There was no way out. A few weeks ago while oil prices were collapsing, your editor was sitting at a restaurant bar next to a fully-licensed financial advisor. In a stereotypically overconfident manner he regaled me with “facts” about how oil’s price rebound was imminent. He rattled off all the data points ”Peak Oil” theorists…
DetailsYou’ve seen the 2015 forecasts. None of them are inspire much confidence. Goldman Sachs’s top U.S. stock strategist forecasts a 1.8% return for the S&P 500 this year. Jeremy Grantham of GMO said stocks are overvalued by as much as 65% and expects stocks to post negative returns over the next seven years. David Kelly,…
DetailsLife’s too short to get rich slow. That’s what Tom Vu, the original king of late-night real estate investment infomercials, told viewers who thought his 90-minute seminar was a “get rich quick scheme.” It turned out to be just as bad advice as is it is comical. As you know well, instant riches (like the…
DetailsThe next credit crisis has hit. Credit has seized. Interest rates soared. Asset prices collapsed. And, naturally, everyone assumes it will never turnaround. It happens all the time, creating one of the greatest opportunities for investors will to go against the herd. In fact, the last time investors had the chance to make 320%. The…
DetailsOne of the world’s largest money managers says a “tsunami has hit investors.” The costs of the “tsunami” will be enormous. Retirement dreams shattered. Education savings for kids and grandkids destroyed. It’s going to get ugly for an estimated 80% of investors. But there is one simple thing you can do to protect yourself from…
DetailsThe next crisis is here. The cyber attack on Sony lasted just 25 days, but it’s effects are just starting. The hack will directly cost the company up to $200 million because of a 112-minute comedy that North Korea considered an “act of war.” Rest assured there are hundreds of millions of more costs for…
DetailsCuba is open for business! Well, at least it soon will be. The announcement this week of a relaxation of some regulations on trade with Cuba sparked a lot of excitement. U.S. businesses and investors are already targeting the opportunity provided by a market of 11 million Cubans and an island that has — economically…
DetailsOne of the single best stocks to own over the last two years had nothing to do with revolutionary technology. The company, TeleCommunication System (TSYS), really isn’t anything special at all. It builds communications networks that incorporate satellite, high-speed data, and mobile communications networks for healthcare, government, and private companies. It’s a specialized market and…
Details“A stock market decline is as routine as a January blizzard in Colorado. If you’re prepared, it can’t hurt you.” That’s what Peter Lynch wrote in his classic book Beating the Street. It’s completely true. And I’m sure this advice played a major role in Lynch’s ability to beat the market 11 out of 13…
DetailsThe next subprime bubble is here. It’s going to blow a 9-figure hole in the financial system. And, although it’s NOT likely to create a 2008-style panic, it will cost some investors greatly and make others a fortune. Here’s the situation and how to make sure you’re one of the latter. The Next Subprime Bubble…
DetailsWorried about 2015 yet? The last few days have been a wake-up call for investors. As usual, it feels worse than it is. In the last ten days the S&P 500 and Dow are both down only about 4%. But the CBOE S&P 500 Volatility Index (a.k.a. “The Vix” and “The Fear Index”) has surged…
DetailsI still find it funny… In March 2014, the bears destroyed the biotech sector on naive fears of a bubble. Federal Reserve president Janet Yellen noted that biotech stocks were overvalued. Had she bothered to look at the price to earnings ratios, she wouldn’t have made such a statement, though. Even the press argued for…
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