The T Boone Pickens plan is a good idea, yet natural gas has been beaten silly. Look at the graph; natural gas is near a 6.5 year low! Stockpiles are rising (weekly natural gas storage report) putting more downward pressure on prices. But I like the risk/reward ratio. A patient investor can see his or her money triple when prices spike back up.
Two of
the ways you can play it are UNG
and GAZ. Just be aware that UNG is a grantor trust, which means you
are participating in a limited partnership, and taxes can be tricky. Here are my other
picks from February.
You may have heard that once you retire you’ll be able to live on 70-80% of your pre-retirement income. However, considering medical costs are rising and life spans are increasing, you’re likely to need 100% of your pre-retirement income in retirement.
Since it’s likely you’ll live a long life you need to keep a higher percentage of your assets in equity investments. Consider subtracting your current age from 110. The result could be considered a starting point for your equity allocation. For example, if you are 65 consider allocating 45% of your portfolio to equity investments (110-65 = 45) and allocate 55% to fixed income investments.
Also be sure to determine the best retirement age for collecting social security benefits
If you have saved money or made money because of this blog,
why not tip
me? For $3 you get to download my seminars. They teach you how to save $130,000
over your lifetime by smarter spending, how to make an 11% return on your
investments every year, and how to earn $800 a month in your spare time!
From USA Today
Stockpiling. When the stock market drops, orders surge for freeze-dried food, survival kits and emergency supplies, says Nitro-Pak president Harry Weyandt. One best seller: a $3,375 food reserve that feeds four people for three months.
Gardening. Sales of vegetable seeds and transplants are up 30% from 2008 at W. Atlee Burpee, the USA's largest seed company. The National Gardening Association says 7 million more households will grow food this year than in 2008 — a 19% rise. A book on building root cellars is the top seller at Johnny's Selected Seeds in Winslow, Maine, supervisor Joann Matuzas says.
Canning. Jarden Corp. says sales of its Ball and Kerr canning and preserving products are up more than 30% from 2008. Sonya Staffan, owner of The Jam and Jelly Lady commercial cannery in Lebanon, Ohio, is offering twice as many classes this year.
Sewing. More people are learning to sew so they can mend clothes and make home décor, says Rachel Cohen, spokeswoman for SVP Worldwide, owner of sewing-products makers Singer and Husqvarna Viking.
Relocating. Steve Saltman, general manager of LandAndFarm.com, a national real estate company, says more customers want to "live simply in a less-expensive place." Jonathan Rawles of SurvivalRealty.com says more people moving to rural areas "are specifically worried about economic and social instability."
It is possible to make lots of money trading the same stock over and over again, especially if it is a “channeling” stock. Back on Feb 10th, I had two stock picks. I’ve been trading the TBT, with a buy between $44-$45 and sell between $47-$48. As the chart shows, this is working great! You come out even better if you don’t pay commissions.
If you have saved money or made money because of this blog, tip
me.
For $3 you get to download my seminars. They teach you how to save
$130,000
over your lifetime by smarter spending, how to consistently make 7% on
your money, and how to earn $800 a month in your spare time!
I hope the link to this interactive map works. It really shows how diverse the unemployment situation is in the USA.
