I have been writing to you in recent years of the probability of black swan events—events that come out of nowhere and act as a destructive force for investors. Well, I see revent events worldwide as a black swan chain reaction. Take your pick as to what the dominant catalyst will be, because, regardless of your selection, the whole package of international short-circuiting has the look of yellow snow to me.
My concentration for you, as well as for me, is preparation for and avoidance of risk. When you invest with the same risk-averse philosophy used in defending your estate, unpleasantries and dislocation are minimized. Start with the five-pronged armadillo plan I outline in the issue. This mix figures to carry you through any inflation/deflation turmoil no worse for the experience. Then, move on to my three new industrial stocks, all of which have been paying a dividend since at least the 1960s. Get yourself positioned to benefit as I plan to benefit and we'll stay safe together. 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.
March 07, 2014
Some of the big dogs in private equity are selling. Good luck to those who stick around. The WSJ reports: Shares of private-equity firms are soaring, and buyout barons are selling. Top executives at three publicly traded private-equity firms have sold more than $500 million of their firms’ stock over the past year, according to […]More »
I am a longtime subscriber. I have done nothing but make money with your recommendations, and lost very little. Thank you! Are you still recommending the SPDR Barclays High Yield Bond, JNK?
Yes, I continue to advise a position in high yield bonds. I also favor Ginnie Mae securities, floating rate loans, and short-term investment-grade corporates. Vanguard GNMA (VFIIX) and Fidelity Floating Rate High Income (FFRHX) are my advised plays in the Ginnie Mae market and the floating rate loan market. In corporates, I prefer a mix of individual investment grade and high-yield bonds such as those covered in Young Research's Global Investment Strategy. If you prefer the mutual fund route, I advise Vanguard Short-Term Investment Grade (VFSTX) and the SDPR Barclay's High Yield Bond ETF you mention.
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 was a subscriber a few years ago and left. I thought I could find better advice and better returns. I was wrong. What I found was the same old advice that was chasing the latest hot trend. When I looked at my portfolio, the best performers were old recommendations that came from Intelligence Report. I have seen the light. I am back, and I am sorry I left.