Personal Finance

Great Holiday Gifts for the Avid Investor

gold-gift-box-400x349Choose from conference tickets, investment videos or subscriptions. We have everything you need to survive the debt crisis – which is on its way!

In The Next Five Years There Will Be Big Losers and Big Winners – Which One Will You Be?

Make no mistake about it. There is going to be a ton of money lost in the next five years but there will also be huge opportunities and we think the first half of 2013 will be the time to position yourself.

The 2013 World Outlook Financial Conference, Feb 1 & 2, 2013 in Vancouver features top analysts from the English speaking world giving their forecasts for gold, the US and Canadian dollars, the stock markets, real estate, interest rates and the bond market. These analysts spend literally thousands of hours in preparation to be able to answer the one question they’ll all be asked: Where is the best place to make money in 2013 and beyond?

Order your ticket or before December 14th and we will include:

A Do-It-Yourself Portfolio Course (60-90 mins.) conducted by Aaron Dunn, BComm, CIM, CFA, Senior Analyst, KeyStone Financial
Equity (Stock) Allocation:
Core Income Stock Component:
Specific Stock Recommendations for 2013:

Kickstart your 2013 DIY Stock Portfolio with a couple top recommendations in each category.

CLICK HERE to order your tickets today

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Conference “Get away” Special

Turn your ticket to the World Outlook Conference into a weekend get away in Vancouver at the Westin Bayshore.

The Westin Bayshore offers guests the best of both worlds: the activities and cultural events of Vancouver, as well as a relaxing resort experience. This unique duality is just one of the features that allowed The Westin Bayshore, Vancouver to be named to Condé Nast Traveler’s Gold List. Enjoy views of the coastline, distant mountains, and Stanley Park from this beautiful downtown Vancouver hotel.

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Just book your ticket for the Conference and then click on the Accomodation link to book your guest room at the Westin Bayshore.

The World Outlook Conference group block allows attendees to secure a reduced room rate that is:

  • Fully refundable until 24 hours prior to check in day, with no penalty.
  • Available from January 31st to Feb 4th(subject to availability), for those looking for a longer stay in the city and to sightsee.
  • Includes complimentary internet (value of $14.95/day)
  • Complimentary access to the Health Club

Want a REAL TREAT???? – Consider upgrading yourself to a suite and take some time to enjoy the spa. For $100 more a night, you could spend the evening in a suite, just ask about their special “upgrade rates”

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And…. if that’s not enticing enough…. Anyone who books their ticket and their accommodation at the Bayshore THIS WEEKEND will receive a “Welcome Gift” from us at the World Outlook Conference. A little decadent treat to help turn your weekend into something more than profitable.

Gold, God, China & The Dollar

“Gold is higher in the year 2012 for its 12th year in a row (up 9% this year, so far).  This year investors have fed almost $8 billion into the most popular gold ETF — GLD.  One advantage for gold is that interest rates are historically low, which makes the carrying cost of gold very low and attractive.”

“In fact, compared with the inflation rate, interest rates are in the negative column, and the Fed promises to keep rates super-low for the next two years or so.

China is the great unknown as far as gold is concerned.  China is on the path to make the yuan a competitive world reserve currency.  I’ve long felt that China will back its currency with part-gold.  But gold today represents only 2% of China’s sovereign resources.  To be a reserve currency, China needs two items: (1) lots of gold, and (2) a mighty military.

Below the important Shanghai index is semi-crashing.

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I’ll just hang on to my gold, and as the various junk fiat currencies fade into history, gold will shimmer and shine brighter.  In its long 12-year bull market history, gold has provided we “gold-bugs” with plenty of scares, but right now I’m more worried about the Yankee Dollar than I am about gold.  As I write this morning, gold (not GLD) is down only 2.00 to 1693.80.  It was down further earlier, but it may now be trying to base.  We’ll see how it closes.  The gold mining stocks have been a constant drag on gold.  Unfortunately, the gold stocks tend to go with the general market.

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Do you like to read charts?  Below is the safe-haven US dollar.  I dunno, if it was a stock, I don’t think I’d buy it. Look, it just closed below its 50-day moving average.  That should have been support. MACD doesn’t look that good, either.  I’d swap the darn paper for gold.

KWN RR 142

At the tender age of 88, it seems that I have, at last, found God.  This means that I am learning to live in the present — minus all my worries about the future.  And I can tell you, it’s a huge relief to be living without all my worries.

This way of thinking and acting has taken a huge strain off me.  It will probably add ten years to my life.  I no longer worry about a brutal depression that “may” lie just around the corner.  I live in the present, and in the present I am aware and calm and dealing with the here and now.  And right now there is no depression.  If a depression or some other catastrophe arrives, I’ll deal with it then.”

Richard Russell

To subscribe to Richard Russell’s Dow Theory Letters CLICK HERE.

 

About Richard Russell

Russell began publishing Dow Theory Letters in 1958, and he has been writing the Letters ever since (never once having skipped a Letter). Dow Theory Letters is the oldest service continuously written by one person in the business.

Russell gained wide recognition via a series of over 30 Dow Theory and technical articles that he wrote for Barron’s during the late-’50s through the ’90s. Through Barron’s and via word of mouth, he gained a wide following. Russell was the first (in 1960) to recommend gold stocks. He called the top of the 1949-’66 bull market. And almost to the day he called the bottom of the great 1972-’74 bear market, and the beginning of the great bull market which started in December 1974.

The Letters, published every three weeks, cover the US stock market, foreign markets, bonds, precious metals, commodities, economics –plus Russell’s widely-followed comments and observations and stock market philosophy.

In 1989 Russell took over Julian Snyder’s well-known advisory service, “International Moneyline”, a service which Mr. Synder ran from Switzerland. Then, in 1998 Russell took over the Zweig Forecast from famed market analyst, Martin Zweig. Russell has written articles and been quoted in such publications as Bloomberg magazine, Barron’s, Time, Newsweek, Money Magazine, the Wall Street Journal, the New York Times, Reuters, and others. Subscribers to Dow Theory Letters number over 12,000, hailing from all 50 states and dozens of overseas counties.

A native New Yorker (born in 1924) Russell has lived through depressions and booms, through good times and bad, through war and peace. He was educated at Rutgers and received his BA at NYU. Russell flew as a combat bombardier on B-25 Mitchell Bombers with the 12th Air Force during World War II.

One of the favorite features of the Letter is Russell’s daily Primary Trend Index (PTI), which is a proprietary index which has been included in the Letters since 1971. The PTI has been an amazingly accurate and useful guide to the trend of the market, and it often actually differs with Russell’s opinions. But Russell always defers to his PTI. Says Russell, “The PTI is a lot smarter than I am. It’s a great ego-deflator, as far as I’m concerned, and I’ve learned never to fight it.”

Letters are published and mailed every three weeks. We offer a TRIAL (two consecutive up-to-date issues) for $1.00 (same price that was originally charged in 1958). Trials, please one time only. Mail your $1.00 check to: Dow Theory Letters, PO Box 1759, La Jolla, CA 92038 (annual cost of a subscription is $300, tax deductible if ordered through your business).

IMPORTANT: As an added plus for subscribers, the latest Primary Trend Index (PTI) figure for the day will be posted on our web site — posting will take place a few hours after the close of the market. Also included will be Russell’s comments and observations on the day’s action along with critical market data. Each subscriber will be issued a private user name and password for entrance to the members area of the website.

Investors Intelligence is the organization that monitors almost ALL market letters and then releases their widely-followed “percentage of bullish or bearish advisory services.” This is what Investors Intelligence says about Richard Russell’s Dow Theory Letters: “Richard Russell is by far the most interesting writer of all the services we get.” Feb. 19, 1999.

Below are two of the most widely read articles published by Dow Theory Letters over the past 40 years. Request for these pieces have been received from dozens of organizations. Click on the titles to read the articles.

Rich Man, Poor Man (The Power of Compounding)

The Perfect Business

 

 

 

Ominous Signs Housing’s Taking a Header

94aa52384933bffed241a3362858November was so bleak that housing sales were 30.3% below the 10-year average. On Sunday I told you to expect a 30% cratering of house sales in Vancouver when the realtors made their big reveal a day or two later. I was wrong. It was 29%. But Anyway you cut it, this is substantial news. Even the financial guys now know it.

Says BMO Nesbitt Burns: “Vancouver’s market is on the down slope of its historical roller-coaster ride.” When bankers start talking macho like that, you know what’s ahead. Minimum-wage hairdressers in East Van will have a nasty time getting million-dollar mortgages. It’s just so unfair.

Of course Vancouver housing is a proxy for real estate across the country. They just don’t know that yet in Calgary. The declines will not likely be as severe as they’ll end up being in The City that Mold Loves, but lower prices and sagging sales will be universal. And all the way down, real estate boards will probably lie to you.

Says veteran agent (and Van bad boy realtor) Sam Wyatt: “Anyway that you look at the pricing for detached Westside houses, they are falling… the lowest figures seen in nearly 2 years. 

…..read more and view chart HERE

CDN Real Estate: Bang Crash

When prices go exponential, Chartists who track price series love to use the elegance of the Eiffel Tower as a metaphor. In short Vancouver Eiffelizes while Calgary Zooms.

The left side of the tower is exciting and for those who can time the ultimate exhaustion and exit point. They are rewarded… well exponentially. Vancouver average single family detached prices in October 2012 dropped again for a six month plunge of 12.9% and a loss of of $137,300 which is greater by 12% than the 2007-09 crash amount and the current plunge is a 77% retracement of the $177,329 gain since the beginning of the year (Vancouver Chart).

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But the right side of the tower is where exponential decay occurs and the trip down often has the right leg breaking well below the trend that was in place prior to the exponential move up. 

When it comes to real estate (a slow asset), the right leg can stretch out much further over time as evidenced by the Japanese experience.

As the downside trip gathers momentum, the market participants lower their expectations. We already hear real estate agents advising their client sellers to list their properties for sale below the last recorded comparable sale price to insure action and increase the probability of a successful transaction. 

The fear of missing out in Vancouver is being replaced with the fear of getting stuck.

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….read all the rest of Canadian City Pricing HERE 


 

John Templeton: Secrets of world’s best stock picker

SJT 100 YearsThe 16 rules that the investing legend has been so kind to share with the investing community.

Last week, we brought to you our first article in a series of articles we plan to write about Sir John Templeton’s rules for investment success.

Rule # 2: Invest – Don’t trade or speculate 

First up, Sir Templeton outlined how over the long term, stocks are one’s best bet to preserve or even enhance purchasing power. And now, he focuses on helping an investor acquire the correct mindset for successful investing. And that mindset is of being an investor and not a trader or a speculator. 

Thus, if a person has to achieve great long term track record, he will have to think from the point of view of an investor. Acting like a trader that buys today and sells tomorrow or a speculator that buys solely on the hopes that he will sell the stock to a greater fool is nothing but highly risky in the long term. 

But how exactly does one think like an investor? Well, to think like an investor means thinking long term and thinking like a business owner. In other words, for an investor, the main focus should not be the stock markets. It should not even be the stocks under consideration. Instead, the main focus of an investor’s analysis should be the underlying business. 

Thus, an investor is only concerned with whether the underlying business has a strong financial position and whether it makes sufficient profits that continue to grow year after year. Besides, an investor should also be concerned about the price at which the shares of the business are available at in the markets. 

Aside of these factors, there are hardly any other factors that matter for an investor we believe. Things like stock price volatility or the volumes in the financial markets should be of no concern for the investor. 

In the final analysis, what matters is the cultivation of right habits. And once a person does so by focusing solely on the investment aspects and not getting influenced by wide price swings, he would have taken a huge step towards a rewarding career as an investor according to John Templeton and also according to us. 

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