[Money-matters] Money Matters Update Dec 17 2008

Thu Dec 18 03:27:53 UTC 2008

Marc's Notes:
One final update before I take a few weeks off.
Tax time is approaching and now is the time to finish up and plan for your
tax filing for 2008. Most of you will receive a statement from your employer
naming your income and what was withheld. If you find you are getting a
refund of any substantial amount, you didn't plan very well. I know, you
like the refund because it is like extra money. Truth is, it is your money
that you loaned to Uncle Sam for months with no interest. 
Not such a good strategy if you plan to retire one day. If you find you do
get a big refund, consult with your tax professional and see about upping
you deductions so you take home more pay each week. Try not to spend it.
After all, you lived with out that refund amount all this year, so you CAN
do without it next year unless something changes. Try and also establish a
savings plan. You hear this all the time from money experts but few people
listen. In our money matters show we talk about buying an income with every
penny you have. An example is taking 20 dollars each week and buying
McDonalds or Pfizer stock that pays dividends. I like super high paying
stocks like the ones we have on the Super Dividend Payers list.  By buying a
few shares of a dividend paying stock each paycheck, you cement in an income
for the rest of your life. And will probably grow to an even larger amount
over time with inflation. After all, with all this money printing the FEDS
are doing, you can count on inflation sometime in the future and you can
expect it big time. Remember, stocks go up like the price of an egg goes up,
it's no different. By squirreling away dividend paying shares every so
often, you will be surprised how fast your dividends will add up,
continually paying you as you grow older.
Don't have enough to save every month?
 Most people can save something and if you cant, consider working extra
hours somewhere so you can save. A dollar saved today can yield  20 dollars
later. Use this ideology every time you spend money and you really see how
much that new car costs you. $20,000 borrowed today could be 100,000.00 in
20 years.
Is that new car really worth 100,000.00? 
Probably not. Keep in mind, our social security system is technically
bankrupt and there are no viable plans to save it.
With all us baby boomer retiring in the next 30 years, there probably will
be big changes to the system and they won't be for the better.
Are you in a high tax bracket? 
If so, there are strategies to take advantage of the tax laws to reduce this
years taxes and postpone them to next year.
Always check with your tax preparer on any strategy you plan to adopt, but
consider paying property taxes for next spring now. 
Push forward any bonuses you may get until January if you employer will
agree to it. In short, incur as many expenses and viable losses before year
end, and postpone any income until January. If you are self employed and
make a lot of money, look into a DEFINED BENEFIT PLAN.
New tax laws are always occurring and this year is no exception. Most tax
preparers can provide you with a tip sheet on the new tax laws and how you
can benefit from them.
You can ask just about any tax preparer in town. Most will be glad to help
in hopes of getting you as a new client. 
Have stock losses? This year will be a monumental one for losses. If you
have previous capital gains held over from a previous year or perhaps big
gains this year, you can consider selling some losing stocks to offset or
pay back some gains. Never sell stock you want to keep just for the tax
advantage of course, but the tax laws are there for you as well as against
you, but it is up to you to utilize them. 
Finally, I always recommend if you have more then just a simple return or
itemize a lot, consult with a Certified Public Accountant, not just a tax
preparer. A CPA may cost more, but one mistake or missed opportunity can
easily cost you more then the few extra bucks it takes to hire the best.

Markets:
The recent rate cut may signal the FED is running out of ammo. I keep saying
that and some day they will but for now they still get away with their
shenanigans.
That being said, I am beginning to see a negative bias returning to the
markets, only to be interrupted by the auto bailout that is coming and an
OBAMA January.
I am becoming increasingly concerned about the next US dollar fall. Our
foreign currency funds are again rising with our YEN fund  FXY  going
ballistic and hitting new highs.
Gold and Silver are starting to run and there is talk about a December
default coming in the COMEX gold contract. (Great for gold holders like us).
For now all is relatively calm but clouds are gathering once again I fear.
Gold and silver look ready to run and the US buck seems to be starting a new
descent- so be it.
I will start to look at contrary funds again soon and will email you. 
Maintain your gold, silver, foreign currencies, interest rate funds and T
BILL FUNDS.
The time is approaching where TIP AND SHY AND VIPSX will have to be sold but
the time is not here yet. You MUST hold RRPIX if you hold these funds to
offset a sudden drop in the US dollar. This fund is dropping like a rock
right now but is your INSURANCE against a dollar rout. Please note the 3
funds mentioned above (TIP SHY VIPSX) are all going UP right now which
offsets the RRPIX fall, as it should be.
IF the US dollar craters, these funds will get hit so RRPIX protects that
possibility. A US dollar fall could be spectacularly rapid so you must have
this insurance HELD in the account.
Our SLV trade is moving now, up 10 % or so. HOLD
Our Oil trade is up then down. HOLD or ADD. Upside 300 %   downside  50 %
ADD   The Saudis said TODAY they will cut production. Just like I said, they
have our backs on this trade!  
Energy funds- HOLD   ADD   inflation is coming and these funds will rise
like the great sphinx from the desert sands! Ditto with Uranium  URPTF or
NLR  for an alternative energy of sorts.
Physical gold and silver - ADD   if the COMEX defaults and cant deliver in 2
weeks, these metals will go ballistic. It may be just a rumor though. But
you should still ADD the real money.
Auto Gamble- HOLD Ford for the bailout !     Sell one day after Bush
announces the money give a way.

I will email you on vacation if something pops. I am getting a real bad
feeling again for the markets however. I hate it when that happens. hummmm

At least the OBAMA inauguration will stop the slide temporarily. In the long
run, he can't make a difference I am afraid if he follows the same path, but
right now the
Obama Rally is in front of us with a December slide just ahead me thinks.

 I do not expect a major crash however, just bleeding. We will see.

NEWS:
Website coming!  Just you wait !
We have a new person editing our emails named JEN.  So be nice to her.
Have a great Holiday and New Year!
And don't forget the reason for the season!

For God so loved the world that he gave his only Son, so that everyone who
believes in him may not perish but may have eternal life.   John 3: 16 ( The
good book for those wondering!)

All the best
Marc

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