul 13, 2011 Read More

How You Can Start Making More Money Right Now

Posted by Ginger Makales in Financial News | No Comments

Let’s talk about how you can start making more money right now. What’s the big secret? What can you start doing right now to increase your income?

I find that there’s too much misleading information on the internet about making more money. I believe that making money and finding a solid business idea is about solving problems. You need to find a pain and solve that problem. You also need to find people that know that they have a problem and are willing to pay to have it solved.

I’ve invested lots of money in self-development over the last little while. From buying every book in the world on entrepreneurship to investing in the Eark1k course, and now the Hustle Project. One key takeaway from every piece of information that I’ve consumed is that you need to solve problems.

How can you solve problems?

Think of what you’re good at.

What can you do that people care about? I don’t wan

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Jul 12, 2011 Read More
Tags: Money Right, Money Right Now, Now, Right Now

Teaching Kids About Money Makes Sense

Posted by Ginger Makales in Financial News | No Comments

MISSISSIPPI STATE – Summer jobs, lemonade stands and family vacations make summer the perfect time to talk about money matters, and free resources can help parents and children make sense of a complex issue.

Children are more likely to learn the money lessons they will need as adults when parents use real-life situations, said Sheri Worthy, professor in Mississippi State University’s School of Human Sciences.

“Openly communicate with your kids about money, be a role model and do activities together to show kids that family finances are important to everyone,” Worthy said. “It has become the American way to buy now and pay later, but this debt cycle can be avoided when parents educate themselves and their children about key money concepts.”

Research shows that young people value information about money when it has an immediate relevance to their lives, Worthy said. During the summer, teens with jobs may need help decoding paycheck deductions. Spending mo

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Jul 11, 2011 Read More
Tags: Sense

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