Did Geithner Tell Americans That A 10% Or Better Return On Investments Is An Illusion?
Did Timothy Geithner really tell Americans a 10% or better return is an illusion? I’ll let you decide after hearing exactly what he did say in a recent interview on Meet the Press. Timothy Geithner was interviewed by David Gregory on Meet the Press on Sunday (click on link for video and transcript) where Gregory asked the following question; “What is a fair expectation for Americans...
Read MoreDOW 10,000 In 2009 Is NOT the Same as DOW 10,000 In 1999 – It Buys You 23.8% Less Today
CNBC can cheer all they want about the DOW hitting 10,000 again by proclaiming it “DOW 10,000 (version) 2.0,” but is it really a better version, or even the same version as DOW 10,000 of 1999? We’re Not Partying Like It’s 1999 What most don’t realize is that the DOW 10,000 of 3/12/99 was worth more in terms of purchasing power than DOW 10,000 10/14/09 by a whopping...
Read MoreDigger’s Friday Triple Play
Invest in paths that are less trodden, says Jim Rogers The idea that you can solve a period of excessive borrowing and consumption with more borrowing and more consumption and destroying more balance sheets, to me, is ludicrous on its face,” Rogers said. Inclined to Liberty; The Futile Attempt to Suppress the Human Spirit by Louis E. Carabini Labor unions use the “take away jobs”...
Read MoreModern Portfolio Theory’s Biggest Flaw
Modern Portfolio Theory (MPT) had one major flaw from the beginning. The assumption that there is such a thing as a “risk-free” asset. It is the same flaw that exists for most portfolios today. Before I get into the flaw, a little background on MPT In a nutshell, MPT attempts to create an optimal portfolio by identifying a client’s risk tolerance. To do so, would take care...
Read MoreFrom Green Shoots to Drought? Making Economic Sense of Investing
It’s not easy to stick your neck out and call a top when the stock market has some good momentum going for it. But calling the exact top isn’t what’s important. Keeping and growing your wealth is. To do this, you must make sense of the economic data that are causing the green shoots and decipher for yourself whether they will blossom from here or wither and die from a potential...
Read MoreDigger’s Friday Triple Play
Alan Grayson: “Which Foreigners Got the Fed’s $500,000,000,000?” Bernanke: “I Don’t Know.” Bringing Transparency to the Federal Reserve Ron Paul: What Are They (The Federal Reserve) So Afraid...
Read MoreCurrent Thoughts on the Stock Market: Caveat Emptor!
Government surplus efforts are presently working. Some are calling an end to the recession. Green shoots are sprouting. The stock market is breaking 2009 highs. Life is back to normal. All is well. Or is it? What is the real reason for all the happy faces of the folks on CNBC? Answer: Government spending. I addressed the government spending effect on GDP in June in an article...
Read MoreGold Investment Bashers Won’t Respond to Critique
I’ve moved on with my battle with financial advisor’s who attack gold as an investment as I didn’t receive a response from the first one. If financial advisor’s are willing to critique gold as an investment, then they should at least respond to my criticism of their understanding of how gold fits into a well diversified portfolio. While I won’t mention...
Read MoreChallenging Financial Advisors on the Need to Diversify Into Gold
In a follow up to a recent article; Gold: Why Doesn’t Your Financial Advisor Recommend It?, I decided to take on the task of challenging a financial advisor on their understanding of how gold fits into one’s portfolio. First, you should know that I was a financial advisor for over 20 years. I left the business to follow my passion to write as described in my “About Doug”...
Read MoreGold: Why Doesn’t Your Financial Advisor Recommend It?
When it comes to your investments, diversification hasn’t worked. The “Buy and hold” strategy has become “buy and hope.” The one asset that could have helped stabilize your portfolio isn’t ever recommended by CNBC or your financial advisor. That asset is gold. One cannot rely on CNBC or conventional financial media advice as they are misinformed. Continually...
Read MoreConfused About Gold and the Dollar? Understand Their Relationship Before You Invest
It’s not known for sure where the concept that an ounce of gold could always buy a nice businessman’s suit came from, but the analogy is used today by many who want to paint a positive picture for gold. The premise of the story is used to reveal the fact that the dollar has lost 95%-98% of its purchasing power since the creation of the Federal Reserve in 1913. The typical story...
Read MoreThe Demise of GM and How the U.S. Is On the Same Course “As GM Goes, So Goes the Nation”
I truly believe a year from now we’ll have many of the answers we’ve all been waiting for. I choose a year from now because once this Presidential political distraction is over with, and we’ve had another year of the continued crack up from the sub-prime mess and more bank failures, and more fed intervention (GM, Ford, possibly the airlines, state bailouts, followed by the...
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4 Ways Gold Dealers Rip You Off!
