Bloomberg: Gloom, Boom & Doom Report Editor Marc Faber discusses market volatility and his investment ideas. He speaks on "Market Makers." … [Read more...]
CRASH!
Early last June here’s how I led off a special three-part Intelligence Report series to subscribers: “In recent issues my goal has been to work especially hard at providing you intelligence that will keep you safe and dividend-centric during what I consider the inevitable coming meltdown.” Meltdown? Absolutely baked into the cake as I write to you and becoming more of a deep medium-term concern for me as time passes. The Fed’s robbing Peter (you and Dick Young) to benefit Paul (international bankers and Wall Street charlatans) program continues to create a clogged financial toilet. Junk … [Read more...]
My Sig Sauer 226
One takeaway from my recent visit with my friends at White Mountain Firearms in North Conway, New Hampshire is that guns and ammo aren't getting any cheaper. My favored Sig Sauer 226 MK 25 chambered in 9mm is about 25 percent more expensive than it was five years ago. But I've invested a lot of time and energy becoming proficient in this particular model, so I purchased another. And I view my recent purchase as a collector, because it adds value to my situation. Often times the best investments are made when making a profit is the last thing on your in mind. … [Read more...]
Wisdom from The Intelligent Investor
Wisdom from Benjamin Graham’s The Intelligent Investor, first published in 1949: The most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculator’s primary interest lies in anticipating and profiting from market fluctuations. The investor’s primary interest lies in acquiring and holding suitable securities at suitable prices. Market movements are important to him in a practical sense, because they alternately create low price levels at which he would be wise to buy and high price levels at which he certainly should … [Read more...]
This Summer, Win By Not Losing
Are you having a good Summer? It's beautiful here in Newport. Get outside and enjoy yourself. Don't let the stock market bog you down. And about your neighbor that's selling stock options? Let him have his 15-minutes of fame. … [Read more...]
Variable Annuity Junked
No surprises here. Firm drops variable-annuity product. Voya Financial Advisors is restricting the sale of variable-annuity sales for retirement planning amid increasing pressure from regulators, InvestmentNews reports. Voya’s 2,200 brokers are no longer allowed to sell a type of variable-annuity contract known as an “L share” if the annuity contract includes riders. The firm says it received Finra “guidance” that such annuities are presumptively unsuitable. “We feel strongly that it is in the best interests of our advisers and their clients to make this change to Voya Financial Advisors’ … [Read more...]
Be Great at One Thing and…
You may know Mark Knopfler, the “Sultan of Swing,” from his years fronting the rock band Dire Straits. Well he’s still pickin' that guitar. He released another solo album this year, Tracker. Talk about being great at one thing. You don’t have to be great at just one thing to create wealth, but it definitely helps. I was speaking with a prospective client last week who is great at one thing. But he didn't start out that way. He said he remembers dumping change on the dining room table to come up with enough money for a gallon of milk when he and his wife were raising their young family. … [Read more...]
It’s Never Too Late
Do you remember the first rock concert you ever went to? Mine was actually more of a "Rap" concert. I was 16 years-old working at Oxford Creamery in Mattapoisett, MA scooping ice-cream and serving fried clams, lobster rolls, and coffee frappes. Some co-workers had an extra ticket to see rappers Run DMC and DJ Jazzy Jeff and the Fresh Prince the following night at the Providence Civic Center. The Fresh Prince is actor Will Smith. I was reminded of the concert over the weekend while watching this video at a baseball camp with my son. Will Smith is a winner. Here he gives a great message for … [Read more...]
Assets Are Booming
With the Fed creating money out of thin air, real estate prices such as commercial and condos are going up like crazy especially in places like New York City and Miami. My family was in Key West in March and I can tell you restaurants aren’t lowering their prices. And there’s a ton of money in certain pockets. I’ll use the boat racing teams in Key West back in November as an example. There’s no shortage of spending power on toys here. Check out Miss Geico, which won the event. But again there’s deflation too. For retirees it’s a brutal deflationary environment for interest bearing … [Read more...]
The Best Performing Portfolio
Pop Quiz! Which of these portfolios had the best performance over the last three years? 3yr Return A) Portfolio 1 +65.8% B) Portfolio 2 +56.5% C) Portfolio 3 +42.5% D) Not enough information Easy, right? The answer is obviously Portfolio 1 because it had the highest return. That’s at least how the vast majority of the investing public and many in the financial press would have answered the question, but it’s incorrect. Investment return is not the same as investment performance. To properly evaluate investment performance you must consider risk as well as return. The correct answer … [Read more...]
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