The Financial and Personal Security Letter
Many years ago, Richard Russell, the legendary investment newsletter editor, penned what has been, for my money, to this day, the most compelling mini essay on investing he ever wrote. From Dow Theory Letters: 'In the investment world the wealthy investor has one major advantage over the little guy, the stock market amateur and the neophyte trader. The advantage that the wealthy investor enjoys is that HE DOESN'T NEED THE MARKETS … The wealthy investor knows what he is looking for, and he doesn't mind waiting months or even years for his next investment (they call that patience).'
My Maximizers strategy, which I introduced last month, is focused laser-like on these Russell concepts, especially patience. This month, I introduce my approach of using a portfolio of Maximizers in order to help you avoid financial castration in the winter of any economic cycle. There is still some gas in the economic tank, and there is time to get your house in order. Meanwhile, the Fed's complete destruction of yield over the last seven years means that you should seriously consider the issue of outliving your money during retirement. I'll explain how you can avoid that predicament. Finally, I am adding a new ETF to my Funds Master List. This ETF owns one of the lesser-known precious metals, which is used primarily in industry. 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 31, 2015 The latest GDP report came out yesterday and it showed economic growth of 2.3% in the second quarter. First quarter GDP was revised up from a drop of .2% to a gain of .6%. Yesterday’s release also included the BEA’s (Bureau of Economic Analysis) annual revisions to GDP. The annual revisions incorporate newly available, more […] 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