Everyone can – and should – invest.
It doesn't matter if you're old, young, rich, or not.
This is a long-held belief of mine. And one I've written about for years. So when I got this e-mail the other week, I was shocked...
Firstly, I read your letter every day and really enjoy your views. However, it seems that all most all of your "letters" are for the big investor or for people that have a long time to profit from your advice. Rarely do I see advice for older folks? – T.T.
In all four of my newsletters – Retirement Millionaire, Retirement Millionaire Daily, Income Intelligence, and Retirement Trader – I focus on strategies that you can use whether you're just starting out or a longtime investor.
You don't need a $100,000 portfolio to use these strategies. I regularly recommend funds that give you instant diversification without having to put up a lot of cash. This is a strategy Retirement Millionaire Daily managing editor Laura used when she first started investing... with just $25.
Time offers a huge advantage for investing. As I've said before, one of the easiest ways to grow your wealth is by doing nothing. But even if you're near – or already in – retirement, there are still things you can do.
In all of my newsletters, I'll continue to show you how to make the most of your wealth no matter your age or portfolio size.
What's your investing experience? What are your goals? What are you doing to achieve them? Tell us your story at [email protected]. And keep your questions and comments coming too… You might just see it addressed in our Weekly Update video, as subscriber J.P. did in this week's installment (watch here).
Q: You have written several times now about the importance of olive oil in your diet. Can you tell us the best ways to incorporate it into a diet? Salad dressings are the obvious ones, but what are some others and how much should a person try to ingest daily or weekly? – M.Y.
A: There are lots of ways to include olive oil in your diet. Adding it to your salad is one of the easiest. But you can cook with olive oil. I regularly use it to cook chicken and fish. I'll even toss some veggies in olive oil and then throw them on the grill. You can also bake with olive oil. One of my coworkers likes to drizzle olive oil on her air-popped popcorn.
Q: I'm interested in Retirement Trader but have not subscribed because my pension fund does not permit me to write naked puts, however covered calls are allowed. Can you offer a covered-call alternative to your put recommendations? – N.M.
A: Great question. In Retirement Trader, we focus on a covered-call strategy. We realize that not everyone can sell naked puts whether it's because they can't get approval from their broker or they trade in a retirement account that prohibits naked puts.
But we also offer naked-put alternatives for more experienced investors. You can learn more about Retirement Trader here.
Q: Doc, I always like reading your articles. I read the other day that taking 500 mg of Magnesium daily will help with tinnitus. What is your take on this? Is it safe? – A.
A: For readers who aren't familiar with the term... Tinnitus is that ringing in your ears with no apparent external cause. Most of us have experienced ringing in our ears before but some people have the ringing constantly. For some, it's so bad that it hinders sleep, concentration, and communication.
There's no cure for tinnitus. Instead, you can reduce your risk of tinnitus by keeping the volume down in your headphones and wearing protective ear gear when you're in a location with extremely loud noise (like concerts or car races).
There's some evidence that taking a magnesium supplement may reduce tinnitus in people who already have moderate to severe tinnitus. One belief is that people with tinnitus don't have enough magnesium in their bodies. Up to 15% of Americans don't get enough magnesium.
If you're worried about tinnitus or already have it, you can try upping the magnesium in your diet instead of heading straight for a supplement. A healthy intake of magnesium is about 320 mg a day for woman, while men need about 420 mg.
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.
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What We're Reading...
- Something different: Where to see this month's once-in-a-lifetime eclipse.
Here's to our health, wealth, and a great retirement,
Dr. David Eifrig and the Retirement Millionaire Daily Research Team
August 4, 2017