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Oil up again! Foreign Currencies Skyrocketing! Money Update October 18, 2009
Marc's Notes:
Oil skyrocketed even higher this week while Natural Gas, Gold, Silver and other commodities languished in mediocrity. Why oil is raging higher yet these other commodities are not is a little baffling but mostly has to do with supplies and a FALLING US dollar. Have you checked out the Swiss Franc, Canadian Loonie, Japanese Yen or Aussie Dollar lately?
Wow, talk about a ride. Those holding these currency funds per our suggestions are really making some good gains here and these gains are offsetting the loss in your home currency, the US Dollar. Meanwhile the Dow is flirting again with 10,000. Keep in mind in 9 years the Dow was much higher and now DOWN from a high of around 14,000. This is a lost decade worth of WORTHLESS advice from your “advisor” to buy and hold. What the hell do they know! 9 years of nothing? Couple that with the loss of the US dollar in purchasing power and most investors are looking at real losses in their stock accounts of over 35 % or more. Doesn’t sound like a good strategy to me. Truth is “buy and hold” never did work, never could work and doesn’t work, because if it doesn’t work in DOWN markets, it doesn’t work. Period. For you to hold a basket full a mutual funds is worthless advice and if you believe in that strategy, you might as well buy a Russell 5000 index and save your fees to your advisor. True diversification is what we offer in our Dream Portfolio, and at $29.00, I mean really, what am I missing here?
How much do YOU pay your advisor or firm to handle your money every YEAR?
Probably in the thousands. Most people I meet with don’t even know what they pay. Like I said, money has a unique property. If you don’t understand it, it will FLEE your vicinity and go to people that do understand it.
Managing your money is not that hard, takes about a 3 hour lesson with me or on your own, then about 2 to 4 hours a year. That’s it. So stop paying your had earned money to an advisor to place you mindlessly in a handful of mutual funds. That’s not diversified, and very dangerous in my opinion, and will set you up for more losses down the road. Many of these advisors take this newsletter and use it on their clients. Don’t pay THEM when you can do YOURSELF and do a better job to boot.
This is still FALL and FALL is the time for market FALLS. Many indicators point to a correction possibility and a nasty one at that. No one can guarantee which way markets will go and I won’t do it either, but you must prepare for market movements in either direction and still be able to make money either way it goes. Sounds complicated but isn’t.
Right now company insiders are selling stock at a rate to about 30 sells to every buy. A bad sign. Market volume is declining on up days, a bad sign. Economic fundamentals are not improving EXCEPT those funded by taxpayer money. A bad sign, and the market just rallied an historical 40 % thereabouts.
Your news media is a shill of the banking system and government so you cannot believe them. Your government lies about the real state of the economy so you can’t believe them.
Your advisors and firms make money when you buy and sell and stay IN the market so you can’t believe them. You therefore have to do it yourself or they will take your money, pure and simple.
Read fiancialsense.com, fiendbear.com, moneyandmarkets.com, the Rude Awakening, the Daily Reckoning and our news letter, the Money Matters Update. All are FREE.
Listen to the past Money Matters shows.
In this way you can better understand the fundamentals of money and the markets. Believe me, it is NOT THAT HARD.
Upcoming Show:
2 Hours Money Matters this Thursday at noon PST. October 22, 2009.
I will read my holdings OVER THE AIR. Find out what I hold. No cds or transcripts will be available so you must listen live.
This is a membership drive show so I look forward to each and everyone of you helping to support your community radio station, KVMR. If the station has helped you, entertained you, please step forward, and if the show Money Matters has helped you or educated you, then step forward and help us help you.
We need your support. And don’t forget, I will be reading my personal holdings on the air for all to hear.
For your support, you can get past shows, get a subscription to the website MONEYMANAGEMENTRADIO.COM and also set up a 3 hour personal consultation with me. 50 ounces of silver and one ounce gold will also be available. That’s this Thursday at noon to 2:00 pm PST. Can't get reception where you live? Go to the site and press on KVMR’s link.
Join me for morning Yoga:
Join me for a meet and greet the day before the show, this Wednesday, October 21st,2009 8.15 am. You can take a free YOGA class with me at Shuniaa Studio, across from the Nevada City Courthouse, 212 Church Street in Nevada City; I will be there around 8:00 am with my coffee in their garden to talk, then into class at 8:30 am to 10:00 am. Dress ready to stretch, and remember, if this if your first class there, it is FREE!
All for now,
Marc
Oil skyrocketed even higher this week while Natural Gas, Gold, Silver and other commodities languished in mediocrity. Why oil is raging higher yet these other commodities are not is a little baffling but mostly has to do with supplies and a FALLING US dollar. Have you checked out the Swiss Franc, Canadian Loonie, Japanese Yen or Aussie Dollar lately?
Wow, talk about a ride. Those holding these currency funds per our suggestions are really making some good gains here and these gains are offsetting the loss in your home currency, the US Dollar. Meanwhile the Dow is flirting again with 10,000. Keep in mind in 9 years the Dow was much higher and now DOWN from a high of around 14,000. This is a lost decade worth of WORTHLESS advice from your “advisor” to buy and hold. What the hell do they know! 9 years of nothing? Couple that with the loss of the US dollar in purchasing power and most investors are looking at real losses in their stock accounts of over 35 % or more. Doesn’t sound like a good strategy to me. Truth is “buy and hold” never did work, never could work and doesn’t work, because if it doesn’t work in DOWN markets, it doesn’t work. Period. For you to hold a basket full a mutual funds is worthless advice and if you believe in that strategy, you might as well buy a Russell 5000 index and save your fees to your advisor. True diversification is what we offer in our Dream Portfolio, and at $29.00, I mean really, what am I missing here?
How much do YOU pay your advisor or firm to handle your money every YEAR?
Probably in the thousands. Most people I meet with don’t even know what they pay. Like I said, money has a unique property. If you don’t understand it, it will FLEE your vicinity and go to people that do understand it.
Managing your money is not that hard, takes about a 3 hour lesson with me or on your own, then about 2 to 4 hours a year. That’s it. So stop paying your had earned money to an advisor to place you mindlessly in a handful of mutual funds. That’s not diversified, and very dangerous in my opinion, and will set you up for more losses down the road. Many of these advisors take this newsletter and use it on their clients. Don’t pay THEM when you can do YOURSELF and do a better job to boot.
This is still FALL and FALL is the time for market FALLS. Many indicators point to a correction possibility and a nasty one at that. No one can guarantee which way markets will go and I won’t do it either, but you must prepare for market movements in either direction and still be able to make money either way it goes. Sounds complicated but isn’t.
Right now company insiders are selling stock at a rate to about 30 sells to every buy. A bad sign. Market volume is declining on up days, a bad sign. Economic fundamentals are not improving EXCEPT those funded by taxpayer money. A bad sign, and the market just rallied an historical 40 % thereabouts.
Your news media is a shill of the banking system and government so you cannot believe them. Your government lies about the real state of the economy so you can’t believe them.
Your advisors and firms make money when you buy and sell and stay IN the market so you can’t believe them. You therefore have to do it yourself or they will take your money, pure and simple.
Read fiancialsense.com, fiendbear.com, moneyandmarkets.com, the Rude Awakening, the Daily Reckoning and our news letter, the Money Matters Update. All are FREE.
Listen to the past Money Matters shows.
In this way you can better understand the fundamentals of money and the markets. Believe me, it is NOT THAT HARD.
Upcoming Show:
2 Hours Money Matters this Thursday at noon PST. October 22, 2009.
I will read my holdings OVER THE AIR. Find out what I hold. No cds or transcripts will be available so you must listen live.
This is a membership drive show so I look forward to each and everyone of you helping to support your community radio station, KVMR. If the station has helped you, entertained you, please step forward, and if the show Money Matters has helped you or educated you, then step forward and help us help you.
We need your support. And don’t forget, I will be reading my personal holdings on the air for all to hear.
For your support, you can get past shows, get a subscription to the website MONEYMANAGEMENTRADIO.COM and also set up a 3 hour personal consultation with me. 50 ounces of silver and one ounce gold will also be available. That’s this Thursday at noon to 2:00 pm PST. Can't get reception where you live? Go to the site and press on KVMR’s link.
Join me for morning Yoga:
Join me for a meet and greet the day before the show, this Wednesday, October 21st,2009 8.15 am. You can take a free YOGA class with me at Shuniaa Studio, across from the Nevada City Courthouse, 212 Church Street in Nevada City; I will be there around 8:00 am with my coffee in their garden to talk, then into class at 8:30 am to 10:00 am. Dress ready to stretch, and remember, if this if your first class there, it is FREE!
All for now,
Marc
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