Current Issue - August 2016

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 >>

Economic Analysis - August 2016

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.

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Velocity, there is None

July 22, 2016 At one time, velocity, the speed at which the monetary base is spent¬†(measured as GDP/M2), was a reasonably¬†reliable indicator of America’s position in the business cycle. More often than not, if velocity was tanking, it was a good bet the country was in recession. Today though, after years of unconventional monetary policy, velocity is no […] More »