The Financial and Personal Security Letter
The Fed has not raised the funds rate once during the economic recovery. Long interest rates are in a trough, ending a three-decade-plus secular decline in rates, which has resulted in the bull market for bonds. Anyone making projections for investment returns over the next decade had better not be basing expectations on any historical performance. But I am afraid that this is exactly what most individual investors are doing.
In this month's issue, I explain the three biggest risks for your money. To frame risk parameters, I use inference reading—what I call outcome analysis—and on-the-ground anecdotal evidence. I exert minimal effort worrying about what I am going to make on my investments. I concentrate on dividends, portfolio balance, diversification, and compound interest—in other words, I know what I am being paid up front. So where does all this leave you? Depending on your risk tolerance, I have several allocation options to help you build a well-diversified investment plan consisting of equities, fixed income, precious metals, and foreign currencies—a mix that has historically provided consistent, positive, prudent returns. And if you're not a fan of metals, I've got a plan for you, too. No matter which one you choose, you can start with two foundation holdings you can add to with impunity through the years. 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 22, 2014
Last week E.J. posted part I in his series on Benjamin Graham’s The Intelligent Investor. You may have heard this from us before, but it is worth repeating for the benefit of those who have not. The Intelligent Investor truly is the best investment book ever written. It is a timeless classic that remains as relevant today […]
The post The Investment Idea that made Warren Buffett Billions appeared first on Young Research & Publishing Inc..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 can't tell you how relieved I am. I take this financial planning seriously, and I have learned a lot from reading Dick's monthly newsletter. You can tell him that it's the best advice I've ever found at any price, and I also am a very conservative investor who doesn't buy into the latest investment fads. … Many thanks
Charlotte, North Carolina