Banks are keeping billions of dollars from Americans...
Right now, according to the Financial Industry Regulatory Authority, about $350 billion is sitting in brokerage accounts earning an average of 0.12%. That's about $420 million in interest.
But if all those people with that cash just sitting there moved it to an account earning 1%, the interest earning soars to $3.5 billion a year.
That's like leaving nearly $3.4 billion in free money on the table.
Make your money work for you. Stop letting these banks steal your interest.
In today's Weekly Update, researcher Amanda Cuocci details three money mistakes you're making right now... including leaving your cash sitting in a low-interest rate account.
You can learn the other two ways your missing out on money and how to earn more income by clicking below...
How do you put your money to work? Let us know at [email protected].
Q: I don't take calcium tablets alone, but when I get magnesium it also has calcium in the tablet. I have read that magnesium needs calcium to work and digest. What do you suggest? – A.W.
A: When it comes to magnesium and calcium, it's actually the opposite... Magnesium aids calcium absorption.
If magnesium is what's you're after, you should know that magnesium is difficult for us to absorb in pill form. It comes bonded to many different kinds of chemicals, and the bonds make it easier or harder to absorb the magnesium.
The one we can absorb most easily is magnesium citrate. Magnesium oxide has the lowest absorption. You should keep in mind, though, that other supplements and foods can change how much magnesium you absorb as well. For example, eating small amounts of protein improves your absorption ability.
The best way to get magnesium in your diet is through food. Three foods to help you increase your magnesium include nuts, seeds, and green leafy vegetables. A handful of almonds has 76 mg of magnesium, a quarter cup of pumpkin seeds has 190 mg, and a cup of spinach has 156 mg.
Q: I have read that "intermittent fasting" for 12 to 16 hours is a good way to control your weight. It is also said to lower blood sugar levels and decrease your risk for heart disease and cancer. Other reported benefits include improving your memory and mood as well as energy. – M.D.
A: Researchers found that fasting just one day a month can cut your risk of heart disease by 58%. The belief is that fasting shrinks fat cells and prevents insulin resistance. This helps lower your risk of heart disease and even diabetes.
A few of my friends have tried the "5:2" fasting diet. That's where you eat a regular diet five days a week and then on two non-consecutive days, you cut your calorie intake to about 25% of what you normally consume.
Personally, I fast a few times a month. I like to sip water and hot herbal teas on those days. I also make sure to cut back on vigorous activity and instead read, walk, and meditate.
I've also written in my book, The Living Cure, about the benefits of fasting while on chemotherapy. Fasting deprives your cells, including the cancerous ones, of energy. Healthy cells slow down to preserve themselves, but cancer cells can't do that. You can buy a copy right here.
Q: I tend to get leg cramps while sleeping. To prevent this, at my doctor's recommendation, I take one or two Tums and spend about five minutes stretching my legs at bed time. Is this a problem? – B.B.
A: Anyone can experience leg cramps, but they're more common in folks over 50. Cramps can stem from too little calcium, especially in older folks. Tums has long been a common way to ease leg cramps. But we don't know much about the long-term effects of taking Tums regularly.
Lots of things can cause nighttime leg cramps, from too little magnesium to dehydration to Parkinson's disease. Even certain medications, like diuretics, can cause leg cramps.
If you have to take Tums every night, you should look into changing your diet.
Make sure you're getting enough water. You can read what we recommend here. Get your calcium needs through food sources. You don't need to depend on milk and cheese... Almonds, orange juice, and sardines are all good sources of calcium.
And keep stretching. Stretching is good not only for prevention, but also when you get cramps. So if you experience a cramp in the middle of the night, take a few minutes to stretch.
- Something different: How America invented St. Patrick's Day.
Here's to our health, wealth, and a great retirement,
Dr. David Eifrig and the Health & Wealth Bulletin Research Team
March 16, 2018