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05-MAY 31-2023

Good morning.
A recent poll showed that stocks are only the third-best long-term investment.  By and large, Americans favour real estate.  Given how owning one’s home and paying down a mortgage over time while prices increase can lead to a major chunk of one’s wealth, that’s no surprise.
But the new second place, topping stocks, is gold.  The metal has been a strong performer this century, rising from a low under $400 in 2000 to near the $2,000 mark today.  There’s certainly a case for owning a small percentage of gold in any investment portfolio.  But over time, owning a basket of stocks and reinvesting the dividend will lead to not only bigger returns, but cash flows as well.
With this recent rising interest in gold, however, traders and investors may want to consider buying the major gold mining stocks when they have one of their periodic selloffs to play a bounce higher.

Now here’s the rest of the news:

May 31, 2022

Butt HeadsGood morning.
The Biden Administration is finalizing plans to cancel $10,000 in student loan debt per borrower.  While some would prefer to see all student loan debt cancelled, the real question is – what happens to the debt?  Someone lent out the money, and they likely want to be repaid.
In short, to cancel this debt on the part of a student, it will simply be transferred to the government’s books.  Those who see the measure as vote-buying ahead of the midterm elections are right.  The additional government debt, at a time when interest rates are rising, could weigh against any economic expansion in the coming months.
However, in the short-term, it may free up some spending ability by some consumers, which may help fuel the market rebound from its recent drop into bear territory.  But longer-term, it’s a reason to remain cautious.

Now here’s the rest of the news:

2 Reasons Why Most Americans Are $9,000 Poorer This Year
Saving for retirement makes your golden years less stressful, right?  Not always.  According to a new report from Northwestern Mutual, on our savings dropped by… [Read Here]

“If You’re So Smart, Why Aren’t I Rich?”
This week I want to explain some market dynamics behind moves like this, especially gold and silver’s price.  With most assets, it’s easy to figure out what’s driving prices.  But if… [Read Here]

May 31, 2021

Have Fun, Wear Your Mask, Stay SafeGood morning, and Happy Memorial Day.
The market returns of the past few years have been driven by a handful of big tech names.  Sporting strong growth and high profit margins, they’re also dominating retirement accounts via funds that purchase stocks based on their market cap.
This big-tech trade was starting to look out of favor in the past few weeks, and being written off as dead.  Any time an investment is being touted as dead may be a good time to look at allocating some capital to the trade.  Sure enough, as some of the last big-name tech firms started to report earnings, the space has turned around.

Now here’s the rest of the news:

Fed Drains $351 Billion in Liquidity from Market via Reverse Repos, as Banking System Creaks under Mountain of Reserves –Wolf Richter,Wolf Street
This is the first time that I have seen Wall Street banks clamoring for the Fed to back off as the banking system is creaking and straining under the huge pile of reserves… [Read Here]

May 31, 2020

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy!

Describe the beauty!!!   Boats in the town of Ferryland, Newfoundland

May 31, 2019

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May 31, 2018

“What you can create will absolutely astound you, but you have to start now.” —Marie Forleo

May 31, 2017

Working-without-the-internetMost people quit the moment they experience disappointment.  “IT” can be anything… a marriage, a debt, a new job, a puppy … anything!
It’s a test to see if you will stay in the game and persevere.
Very few people stick around until they get it right.
In fact, the ONLY difference between you and the leaders in your industry is that they have done more calls than you, talked to more prospects than you, practiced more than you and endured in the game longer than you.

You must become obsessed with sharpening the AX in the areas that you need to get better at.

REW

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Come From Aways, Do You?

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