The Financial and Personal Security Letter
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 >>
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.
February 27, 2015 From CNBC: Enshrining net neutrality into Federal Communications Communications rules will subject the Internet to the whims of politicians and create uncertainty, Mark Cuban told CNBC on Thursday before the agency approved the regulations. Cuban said FCC Chairman Tom Wheeler has changed his position on net neutrality from his original stance in 2010, when the […] 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 »
To help you understand how subscribing to Intelligence Report has enriched my life, I must tell you a brief story. Not too many years ago, my investment strategy was, I'd say, emotional and reactive. I began subscribing to a number of financial magazines, which mostly resulted in a lot of junk mail. Back then I invested in what was hot at the time (i.e., tech stocks), having no real understanding.
Well, I'm sure you know how that story ended. When everything tanked, I followed the crowd…selling willy-nilly. One day, after I decided I'd had enough of investing, I got what I thought was yet another piece of (finance) junk mail and was just about to tear it up when a sentence or two caught my attention. I thought to myself, don't buy another magazine—but this one was different.
I became so enthralled by what I was reading that I read the entire thing. Well, I did order it—the Richard Young Intelligence Report. At the time I had about 13g savings/investment (that was a few years ago). Since then, I became an avid subscriber looking forward to and enjoying every monthly report. Love Dick's straightforward, open talk, and of course, his sense of humor.
Today, I've grown my regular savings/investments including IRA to close to about 90s. And you know what, I don't make a lot of money, but I used Dick's writings and expanded my thinking to not only invest but evaluate my financial picture. I still have a ways to go, but I challenge myself regularly to learn more and do better regarding my finances and understanding finance.
I really like Dick's straightforward style/talk. It's interesting, informative, humorous. And he provides so much info in other areas, such as personal safety. Who knew a pencil could be used as a serious personal safety tool? I enjoy hearing about him and his wife's trips on their Harleys and feedback they get from people while on trips. Love hearing his music-related updates.