It is sometimes hard for me to believe that it has been nearly 25 years since I traveled around the world, speaking at investor conferences and interacting with so many interesting individual investors. Rather than speaking at seminars, today I focus on gathering intelligence that I use in developing a global investment strategy for Richard C. Young & Co., Ltd., my money management company, and in these personal and financial security reports. There and here, my rule of five Ps–Protect, Preserve, Patience, Perspective, and Prudent–are integral to our conservative investing strategy. I've invested to weather the mightiest of storms and, under most circumstances, feel barely a ripple. And my goal here is to have you set up with a similar fortress-like portfolio.
By the time you read this issue of Intelligence Report, I will have made the first in a series of significant investments, each of which will be outlined here in IR over the next year. Number one on my list is a pipeline MLP ETF that is already a large holding of mine, and will shortly become bigger. Pipeline MLPs are the one area of the market where I still see significant income opportunities, as well as value. This month, I will share the names of the four individual pipeline MLPs where I want you to put your money. I will also share a variety of other funds that I have outsized positions in while the storm clouds are gathering. You will be familiar with many of them, since I have written about and advised all of them for years. One Vanguard fund I have owned and advised for years is up 70% YTD. More >>
Each month, I provide you with an Economic Analysis supplement to the issue. This supplement provides you with a bird's eye view of the indicators that I monitor on a regular basis. The incisive, story-telling charts included in this supplement are updated every month and range from "The Leaders" to "World Currency Reserves/World Gold Reserves." There will always be great new material as well as timely reference dates, and my comments spell out the meaning of each chart for you. Download in pdf format.
July 29, 2016 Think about the concept of retirement for a minute.¬†A person works their entire life, gains massive amounts of valuable experience, becomes extremely¬†productive, and then checks out at the peak of their career. Odd is it not? But given expected life spans, and what it costs to save for the Golden Years, this is how it’s […] More »
Dick Young grew up in Shaker Heights, Ohio, graduated from Babson College in Wellesley, Massachusetts, with a B.S. in investments, began his investment career in 1964 with Clayton Securities in Boston, and founded Young Research & Publishing, Inc. in 1978 to publish Young's World Money Forecast. More »
I have been a subscriber of Intelligence Report since 1992. † I began investing †for retirement using guidelines from Intelligence Report. †I followed Richard's advice and †switched †everything to Vanguard in 2006 and wish I had done it sooner. With about 35% Retirement Compounders and the rest in Vanguard GNMA and Vanguard Short-Term Investment-Grade, I was able to fly through the recession. Average return for the last 5 years was 5.7%.
I retired from dentistry in 2010 after 43 years in my office, and since that time we are living off my investments and Social Security. We have about as much to live on as when I was working, because I don't have to pay those high taxes. I stick with the program and have not had to use any principal for living expenses.
I am glad that I stumbled upon your letter in 1992, because I was able to develop a philosophy for investing and a plan to stick with through thick and thin. It has paid off very well. Thank you.