A bubble is the state of a market before the crash. It is a situation in which assets trade at a price that is considerably higher than their intrinsic value and, in my view we're currently in a bubble. The current S&P 500 P/E is at 25.09 (when the historical average is 15.61). The question is, "When will the market crash?" and I see worrying signs that this could happen soon.
Read More »Believe It Or Not: Life In the U.S. Continues to Get Better & Better
We are better off than ever before according to the Fed Q2/16 estimate of the balance sheets of U.S. households which shows that, collectively, our net worth reached a new high in nominal, real, and per capita terms. The bottom line is that, in fact, life in the U.S. continues to get better and better.
Read More »Remember the Subprime Mortgage Meltdown? Well, the Subprime Auto Loan Meltdown Is Now Underway
We are living in the greatest debt bubble in world history, and there are signs that this giant bubble is now starting to burst and, when it does, the pain is going to be greater than most people would dare to imagine.
Read More »Rebalance Your Portfolio Periodically – Here’s Why
Rebalancing is a form of both risk management and a systematic way to carry out a contrarian investment strategy. The entire point of allocating money to different investments in a thoughtful way is to create a risk-return profile that balances out your long-term objectives with your short-term comfort level. Deviating from that risk-return profile can be a huge behavioral risk if you’re not aware of how it can change your portfolio’s composition.
Read More »Protect Yourself From the Inevitable Financial System Implosion – Here’s How
Sadly, things have now gone too far to stop the inevitable currency collapse and implosion of the financial system but that doesn’t mean that it is too late for individuals to protect themselves.
Read More »Canadian Home Prices Give Me the “Heebeejeebies” – Here’s Why
The price of an average (benchmark) home in Vancouver, Canada is $1,400,000 which is 30.1% higher than it was a year ago. Yes, 30.1%! Everything seems rosy when riding a hot investment until one thing goes awry. We never seem to know what that'll be, but experienced money managers usually get the heebeejeebies just before it happens -and that's what is happening these days.
Read More »Want A Comfortable Retirement? Here’s How
Below is an infographic on Avenues to Retirement which focuses equally on gold IRAs, annuities and other non-gold related options. You will find it a valuable resource for preparing for retirement.
Read More »Why Use An Investment Advisor? Here’s Why
There are a number of conventional reasons why a segment of people have always resisted the urge to hire an investment advisor. Nevertheless, there comes a time in virtually everyone’s life when circumstances change at which time finding a trusted advisor may well become a priority and a rewarding proposition that leads to less stress, superior execution, or simply a safety net for your family.
Read More »8 Enormous Fortunes and How Their Billions Were Lost
For most people, building a fortune is an elusive task but, once they have a fortune, many people find that they have a hard time hanging onto it. Below we discuss the 8 biggest fortunes ever lost. The reasons are diverse but, usually, it’s the same forces that built those fortunes in the first place. Economics is a fickle beast. Wealth is a fickle thing. It isn’t as tangible as people like to think.
Read More »Financial Technology (FinTech) Is Re-Inventing Banking
The time is ripe for financial innovation: new technologies are helping end users skip past gatekeepers and intermediaries to customize their use of financial products. Payments, personal finance, P2P lending, insurance, digital banking, equity crowdfunding, smart contracts, and digital currencies are just some of the areas that are of interest in the fintech landscape. There’s heavy competition in the fintech space and no shortage of moving parts. However, this infographic from DealSunny helps to put most things in perspective.
Read More »