Dinar Recaps note: This is a repost from Feb for all of our new people that we are sure glad to have. For more information go to our Bulletin Board http://www.dinarrecaps.com/bulletin-board.html
[classroom] OH WAIT
[classroom] I WOULD NOT DO DIAMONDS INSTEAD OF METALS
[dinarchaser] Can you comment on what entities you might consider placing assets
for personal protectoin, ie. LLCs, trusts, S Corps, C Corps, etc.
[classroom] I AM NOT SURE ABOUT ASSET PROTECTION YET, ONE OF MY ADVISORS SAYS
I DON'T NEED IT YET MANY OTHERS SAY I DO....I WILL LEARN MORE ABOUT THAT SOON
[dinarup] What is your opinion on where the USD is heading and the timing of
this event. How will a devaluation in the dollar affect our portfolio?
Read More Link on Right
[classroom] OH MAN I KNEW SOMEONE WAS GONNA ASK THAT....HOLD ON HERE WE GO
[classroom] I KNOW SOME SO CALLED CONSPIRACY THEORISTS WHO SAY SOMOE PRETTY
SCARY THINGS AND I KNOW YOU'VE HEARD IT....
[classroom] IT RUINS A PERFECTLY SUNNY DAY BUT WHAT IF THEY ARE RIGHT?
[classroom] WOULDN'T IT BE BETTER TO BE PREPARED?
[classroom] SO AS OTHERS HAVE SAID IN POSTS AND THE CURRENCY CLASS LOOK INTO
BUYING THE CURRENCIES OF STRONG ECONOMIES...LIKE
[classroom] CANADIAN DOLLAR AUSTRALIAN DOLLAR SWISS FRANC ALTHOUGH
THEY MADE SOME CHANGES LAST SUMMER...MORE
[classroom] CHECK OUT CHINESE YUAN AND SINGAPORE DOLLAR AND DUBAI
[classroom] BUT LET'S HOPE THE WORLD DOESN'T GO TO HECK IN A HANDBASKET
[classroom] UNLESS I DIDN'T ANSWER THE WHOLE QUESTION...
[peter1] as australian banks are paying around 6% interest and are in the safest
around the world, I plan to place my money between the 4 majors
[classroom] SOUNDS GREAT EXCEPT THERE IS ALOT OF NEGATIVITY TOWARD B OF A ON WALL STREET....
[classroom] RUMOURS THAT THEY MAY NOT MAKE IT
[classroom] AND WE ALL KNOW WHEN RUMOURS LIKE THIS ABOUND ON WALL ST
THEY MAY BECOME TRADER FULFILLED PROPHECIES
[Tolen] You mentioned physical gold and silver... some think it will fall
for a time after the RV. If you were me, would you hold off buying gold
or silver for some time after the RV?
[classroom] GOLD CAN HAVE A SEASONALITY TO IT, MEANING TIMES OF THE YEAR
WHEN IT TENDS TO GO UP... SO LEARN TO READ CHARTS....I AM A BIT SQUEAMISH
TO TRADE GOLD BUT DENNIS GARTMAN IS THE MAN IN THAT DEPARTMENT THE GARTMAN
LETTER IS HIS NEWSLETTER
[classroom] FOLLOW HIM
[jacc] what about a person who is over whelmed by all this inforation an need
someone to hold their hand and walk them thre this until they can learn what
do you recomend. ty
[classroom] I WAS OVERWHELMED FOR TWO YEARS WHEN I STARTED...
[classroom] READ MY SUGGESTIONS, GET OTHER PEOPLE'S TAKE THEM TO A GOOD BROKERAGE
HOUSE AND SEE WHAT THEY SAY. IF YOU ARE OVERWHELMED YOU WILL WANT SOMEONE TO GUIDE YOU ....
[classroom] SO YOU CAN RELAX AND ENJOY YOUR LIFE.
[californiaguy] Are ETF's a better hedge against wild stock or sector swings?
[classroom] AN ETF (EXCHANGE TRADED FUND) MOVES JUST LIKE A STOCK, SO IN THE CASE
OF THE SILVER ETF AFTER IT HAD IT'S HUGE MOVE A WHILE BACK IT TANKED TANKED TANKED!!!!!
[classroom] SOME ETF'S ARE JUST NEWER PRODUCTS THAT SMOOTH OUT THE INDIVIDUAL
NEW RISK OF COMPANIES
[classroom] FOR EXAMPLE IF YOU OWN A HEALTHCARE ETF IT WOULD BE A BUNCH OF
HEALTHCARE RELATED COOMPANIES WHICH WOULD SHIELD YOU FROM A DISATROUS STUDY
RESULT OF A DRUG ...MAKE SENSE?
[classroom] YOU CAN READ ABOUT SECTOR SWINGS IN JIM CRAMER'S BOOKS
ESPECIALLY GETTING BACK TO EVEN
[holistichealth] ? what brokerage firm would you recommend dealing with?
how many banks would u recommend putting your money into and if one of
the banks that you are depositing w/ has an investment team, do u recommend
this or a separate firm? tyvm
[classroom] I AM NOT GOING TO KEEP MUCH OF MY MONEY IN A BANK CUZ THE RETURN
IS CRUMMY. BUT A BANK THAT HAS A BROKERAGE ARM IS EXCELLENT...
[classroom] THAT WOULD BE GOLDMAN SACHS, JP MORGAN CHASE, WELLS FARGO,
AND WELL KNOWN BROKERAGES LIKE SCHWAB, FIDELITY, VANGUARD, EDWARD JONES,
ETC I LIKE GOLDMAN SACHS AND ESPECIALLY SCHWAB BECASUE AT THE LEVEL MOST
OF US WILL BE AT YOU CAN BE ACTIVELY INVOLVED IF YOU CHOOSE AND BUY "INSURANCE"
PUTS WHEN THERE IS A CORRECTION....MAJOR DOWNTURN
[classroom] TO PROTECT YOUR PORTFOLIO (STUFF) FROM LOSS....BUT YOU
HAVE TO KNOW WHAT YOUR ARE DOING
[..tigger1] Would our Private banker have this information that you are
saying in this class and is that where we would want to start at first?
[classroom] YES INDEED.
[classroom] THEY SHOULD GIVE YOU AT LEAST AN HOUR OF THEIR TIME TO DISCUSS YOUR NEEDS.
[classroom] THEY ARE TRAINED TO DEAL WITH HIGH NET PEOPLE WHO ARE RETIRED
[tc0043] Being licensed in financial services, I am planning on investing in a
variable annuity and tax free municipal bond mutual funds to generate a monthly
tax free income.can you suggest any other investment vehicles that would be as safe?
[classroom] I KNOW SOME PEOPLE WHO LIKE MUNI ETF'S AND OTHERS LIKE TO HAND PICK
THEIR MUNIES....I AM JUST LEARNING ABOUT MUNIES AND I HOPE WE CAN FIND SOMEONE
TO DO A CLASS ON THEM, FOR THOSE OF YOU WHO DON'T KNOW THEY OFFER SERIOUS TAX ADVANTAGES....
[classroom] I DO NOT KNOW MUCH ABOUT ANNUITIES....
[classroom] MAYBE YOU ARE OUR NEXT TEACHER!
[classroom] I WOULD SUGGEST LOOKING AT WHAT I'VE SAID ABOVE AND SEEING IF YOU
LIKE IT....ESPECIALLY THE HIGH YIELD CORPORATE BONDS
[TrishD] Do you know much about getting into Pre IPO offerings
[classroom] NO BUT IF YOU INVEST WITH GOLDMAN SACH OR JP MORGAN THEY DO ALOT
OF IPOS AND IF YOU HAVE THE NET WORTH, THEY WILL APPROACH YOU IF YOU TELL
THEM YOU ARE INTERESTED...
[classroom] MOST IPO'S UNLESS THEY ARE HOT HOT HOT DROP BACK TO THEIR INITIAL
PRICE NOT LONG AFTER THEY GO PUBLIC, SO YOU CAN BUY THEM THEN....
[classroom] FACEBOOK FOR EXAMPLE WILL BE A TRADER'S DREAM COME TRUE....
[classroom] WHICH MEANS IT WILL MOVE LIKE CRAZY...BE VOLATILE....I DOUBT IT
WILL DROP AFTER IT GOES PUBLIC
[dinarchaser] Can you discuss LLCs, LLCs w/ S Corp election, S Corps & C Corps
and why one would want to choose one over the other.
[classroom] AS STATED BEFORE, I AM SORRY THAT'S NOT MY AREA. GUESS THAT'S
ANOTHER CLASS TO HAVE, EH?
[MountainDoo] What type of trust did OJSimpson put all his assets into just a
few weeks before the Brown family filed a civil suit against OJ ?
[classroom] WOW! I DO NOT KNOW
[.Katt] .. I thought that was an interesting question too. Google may help with that.
[classroom] OH WAIT IT'S MOUNTAIN DOO THAT MEANS A JOKE IS COMING!!!!
[shalala] classroom Can you recommend a financial institution that
you use to hold various foreign currency denominated accounts in the US?
And how would you recommend diversifying within various currency
accounts, i.e., what % in US, Franc, Aussie, etc.?
[classroom] AS FAR AS PERCENTAGES GO, I AM NOT THE EXPERT THERE....I DO
KNOW THAT THE PEOPLE I HAVE TALKED TO SO FAR CAN DO THAT AND THAT WOULD
BE WELLS FARGO AND SCHWAB...I AM GUESSING MOST HIGH NET BROKERAGES COULD
HELP YOU DIVERSIFY INTO OTHER CURRENCIES...LOOK IN THE FORUM UNDER LAST
WEEK'S CURRENCY CLASS...THERE WERE A FEW SUGGESTIONS THERE.
[msjeta1] we have our Financial Advisor already set up through WF our investments
currently are low to medium risk but we are retired and want to be able to have
income to live what would you suggest we look at investment wise?
[classroom] SEE ABOVE
[RealDeal] What do you think about the stock AGNC pays 20 percent
[classroom] I AM SORRY I AM NOT FAMILIAR ENOUGH AND I DON'T THINK
I SHOULD GIVE SUPER SPECIFIC RECOMMENDATIONS
[jtwest] what about futures market ?? is it safe ???
[classroom] HA HA HA HA HA! SAFE....
[classroom] ONE THING I WILL BE LEARNING ABOUT IS MANAGED FUTURES. IN AN
ENVIRONMENT WHERE THE FUTURES ARE UP 200 ONE MORNING DOWN 300 THE NEXT....
UGGH. I HOPE THOSE DAYS ARE GONE.
[1speck] If BOA goes out what will happen to Merril Lynch?
[classroom] THEY ARE A MERGED COMPANY
[classroom] AFFECTIONATELY KNOWN AS BAML.
[classroom] B OF A MAY HAVE A TOUGH TIME....AND I FOGOT MY CRYSTAL BALL....
BUT THE BANKS GOT BAILED OUT, SO IF ANY SYSTEMIC US BANK WAS GOING TO
FAIL THEY WOULD HAVE FAILED ALONG WITH BEAR AND LEHMAN JUST MY OPINION
[classroom] DON'T BE AFRAID OF THE MARKET. BE REALISTIC. IT GOES UP
AND DOWN, AND THAT IS NORMAL. I THINK THINGS WILL BE GETTING BETTER....
[classroom] IF YOU ARE AFRAID OF THE MARKET....DO YOUR BEST TO RELAX
[classroom] AND RESEARCH SOMEONE OR SOME FIRM WHO CAN PUT YOU AT EASE.
[classroom] TAKE YOUR TIME AND LEARN.