The Financial and Personal Security Letter
The Fed continues to create a clogged financial toilet. Junk stocks and strato-priced non-dividend-payers are screaming, while the type of stocks investors want for a safe and comfortable retirement languish out of favor—an occurrence to be expected in the late bubble stage of any bull market, especially today's. Automated trading systems (featuring no human input), day traders, momentum mavens, and craps enthusiasts of all stripes are engaged in a full-blown, tail-chasing, ring around the rosy circus. It's financial musical chairs. Meltdown is absolutely baked into the cake as I write to you.
In this month's issue, I'll explain my 'Maximizers' approach and how you can craft your own customized Maximizers strategy. My Maximizers will plow through the coming recession and stock market debacle with minimal, if any, damage. That includes this month's #1 holding, which is a leading communications and information systems company that has been giving out dividends since 1941, and my new recommendation, a competitor of Wal-Mart's with a unique strategy for building loyalty among customers and keeping costs competitive. 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.
June 30, 2015 No surprises here. Firm drops variable-annuity product. Voya Financial Advisors is restricting the sale of variable-annuity sales for retirement planning amid increasing pressure from regulators, InvestmentNews reports. Voya’s 2,200 brokers are no longer allowed to sell a type of variable-annuity contract known as an “L share” if the annuity contract includes riders. The firm says it received Finra “guidance” […] 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 became financially independent and retired at age 50 in 2011. My story has been featured in USAA Magazine and on Yahoo Finance. I credit Dick as my investing mentor both on my blog here: www.caniretireyet.com/how-i-retired-early/ and in my new book "Retiring Sooner," available on Amazon.
[What I like best are] the consistent reminders of conservative investing fundamentals. As I say in my book, "I owe an enormous debt to Richard C. Young and his Intelligence Report, which was my mentor in patient, diversified, low-cost passive index investing." Thank you again Dick!
— Darrow Kirkpatrick