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What is an Enlightened Millionaire?
By Robert Allen
Best-selling Author of
The One Minute Millionaire and Nothing Down
An enlightened millionaire is a person who always strives to be the best they can be, who knows no boundaries, and knows that there can be abundance for all. They know that creativity is unlimited. That the application of creativity to everyday needs is the basis of providing value, which in turn creates wealth. They live in balance. Their life is a life devoted to living and sharing abundance through service that allows them to give their unique gifts–for the benefit of themselves, their families, their communities and the world.
The world is shifting. No longer will our society support the pursuit of money for money’s sake. We are entering a time when we recognize that none of us exists in isolation. We invite you to step into this new world with us.
“What is the opposite of abundance? It’s not scarcity. It’s greed. Greed is the belief that there is not enough for everyone, so you’d better grab yours now. What is the opposite of love? It’s not hate. It’s fear. Fear is the belief that someone or something can hurt you.”
“Ultimately, the product you sell is love—manifested and materialized.”
- Robert G. Allen
Crashing Markets, Credit Downgrades- What Comes Next?
Tragic news about the United States economic atmosphere has been inescapable throughout the country and world for quite some time now. With constant debate over raising the debt ceiling, shocking losses in the stock market, devastating unemployment rates, and a downgraded national credit rating, it’s no wonder the country’s economic health has been in question. After a series of blows to the U.S.’s economic wellbeing, things don’t seem to be getting much better. The country’s credit rate fall has been of great discussion ever since Standard and Poor’s downgraded it by a full point on Monday, August 8th 2011. To add to the blow, the U.S. stock exchange ended the day that Monday down more than 600 points. Continue reading
October Curse vs. Objective Analysis: The Choice Is Yours
Over the weekend, I went shopping for Halloween decorations. In the store, one of the clerks was wearing a white T-shirt with a puff-paint rendering of the Dow Jones Industrial Average. The line representing prices was the color of blood red, dripping and splashed across the front. When I asked him what it was, he said “the October Curse.”
‘Tis the season of stock market adages; those age-old Wall Street platitudes that claim stock prices perform a certain way during certain months of the year. The problem is, such correlations are hardly a guarantee.
Take October, for example. Yes, this month has marked some of the darkest periods in stock market history: 1929, 1987 and on. Historically, however, it’s not the worst performing month. For example, the supposed “Halloween Jinx” failed to bring a deathly pallor to stocks in 2008, as the final days of that year’s October saw the biggest weekly gain since 1974.
Then there are these familiar saws of seasonal wisdom:
“As Goes The First Week of January, So Goes The Month”– In the first week of January 2010, the stock market enjoyed a powerful winning streak. Yet, by the end of the month, prices were back in the red, circling the drain of a two-month low.
“Sell In May And Go Away” — And don’t come back ’till St. Leger’s Day (September). If investors heeded this wisdom this year, they would have missed one of the strongest uptrends in stocks of the entire year from July to September.
“September Curse” – If you think October is supposed to be bad, September is widely assumed to take the financial killing cake. Yet this year, U.S. stocks enjoyed their strongest September in 71 years!
Bottom line: Don’t “buy” your trading strategy before the trend actually arrives. The choice comes down to old adages, or objective analysis. Pick the latter.
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This article was syndicated by Elliott Wave International and was originally published under the headline October Curse Vs Objective Analysis: The Choice Is Yours. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
EWI’s Newest Service Picks ETFs: Interview with the Editor
EWI’s Wayne Stough adds another Flash opportunity service to the line-up: ETFs
Every trader or active investor at times wishes they could pick the brain of a pro that has “pulled the trigger” on real-money trades before.
EWI Director of Analysis Wayne Stough is one of these pros. For several years, several times per month, he’s been alerting his Flash service subscribers to opportunities in futures markets.
And now, there is a new addition to the Flash service line-up: ETF Opportunity Flash. We caught up with Wayne in his office and asked him a few questions:
Q: What method do you use when looking for high-probability trade set-ups? Continue reading
No Way Out
By Doug Casey, Casey Research
I really dislike sounding inflammatory. Saying that things are going to go terribly wrong runs a risk of being classed with those who think the world will end in December 2012 because of something Nostradamus or the Bible says, or because that’s what the Mayan calendar predicts.
This is different. In the real world, cause has effect. Nobody has a crystal ball, but a good economist (there are some, though very few, in existence) can definitely pinpoint causes and estimate not only what their immediate and direct effects are likely to be (that’s not hard; a smart kid can usually do that) but the indirect and delayed effects.
In the first half of this year, people were looking at the U.S. economy and seeing that some things were better. Auto sales were up – because of the wasteful Cash for Clunkers program. Home sales were up – because of the $8,000 credit and distressed pricing. Employment was up – partly because of Census hiring, and partly because hundreds of billions have been thrown at the economy. The recovery impresses me as a charade.
Who’s Scoffing Now?
by David Galland, Managing Editor, The Casey Report
A couple weeks ago, the family and I watched Dirty Jobs, an altogether entertaining show from the Discovery Channel. In the episode we watched the host, Mike Rowe, serve as a mechanic in the military. There were a couple of things that caught my eye.
The first was that, using nothing more than a cleverly arranged array of blocks and tackle, five members of the mechanics group were able to easily muscle a well-stuck 5-ton Humvee from deep sand. We humans are, indeed, a creative and intelligent species.
The second thing was the strict adherence to protocol, with everyone acting almost robotic in their issuance of commands and responses, and surgical in their use of equipment. Even so, this slavish adherence to “the book” is understandable, given that the soldiers operate in extremely difficult, dangerous, and often chaotic circumstances.
Living the Money Dream
Many people believe that the American dream has vanished. Every day, people are sinking further into debt, losing their homes, and losing a lifestyle that they have always dreamed of. The economy is not to blame, we are. We have become mesmerized by material wealth.
Disposable Income
Every day we are exposed to television programs and magazine articles showing us how successful people live. Magnificent homes, flashy cars and wardrobes bigger than some homes packed full of designer clothing are portrayed as the measure of success. We not only admire them, we strive to be like them. Continue reading
Tax Laws for Federal Inheritance
When an individual passes on, the federal government imposes an estate tax. This estate tax only applies to estate properties that are over one million fifty thousand dollars.
The federal government is still likely to tax an estate even if all or a portion of the estate is being handed down to other family members. Instead of imposing an estate tax in this situation, there many states that impose an inheritance tax.
An inheritance tax is also commonly referred to as a death tax because it is a tax that is imposed on all estate money and property after an estate owner passes away and leaves their estate or a portion of their estate to another person.
States that currently collect a tax on inherited estate money or property are Connecticut, Maryland, Massachusetts, New Jersey, Nebraska, Pennsylvania, Oregon, New York, Indiana, Kansas, Louisiana, Kentucky, and Iowa. Continue reading
Ten Benefits of Expatriation
Everybody has their own personal reasons for expatriating, but here are some of the benefits:
- Freedom from the global U.S. tax net.
- Freedom from the death tax.
- Freedom from the U.S. government’s War on Solvency.
- Freedom from being treated like a “toxic citizen.
- Freedom from the paperwork prison.
- Freedom to invest without tax distortions that encourage capital misallocation.
- Freedom from being crushed by the fiat currency landslide
- Freedom from the accountability for how the U.S. government spends your money.
- Freedom to radically increase your charitable giving.
- Freedom from the risk of getting trapped.
Get your FREE 29-page copy of American Expatriation Guide: How to Divorce the U.S. Government here.
A Battle Royal in the S&P 500
The battle between the bulls and the bears continues in the S&P 500 with neither side able to gain the upper hand. This choppy trading action will eventually lead to a large move one way or the other. The bulls are betting that we are headed higher and the bears are betting that the economy is going to tank.
In my latest video, I share with you some of the key technical points that are still in play and where the market needs to go in order to break out of the current logjam that it’s in.
As always our videos are free to watch and there is no need for registration. Just click the image below to watch the S&P 500 video.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub