Daily Investment Tips

Patricia Kluge might have fallen hard but the lady seems to be showing her iron side on her road to recovery. While a lot has been written that made people feel sorry for her, New York times has an inspiring story of her come back.

“If you can get a job, you can build another fortune,” Patricia Kluge

The story of Patricia Kluge rise from bankruptcy is a lesson to any one who may unfortunately fall into bankruptcy and is looking for away back.

Patricia Kluge Tips of Surviving Financial Bankruptcy

1. Let go of your past – Don’t dwell on the your past status

2. Always look on the brighter side of life

“No one should feel sorry for us,” Ms. Kluge added later. “I have a great family, a wonderful marriage and loving children and friends. We are not looking at this bankruptcy as if our life has ended. We see this as an opportunity to recreate ourselves.”

3. Keep you family in touch. When the going gets tough you can count on your spouse and kids.

4. Get yourself another job.

5. Cut your losses early. when things start going wrong and they are beyond your control raise the white flag.

6. Learn from your mestakes.

7. Keep dreaming and keep moving forward.

written by Constantine Njeru \\ tags: Bankruptcy, Brighter Side, Fortune, Inspiring Story, Iron Side, Job, Losses, Loving Children, Marriage, New York Times, Patricia Kluge, White Flag, Wonderful Marriage

Over at Guardian UK Newspaper there is a fascinating piece about Giant American Bank JP Morgan Chase.

According to the Guardian article, JP Morgan is sitting on what is estimated to be 3.3bn ounce short position in silver. And someone has devised a plan on how to punish JP Morgan. If you are all for robbing the rich then keep reading.

Max Keiser Silver Campaign

The author of the article, Max Keiser is leading a campaign to buy Silver so that JP Morgan Chase may go burst. They even have done mathematics of how this will work.

We posited that if 5% of the world’s population each bought a one-ounce coin of silver, JP Morgan would be forced to cover their shorts – an estimated $1.5tn liability – against their market capital of $150bn, and the company would therefore go bankrupt.

The Coming JP Morgan Chase Bankruptcy: Bail Out

You might dismiss this campaign as pure lunacy but it seems to be working,

Right now, silver eagle sales for the month of November hit an all-time record high and the availability of silver on a wholesale level is drying up. The most important indicator is the price itself – holding just under a 30-year high. With each uptick JP Morgan gets closer to going bust or requiring a bailout.

Max even made a close that would make any sales manager proud,

If anyone is interested in helping to crash JP Morgan, buy silver. In the end, it’s about transferring wealth back to the people from where it came.

written by Constantine Njeru \\ tags: Bailout, Bankruptcy, Bust, Eagle Sales, Giant, Guardian Article, Guardian Uk, Jp Morgan, Jp Morgan Chase, Kaiser, Lunacy, Mathematics, Max Keiser, Month Of November, Morgan Silver, Ounce, Short Position, Silver Eagle, Time Record, Uptick, Wholesale Level

For investors who had the courage to buy Apple stock back in 1997 when Steve Jobs made a return, they have had a ride of their life. Back in 199os Apple stock was trading in the single digits, there was talk of bankruptcy and Michael Dell famously said he thought the company should just be broken up and the money divided among shareholders, but today Apple stock is in the $250s range.What a ride!

Can Apple stock continue rising? Some investors think Apple stock best days are behind it but some investors believe Apple stock rise is just starting and that Apple will continue blowing past expectations.

Four Reasons Why Apply Stock may continue rising

MSNBC has an interesting article as to why investors should invest in Apple.The factors driving Apple are software, design, ecosystem and underrated market.

Apple will become the most valuable company in the world. Bet on it. In fact, go out and sell all your personal belongings, liquidate your 401(k), and buy Apple stock with every last dollar you own.

OK … on second thought, I wouldn’t advise that — it’s a bit rash. But there are ample reasons to believe that the company’s rise is just starting and that Apple will continue blowing past expectations.

The author of the article shows a scenario forecasting/predicting  how Apple revenues and profits will look like in 2014.

Read the full article at MSNBC

written by Constantine Njeru \\ tags: Apple Software, Apple Stock, Bankruptcy, Bet, Courage, Digits, Ecosystem, Last Dollar, Michael Dell, Msnbc, Personal Belongings, Profits, Rash, Second Thought, Shareholders, Software Design, Steve Jobs, Stock Prediction, Stock Rise, Stock Trading

Credit protection is essential in any form of financial planning. If you wind up on the wrong side of a damage awards you creditors naturally will want to seize your assets. As a business man, a tax deferred retirement plan may be your most valuable asset or among the most valuable.

Under ERISA, which is Federal law, defined contribution and defined benefit plans are protected from creditors in bankruptcy actions. Almost all US states extend this protection to their own courts in civil actions.

In one case, a California physician who operated his practice as a corporation filed for bankruptcy. The physician had accumulated nearly $2 million in a retirment plan. California like many other states exempts assets in a retirement plan from liquadation.

The physician’s creditors challenged the $ 2 million exemption on the grounds that it was unfair. The court agreed with the creditors that the exemption was unfair but the court found it was powerless to ignore the exemption. As a result the physician eliminated all of his debts and walked away from bankruptcy with $ 2 million. Had he withdrawn that $ 2 million from the corporation and invested it in a personal portfolio outside of a retirement plan, he would have lost the $ 2 million.

A word of note not all retirement plans are protected from creditors. A retirement plan is not protected under ERISA if it covers only owners and spouses. You need other participating employees.

Participants should include you, your secretary, accountant, even your janitor and almost everyone working for you.

written by Constantine Njeru \\ tags: Accountant, Bankruptcy, Benefit Plans, Business Man, California Physician, Carlifornia, Civil Actions, Creditors, Damage Awards, Debts, Erisa, Financial Planning, Janitor, Participants, Personal Portfolio, Protect Assets, Retirement Assets, Retirement Plan, Retirement Plans, Tax Deferred, Wrong Side