!!

Welcome Guest

You are viewing this forum as a guest therefore You are Not Allowed to Post and Reply and You are not allowed to view links. Register or Login

collapse

* Search


* Recent Replies

Think About This... by [Not Shown, Login to View]
[Yesterday at 01:59 PM]


Latest on Google AdSense by [Not Shown, Login to View]
[Yesterday at 09:38 AM]


The Spirit of the Living God by [Not Shown, Login to View]
[May 22, 2018]


How to use facebook in driving traffic by [Not Shown, Login to View]
[May 19, 2018]


How to Start Bulk SMS Website by [Not Shown, Login to View]
[May 18, 2018]


Error 404 Fixing by [Not Shown, Login to View]
[May 16, 2018]


Use Adsense Code on Subdomains by [Not Shown, Login to View]
[May 14, 2018]


Help on how to send bulk emails by [Not Shown, Login to View]
[May 10, 2018]


Modern SEO Guide by [Not Shown, Login to View]
[May 10, 2018]


Ways Of Improving Your Memory by [Not Shown, Login to View]
[May 10, 2018]


I am interested in bulk SMS business by [Not Shown, Login to View]
[May 09, 2018]


Content for website or Facebook fan page?? by [Not Shown, Login to View]
[May 09, 2018]


amazon afiliation registration by [Not Shown, Login to View]
[May 09, 2018]


Creation of Ads in Adsense by [Not Shown, Login to View]
[May 09, 2018]


How To Get Google Adsense Approval Fast by [Not Shown, Login to View]
[Apr 30, 2018]


Adsense Account by [Not Shown, Login to View]
[Apr 29, 2018]


HTML code for Menu Buttons by [Not Shown, Login to View]
[Apr 24, 2018]


Facebook ban or Not? What to do? by [Not Shown, Login to View]
[Apr 23, 2018]


Tips to Get an Approved Adsense Account by [Not Shown, Login to View]
[Apr 17, 2018]


I am unable to see and edit published Post on my blog back end by [Not Shown, Login to View]
[Apr 16, 2018]


Areghan method on keyword research by [Not Shown, Login to View]
[Apr 16, 2018]


New Facebook Page by [Not Shown, Login to View]
[Apr 10, 2018]


PPC ads for News Website by [Not Shown, Login to View]
[Apr 01, 2018]


Wordpress Featured Image by [Not Shown, Login to View]
[Mar 31, 2018]


"Add To Cart" and "Ordered Items" by [Not Shown, Login to View]
[Mar 29, 2018]


Clicks on Amazon by [Not Shown, Login to View]
[Mar 26, 2018]


Having Issues With The Latest version of the Google Keyword Planner by [Not Shown, Login to View]
[Mar 24, 2018]


Amazon and Bing ads by [Not Shown, Login to View]
[Mar 12, 2018]


Webhost purchase by [Not Shown, Login to View]
[Feb 27, 2018]


Best hosting platforms by [Not Shown, Login to View]
[Feb 06, 2018]

Author Topic: Economic Advice  (Read 455 times)

0 Members and 1 Guest are viewing this topic.

Offline [Not Shown, Login to View]

  • Forum Guide
  • Level 4 (Dedicated)
  • ******
  • Posts: 1056
  • Respect: +267
  • Gender: Male
  • Location: Ibadan, Oyo State of Nigeria
  • 1st Chamber
  • My Rank: 86
Economic Advice
« on: Sep 14, 2013 »
0
Without being an economist, listening and reading messages from Mr. Robert Wiedeman, the guy that predicted the financial meltdown of the USA that affected every nation in the world as way back as 2006 before the bubbled started bursting around 2008, is at it again. This time, he is predicting "aftershock" effect that sounds more like advertising his books, but demands circumspect review and decisive action.

Without purchasing his books, the followings are the take home messages:

A. Stock market, that is now looking very promising, may crash very heavily - be careful in putting all your eggs in one basket. We experienced this once in Nigeria when stocks of banks like Intercontinental Bank sold for up to N45 per share before crashing to less than N1 per share, and then went under! Thousands of Nigerians lost their life savings. He also advised on long term insurances like life insurance and the likes, with caution. Please be vigilant.

B. Pay minimum mortgage on your house loans. For those living in the USA, Wiedeman advised that rushing to pay off your mortgage loan now is not advisable because the US dollar is still very strong. He advised that you should get the lowest interest rate for your house, pay as minimum monthly mortgage as possible, avoid paying extra principal as an effort to quickly pay off your mortgage loan now - what many of us do. He argued opined that when inflation starts kicking in, and the US dollar starts losing ground, as he predicted, whatever is left as your mortgage loan will be worth much less than its current value today. This means you would eventually end up paying less for your house if you avoid paying off your mortgage loan now rather than paying it off in about 20 or 30 years from now. He advised that the extra money you want to use in paying down your principle should be invested in more promising ventures.

C. He advised against buying extra houses now if not mandatory. He predicted that the prices of houses will drop again as soon as inflation starts rising and US dollars start losing value with their attendant consequences.

D. Pay off your car loans as soon as you can. He advised that car loan is a short term loan that may not benefit from the predicted devaluation of the US dollars. Paying such loan off now will reduce financial burden as he advised.

E. Pay off your credit card balances as much as possible. He argued that once the inflation starts kicking in and the US dollar starts losing value, the interest rates will be increasing and the burden of credit card debts will increase.
   
F. He advised investing in gold with caution. He predicted that gold bubble will happen but in another two or three decades. He advised that having gold as investment would help in retaining life saving investment.

I am not sure how much this will help Nigerians in Nigeria aside being careful of investing in stock markets. I however believe that this information will help Nigerians outside Nigeria, especially those residing in the USA if, and only if, the prediction of Mr. Wiedeman comes to pass.

Please cautiously review his advice in the following video: 

You are not allowed to view links. Register or Login

Best regards,

Aare MacFally


Knowledge Is Power – Seek For It

 

Related Topics

  Subject / Started by Replies Last post
an advice for everyone

Started by [Not Shown, Login to View] General Questions

18 Replies
1606 Views
Last post Nov 26, 2012
by [Not Shown, Login to View]
I need your advice

Started by [Not Shown, Login to View] General Questions

1 Replies
678 Views
Last post Aug 25, 2013
by [Not Shown, Login to View]
Hello, I need your advice again!

Started by [Not Shown, Login to View] General Questions

1 Replies
697 Views
Last post Aug 25, 2013
by [Not Shown, Login to View]
0 Replies
347 Views
Last post Mar 18, 2014
by [Not Shown, Login to View]
3 Replies
921 Views
Last post Apr 01, 2015
by [Not Shown, Login to View]

TinyPortal © 2005-2011
SimplePortal 2.3.5 © 2008-2012, SimplePortal