Investing

Equity Indexed Annuities at your local lottery terminal?

Equity Indexed Annuities at your local lottery terminal?

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Imagine adding to your IRA or non-qualified investment account with $1.00 Equity Indexed Annuity (EIA) purchases at any of the on-line lottery terminals scattered throughout the United States…all at the behest of your state lottery commission.

THE PROBLEM

Over $45 billion was spent on lottery tickets in the United States last year, purchased through 187,000 retailers, of which 133,000 have on-line terminals. 87% of the country’s population live within a five-minute drive of a lottery retailer and 50% of all Americans played the lottery at least once last year.

Contrast this with the $38 billion a year spent on the positive and beneficial Individual Retirement Account, contributed to by less than 10% of eligible taxpayers.

Buyers Worry over High Uranium Price, Thin Supply

Buyers Worry over High Uranium Price, Thin Supply

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Sprott Market Strategist Tells StockInterview:
“It’s a Bit of a Poker Game”

TradeTech published the weekly spot uranium price indicator of $61/pound, for the week ending November 10th in Friday’s edition of “Nuclear Market Review.” It is posted on the Trade Tech website. But, judging from the number of utilities seeking U3O8 equivalent, it is unlikely spot price increases will stall or stabilize at this level. Nor will the price likely increase by tiny increments between now and year end. By next weekend or the following, we could very well be looking at the ten-percent jump investors have been waiting for.

“It’s a bit of a poker game at the moment,” Sprott Asset Management Market Strategist Kevin Bambrough told StockInterview. “Utilities are scrounging around looking for contracts in size rather than entering a thin spot market.” Bambrough believes the spot market won’t supply utilities with the pounds they required, unless there is “a substantial rise in price.”

Roasting Bottlenecks Could Support Firm Moly Price Past 2010

Roasting Bottlenecks Could Support Firm Moly Price Past 2010

Yucca Mountain

The 11,000 containers at the proposed Yucca Mountain nuclear waste storage facility could require as much as 33 million pounds of molybdenum. The inner container would be made of Type 316L stainless steel (2.2 percent Mo) and nickel-base Alloy 22 (13.5 percent Mo) for the outer container. Will there be sufficient molybdenum roasting capacity to provide enough of the corrosive-resistant element for these containers required in the next decade? If not, will a substitute element be allowed by the Nuclear Regulatory Commission? (Photo Courtesy of NRC)

This past summer we reviewed how molybdenum may be another way of investing in the long-term energy bull market. There is some common ground between uranium and molybdenum with regards to the nuclear renaissance and the providing of energy. For example, will there be sufficient and readily available molybdenum to help construct containers for the mammoth nuclear waste storage facility at Nevada’s Yucca Mountain?

Where Should I Put My Savings? Different Types of Investment Accounts

Where Should I Put My Savings? Different Types of Investment Accounts

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In the big world of investing, it seems we hear a lot about what securities to invest in, but not as much about what types of accounts to invest in. There are so many different types of investment accounts, each covering a different purpose, and new types of accounts seem to be created weekly. What are some of the basic types of investment accounts and what can they do for you? This article covers some of the accounts that are available currently and why you would use each one.

Retirement Accounts

IRA stands for Individual Retirement Account. An IRA is meant for those who do not have access to employer sponsored retirement plans such as 401(k) plans or those who would like to contribute more than the maximum allowed by their employer plans. Why choose an IRA? Tax-deferred growth is the answer. With a standard savings account, you have to pay taxes on the interest or earnings that the account makes each year.

Tom Cruise and Paula Wagner To Run United Artist Studios – Actor Free To Work Outside MGM Unit

Tom Cruise and Paula Wagner To Run United Artist Studios – Actor Free To Work Outside MGM Unit

Wagner and Cruise

Tom Cruise and friend Paula Wagner have signed an agreement to run United Artists Studios (US) according UA parent company MGM. Industry insiders say this deal is better than what Cruise had at Viacom. Last August Viacom chief, Sumner Redstone, did not renew the actor’s contract leaving Cruise open to make this deal.

Cruise will be able to produce and star in UA movies but will also be free to make films with other studios, according to a report from Bloomberg News. “This is a lot better than anything he had before,” said Bill Mechanic, chief executive officer of Pandemonium, a Beverly Hills, California-based film production company. “Instead of a producer, he's a studio.”

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