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Wednesday, September 10, 2014

RATE UPDATE and an investment tip that will save you $1.44 million.

RATE UPDATE:  Rates have been inching up over the last several days as investors have been selling bonds.  Draghi - European Central Bank president - assured countries in the European Union that he would do everything possible to get the economy on the right track.  This is perhaps the major driver behind the sell-off in bonds, though we have also had some good economic news over the last week and a half an that's never good for bonds.  The silver lining is that bonds are currently oversold so if we get some bad news on the jobless claims front tomorrow, we may see a nice little bounce as investors decide to buy.  Conversely, if the news is neutral or good as far as jobless claims (both initial and continuing) are concerned then the current ceiling for rates may become the new floor.

Self-directed Solo 401k and Roth IRA, a great way to invest for retirement:  If you are working hard to save for retirement, it's important that you are aware of some tools that may make a huge difference regarding your success.  I just recorded a video with Bryan Granthem of Mojave Capital and it has some great information including one tip that if you don't take advantage of it could cost you $1.44 million or more.  Here is the video on tax planning and investing.

The video is 20 minutes but it's jam-packed with valuable information.  You may also want to check out episode 3 of How to Avoid the Most Common and Costly Mortgage Mistakes which gives some great information on investing as well.  I will be publishing a couple of related videos that I recorded with Bryan in the very near future so keep your eye out for them.

Please feel free to give your thoughts and feedback and subscribe to my YouTube channel so that you can get notified when I post new content.  If you have friends that are also trying to prepare for retirement (it's never too early or too late), please share this post and the video with them.  Make it a great day.

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