303.747.6455
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I would love to help you or your friends like I've helped so many others.
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Michael Brady, President
Generosity Wealth Management
1818 16th Street
Boulder, CO 80302
P 303.747.6455
F 858.947.3807
www.generositywealth.com
Registered Representative of
and securities offered through QA3 Financial, Corp. Member FINRA/SIPC
Investment
Advisor Representative of and Advisory Services offered through Generosity
Wealth Management, LLC., a Colorado Registered Investment Advisory firm
Generosity
Wealth Management, LLC and QA3 Financial Corp or QA3 Financial, LLC are not affiliated companies
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| Greetings!
This week I talk about my dislike of Municipal Bonds. With all the declining revenue from taxes and budget deficits in the red (32 states are officially insolvent), I'm just not that keen on municipal bonds.
Yes, there are always diamonds in the rough, but as a broad category, I'm just not that interested and I think you should be wary.
Listen
to my video below.
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The dire situation of many states
As a complement to my video above, here are some statistics on how states are doing in our recession.
* Over 60% of Americans receiving state unemployment benefits are getting
these directly from the US government,
* 32 states have now borrowed
$37.8 billion from Uncle Sam to fund unemployment insurance.
To do: If you have individual municipal bonds, look at them closely. Is the return high enough to justify the risk? If you have municipal bonds, what is the composition of the underlying holdings?
Big Short going Big Long
 The Big Shorter John Paulsen, who made billions betting against conventional wisdom leading up to the big 2008 housing crash, has now shifted to a Big Long.
Hmm. He's a smart, and successful, guy.
Here's some detail on what he's doing.
What's going on with China?  China is a huge international player.
Recently, there's been a lot of debate about whether their economy is the next bubble waiting to burst.
Gosh, I hope not.
They're a major trading partner with the US, hold significant US Treasuries, and their collapse will cause additional concern throughout the world.
Their inflation, however, is spiking up from 2.8% to 6.8%. This isn't a good sign.
Please click on the link below for a more detailed discussion.
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Rebels wear crocs
As many of you know, when I'm not in dress shoes, I'm almost always wearing Crocs of some type.
Now I don't wear the neon colors, but I wear the green and brown ones all the time as I think Crocs is God's way of saying he wants me to be happy.
Interestingly, rebel insurgents in the Philippines like them too and that's one of the ways the federal forces can tell their soldiers from the insurgents. Yes, the insurgents wear Crocs instead of army boots.
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I'm here to help!....
I'd love to talk more with you about the above topics or anyway I can help you grow and preserve your money while providing for yourself, your family, and community.
Mike
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