If you are like most people, for the last 35 years you’ve been investing the Wall Street way. The Wall Street way tells that the proper way to invest is to own a selection of stocks and bonds, and no matter what happens, stay the course. They tell us not to own physical gold. They say gold doesn’t do anything; it just sits there, doesn’t pay dividends, and costs money to store and insure. According to Wall Street, physical gold is for crazy people and conspiracy theorists who think the world is coming to an end. I believe Wall Street has sold us strategies that are in their best interests, not necessarily in ours. You need to change your strategy, and you need to do it now. As the financial environment changes from warm to cold you will want to adjust your investment strategy. Defensive positions like commodities, gold, and cash will best shield you from the elements on the horizon.
Adam believes that rather than close your positions during an economic downturn, you should be proactively making moves in the market because there is money to be made; and he is right. It’s all about strategically positioning your investments well to make the most out of a bad situation. It will be risky, but the rewards make it worth the trouble.
The global financial crisis that shook virtually every country, government, and household in the world in 2008-09 gave way to a frustrating “new normal” of low growth, rising inequality, political dysfunction, and, in some cases, social tensions, so much so that the path of the global economy is likely to end
This book is not really about money, it is about creating the life you want. A part of that is deciding what role you want money to play in it. We all have money in our lives, what matters is that you master money and it doesn’t master you. The secret
Incentives are the cornerstone of modern life. And understanding them or ferreting them out is the key to solving just about any riddle. It isn't just the boldface names inside-trading CEOs and pill-popping ballplayers and perk-abusing politicians¾who cheat. It is the waitress who pockets her tips instead of pooling them. It
Solving problems is hard. If a given problem still exists, you can bet that a lot of people have already come along and failed to solve it. Easy problems evaporate; it is the hard ones that linger. Furthermore, it takes a lot of time to track down, organize, and analyze the
I believe that I was destined to share this information with you. It’s information you won’t find anywhere else. This is information that Wall Street will never tell you.
Pain provides the impetus to learn, to improve, and to grow. Instead of really feeling that pain, we are now addicted to the painkiller of debt.
One of the biggest arguments against gold is that it doesn’t provide any return. That’s correct and is exactly one of the most compelling reasons to own it in my opinion. Gold does not pay any return because gold has no risk.
The purpose of this book is not to be a history of gold and paper money, but more an evaluation of how gold performs, especially when considered against paper currencies and other financial assets.
If you wanted a loan in the years after the housing collapse, you better not have needed it. Only those that didn’t need the money were granted access.
This debt cocktail will kill us as interest rates surge higher. Just like it did in 2000 and 2008. Only this time when the black swan of default comes flying in there may be no way to stave it off. This time investors will not only lose, they may lose everything.
If you believe equity markets are at the highest valuations in history due to strong economies, you have drank the proverbial kool aid.
Getting caught up in the euphoria and bullish momentum of today’s markets may work in the short term. But if you are not getting out now, when will you?