Capitalist Ms. Piggy Saving Money

I'LL DRINK TO THAT!  Why I haven't thought of that?!  Anyway, it does not make any difference.

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LIFE IS FULL OF UNCERTAINTY, BUT THREE THINGS ARE CONSTANT: DEATH, TAXES AND INSURANCE - RALPH NADER, CONSUMER ADVOCATE 

I did not have money sense as a young impetuous spender.  I just spend money as if there's no tomorrow.  I spend my hard-earned money on food, travel, entertainment and collectibles.  The sky is always the limit then and now.  I never paid attention before for life is just too short to be a "keeper."  I may not be here tomorrow.  However, I have come to realize saving a little here and there is good for the state of the economy.  I reorganized and restructured some but not all.

I maximized my deductibles in my auto and home insurance.  According to the consumer guru Ralph Nader, the definition of  "Deductible" is the money that must come out of your pocket after a loss before any money comes out of the insurance company's.  I think I can afford to pay any loss so I take the risk.  Don't do as I do if you're not a risk-taker.

This is nothing new with my life insurance but you may not realize it.  You don't need a life insurance if you're single or married with no children.  You need a life insurance if you're married/unmarried with children as beneficiaries.  They need the money for your funeral costs.  I do not buy travel insurance (I think I did when I first came to America).  Some credit card companies offer free travel insurance.  If an air crash happens because of terrorist acts, my dear family has someone to sue anyway.


Published  2005 ALT MSN Groups
Recycled Web Page: My Bottom Dollar 

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Am I worried with what's happening around me? Yes and no.  President Obama is spreading the wealth to 95% of Americans.  He and his fellow Democrat elitists  are the sublime reincarnation of Karl Marx.  Media hypes and ads are going to take the whole global economic meltdown out recession or depression, depending where you are standing or sitting.  So I'm not worried at all.  Not at all!
I just opened my mails this morning.  I don't open my envelopes in the evening for if it's bad news it's too late to respond right away and it will ruin my whole night and I'll be in bad mood.  Well, it said in one of the letters my CD is maturing.  I think I'll just forget putting my money in CDs.  The interest is not even enough to tip the waiter.  Giggles.

The Obama Administration has an out of this world stimulus bill.  Part is bailing out homeowners who are being foreclosed and turned their house into ghost house.  Now homeowners should be very, very careful.  A lot of lessons learned this past year in securing home mortgages, subprime and all.

Common sense in buying a house:

If you should buy a house or continue to refinance even if you don't have a job, don't do it.  Don't refinance.  Don't buy a house if you don't have EXTRA money in your savings account.  As a reminder to the 5-10% homeowners who are in foreclosures here are the reasons why you have to have that extra money....

• Utilities - water, gas, electric
• House and car insurance
• Lawn maintenance
• Home repair
• School matriculation
• Unforseen emergency bills 
• Other headaches

I must confess, I don't take money seriously.  For it's only money.  It's meant to be spent, plain and simple. My financial adviser told me many moons ago - watch out for this bad stock market target 7,000 points or so.  Well, it went below.  There you go...no guts, no glory.  Didn't we have a good time while we're flying high?  Money is like that, easy come, easy go.
I go with the flow.

Published 3/4/09  altgroup multiply

Web Page: Capitalist Ms. Piggy

Revenge of the Pigs

THIS IS A PIGGISH THOUGHT.  IN FACT, IT WAS NOT EVEN ORIGINAL BECAUSE THIS IDEA ENTERED MY  THOUGHT MANY YEARS AGO.  I was lucky enough to have gone and worked here in the United States where you have the freedom to eat pork unlike the many unlucky thousands of OFWs (Overseas Filipino Workers) working in Muslim countries where pigs were extinct.   Although I was a bit surprised to have eaten my favorite bacon at a Jordan hotel where I stayed a few years ago.  However, I don't endorse burying a pig for a cause as I'd rather roast and eat a pig.  Crispy and delicious!

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To Culture Club Members:
First, the Obama Administration and liberal elites are up in arms in frying all the Capitalist Pigs. I heard somebody say GM stands for Government Motors.  I remember liberal left-wing Michael Moore stalking the Chairman of the once mighty GM many years ago, making a documentary.  Then Oprah giving cars ( was the make/brand Pontiac?) to hundreds of her Chicago guests.  She probably got them on discounts,  Folks, these people are always taking advantage of big corporations by making them feel guilty!  Who are the losers when you destroy these businesses by taxing them to high heavens and not giving them a tax break?  Answer: the employees. 
Are you happy now, Michael Moore?

Second, the SWINE FLU VIRUS is back with a vengeance,  So says the CDC and the mayors of Mexico City and New York.   As usual, we have to be careful....wash our hands and rub our eyes with our knuckles when they are itchy.  Viruses enter where there is fluid. We have to scratch the itch in order for the itch to go away. Or else, we'll be miserable.
Culture Club (CC), there's nothing to discuss about the swine flu.  It's time for TamiFlu.
As a Capitalist Ms. Piggy, I'm quite sure I'm not at risk.  I guess.




Published  4/27/09  altgroup multiply
Web Page: Revenge of the Pigs

Capitalist Ms. Piggy

HR BILL 2847    A DEVASTATING NEW CURRENCY LAW?  IS THE END NEAR FOR THE US DOLLAR -- THE WORLD'S RESERVE CURRENCY?  According to this bill that will be in effect on JULY 1st, 2014, most Americans won't be able to protect their bank savings, businesses and you name it.  This unending presentation by financial guru Porter Stansberry just goes on and on and on.  I said to myself, self,  stop talking of things that I know already (debts, interests, etc.) and tell me what I'll be able to do.  Well, I got tired of listening and when I was almost quitting he said:

1.  Get some of your money beyond the reach of the US government.  How?  Go to his website for more information and subscribe.

2. Move your money overseas.  Learn the 100% secret on investment strategy.

3. IMF - 10% tax on everything you own.

4.  Make sure that you own one asset.

Anyway, the British Sterling was the global currency for 200 years and the American $ for more than 50 years.  So that leaves the US dollar 150 years more as the global currency.  Am I right?  

Bye for now.

LINK > http://endofamerica.com/?gclid=CN_y-Ie3_L4CFdNzMgodonIALg

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My financial advisor, Mr. Bloomingold (not his real name), just sent me this info (without the graph for the sake of brevity):
HOW MUCH ARE YOUR CDs COSTING YOU?
"When the stock market crashes and people see their nest eggs breaking, the natural impulse is to run to safety.  People often seek this safety in CDs, hoping such accounts will protect their money while providing reasonable earnings.  This decision can be costly."
"In an ideal world, $100,000 placed in CDs in 2001 would be worth over $138,000 in 2009, providing an annual return of 3.99%."
"However, in the real world, inflation steadily eats away at the value of money.  In order to provide real earnings, CD interest rates must be high enough to overcome inflation.  When they are not, though the balance of the CD increases, the value of the CD decreases and the CD posts negative earnings.  In a world with inflation, $100,000 placed into CDs in 2001 would be worth $114,000 in 2009, providing an effective annual return of only 1.43%."

"Further, in the real world, CD earnings are subject to taxation.  The tax is based on the amount of interest earned regardless of the effects of inflation.  So, while a CD may have an effective annual return (with inflation) of only 1.43%, it is taxed as if that rate were a full 3.99%.  Moreover, the interest is taxed in the year it is earned, regardless of whether you use it or just re-invest that interest.  In the real world, the $100,000 placed in CDs in 2001 would be worth only $103,000 in 2009 - together, taxes and inflation would erode the effective annual rate of return from 3.99% to 0.35%."
"In almost half of the last nine years, money sitting in CDs has actually lost value."

Capitalist Ms. Piggy's Thoughts:
After reading the above letter, I started rummaging my measly "portfolio."  I don't pay much attention as it's just a waste of my time to follow the highly volatile stock market.  I know there are other financial tools but I still prefer the convenience of CDs.  How so?  In a year one can have short term interest of, let say, 2% and withdraw the CD when it matures.  Whereas, in annuity, you're stuck for, let say, 10 years.  Only God knows I'll die tomorrow. 
You know what, my fellow sensible capitalists. upon reviewing, it's just even stevens  in the end for it depends on where you are standing and your situation in life.  Up in one day, down the next day.
There's only one or 2 winners - Investment Bankers and IRS.



For ALT Money

Published  7/31/09  altgroup  multiply
Web Page:  Capitalist Ms. Piggy Financial Advisor 2009