Archive for 2017

“Probably More” Links Between Clinton & Russia Than Trump, GOPer Exclaims

Courtesy of ZeroHedge. View original post here.

A clearly frustrated Rep. Peter King (R-N.Y.) said Sunday that there are “probably more” connections between Hillary Clinton and Russia than there are between Moscow and President Trump.

During an interview with John Catsimatidis that aired Sunday on New York’s AM 970, The Hill reports that the lawmaker said:

I am not aware of any evidence whatsoever of any collusion between the Trump campaign and Russia or between Russia and the Trump campaign,”

There is probably more evidence of links between Russia and the Clinton campaign than anyone even could imagine between Russia and people involved in the Trump campaign,”

Whether this was a response specifically to this week’s New York Times’ “Russia-Trump Nexus” op-ed desperation, or more generally the tack that Democrats nationwide seem to remain focused on is unclear. However, as Investors.com’s John Merline details below, Rep. King may not be far off the facts…

The Hillary Clinton-Russia Nexus

The acting director of the FBI, Andrew McCabe, told Congress on Thursday that President Trump’s firing of James Comey has not derailed the agency’s investigation into possible collusion between Russia and the Hillary Clinton campaign. Which is good news. Despite Mrs. Clinton’s assertion that the idea of collusion is ”a total hoax,” and despite many unknowns, the links continue to pile up. Here is a partial accounting of the connections we do know something about.

THE CLINTON FAMILY BUSINESS There may be no Clinton Foundation office in Moscow or St. Petersburg, but it is not for lack of trying. Bill Clinton received half a million dollars in 2010 for a speech he gave in Moscow, paid by a Russian firm, Renaissance Capital, that has ties to Russian intelligence. The Clinton Foundation took money from Russian officials and oligarchs, including Victor Kekselberg, a Putin confidant. The Foundation also received millions of dollars from Uranium One, which was sold to the Russian government in 2010, giving Russia control of 20% of the uranium deposits in the U.S. —  the sale required approval from Hillary Clinton’s State Department. What’s more, at least some of these donations weren’t disclosed. “Ian Telfer, the head of the Russian government’s uranium company, Uranium One, made four foreign donations totaling $2.35 million to the Clinton Foundation. Those contributions were not publicly disclosed by


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David Einhorn, Richard Chilton, and Prem Watsa Speaking at Capitalize for Kids Investors

By VW Staff. Originally published at ValueWalk.

David Einhorn, Richard Chilton, and Prem Watsa Speaking at Capitalize for Kids Investors Conference

ValueWalk will be covering the conference so stay tuned.

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Capitalize For Kids Conference – Full Notes

Tickets are 40% sold out and the early bird deadline is coming soon! Don’t miss your opportunity to see over 20 world-renowned investors present their best investment ideas. Join 400 senior members of the capital markets community at Canada’s top investing event.

Capitalize For Kids 2017 Speakers List

Richard Chilton – Chilton Investment Company

Aaron Cowen – Suvretta Capital

Brad Dunkley & Blair Levinsky – Waratah Capital Advisors

Dan Dreyfus – 3G Capital

David Einhorn – Greenlight Capital

Ted Goldthorpe – BC Partners

Samantha Greenberg – Margate Capital

Paul Hilal (New) – Mantle Ridge LP

James Keenan (New) – BlackRock

Christian Lassonde – Impression Ventures

Jeffrey Olin – Vision Capital Corporation

Brandon Osten (NEW) – Venator Capital Management

Richard Pilosof & Mike Quinn – RP Investment Advisors

Youlia Rowland (NEW) – Proxima Capital Management

Ajay Royan – Mithril Capital Management

Jeffrey Smith – Starboard Value LP

V. Prem Watsa – Fairfax Financial

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New Private Terminal At LAX Allows Oligarchs To Mock Debt-Serfs Hauling Luggage Via Telescreen

Courtesy of ZeroHedge. View original post here.

Authored by Mike Krieger via Liberty Blitzkrieg blog,

If there was ever an article that perfectly summed up the times we live in, it’d have to be the one published yesterday at The Guardian titled, At LA Airport’s New Private Terminal, the Rich Can Watch Normal People Suffer.

Here are a few excerpts:

The guiltiest pleasure at Los Angeles international airport’s (LAX) new private terminal for the mega-rich is not the plush, hushed privacy, or the beds with comforters, or the massages, or the coriander-scented soap, or the Willie Wonka-style array of chocolates and jelly beans, or the Napa Valley cabernet.

It is the iPad that sits on a counter at the entrance, with a typed little note: “Here is a glimpse of what you’re missing over at the main terminal right now.”

The screen shows travelers hauling bags through packed terminals, queuing in long lines, looking harassed and being swallowed into pushing, shoving paparazzi scrums – routine hazards for the 80 million people who pass through LAX each year.

“There they process thousands of people at a time, they’re barking. It’s loud. Here it’s very, very lovely,” said Gavin de Becker, who runs the new terminal, called Private Suite.

He wasn’t wrong. The $22m facility, the first of its kind in the US, opens on Monday, giving the 1% a whole new way to separate themselves from everyone else’s reality.

Instead of battling the traffic jams that clog LAX you reach Private Suite via the Imperial Highway, leading to a discreet turn-off where an armed guard checks your identity and pushes a button. Tall grey gates open and you enter the haven.

It is pricey. In addition to annual membership of $7,500, you pay $2,700 per domestic flight and $3,000 per international flight. The cost covers a group of up to four people. If you aren’t a member, you pay $3,500 for a domestic flight and $4,000 for international flight for a group of up to three people.

The fact that the super rich and powerful have it so much better than everyone else is nothing new. It’s been that way in pretty much every society you can think of, whether capitalist or communist. The real sickening thing is that the geniuses behind


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Ignoring Economics and Vital Signs

 

Ignoring Economics and Vital Signs

Courtesy of Wade Slome, Investing Caffeine

As stock prices sit near all-time record highs, and as we enter year nine of the current bull market, I remain amazed and amused at the brazen disregard for important basic economic concepts like supply & demand, interest rates, and rising profits.

If the stock market was a doctor’s patient, over the last decade, bloggers, pundits, talking heads, and pontificators have been ignoring the improving, healthy patient’s vital signs, while endlessly predicting the death of the resilient stock market.

However, let’s be clear – it has not been all hearts and flowers for stocks – there have been numerous -10%, -15%, and -20% corrections since the Financial Crisis nine years ago. Those corrections included the Flash Crash, debt downgrade, Arab Spring, sequestration, Taper Tantrum, Iranian Nuclear Threat, Ukrainian-Crimea annexation, Ebola, Paris/San Bernardino Terrorist Attacks, multiple European & Chinese slowdowns and more.

Despite the avalanche of headlines and volatility, we all know the net result of these events – a more than tripling of stock prices (+259%) from March 2009 to new all-time record highs. With the incessant stream of negative news, how could prices appreciate so dramatically?

Over the years, the explanations by outside observers have changed. First, the recovery was explained as a “dead cat bounce” or a short-term cyclical bull market within a long-term secular bear market. Then, when stock prices broke to new records, the focus shifted to Quantitative Easing (QE1, QE2, QE3, and Operation Twist). The QE narrative implied the bull advance was temporary due to the non-stop, artificial printing presses of the Fed. Now that the Fed has not only ended QE but reversed it (the Fed is actually contracting its balance sheet) and hiked interest rates (no longer cutting), outsiders are once again at a loss. Now, the bears are left clinging to the flawed CAPE metric I wrote about three years ago (see CAPE Smells Like BS), and using…
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The Deck Is Stacked

 

The Deck Is Stacked

Courtesy of John Mauldin

“The individual investor should act consistently as an investor and not as a speculator.”
– Ben Graham

Ben’s admonition is always true, but it’s more true at some times than others. It’s very true today, as investors go on riding the Balloon of No Hard Landings into the stratosphere, clinking their champagne glasses and avoiding looks down over the side of the basket as terra firma recedes ever further. My friend Michael Lebowitz of 720Global has already parachuted out of the balloon, and in today’s Outside the Box he tells us exactly why.

He begins with one of his favorite themes, the contrast between investment conditions in the early 1980s – when an unconventional president had just been elected to tackle a dicey economy and generally shake things up – and today. Conclusion? “The risk-return profile of 1981 is the polar opposite to that of today.”

When – not if – the balloon springs a leak and loses a lot of gas, how will those on board react? If they have waited too long to jump off, they may go kersplat before their chutes can deploy: permanent loss of capital. But it can be quite unnerving to be slung under a leaky bag of volatile gas, with your basket rocking wildly as it’s buffeted by heavy winds, knowing that the hard, stony ground of a market bottom is approaching at an ever-accelerating rate.

I went to add a few comments to Michael’s. Ed Easterling just shot me a note with the observation that we may about to have the third day in a row when the VIX closes below 10. There have been only 11 days out of some 6900, going back almost 28 years, when we’ve had a sub-10 VIX. When I look carefully at those dates, the word complacency leaps to mind.

 


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“We’ve Suffered A Crushing Defeat” Says Martin Schulz After Historic Merkel Victory In Today’s NRW Election

Courtesy of ZeroHedge. View original post here.

At the start of February, a shocking poll revealed that Germany’s Social Democrat, or SPD, party – under the new leadership of former Europarliament head Martin Schulz – had managed to overtake Angela Merkel’s dominant CDU ahead of Germany’s federal elections in the fall of 2017.  However, just three months later, “Schulz’ fairytale turned into a nightmare for Germany’s SPD” as the party scored its worst ever result in today’s election in Germany’s most populous state, North Rhine-Westphalia (or NRW).

With its sprawling industrial region and support from workers, NRW had been an SPD stronghold for decades. The center-left party had ruled NRW for 46 of the last 51 years. The CDU only ruled in NRW for five years during that time, from 2005 to until 2010. In May 2005, the CDU managed to unseat the SPD in NRW, prompting a snap federal election that the conservatives won, granting Merkel her first term as chancellor.

The polls showed the SPD coming in second, garnering just above 30% of the vote in what was once its stronghold state, down over 7% from the last election in 2012. At the same time, the business-friendly Free Democratic Party (FDP), which is looking to re-enter the German parliament this fall, came in third in NRW, taking 12.7% of the vote. The anti-immigrant Alternative for Germany (AfD) will also enter North Rhine-Westphalia’s parliament for the first time, picking up 7.3%.

The Green party, currently the junior coalition partner to the SPD, took a massive hit, dropping down to 6.3% . According to Deutsche Welle, the chances of the Left party clearing the 5 percent hurdle to enter the state parliament look grim, with the latest results showing the party at 4.8% .

Voter turnout was unexpectedly higher than four years prior, officials said, with 65.5% turning out to cast their ballots.

Predictably, the CDU was delighted by its crushing victory: “This is a great day for North Rhine-Westphalia,” said the CDU’s top candidate Armin Laschet, who will most likely become the next state premier. “We accomplished our two goals: defeating the SPD-Greens coalition and becoming the strongest party in the state.

But the big story was the collapse in the SPD, which has now suffered three defeats in Germany’s “Super Election Year”, prompting


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Marc Cohodes Badger Daylighting Short Thesis

By Jacob Wolinsky. Originally published at ValueWalk.

Marc Cohodes the shrewd Canadian short seller and chicken farmer who called the collapse of Valeant, Concordia and Home Capital Group among others has a new report out on another Canadian company in sight –  Badger Daylighting – news that he was short Badger Daylighting sent the company down around 25% in Friday’s trading session. He has just released slides on his short thesis which can be found below.

First some text on Badger Daylighting followed by full PDF

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Check Out The Management, Directors & Auditor Departures!

q May 2014 : CFO Greg Kelly departs after 15 years at Badger despite not having another job

q June 2014: Accounting Manager, Lynn Quiding, is fired a month after her boss is no longer with company

q November 2014: Chairman George Watson departs

q March 2015: Director (and Audit Committee Member) Richard Couillard chooses not to stand for re-election

q April 2015: Ernst & Young steps down as Badger’s Auditor

q June 2015: VP of Ops (#3 Exec in Co) Derek Dillon leaves. The same month, a jury enters a US$13.7mn verdict in favor of a former

franchisee in Oklahoma.

q March 2016: CEO Tor Wilson announces plan to retire after 13 years at company (last day is August 2016) due to health reasons yet

maintains aggressive workouts?

q March 2016: Midwest Director of Operations Dan Hutchison, who helped operate and build Badger’s U.S. finance and operations, is

demoted and eventually leaves the company in November 2016 to join Remax.

q June 2016: Credit & Collection Manager James Mink, a former colleague of Dan Hutchison responsible for over $40mn A/R portfolio

at Badger, leaves to become an…
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Scandal At China’s Grand Silk Road Summit As India Skips, Warns Of “Unsustainable Debt”

Courtesy of ZeroHedge. View original post here.

It was supposed to be China’s day of celebrating massive infrastructure spending for the sake of spending (read ghost towns, only now outside China’s borders) as Xi Jinping pledged $124 billion on Sunday for his new Silk Road plan to forge “a path of peace, inclusiveness and free trade” while calling for the abandonment of old models based on rivalry and diplomatic power games. However, it did not go quite as smoothly as expected.

A celebration years in the making, Xi hosted dozens of world leaders – including a piano-playing Vladimir Putin - on Sunday for the country’s biggest diplomatic showcase of the year, touting his vision of a new “Silk Road” that opens trade routes across the globe. Xi used the summit to “bolster China’s global leadership ambitions” as U.S. President Donald Trump promotes “America First” and questions existing global free trade deals.

After scoring 2 hat tricks in Sochi, Putin returns to Moscow where he places 1st in annual Van Cliburn competition pic.twitter.com/FQMs0PZ1W0

— Don Draper (@DonDraperClone) May 14, 2017

In total, leaders from 29 countries attended the forum, including some of China’s close allies and partners such as Russian President Vladimir Putin, Cambodian Prime Minister Hun Sen, Kazakh President Nursultan Nazarbayev, Turkey’s quasi-dictator Tayyip Erdogan, as well as the heads of the United Nations, and the CapEx leeches from the IMF and World Bank.

“We should build an open platform of cooperation and uphold and grow an open world economy,” China’s president Xi told the opening of the two-day gathering in Beijing.

Over the past four years, China touted what it formally calls the “One Belt, One Road” initiative as a new way to boost globalization and global development, aiming to expand links between Asia, Africa, Europe and beyond underpinned by billions of dollars in infrastructure investment. In other words, another way to boost China’s GDP only this time diluted among more Asian nations, who just have to take China’s word that it will ultimately be for their benefit.

Xi also said the world must create conditions that promote open development and encourage the building of systems of “fair, reasonable and transparent global trade and investment rules”. China’s president also pledged an anchor funding boost to the new Silk Road,


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North Korea’s Latest Ballistic Missile Was A “New Type” With Dramatically Longer Range

Courtesy of ZeroHedge. View original post here.

After North Korea provoked both its neighbors and the US when on Sunday morning it fired off yet another ballistic missile from Kusong near the border with China  – one which this time did not explode upon launch  – just days after the election of a new South Korean president who ironically advocates more engagement with Pyongyang, experts said the missile appeared to be a new type of ballistic missile, and had a far greater range than any other weapon North Korea has successfully launched.

According to Japanese Defense Minister Tomomi Inada, the missile rose to a height of about 2,000 kilometers, a much steeper trajectory than usual for a North Korean missile test. She also confirmed that officials were looking into the possibility that it was a “new type of ballistic missile.” Japan’s cabinet secretary, Yoshihide Suga, said the missile traveled for about 30 minutes and landed 700 kilometers east of the launch site. A spokesman for South Korea’s Joint Chiefs of Staff estimated the distance at 435 miles.

Cited by the WSJ, independent experts said the missile, if fired at a conventional angle, could have flown 2,800 miles—far enough to reach the U.S. military base in Guam.

That is a “considerably longer range than its current missiles,” said David Wright, co-director of the Global Security Program at the Union of Concerned Scientists, in an analysis of the launch.

As the Journal adds, while North Korea’s Taepodong-2 rocket has flown farther than Sunday’s missile, North Korea classifies it as a satellite launcher that isn’t designed to deliver a warhead back to earth. It is, however, banned by United Nations sanctions because similar technology could be used to make an intercontinental ballistic missile.

North Korea’s previous most recent launch from Kusong took place in February, during a summit meeting between Mr. Trump and Japanese Prime Minister Shinzo Abe. The February launch also featured a new type of missile for North Korea, one that uses a solid fuel-powered engine. The test involved an intermediate-range ballistic missile that was modified from a missile that North Korea launched from a submarine last year. It was later paraded through the streets of Pyongyang in April for a national holiday.

The missile that North Korea fired Sunday flew further


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America First Coming Up?

Courtesy of Mish.

Last week, in a rare bipartisan moment the Senate voted 82-14 confirming Robert Lighthizer as Trump’s U.S. Trade Representative.

Three Republicans, ten Democrats, and independent Bernie Sanders voted against confirmation.

Lighthizer is firmly against free trade as is Peter Navarro, Director of the White House National Trade Council.

While most of President Donald Trump’s nominees have cleared a divided Congress by narrow margins with mainly Republican support, Mr. Lighthizer on Thursday won significant backing from Democrats as well. That is a sign that, even as the opposition party battles the White House on much of its agenda, they are eager to work with Mr. Trump to beef up trade enforcement to curb imports and pry open foreign markets—and to craft policies aimed at curbing the U.S. trade deficit.

Utah Republican Orrin Hatch, the chairman of the Senate Finance Committee, also backed Mr. Lighthizer but openly voiced concerns about the changes the new administration may try to make to Nafta, which has wide support from the American business community and states near the Mexican border. “I told Mr. Lighthizer there are definitely opportunities to update and improve Nafta, but it is important that the administration follow the spirit of the Hippocratic oath: First do no harm,” Mr. Hatch said on the Senate floor.

In contrast with many other Trump appointees who have had little prior experience in government, Mr. Lighthizer, 69 years old, is a Washington trade-policy veteran, having worked as a staffer for the Senate trade committee and as a deputy United States Trade Representative under President Ronald Reagan in the 1980s. In those roles he was a free-trade skeptic, and helped to negotiate trade agreements aimed at curbing Japanese imports.

“I would slash the ‘free’ out of free trade and say trade is an expedient,” he told The Wall Street Journal in a 1996 interview when he was serving as a campaign strategist for Republican presidential nominee Robert Dole.

Mr. Lighthizer was most recently a Washington partner at law firm Skadden, Arps, Slate, Meagher & Flom LLP, where he represented steelmakers and other manufacturers seeking government protection from cheaper imports.

Beyond Nafta, Mr. Lighthizer is expected to help Mr. Trump flesh out the “America First” trade policy that was a main plank of his nationalist presidential campaign.

So far, Mr.


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Zero Hedge

US Officials Confirm Israel Behind Unprecedented Airstrikes On Iraq

Courtesy of ZeroHedge View original post here.

In an unprecedented escalation which could reshape alliances in the Middle East, American officials have confirmed that Israel was behind an airstrike on an Iraqi ammunition depot operated by a pro-Iran militia last month, according to The Associated Press:

Two American officials said Israel carried out an attack on an Iranian weapons depot in July that killed two Iranian military commanders. The U.S. officials spoke on conditi...



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Phil's Favorites

Killer Clowns

 

Killer Clowns

Courtesy of Geoge Monboit

Originally published in the Guardian, 26th July 2019: From Trump to Johnson, nationalists are on the rise – backed by billionaire oligarchs

Why are so many nations now led by extravagant buffoons? Because the nature of capitalism has changed.

Seven years ago the brilliant impressionist Rory Bremner complained that politicians had become so boring that few of them were worth mimicking: “They’re quite homogenous and dull these days … It’s as if cha...



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Biotech

The Big Pharma Takeover of Medical Cannabis

Reminder: We are available to chat with Members, comments are found below each post.

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Kimble Charting Solutions

Bearish Divergences Similar To 2000 & 2007 In Play Again!

Courtesy of Chris Kimble

Does history at important junctures ever repeat itself exactly? Nope

Do look-alike patterns take place at important price points? Yup

This chart looks at the S&P 500 over the past 20-years.

In 2000 and 2007 bearish momentum divergences took place months ahead of the actual peak in stocks.

Currently, momentum has created a bearish divergence to the S&P 500 for the past 20-months, as the seems to have stopped on a dime at its 261% Fibonacci extension level of the 2007 highs/2009 lows.

Joe Friday Just The Fact Ma’am; A negative sign for the S&P 500 with the divergence in play, would take place if support b...



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The Technical Traders

Do Good Traders Make Good Gamblers?

Courtesy of Technical Traders

Without breaking the rules, have you ever made a trade that was guaranteed to make you money? A trade that was literally guaranteed to succeed.

If you’re struggling to come up with an answer, we’ll give you a helping hand, the word you’re searching for is likely no. Every financial trade ever made – no matter how sound and well researched using technical analysis – carries with it an element of risk.

Outside factors beyond your control always have the possibility of turning profits into losses and ecstasy into agony. In many ways, trading is similar to gambling. For instance, you may think you know ...



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Insider Scoop

Earnings Scheduled For August 22, 2019

Courtesy of Benzinga

Companies Reporting Before The Bell
  • Hormel Foods Corporation (NYSE: HRL) is estimated to report quarterly earnings at $0.36 per share on revenue of $2.29 billion.
  • BJ's Wholesale Club Holdings, Inc. (NYSE: BJ) is projected to report quarterly earnings at $0.37 per share on revenue of $3.38 billion.
  • DICK'S Sporting Good...


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Chart School

Gold Gann Angle Update

Courtesy of Read the Ticker

Everything awesome? Gold over $1500. Central banks are printing money to generate fake demand. Germany issues first ever 30 year bond with negative interest rate. Crazy times!

Even Australia and New Zealand and considering negative interest rates and printing money, you know a bunch of lowly populated islands in the South Pacific with no aircraft carriers or nuclear weapons. They will need to do this to suppress their currency as they are export nations, as they need foreign currency to pay for foreign loans. But what is next, maybe Fiji will start printing their dollar. 

Now for a laugh, this Jason Pollock sold for more than $32M in 2012. 





Ok, now call Dan...

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Lee's Free Thinking

Watch Out Bears! Fed POMO Is Back!

Courtesy of Lee Adler

That’s right. The Fed is doing POMO again.  POMO means Permanent Open Market Operations. It’s a fancy way of saying that the Fed is buying Treasuries, pumping money into the financial markets.

Over the past 6 days, the Fed has bought $8.6 billion in T-bills and coupons. These are the first regular Fed POMO Treasury operations since the Fed ended outright QE in 2014.

Who is the Fed buying those Treasuries from?

The Primary Dealers. Who are the Primary Dealers?  I’ll let the New York Fed tell you:

Primary dealers are trading counterparties of the New York Fed in its implementation of monetary policy. They are also expected to make markets for the New York Fed on behalf of its official accountholders as needed, and to bid on a ...



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Digital Currencies

New Zealand Becomes 1st Country To Legalize Payment Of Salaries In Crypto

Courtesy of ZeroHedge View original post here.

Bitcoin and other cryptocurrencies have been on a persistent upswing this year, but they're still pretty volatile. But during a time when even some of the most developed economies in the word are watching their currencies bounce around like the Argentine peso (just take a look at a six-month chart for GBPUSD), New Zealand has decided to take the plunge and become the first country to legalize payment in bitcoin, the FT reports.

The ruling by New Zealand’s tax authority allows salaries and wages to b...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Promotions

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Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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