Comments by "Henry TheGreatAmerican" (@henrythegreatamerican8136) on ""I’m 65 AND HAVE NO RETIREMENT SAVINGS"" video.

Sounds like a life of poor choices more than the american dream failing.
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Right now, you should have no problem living comfortably on 25k to 30k a year with a spouse at age 65+ if you have the proper Medicare coverage that isn't a private insurance Medicare advantage scam. Most people that age get senior discounts on all sorts of things including rent, taxes, etc... So the same amount of money at retirement goes a bit further than it would in your younger years.
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The censorship in this specific thread is hilarious. Can't discuss any of the real solutions not being told to you. I tried phrasing my message 10 different ways and it kept getting censored. Just know you are not hearing the truth or the solutions.
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Funny you brought up Australia not cutting their central bank rates. China is struggling economically right now resulting in the Australian currency dropping a lot over the last 6+ months or so. And now that Australia is NOT reducing its central bank rates, that makes it an attractive short term investment because other countries have lower rates. I've been buying up a lot of the AUD/CAD and AUD/CHF forex currency pairs and collecting some nice interest holding it over the last month. And with Trump looking to put more pain on China, the Australian currency might take a further dump meaning you can buy more of it versus the Canadian currency and other currencies like the Swiss Franc. I've been earning about $15 a day holding it versus currencies with lower central bank interest rates. Granted, if I sold all my positions I'd lose money right now, but I'm not selling. I'm holding it for the interest being paid to me daily. Think of it as a small daily dividend. And when China starts performing better in the future, the Australian currency will also go up so I will eventually sell it.
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@EvelinHolmes It doesn't cost a lot to trade the AUD/CAD forex pair. The AUD/CHF costs a bit more though. Too bad the AUD/CHF does pay a bit more because the spread between Australia rates and Swiss rates is much greater than the spread between AUD/CHF. And like I said, it pays daily. So not sure what you mean by wait. I'm also holding a lot of municipal ETF funds for a few years netting me between $400 and $700 monthly depending on the dividend payout. Again, not making me a fortune, but that will add up if I live to the age of retirement. Combined with social security it's more than enough to get by as a single person if needed. But I still have about 20 years or so to worry about that LOL.
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@EvelinHolmes I just checked the cost to trade AUD/CAD and AUD/CHF currency pairs. First off 1 lot equals 10,000 of the currency pair. It costs about $263 to trade one lot of AUD/CAD and $329 for AUD/CHF. But you really need to trade 6 or 7 lots to see any difference which means the real cost is about $1300 for the AUD/CAD and $1900 for the AUD/CHF. That sounds like a lot, but I'm currently earning about $10 to $15 a day ($200 to $300 monthly). That's more than a 10% gain per month which is considered really good unless you are trying to get rich quick (and ultimately lose all your money). And I'd choose the AUD/CHF over the AUD/CAD because the central bank interest rate spread is greater which means you earn more per day holding it. Go check the spread differences and see for yourself. A municipal bond ETF you can generally hold forever. You can't really do that with currency pairs because central bank interest rates can change every few months. That is the only warning. But the good news is you can tell well ahead of time if the rates are going to be changed against your trade. Central banks usually warn way ahead of time what they are planning to do so they don't shock the markets.
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@EvelinHolmes Not sure why my comment got censored.... I just checked the cost to trade AUD/CAD and AUD/CHF currency pairs. First off 1 lot equals 10,000 of the currency pair. It costs about $263 to trade one lot of AUD/CAD and $329 for AUD/CHF. But you really need to trade 6 or 7 lots to see any difference which means the real cost is about $1300 for the AUD/CAD and $1900 for the AUD/CHF. That sounds like a lot, but I'm currently earning about $10 to $15 a day ($200 to $300 monthly). That's more than a 10% gain per month which is considered really good unless you are trying to get rich quick (and ultimately lose all your money). And I'd choose the AUD/CHF over the AUD/CAD because the central bank interest rate spread is greater which means you earn more per day holding it. Go check the spread differences and see for yourself. A municipal bond ETF you can generally hold forever. You can't really do that with currency pairs because central bank interest rates can change every few months. That is the only warning. But the good news is you can tell well ahead of time if the rates are going to be changed against your trade. Central banks usually warn way ahead of time what they are planning to do so they don't shock the markets.
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@EvelinHolmes Not sure why my comment got censored.... I just checked the cost to trade AUD/CAD and AUD/CHF currency pairs. First off 1 lot equals 10,000 of the currency pair. It costs about $263 to trade one lot of AUD/CAD and $329 for AUD/CHF. But you really need to trade 6 or 7 lots to see any difference which means the real cost is about $1300 for the AUD/CAD and $1900 for the AUD/CHF. That sounds like a lot, but I'm currently earning about $10 to $15 a day ($200 to $300 monthly). That's more than a 10% gain per month which is considered really good unless you are trying to get rich quick (and ultimately lose all your money). And I'd choose the AUD/CHF over the AUD/CAD because the central bank interest rate spread is greater which means you earn more per day holding it. Go check the spread differences and see for yourself. A municipal bond ETF you can generally hold forever. You can't really do that with currency pairs because central bank interest rates can change every few months. That is the only warning. But the good news is you can tell well ahead of time if the rates are going to be changed against your trade. Central banks usually warn way ahead of time what they are planning to do so they don't shock the markets.
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Not sure why my comment got censored.... I just checked the cost to trade AUD/CAD and AUD/CHF currency pairs. First off 1 lot equals 10,000 of the currency pair. It costs about $263 to trade one lot of AUD/CAD and $329 for AUD/CHF. But you really need to trade 6 or 7 lots to see any difference which means the real cost is about $1300 for the AUD/CAD and $1900 for the AUD/CHF. That sounds like a lot, but I'm currently earning about $10 to $15 a day ($200 to $300 monthly). That's more than a 10% gain per month which is considered really good. And I'd choose the AUD/CHF over the AUD/CAD because the central bank interest rate spread is greater which means you earn more per day holding it. Go check the spread differences and see for yourself. A municipal bond ETF you can generally hold forever. You can't really do that with currency pairs because central bank interest rates can change every few months. That is the only warning. But the good news is you can tell well ahead of time if the rates are going to be changed against your trade. Central banks usually warn way ahead of time what they are planning to do so they don't shock the markets.
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@EvelinHolmes I wanted to give more detail but youtube kept censoring the comment. Oh well.... I love how scam posts all over youtube stick, but try to make a sensible helpful post that talks about investing and it gets deleted by youtube. Maybe it's because I already made a lengthy post in this thread and it was considered spam? And no, I was not trying to sell anything. It was a bit more detail on the trade I discussed previously.
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@staycurious3954 quit being a waste of internet space?
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It will be there if you stop listening to pundits and voting for people who want to hand it over to private banks.
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It will be there if you stop listening to pundits and voting for people who want to hand it over to "the dark side." Sorry, had to use the phrase dark side because youtube kept censoring the real words I wanted to use. This platform is becoming more and more useless by the day.
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Truly sad. Anytime I tried to explain why it won't be there and what to do to stop that from happening, youtube kept censoring the comment. This platform is becoming more and more useless by the day.
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Stop listening to whatever news media tells you that nonsense. But more importantly, stop voting for people who want to hand it off to "consumer unfriendly institutions" Yea, had to use that quote because of youtube censors.
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