Monday, February 9, 2015

NY Fed Q4 2014 Household Debt and Credit Report Coming Out 2/17 @11am

On February 17, at 11 am, The Federal Reserve Bank of New York will release the Household Debt and Credit Report for Q4 in conjunction with the release detailing the state of student loan delinquencies.

This report contains invaluable information about the state of the country's debt levels. Last quarter, the third quarter of 2014, total household indebtedness was $11.71 trillion, up 0.7 percent from Q2. Overall household debt remained below 2008 peak levels of $12.68 trillion. Here's a link to last quarter's report.
Source: Q3 FRBNY Report


You can request your own copy of the report from Kevin Sajdak at kevin.sajdak@ny.frb.org.

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If you like what you're reading, please join my mailing list to receive blog posts and updates as they occur. If you're an investor with all of your assets tied up in the stock market and cash, you might want to consider a few diversification strategies. Gold is the oldest asset in the world and it's inflation proof. Bitcoin is the gold standard for the cryptocurrency world, which is the fastest growing asset class in the world. Diversifying your portfolio into one or both of these assets can help to insure your portfolio against a stock market crash or inflation. Most importantly, it can help to safeguard the gains you've made over the last 10 years.

Please note that there are other companies that sell gold and Bitcoin on the market, and you should always do your research when making decisions about your portfolio. Just like your personal health, if you're planning on having major surgery, you need to get a second, and sometimes a third, opinion. You want to make sure your surgeon is good and has performed the procedure many, many times.  In the same way, you need to trust your broker and you need to make sure they are reputable. This is the process I used when looking for a broker to recommend.

Full disclosure: RegalAssets compensates me for everyone I send their way, but I would receive compensation from any company I chose to recommend. The only broker I'm recommending is Regal, primarily due to its innovative product offering in my favorite commodities - gold, precious metals and cryptocurrency like Bitcoin. They also have a distinguished track record for success (see below).




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