Mad Money Machine

MMM-097: Supporting Change

Change! Could we REALLY eliminate the income tax? Politicians want the change from our pockets. What to do in a recession. Guru says buy China and commodities. Tool for making your own e-book.

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MMM-097: Supporting Change [ 22:36 ] Play Now | Play in Popup | Download

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sponsored by Index Funds Advisors at ifa.com.   

Topics in this week’s show include:

• Change: Bag of $1000 face value silver quarters and dimes = $12,501.20
• Tears for Fears – Change
• Change: Should you buy a Liberty Dollar?
  
• Change: Yahoo’s TechTicker will feature Henry Blodget
• Change: HD-DVD vs. Blu-Ray
• Charge: Some banks charge $3 ATM fees?
• Eric Clapton – Change the World
• Do you agree with me that these would be great CHANGES:

• eliminate taxes on dividends, savings, capital gains, social security benefits, tips and repeal the death tax
• Freeze non-defense, non-entitlement spending at current levels
• televise Federal Reserve meetings
• legalize competing currencies
• repeal Sarbanes/Oxley

• Change: Income tax is only 12% of Federal budget. Eliminate it!
• All of the candidates are saying they want change. What most of them mean is they want the change from our pockets.
• Charge: Paul’s economic advisor to the campaign was last show’s guru.
• I’m hoping that Ron finds someone named Boyer to run as his veep. Then all the signs would say PAUL-BOYER 2008. Heck, I’d even settle for a Douglas.
• Recessions: Lazy Portfolio Guy isn’t so lazy when it comes to saying SELL
• IFA Feature: Recessions

Out of the last 50 years or 600 months, October 1987 was the worst one month decline in Index Portfolios 15 to 100.

How long did it take Index Portfolios to recover?
IP100: after a 21.79% decline in Oct. 1987?
IP70: after a 16.62% decline in Oct. 1987?
IP50: after a 12.61% decline in Oct. 1987?
IP30: after a 8.12% decline in Oct. 1987?

• The only change you need to make is to rebalance your portfolio annually.
• Our Guru (and also a previous guru) says there’s little trouble investing in big China. China is trying to weather the harsh winter. But you don’t have to buy individual stocks, instead look at VWO, EEM, DEMSX, or a tiny tiny holding in FXI. He also said buy commodities. You can get VGPMX or DBC instead.
• Our Tool helps make your own books for the Kindle! Change: I’m liking my Kindle. I’ll probably read more than two books this year
• Next Friday: Update on Lazy Portfolio Smackdown
• CALL 206-734-4763 AND LEAVE A MESSAGE FOR SHOW #100

Music:
Tears for Fears – Change
Eric Clapton – If I Could Change the World

Music from music.podshow.com:
Runaway Train – Under Feather

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  Email me: feedback at Mad Money Machine dot com, or comment, or Call me on the Mad Money Machine voicemail line at 206-734-4763