Investment/Trends

Deciding on Living in Medellin, Colombia: The Good & Bad

"I would say that I have now become semi-nomadic. I travel very differently than others in that I rent a furnished apartment anytime I move overseas. Since I day trade in the stock market and run other businesses online a reliable Internet connection is a necessity. To boast my credentials I will inform you that I have lived in 12 countries spanning five continents. All unique countries in their own right but nothing compares to living in the city of eternal spring. It has been noted in countless lists as one of the best places to live including the official Wandering Trader best places to live in South America list. The most important list of all right?" Continue reading →

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Two Gold ETFs Ripe For A Buy: GDX, GDXJ

"When it comes to playing the gold comeback, there are plenty of trading options. The Market Vectors Gold Miners ETF (GDX) is performing well in short-term trade. But I’m much more interested in its potential breakout over $31. The stock is getting within spitting distance of its post-crash intraday high of $30.96 (which it posted back in May). If it can close above that level, it will be well on its way to filling in that nasty gap lower from April. That said, GDX is a buy at $31. If you’re feeling adventurous, the Market Vectors Junior Gold Miner ETF (NYSE:GDXJ) might be right up your alley." Continue reading →

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Offshore Jurisdiction Review: Malta

"Malta is attractive to entrepreneurs, workers, and retirees alike. The government has special programs for high net worth retirees. There are several tax advantages to living in Malta. Only income remitted into Malta is subject to taxation, meaning you can own offshore investments and not pay a dime in tax. Furthermore, remittance of capital gains into Malta is tax free. Malta has no inheritance tax, wealth tax, or annual property tax. Put together low taxation, low cost of living, and year-round sunshine, and it becomes clear why Malta is very attractive to live and work in. EU nationals do not need any residence permit." Continue reading →

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Indian rupee falls further amid Fed stimulus concerns

"The Indian rupee has fallen to a new all-time low against the US dollar, amid concerns the Federal Reserve will soon scale back its stimulus measures. Foreign investors have been pulling money out of India, as the economy has slowed and the cost of borrowing in dollars has risen. The Reserve Bank of India (RBI) is rumoured to have intervened to stem the slide in the currency. The Indian rupee has declined by nearly 16% against the US dollar since May and is Asia's worst performing currency so far this year. Its further decline on Tuesday was mirrored by falls in markets across other developing markets, particularly in Asia." Continue reading →

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Are Dividends Overrated?

"Many investors like dividend-paying stocks because they are looking for income. Maybe they are retired. Maybe they want to supplement other income sources. But investing for dividend income is probably not the most efficient approach—even for these types of people. Warren Buffett talks about this issue in his latest letter to the shareholders of Berkshire Hathaway. He gives a good explanation of why it's better for investors when companies reinvest their profits in growth rather than pay out dividends. That is assuming the companies have any decently profitable investment opportunities, which is to say, almost all of the time." Continue reading →

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Wanted: A Boring Leader for the Fed

"Quantitative easing has amounted to an audacious experiment in trickle-down economics. Among other things, it has artificially boosted the stock market in the hope that enriching a few — the top 1 percent of American households owned 42 percent of the nation’s financial assets in 2010 — will help the many. Meanwhile, retirees who don’t dare buy stocks have seen their modest bank deposits stagnate with interest rates near zero. Economists hate to admit it, but the profession is as much faith as science. Counting on monetary policy to secure full employment is like attempting vascular surgery with a dull ax." Continue reading →

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The Only Legal Way to Escape US Taxes Besides Death and Renunciation

"The US government can effectively enforce its citizenship-based taxation policies thanks to its massive economic, political, and military weight and the fact that it does not recognize any limit to its jurisdiction. American expats are therefore in the uniquely unfavorable position of having arguably the worst tax policies and a government that can effectively enforce them. It is no wonder, then, why a record number of Americans gave up their citizenship last quarter to escape these onerous requirements. There is, however, another way besides death and renunciation to legally escape US income taxes, thanks to the Caribbean island of Puerto Rico." Continue reading →

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Dick Bove: US Assault on JPMorgan Is ‘Coordinated from Above’

"The various government legal moves against JPMorgan Chase represent a coordinated assault on the nation's biggest bank, says star bank analyst Dick Bove at Rafferty Capital Markets. Given that eight government agencies are now suing JPMorgan over various issues, apparently including four to six lawsuits from the Justice Department: 'What is it about this company which makes it unique relative to all other American companies, that all of these agencies come down on this company at the same point in time?' Bove said. 'This has to be coordinated by someone, and it has to be coordinated by someone above each one of the individual agencies.'" Continue reading →

Continue ReadingDick Bove: US Assault on JPMorgan Is ‘Coordinated from Above’