2019 Principals for Successful Long-Term Investing:
Samantha Azzarello discusses the seven key investment principles that you can use to help your clients meet their long-term investing goals:
1. Plan on living for a long time and save more for it.
2. Cash is not always king, even when, like now, a lot of people are relying on it.
3. Harness the power of dividends and compounding. Investing in risk assets – and reinvesting dividends – can be powerful moves.
4. Avoid emotional biases by sticking to a plan. Don’t let biases – home-country or otherwise – sway your better judgment.
5. Volatility is normal; don’t let it derail you. See through the noise.
6. Diversification works. Time and again, diversification serves its purpose.
7. Staying invested matters. It’s always darkest before the dawn…
Book Interview: The Myth of Capitalism – Monopolies and the Death of Competition (Reprise)
Fed Can’t Get Out – Buy Gold Now – Jim Rickards
By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
Four time best-selling author Jim Rickards says the Fed “throwing in the towel” on rate hikes is signaling a big problem for the economy. Rickards says, “The Fed was tightening to get ready for the next recession. . . . You need to cut interest rates somewhere between 4% and 5% to get out of a recession. How do you cut interest rates 4% if you are only at 2.25%? The answer is you can’t. You have to get to 4% before you can cut 4%, and that’s what the Fed was trying to do. . . . How do you raise rates in weakness to get ready for the next recession without causing the next recession that you are preparing to cure? That was the conundrum. I never thought they would get it right . . . and, as of now, it looks like they didn’t get it right. Meaning, they tightened so much to get ready for the next recession they slowed the economy.”
Jeff Snider: Eurodollar System Overview
Erik Townsend and Patrick Ceresna welcome Jeff Snider to MacroVoices. Erik and Jeff discuss the history of Eurodollar, Eurodollar as global reserve currency, and how the global economy and the global financial system depend on the Eurodollar system. They also discuss the breakdown of Eurodollar system, the Great Global Monetary Crisis and the effect the Eurodollar squeeze has on the global system.