How To Rebuild Your Financial Portfolio After Covid

The first thing I did when the Covid19 pandemic started was to revisit my portfolio. I focused on my hedge, the asset that I know will store the value of my money. I knew early that the economy was going to tank big time. I didn’t know how long and how bad but I knew it was going to tank. So, I took some of my risky investments and converted them to a hedge, gold in particular.

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Will There Be Another Government Shutdown?

There won’t be a shutdown. I don’t think that will happen. The last one in 2019, resulted in the furloughs of hundreds of thousands of federal workers; closures of national parks and monuments; and delayed both tax refunds and the release of economic data. They have also cost the government billions of dollars and helped send stock prices -2.04% lower. So, I don’t think it won’t happen again.

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Gold ETF Advantages & Disadvantages

There are many ways you can invest in gold. It really depends on your preference. I have a lot of friends who prefer buying gold jewelry. I know some people who like buying works of art made of gold. If that is your preference, there is absolutely nothing wrong with that.

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Robert Kiyosaki: Bad Investment Habits That Deters Employees From Becoming Millionaires

The author, Robert Kiyosaki, has a current net worth of $100Million. Yes, $100 million personal net worth. Now, his old company Rich Global, LLC did file for bankruptcy back in 2012 after a lawsuit was filed against him for not paying a percentage of his speaking engagements.

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Gold’s Important Utility: Surgical Robots

Soon enough, robots will operate on people. Don’t worry, there’s still a human doctor overseeing the robot. In fact, Vicarious Surgical, a company that develops medical robotics just went public. It was founded by Adam Sachs, an MIT grad and alum of the 2019 Forbes 30 Under 30 list.

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High Retirement Anxiety For Millennials and Generation X

According to the Boston College Center for Retirement Research (CRR), half of U.S. households will not have enough money in their retirement account to maintain their standard of living when they retire even if they work to age 65 and annuitize all financial assets, including securing a reverse mortgage on their home.

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Medicare Won’t Cover Your Long-Term Care

There are over 57 million people in the United States that are 65 or older. Medicare statistics show that by 2050, that number will grow to over 80 million and a very large percentage of those will be in the 85+ category. That is the category that requires the most long-term care or, in government-speak, LTSS or long-term services and supports.

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Will Bitcoin Overtake Gold As A Hedge?

There’s this persistent narrative - when Bitcoin goes up, gold goes down because, apparently, Bitcoin is going to replace gold as a hedge. This is one of the most misguided beliefs I have ever heard. Not only are these two assets both necessary in your portfolio, but they are also two very different assets and both are necessary for a more stable investment portfolio.

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