Current Issue - March 2015

I write to you about financial and personal security, with the emphasis on risk analysis for both. For any given scenario, the first step is a complete understanding of all the elements of risk. Unfortunately, the game breakers are all Black Swan events that you cannot time accurately in advance. Nonetheless, preparation is warranted to cover the unexpected.

Most of you undoubtedly are pretty well dug in. It is new investors who have to get off the side of the road and throw down the rulebook. Your first and foremost concern for your portfolio is your yield at purchase. One great strategy that will work for anyone is to acquire closed-end funds that sell at a deep discount to net asset value in advance of a dividend cut. I'll tell you what closed-end fund is almost certain to fall into that camp in the issue. I'll also update you on the global view of production of one of my favored precious metals groups, and why massive demand and uncertain supply is likely to drive up prices in the next few years. More >>

Economic Analysis - March 2015

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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NASDAQ Missed the Boat

March 05, 2015 NASDAQ crossed 5,000 for the first time in 15 years. That’s a long-time to wait, especially if you’re not getting paid. Back in 2000, when it peaked, NASDAQ yielded one-tenth of the S&P 500 or 0.12%. Imagine investing for 15-years and getting paid. I’ll use a 4% yield as an example, which was hard to […] More »