Last week saw First Republic Bancorp’s shares drop anew, as the company reported a drop in depositors. Going into the weekend, the 14th largest bank appeared to be moving towards being closed by the FDIC, unless it can find a buyer soon.
Markets have largely shrugged off the bank’s failure, but it’s clear that the banking system is in a crisis. Many banks invested in Treasury bonds, which now are underwater as interest rates have jumped higher in the past year. This mismatch between assets and liabilities could hit more regional banks in the weeks and months ahead.
Traders may want to look at opportunities with banks – both those to buy as a value play and those to buy put options against. Longer-term investors may want to look for value plays, but also consider using a crisis to buy one of the “too big to fail” names for a rebound when the crisis ends.
Now here’s the rest of the news:
This Coming Financial Crisis Is Different, but Gold Is the Same as Ever
Stansberry Research’s George Gammon has detailed the imminent financial crisis. One of the primary assertions he makes is that the crisis is going to… [Read Here]
May 01, 2022
Today in Newfoundland!
May 01, 2021
#1 Question to Ask Yourself
Ambivalence. It’s a big word with even bigger meaning. Surely you’ve felt it before. It’s that feeling of internal conflict that you sense when you have mixed emotions about a decision – or indecision. It’s that gut-wrenching feeling when you don’t follow your gut instinct – even though you know you should.
There are many reasons why you might experience ambivalence – the simultaneous and contradictory attitudes or feelings toward an object, person, or action – and tuning into this dysergy can pay huge dividends toward achieving our most important goals and priorities.
To better understand this, you simply need to take a page out of the great Zig Ziglar’s book and ask yourself the following question:
Will what I’m about to do bring me closer to or take me further away from my goals?
This crucial question helps you do two key things. First, you’ll need to honestly and clearly establish your most important goal and priorities. In other words, you need to know what’s truly important to you. Secondly, it will help you objectively assess whether your current actions, attitudes, and behaviors align with that.
In the end, EVERY decision (or indecision, which is actually a decision in and of itself) has an opportunity cost. If you do one thing, you’re not doing something else, and vice versa. You can literally apply this question to every aspect of your life – your health, your relationships, your work, your family, you name it. Take for example…
- Does buying clothes you don’t need (with money you don’t have) helping you get out of debt? Probably not.
- Does taking a walk after dinner (instead of plopping down on the couch) help you lose those 10 pesky pounds? Probably so.
- Does checking your email every 5 minutes help you get started on that presentation, blog post, or project that you’ve been holding off? Probably not.
- Does thumbing through Facebook (instead of getting on the floor and playing with your child) enhance your relationship with your family? Nope.
- Does going to bed 30 minutes earlier allow you to get up 15 – 30 minutes earlier (before chaos sets in) so you can work on your top priority? Yep.
- Does lifting others up with genuine compliments (instead of gossiping behind their backs) help you become a more positive person? Absolutely.
- Does practicing gratitude (instead of focusing on what you don’t have) help put you in a better mood and give you more energy? Without a doubt.
I think you get the picture. Next time you’re feeling that sense of internal conflict, take the one-question survey: Is this behavior, activity, or attitude bringing me closer to or further from the person I want to be?
To the BEST you,
Change That Up
May 01, 2020
Gold Prices Going to “Pop” to $2,700 … Easily
“Despite a weakened economy, stocks continue to rise on the back of monetary stimulus,
which is bound to push gold prices even higher.” —Frank Holmes
“There’s no harm in holding cash, as long as your bank isn’t charging you to do so, which is probably coming down the road, so be prepared!” —Dennis Miller
Now is a good time for investors to be scared — one reason is that there’s general agreement we’re in a recession … as economists rarely agree on anything.
Just last year, Federal Reserve Chair Jerome Powell claimed the skyrocketing U.S. debt was a matter that must be addressed soon. So then why — as the debt hurtles towards $25 trillion — is he now saying that it’s nothing to worry about? And what are the implications for your savings?
“No American will be spared from impending public pension bailouts.”
The genie is not going back in the bottle!
May 01, 2018
- Everyone has habits
- Habits dictate what we do
May 01, 2017
Dad, I miss you so very, very much!
Yes, my dad always said, “SON, all good things come to an end…”
He’s got a good point. Ever notice super successful people never take a long time to make a decision. They would rather have their decision be wrong than take forever to make it.