We’re holding an emergency video briefing at noon on Thursday, and with the market now sinking rapidly, it couldn’t be more urgent. So if you’d like to join us online, you’d better register now.
What’s most astounding about the market decline is this: It’s happening despite the greatest outpouring of government money in history.
Indeed, just in his first month in office, President Obama has quickly earned the distinction of becoming the single biggest spender in history.
First, he got Congress to pass a $787 billion stimulus package …
Next, Treasury Secretary Timothy Geithner unveiled the administration’s bank bailout plan, which could cost up to $3 trillion.
And last week, Mr. Obama rolled out his $275 billion anti-foreclosure plan.
Add it all up, and it comes to more than $4 trillion, an amount nearly ten times larger than the budget deficit for all of 2008. All in just 32, short days!
Four trillion is such an immense number that few people can grasp how massive the implications really are — both in terms of the great magnitude of disease and the massive unintended consequences of any cure.
Look at it this way: If you were a very rich man living at the time of Christ … and you could have started saving $1 billion per year every year thereafter, you’d still be only half way there! You’d need still another 2000 years to finance what Obama has committed to spending in just the one month since he began his presidency.
If you could borrow $4 trillion at 6% interest, your interest payments alone would be $240 billion per year, $548 million per day, $761,000 per second.
Without a doubt, the $4 trillion makes Obama the single most profligate spender in history — bar none.
But the truly sad side of this story is that, even this unprecedented Mt. Everest of money isn’t doing much for the stock market.
Last year, for example, each time the Bush Administration announced relatively smaller stimulus plans and bailouts, the stock market would at least stage a temporary rally. But this year, the market has developed a very serious case of stimulus fatigue: Instead of rallies, each new announcement triggers further sell-offs.
Why? Because investors are smarter than Washington. They know full well that this crisis is far too large to be ended by any one government or even all the governments in the world.
Investors realize that all the king’s horses and all the king’s men cannotput our economy together again.
That’s why, despite $4 trillion in new spending schemes and guarantees, the Dow has plunged to new, 6-year lows.
It’s why every stock index in Asia and Europe has also cratered in unison.
It’s why gold — the world’s crisis hedge of last resort — has once again shot for the moon; hitting $1,000 per ounce on Friday.
And it’s also why even the perennially optimistic Ben Bernanke has discarded his rose-colored glasses, admitting in the latest release of the FOMC minutes that there will be no recovery in 2009.
It’s clear that this bear market will be the single most important driving force for us investors for many months to come. And it’s equally clear that following bull market rules is begging for a beating.
That’s why, this coming Thursday, we are holding an emergency video briefing on …
THE 11 LAWS OF BEAR MARKET SUCCESS
How To Prudently Grow Your Wealth
Even When Others Are Losing Everything
In this fast-paced, one-hour, online video briefing at noon next Thursday, February 26, 2009, I’ll bring you quickly up to date with the latest dramatic changes that pose grave new risks — and open great new opportunities — for every dollar you have invested, including …
The Washington Bailout Disasters: How and when the new stimulus and bank rescue packages will backfire, plus what you must do now to protect your wealth and your family.
Wall Street Treachery: How big mutual funds, financial planners and Wall Street brokers have dumped pure garbage into your portfolio.
Main Street Sabotage: Why many of the investments they tell you are “safe” — “too-big to fail” banks, “insured” municipal bonds, and junk bonds masquerading as quality bonds — are little more than ticking time-bombs set to blow your portfolio apart at virtually any moment.
Bomb Disposal 101: How to quickly spot and get rid of the landmines concealed in your portfolio.
Bear Market Bonanzas: Precisely how this bear market gives you hundreds of opportunities to make money more quickly than virtually any bull market. Six types of investments that make that possible immediately.
The 11 Laws of Bear Market Success: My 11-point checklist for making money in times like these — the rules I follow to determine what I’ll buy or sell, to improve my timing, to lower my risk, and to boost the profit potential in all markets.
This must-attend briefing is FREE
and registering takes only seconds …
Just click this link to tell me you’re coming and to make sure we can get you the instructions for attending.
And when you’ve reserved your place, please come right back and post a comment to tell me the one thing I can do for you at this event that will help you most!
Good luck and God bless!
Martin
{ 177 comments… read them below or add one }
I’d like to be there on Thursday but can’t. Can I read it somewhere?
I was very active in the real estate business. Especulating, basically, to put it simple. I tried to follow certain rules (like switching from luxury properties to entry level new properties, purchased at almost reposition cost, planning for a 2/3 yr “debacle” and so on). Nothing was enough. By that, you can imagine that someday, money wasn’t enough to keep all the mortgages going on. Have I been a beneficiary of any of the “bailouts”. No. Do I expect or have expected a “socialist” hand on it? No. All my mortgage applications were truethfully and declared what the loan was for. All the properties purchased had large (20-40%) down payments not coming from previous refininting, but from taxable profits out of previous real estate businesses.
There are certain rules that have not been followed, that impede the market to take their own correction path, like:
a Most (banks and funds heading it) have not been forced to mark their portfolio to real market value. Some of my mortgages are worth far bellow face value.
b Beneficiaries of bailouts (like banks, concept -the banking concept-which I love and wait to come back) keep receiving loans that are really equity funds, letting them keep their book with false figures, “alive” -like dead men walking-
c By that way, don’t forcing them to negotiate with the debtors in what they’ve had to do in normal conditions. If I am not worhted of more confidence, just taking out my properties, if I am a better solution than taking the house out of my hands dealing with me, etc.
If this keeps this way, maybe “everybody” keeps “dreaming” than everything is almost all right with the next goverment solution. And will keep going down, step by step, until the massiveness of the “lie” erases everything and a new reality appears from the ashes of what use to be the economy.
If I get any benefit on all this? Yes. If they keep the pattern and I am able to “survive” at least partially, the real value of the money by any real standard would be that low that the mortgage will be payable. But that will be at the expense of the honest cash depositors and investors, who’d have losten the value of their money.
I prefer that me and everybody goes by the rules of “engagement” we had when dealing in the open market and are forced by the authorities to work straight and truethfully.
best regards,
juan franco
Saying doom and gloom senerios is not helping the economy, and eventually the market WILL correct itself. To what level, is unknown but I would guess that the multiple of what companies are worth will be much less than before. If you disagree please tell me why.Also, how long are people going to stay with stocks, or will they change to Forex, gold or something else?
Thanks
D
[1] Use your influence to get the SEC to reimpose the short selling up-tick rule on ALL short selling, even that effected by stock lending.
[2] Use your influence to get the SEC to limit the amount of stock that can be short sold to 15% of issued shares.
[3] Use your influence to get the SEC to make any short sales reportable and printed daily on the internet.
Martin
I have dial-up internet. When I try to watch your video they don’t come thru very good, they take hours to watch. If you could send a transcript to those who have dial-up would be very helpful. Sometimes I get e-mails notices about transcripts later.
God bless jacob
Is Gold seeing a bubble asset at $1000 per ounce and due for a huge fall back to $300 or is it in the early stages of a bull market that will bring it to well over $2000 per ounce over the next few years, say by 2012?
Hi there,
I am likely confusing a couple of concepts but am wondering if there is a conflict in the advice of Peter Shiff who seems to say get out of US dollar investments and recent email commentaries in which your commentator feels the US will be the best swimmer.
Can you sort me out on that please?
Jol
I have about $100,000 in a Tax Sheltered Annuity account in AIG/VALIC. Is this a safe place? Or, should I take a tax hit and move what I can elsewhere?
What can I do if I am out of town and can not attend this thurs.?
What will be the effect, with down turn of the economy, on food supply commodities?
PLEASE TELL ME IF BUYING GOLD OR SILVER COINS IS THE WAY TO GO? THANK YOU
Question 1:
As an owner of 2 homes with one completely paid off and the other with a 15 yr mortgage, I would like to borrow money (30 yr morgage) on our paid home and pay off our other home’s present loan. Is this possible in todays economy and what would be the quickest and best way to go about doing this? We want to do this with our paid off house, because the house with the loan has been for sale and we would have to take it off the market for 6 months before we could refinance it. It would not be a jumbo loan.
Question 2:
What is the story on student loans for kids with parents who make over $150,000/yr? Can they get the students loans through the stimulus pkg that have no interest for the first 5 years and credits? What is the maximum amount that can be borrowed? Where would I look to get information on these student loans?
Please address the safety of Credit Unions..
Is our money really worthless?
I am a poor person and have only $1,000.00 to invest. What can I do to protect myself if anything?
Martin, in the past, you have provided a list of brokerage firms with good capitalization to help us protect ourselves. That list does not contain the likes of UBS, is because they are swiss?. Can you as part of this effort help us understand where we can check information for this type of firms?
can you tell me that we will get out of this horrible mess one day ?
thank you,
joe pietrocatelli
Do you think the sudden unusual surge of gold price is a type of inflating of bubble which are triggered by smart money, speculators and Hedge funds etc rather than due to fundamental reasons?
According to the press, fiscal spending will only be implemented over a period of 3 years or more to help the economy to recover. Is it premature for Gold price to rise sharply now since liquidity and actual fiscal spending spree will only take place over a longer time horizon instead of immediately?
Edward
If this is true, how soon will the bubble burst?
Dear Martin,
Please show us a way to make some profit during this bear market…….
August (The Netherlands)
Martin,
Should I leave my money in Smith Barney as they are part of Citi Group ?
Hi,
I’m traveling by air between 11:00 am – 4:30 PM on Thursday. Are you going to post the seminar proceeding on your internet site? Please advise.
Regards,
Tibor Sipos, Ph.D.
My “401K” has turned into a “104K”, partly because I rolled over the two accounts that were completely vested into a Scottrade account, and partly because they have declined so much in value.
I still owe several thousand dollars in fees before I can take out my Ameriprise variable annuity IRA accounts. I rolled them into IRA accounts in 2008.
How can I determine whether I would be better off just paying the fees and moving the money to another IRA account, or leaving the money there and waiting for better times?
In your Thurs. webcast, I would love to see you address whether you think one should refinance one’s mortgage now, wait a bit because rates are probably going lower, or if you think they will probably be going sideways for a while now. Thanks, Dan
I appreciate that Martin does not influence opinions of some of his associates such as Mr. Edelson and Mr. Crooks. I would like him to try and “tie” the following together for all of us subscribers to the different subscriptions:
Martin stated get out of everything now.
Mr. Crooks (World Currency Options) states the dollar is in a mini bull market and locked in tandem with gold while the equities are collapsing, but sees our dollar and equities leading the world out of this mess.
Mr. Edelson has stated maintain 25% position in gold and remainder in cash, while Martin states only 2.5% in gold and rest in cash.
All three of you appear to be correct, however, I would like to coordinate my market plays with the proper timing and not have conflicting investments. Please tie these recos together in a logical manner.
Would it be wise to take your money out of savings and get cash, bundle it up and put it in a safety deposit box???? You would not earn any interest or income, but you would have what you have left.
I do not know if any one else is wondering or not, But I am hearing about puting banks under federal control. I would like very much to know just what that means, Just what effect that is going to have on us individuals? Would appreciate your comments on it in Money & Markets
Be careful! These are the trickest of times. This is NOT the time to be fully invested.
Make sure the advice you are getting is keeping you ” on the right road to financial security.
investments for retired limited income 5000 or less, not as risky as currency. mutual funds in gold and silver , commodieties mutual fuds etc. with only a small amount available to begin with as seed money like your dad began with, who can you contact thats trustworthy. weiss capitol management requires a large sum of money to qualify for their services. how about creating an investment service like weiss investment for the little guy with limited funds.
I look forward to attending your video conference.
Hi Martin,
I have been an avid reader of Money & Markets for several years now and appreciate very much what you are trying to do, Most of the advise you give seems to be US specific and i understand why but i think a growing number of people subscribing looking for help and guidance live out side of the US and i was wondering if it would be possible for you to include some general info about the consequences of this crises on economies around the globe. the picture i have of you from listening to what you said over the years is that of some one who cares about the prosperity of people regardless of where they come from so even if it is not possible i would still like to thank you and your team for the efforts they are making.
Ian Tate London UK
I am a Christian single working mom with a handicapped adult child living with me. I went through a divorce. I cannot retire because my child needs support. My financial advisor at Ameriprise wants me in bonds. I refuse to go there. I do not have a large amount of money to invest and so your company is not interested in me. The nuts and bolts of investing eludes me. I thought maybe currency investments might be good, but have no idea of how to go from Ameriprise to something else. Where should I start?
Thank you and God bess you back!
Sally
Dear Mr. Weiss,
I would like to know how to:
- At least partially hedge against the falling value of my $300,00 house that I lived inside with a model using inverse ETF or any other financial tools.
- Do you have any canadian edition of the Save Money report ?
Thank you!
Tri Tai Trinh P. Eng.
Dear Martin:
I used to watch you on Wall Street Week when you were young, and I’ve always appreciated how you’re always concerned with the “little guy.” But instead of taking a chance on various bear market investment “opportunities”, isn’t it better to just buy gold and silver via the ETFs, as urged by Larry Edelson and Sean Brodrick?
Martin,
I really appreciate your foresight and insight. You’ve been way ahead of the curve these last few years. The one thing I don’t understand, though, is your forecast for gold to go down with every other asset in the deflation spiral. The difference between gold, and to a lesser degree silver, and every other asset is that it is real money. With these trillions of dollars being thrown around, I think gold will have to soon take its rightful place in our society and economy, and people are maybe now just starting to realize that. The only thing that I could see keeping this from happening would be heavy handed government measures (ie. outlawing private ownership of gold, establishing a cashless society, etc.)
Thanks for all you do,
John Gronseth
Dear Martin
I would like to trade in ETF’S. through you. It’s knowing what to buy !
Are there any problems from the UK.
Over here . we are in the same sludge bucket as yourselves. National debt at present is
£2.2 trillion. sterling. £36000 for every man woman & child. This is according to the director of the ADAM SMITH INSTITUTE. Then there is all the cost of new schools hospitals network rail civil servants pensions plus the state pensions There will be many retiring over the next two years aft second world war baby boom All in all it comes to a grand total of £275,500 per household Twice the official figures . It will take 19 years , all of us living on porridge to pay that off.
Many thanks for your extremely interesting emails .
Yours sincerely
Ian Widdows
Martin,
I am fairly new member of your subscription and must say – it’s great! I always look forward to your daily reports – whether I am in the US or traveling abroad.
I have a question about ultra inverse ETF SRS. I am investing in this ETF for some time and it was fairly well correl(ed with the economic news… Before january, 2009. I hold SRS on my IRA accounts (purchased at 94dollars per share). Just like you state in your reports, I don’t see any solid reasons yet for real estate recovery… Banking system is in deep trouble, unemployment is high and growing, prices are plummeting, etc. However, SRS is not reacting to all the gloomy news anymore… It’s fairly flat…
Could you please share your opinion about future of real estate and SRS specifically (if possible).
Thank you and Best,
Millen
Martin, the number $761,000 per second does not pencil out for me.
HI MARTIN,
WHAT ARE THE PROSPECTS FOR ULTRA SHORT CONSUMER SERVICES PROSHARES (SCC)? PEOPLE ARE LOSING JOBS LEFT AND RIGHT BUT CONSUMER SPENDING SEEMS STEADY.
MANY THANKS,
PAUL
I think that the American Investor is scared to invest in wall street account of Madoff and Stanford affiliation and theft of peoples funds. Who will be the next thief to be revealed?
I am looking to get out of my lease this year and into a primary residence. The hard part is knowing how to negotiate a fair price.There are still people out there who think thier homes have not declined in value,but thiere listings have been on the market for many months now.
Is there a formula for figuring out what is fair and maybe building in some safty?
I think home prices are going at least 10%(conservative) lower this year.
1)You have recommended putting cash into treasury-only MMF and provided a list of where to get them. In calling approximately 7 of the institutions on the list, only 2 of the persons responsible for providing information knew what I was talking about. That does not give me much confidence in dealing with such an institutions, additionally the treasury-only MMF’s paid from 0% to almost nothing. It seems we loose by greedy wallstreet having negligently played with our investments, or lose by our money being eroded by inflation. Either way we are loosing our money. How is that protecting our assets? I’m very concerned.
2)Since i read that the rand is down against the dollar and there are travel bargains aplenty, if the rest of the world is in as much trouble as we are, how is investing abroad a protectionary measure?
Dr. Weiss,
I have followed your successful stock market predictions with amazement. You have been correct about the stock market. However, I suspect you are so close to the market that you, like many others, confuse the stock market with real life. Yes, Barack Obama has requested and gotten billions and trillions, but it is only the response we expect of a leader addressing the devastating conditions he has inherited from the last thirty years of virtually unbridled “Free Enterprise Capitalism”. As I suspected then and continue to suspect, Wall Street is run by insiders who play fast and loose with all the money entrusted to them. The last thirty years should prove beyond a shadow of a doubt that Capitalism, left to its own devices, is doomed to failure. My guess is that free enterprise and capitalism can only succeed if heavily regulated by people who do not trust businessmen or capitalists.
I think Mother Earth is tired of our excess and needs a rest from our attempts to consume everything Mother provides. We need to halt the building, halt the drilling, halt the pollution, halt the overconsumption and allow Mother to recover. As she does, we should attempt to use every brain cell we have on earth to find a way to not repeat this process. What is required is more education, more caring for others, more regulation to prevent the narrow and intensely focused efforts to turn a “profit” at the excessively high cost to our future.
Recently, I heard Bobby Kennedy, Jr. say that most of these polluters and capitalists make huge profits by passing the true costs of doing business to all of society. I believe Barack Obama sees the “true cost” of doing business in this manner and has an intense desire to change our direction.
You have labeled the President the biggest spender in history, but if you remember that these deficits he is addressing are the deficits accumulated from all the polluting, stealing, wasting, unnecessary wars, corruption and consumption, you must conclude that the deficit spending of earth’s resources has already been done and he is trying to clean up the mess.
First, Sir, I want to thank you for the tremendous work that you do. I look forward to reading your articles each day.
Question: My 401k has few investment options. Assuming my mutual funds are invested in “garbage” as you alluded to you in your notice, would I be better served to simply cash out my 401k and pay the taxes and penalty? Current value is $141k with a loss of approx $46k since the height of the market.
Because this isn’t directly tied to your investment services, perhaps you will not be able to comment, but this would help me and thousands others. No one is discussing this topic openly that I’m aware of.
Again, sir. Thank you for the work you do.
Question: is it better to take my money out of my retirement plan (there IS no Treasury Option–just ’short term bond fund” with The Principal Group, the company my organization uses)…is it better to take my money out of my retirement plan (even though there would be a penalty and taxes) and pay off my debts and then use money to start re-funding my retirement with the money I was paying toward debt? Only this time invest in reverse index funds like RYURX? Because with deflation, (and I just received a 9% pay cut), the cost of nominal debt is going up and income/prices is going down. Wouldn’t it be a better ‘return on investment’ by paying down 11% debt?
Dear Martin
All I can say Thank God for your news letters and put your money in a safe place which I did in Oct 2007.
Being in Australia it makes it difficult to view your reports as it is in the middle of our night. However to post a link on your news letter would be very much appreciated.
Thank you
Regards Ron
1. If inflation will skyrocket soon, and holding physical gold is the best and safest haven, why hasn’t spot gold gone higher?
How can I protect the value of my cash from Government confiscation and from inflation? Most of my assests are in cash.
You have covered this quite well before but AIG and Sunlife of Canada Annuities !
How safe or unsafe ?
Thanks for your help !!!
RRH
Martin — HOW are we supposed to generate a living??? (for those of us already retired and dependent on our portfolios for our income???) Please guide us!!
Hi Martin,
Thanks for your kind offer to ask you in your blog about what would help me most during the upcoming turmoils. I’m pretty well prepared I am just condidering one aspect: why don’t you provide online access for The Treasury Only Weiss Funds? Usually this criteria is a warning sign for a fund (no offense!). I am invested in your funds so I think I have a legimitate right to receive an answer.
Greetings
Hermann
Dear Martin
I subscribed to your news letter and have enjoyed it very much.
I have a degree in Economiics from Boston University.
I am a dial up internet user and i cannot get the Video Presentation.
I feel cheated because you do not provide me with the written concurrent presentation.
Help
Art
How do I find a new bank to use as well as a broker that can be trusted? I am at BOA/Merrill with every dollar we have, I want out to a safer bank/ broker, how do I do it? Thanks, Dave
Please record the Thursday Noon webcast so those of us that have 8-5 jobs can see it.
Dear Dr. Weiss,
Thank you for providing the readers and the international investors worldwide by your opinion and the very important information. I am writing to you from Switzerland and would like to know your opinion about the capital protected structured products with maturities around 3 -5 years issued by well known Swiss Banks specially those giving higher coupons than the current deposit rates,( for example the USD step up notes) and offered to Non US persons. Do you consider them safe or there is a risk of default even by well known Swiss Banks?
Many thanks,
Martin,
My name is William and I’ve been following your news letters since, the later part of 2006. Since, then I’ve watched as everything you and your organization has predicted come to light. Luckily, I had the good sence to heed your warning and rolled my 401k over to “Everbanks” (Gold bullion Markets).
I might not have made any real serious money by doing this as of yet, but atleast I haven’t lost everything.
The reason I write to you now is ….My wife has her 401k at one of the local investing companies here were we live. I’ve been talking to her about rolling it over to the “Weiss Treasury Only Money Market Fund”. We are not what you would call savy investors.
In the present economic situation am I wrong in advising her to move her 401k away from a small brokerage firm?
I share your view that the bear market is not at its bottom yet. But how do I respond to investment advisors who tell me that I will never time the bottom of markets and therefore I must begin taking select positions now or I could miss the big rally that is surely coming?
Martin, would you please discuss in some depth why you think “insured” muni bonds will start defaulting soon, if that’s what you mean by calling them “ticking time bombs.” Except for a decent amount of cash in a Fidelity money market fund, my husband and I, both elderly seniors, live on the income from a large portfolio of long term munis, most formerly insured and rated AAA, and all currently rated at least A on their own merits. Most are GOs and revenues, carefully chosen and laddered over many years and none of the issuers are located in risky coastal areas or, as far as we know, in about to become insolvent communities. If they are all going to start defaulting soon I need to know, as we need every penny of the income they produce to live on.
PS. If muni bond issuers in this country are going to start defaulting, as they didn’t do even in the Great Depression, how will they ever be ever to sell their bonds again?
Hello, For those of us who must work during the time you are doing this briefing, will we have a way of reading on your website what you are saying?
I know that I want to learn what you are going to say, but it is impossible to listen when teaching school. Thank you for your consideration of all of us who just can’t listen in.
Hi Martin!
At least in Latin and latin languages, stimulating the economy means stimulating savings. Why are all the World´s governments doing exactly the opposite? The origin of this crisis, after all, lies in over-consumption.
Regards
Miguel Pereira
Where can I buy “real” gold safely? It seems silly, but I am always afraid of buying a lump of metal painted gold. I have never done it before so I lack of experience.
Your advice to use inverse funds in this falling market has been a blessing—a moneymaker for me.
My concern is: What will be the warning signal to end the use of these inverse funds?
It appears to me that there will be a “critical moment” when these inverse funds will quickly become a great hazard and create dangerous losses.
Please discuss this critical moment.
It seems to me that there is typically a link to another advisory service on nearly every newsletter you send. If I subscribed to every advisory service offered I’d have much less capital left to invest and I’d be overwhelmed with information. I understand that you need to make a living, but some of these seem to offer contradictory advice to yours. Who should I believe? Also, I am still waiting, patiently, for the $2000 course on currency trading. I hope you have invested this money wisely in case I reconsider and request a refund! I have also “learned” that every briefing you offer amounts to an “infomercial” suggesting that I spend more money for more advice. Will the upcoming one on Thursday be any different? Will this one provide “the” answer ?
I have a 401 with no good options and all in cash. Is it ok too wait in cash untill market
starts back up to get into funds. And how will we know when to get back in?
I hope those that register will have access to the briefing later as I have to work. Also, the best “safe” option in my 401k is a stable asset fund which are insurance and investment bank “wraps”. It is not possible to tell what are in these “wraps”. I dont trust them. At least I am getting about 3-4% and to put money into any other choices is a 30-40% loss. In 2010 I understand I can convert to a Roth and have 2 years to pay the tax hit. I will be 59 1/2 in Dec. 2009 and am seroiusly considering withdrawing the 401k in Jan 2010 and taking the hit in 2011 and 2012, if I can wait till Dec. 2009. I assume I can withdraw all of the money at once. Are you still accepting new accounts in the Weiss Treasury only fund when yields are less than fees? Do you have a Roth IRA option? I was concerned about the “swaps in the prospectus. Thanks Mike Crosby
Martin,
I am a very large holder of Uranium mining stocks. They have been beaten down over the last 9 months and are sitting at close to there lows. Even though I am longer term Bullish in Nuclear power and these stocks, I am frozen in place as to sell at these low prices and use the proceeds for other opportunities in the near term. I have been thinking of selling some and putting the proceeds into Gold and Silver shares as a partial hedge.
Also looking at Jack Crooks currency opportunities.
Should I liquidate a portion or all of my current Uranium holdings NOW in view of the current threat to the overall stock market?
I just had a 5.25% CD taken out at Vanguard from a Bank Failure. FDIC insured.
How to know for sure your Broker is safe.
How sure is the grade system’s
Just wondering what your opinion is on gold and silver vs. Gold or Silver ETF’s
I believe I already stated that I would hope there would be a printable copy of your 11 steps, and anything else that could be useful to me, but in printable form.
Also, I am a current subscriber to the SAFE MONEY REPORT and CRISIS OPPORTUNITY ETF TRADER. I especially like the ETF TRADER because of the timely fax I receive which I read immediately and act upon it immediately.
I would be interested in subscribing to other programs providing they also keep me posted with timely fax. I am interested for example in Mr. Crooks CURRENCY program but only if I am kept posted with timely fax.
Please advise me of all programs besides ETF TRADER that keep me posted live with fax.
I will be doing all possible to attend Feb 26th Thursday 12:00 Noon web.
Thank you..
As someone risk averse at age 80, my invesments are almost totally in municipal bonds… what is the future for municipal bonds?
If we were to have a dollar devaluation, what would this do to various assets? I know gold would do well, but what happens to outstanding debts?
Do you think the IRS will allow a tax free distribution of 401k accounts in 2009 to provide cash for individuals to buy items that stimulate the economy?
Martin,
How do you project the gold trend-line for the rest of 2009?
I notice that one broker reccommended shortinging the gold after gold reached the $1000 level
George
Where can I keep tract to see which currency has the tendency togoup or down?
How safe is our cash in a major brokerage? In the near future will the FDIC
have enough funds to cover cash in major banks (BAC)?
Please discuss Treasury bonds – specifically EE Bonds and I Bonds. Why should I sell them now?
Martin:
I hope that you will explain to investors who want to have gold or silver in their portfolios that the ETFs are not the same as holding gold bullion, are by their charter NOT required to hold metals 1:1 with dollars invested, and may allow third parties to hold gold for them, and these are NOT audited. Basically the GLD and SLV are derivatives. An alternative is goldmoney.com, where you can buy gold and silver bullion, that follow London Bullion Market standards, at just a few points over spot, and when you sell, you sell at spot, and the funds are wired to your checking account. You can take delivery via Kitco if you prefer. Of course, their is no substitute for holding some bullion, but having an account also keeps it out of the theft zone at home, and would allow you to fund your checking account from anywhere in the world, and have access to funds on your ATM card within a few days.
I’ve been working the S&P SPRDs for about 3 years using Robert Taylor’s Xyber 9 market forecasting methods.
I am wondering if I would be better off (safer) only placing trades on the down bias forecasts.
Looking forward to your briefing on Thursday
Regards,
Patrick
Hi Martin,
I have a 401K (Vanguard) and lost approx. 30%. it has been moved into a safe fund. Since there are always bear market rally’s and the market is down at November lows is it worth trying to ride on the back of one of these rallys now? If so, how can you tell if we are going to have a 10%, 20% or higher rally?
Thanks,
Hank
Dear Sir.
What do you think is the worlds strongest and most safe currency.
Somthing that will still be around if the us dollar hits the fan.
Whats your opinion on the canadian dollar.
Thanks and keep up yhe good work.
Ron Smith
in your opinion-How bad will it really get and what leadership role to bring to our families.
Martin -
During your video conference coming up on Thursday, could you please speak to how you think gold will perform now and in the future as a potential substitute for holding T-bills as a store of value?
Could you also please give your view of why the US economy in the 1930’s didn’t go hyperinflationary, but stayed stuck in deflation until World War II?
Gold is starting to look attractive again as a possible store of value/investment, but I’m worried that if the US economy (and World economy as well) is in an accelerating deflation, then gold is more likely to decline in price as deflation increases in velocity. Only in the last couple of months has gold come back and even jumped to the $1,000 an ounce level, but I wonder if it’s only because investors are now buying enough gold to offset the increasing deflationary pressure on gold? I’d speculate those investors are thinking that inflation, not deflation, is arround the next corner with all the huge government spending that is occuring. However, it seems to me that once deflation really takes root, it’s like crabgrass, and it becomes extraordinarily difficult to get rid of it. Doesn’t depressionary deflation virtually inocculate the economy against inflation? Didn’t the deflation of the 1930’s kill any prospect for inflation until World War II?
Once deflation really kicked in in the early 1930’s, didn’t gold decline in price along with all the other commodities before FDR made it illegal for American’s to own gold as an investment or store of value? Why did FDR call in all privately held gold at that time?
My theory was that as American’s were hoarding gold in their safe deposit boxes, FDR correctly thought that therefore there would be much less money in circulation in the economy, depriving surviving banks of desperately needed deposits from which to start creating credit again. I beleive that America’s private hoarding of cash and/or gold was an inherently deflationary force on our economy in the 1930’s because it took money out of circulation in the economy; cash that surviving banks and the economy desperately needed if the credit markets were going to rise from the ashes. It seems to me that today, using gold as a store of value investment (Would the government call this hoarding down the road?), would similarly negatively impact our deflationary economy today. Further, it would make sense that the government might soon again outlaw private investment ownership of gold for similar reasons.
Greg Amadon
How do you feel about TIPS as an investment in the current environment? Do you see the rapid global expansion of the money supply leading to a high inflation environment down the road, as Peter Schiff and others are suggesting, and is this something to be addressed in a portfolio now?
I am trying to determine if there is an investment I could make with a safe, but excellent chance for a real return, far above the 0.5 % from my bank.
Should I sell all of my left over mutual equity funds NOW, and start investing per your news conference on Feb 26th!!!! or still keep holding on the equity funds as they have already gone down by 50% – hoping for next year to catch up the lost ground????
Martin I am living on a small disability pension, and 59 years of age, luckily I have no dependents. One of the pleasures I have is online trading through my Canadian brokerage Questrade which keeps costs down to $4.95 per trade, maybe 5-10 trades per month. Needless to say I’ve lost around 50% of $40,000 I had over the last year, I do not use Options as I’m not able to grasp the complexities.
What I’m most concerned with is trying to achieve some good winners in the 6 years I have left in my disability payments, which will end at the age of 65 at which time I’ll receive my Canada Pension
Recently I’ve used Inverse investments to make some gains but timing is so crucial with them.
I’m hoping to learn from your broadcast this Thursday
In anticipation
Terence
Dr. Weiss,
Thank you for sending out this vital information, I am 57 years old and have been retired since June 2006. I’ve seen my portfolio plunge 30% in the last year or so, and still spiralling downward. I have a financial advisor and we have placed 90 percent of my holding in mutual funds and money market, but my holding continue to decline. I am participating in the 72T program which allows me to withdraw a percentage of my funds each month without penalty, I am seriously considering withdrawing all of my holding and paying the penalty! Can you provide me with a course of action?
Sans the hyperbole, when will companies start re-hiring the twenty million people looking for jobs. If everything is as bad as experts and pundits say – and by the way wise people take it with a grain of salt – why don’t we just pack up and go home. Everybody has the right answer just let them be in charge, if you don’t believe me just ask them.
Martin,
Can you give us a brief outline of what a typical portfolio, in this terrible market, would allow us to preserve what is left after the tanking of the stock market.
Thanks… Arty
I have a suggestion that can steady the stock market. Make it behave as it was intended…. for people to “INVEST” in a company they believe in for the long term.
The government should pass a law: Limit any investment in the stock market, made by “any entity” (Individuals, hedge funds, mutual funds, day traders, corporations, banks, etc) to force them to hold the investment for 90 days before it could be traded or sold.
This would kill those greedy few who make fortunes on the back of investors looking for long term investments and kill or 401k’s.
If inflation will skyrocket and holding physical gold is the best and safest haven, why hasn’t spot gold gone higher than $1000/oz?
If the US economy and the dollar stay stronger in comparison to other countries and their currencies, will the dollar weaken as a result of the economic stimulas packages and bailouts?
Please comment on the wisdom of being married to
TIAA/CREF
accounts.
Dr. Weiss, You are the only one, that I have found who very closely parallels my own guesstumates re: what is coming soon. Unfortunately, “Obamination” is running according to his plan to Socialize this nation fast. I gathered as much from his campaign speaches.
It”s obvious to me that you are a “good man” who feels compassion for the good people of this country. God Bless You, and keep punching!; I “for one” am in your corner.
Dear Martin I have followed you religiously for 2 years. I am a vteran of the Real estate depressions of 74-75 ,82-83, and the late 80s as per the commercial real estate markets. I’m still alive as many are not and I have seen this coming You would help most with great recos with great timing. Timing has been a real problem the past two years.The old saying is the markets twists and turns can outlast an investor’s ability to stay solvent. So I am counting on you for more than you should be responsible for. Let us pray! I hope your Dad’s notes are very detailed as well as your recollection of other financial catasrophies from your experiences around the world. Dave Stepelton, Pompano Beach, Florida
Even if a person keeps from losing in the bear market and makes money on investments, will you still lose it all when the economy totally collapses? I guess what I really want to know is if it is possible to get so bad and to the point where $10,000 in the bank will only buy a loaf of bread and gallon of milk? I know gold and silver are good investments but you can’t eat them.
I would like to know your absolute best 2 shorts and best 2 longs (short time) in the futures market !! Thank YOU in advance. I’m hoping to make enough to become a life long subscriber to your services. At any rate – I really enjoy reading all your insightfull articles. keep up the good work
Hi Martin,
Creating staggering sums and “sight-glasses” for comparison.
At least to me, the amount of savings since the “birth of Christ”, or dollar bills stacked like cord wood is equally non-sensical.
What I think most people can understand about 4 trillion dollars in the American economy is this. For every man, woman and child. Rich or poor, retired or unemployed.
$4 trillion amounts to 4*10^12/300*10^6 approximately, or roughly $13,000 thrown into the pot by government. This is still not quite on par with the Icelandic bailout as measured by per capita expenditure.
We have a money system disturbance founded in the mathematical consequence of compound interest. The foundation for “money rent” is severely disturbed.
I would like to know your absolute best 2 longs and best 2 shorts in the futures.
Dr. W I don’t know how bad it is going to get, but I have a feeling it is going to get real bad. Having said that, I have about 100K in a 401K and my question is should I pull it out and pay some extra taxes or should I leave it in and not put it in harms way. By having it in my control, 1. I’ll know I have it 2. I can invest per your recommendations and 3. I’ll sleep better knowing I have control of it; what is your opinion? I have the money with Great West Retirement System. Thank you,
Please refer to residential and multi family real estate. We didn’t sell yet inspite of your warnings and we would like to do so now. Is it too late? Should we wait for the next rally to sell, or shoudl we sell now at any cost
Are we in danger of having our currency discounted? If so, what can we do right now to try and protect ourselves? Thanks for your time and consideration,
Hal
1) When you talk about the trillions of wasted dollars, please include the finance costs and other hidden costs. My guess is we are on the hook for 8 trillion dollars we don’t have. And it will not have helped the honest, hard working, bill paying, tax paying, legal citizens of this great country. The rewards are to the exact people who caused this mess.
2) Where and how is the cost of all the government bureaucrats and paper pushers that have to be hired to waste this money accounted for? Employment ads are already appearing the newspapers looking for people.
3) Bama vowed to destroy this country, tear it down, and rebuild it in his image and likeness. Never thought it could or would happen. But unfortunately, he is well on his way to doing just that in one month.
4) God Bless America. God Will Save America.
I understand with currencies there is always a bull market. Isn’t is the same with ETF’s, isn’t there always a bull market in something going long or short?
A quarter of the value of my savings have been wiped out. Would silver be a good place to transfer what remains?
Thank you for sharing your dearth of knowledge in such a philanthropic way.
Kind regards, Glyn.
HELLO MR WEISS! I AM A RETIRED 65 YEAR OLD REFINERY WORKER OF 37 YEAR
FROM TEXACO, SHELL OIL. I ONLY HAVE A SMALL SET INCOME OF $1500.00 A MO.
FROM SS, AND A MONTHLY DRAW FROM MY IRA OF $1500.00, A TOTAL OF $3000.00
A MONTH. I AM BLESSED THAT I HAVE EVERYTHING PAID OFF AND ONLY THE HOUSE UTILITIES AND TAXES & INSURANCE ON HOUSE AND CARS. BUT I STILL HAVE TO WORRY ABOUT MY IRA AND MY STOCKS AND SAVINGS. ALTHOUGH I HAVE SAVED AND MANAGED WELL SO FAR FRANKLY THIS ECONOMY SCARES THE MESS OUT OF ME. I KNOW THAT I DON’T HAVE THE INVESTING EXPERIENCE THAT INEED IN THE COMING TIMES. MY QUESTION TO YOU IS CAN ANY ONE PROVIDE ME AN INVESTMENT REVIEW OF MY PORTFOLIO AND OFFER ME GOOD ADVICE ABOUT WHAT I SHOULD DO? OR WHAT CHANGES I SHOULD MAKE?? THESE KINDS OF THINGS ARE VERY CONFUSING TO ME, I CANNOT AFFORD TO MAKE MANY MISTAKES AT THIS TIME IN MY LIFE. I COULD SEND A LIST OF MY COMPLETE PORTFOLIO TO YOU FOR YOR ADVICE,
ALSO A PAYMENT FOR YOUR EDUCATED ANALISIS. THE FUTURE DOES NOT LOOK GOOD FOR THIS COUNTRY OR FOR THE WORLD FOR THAT MATTER. respectfully ROBERT DARNELL. mrbobbydarnell@aol.com
Please relate the outstanding third tier credit derivatives (estimated to be at least 65 trillion, but probably more like 200 trillion globally) to the attempts at inflation. I would suspect that this is like spitting into the chicago fire. And please speak to the expected rise of the dollar, after the present in process correction, attributed to the unwinding of trades, especially the yen carry trade.
Finally, the big shots are short the comex gold, and elliott wave analysts expect a resumption of the bear market shortly. Will gold devalue to stay in pace with the credit devaluation process? Or will the dollar devalue ? How would this interchange impact real purchasing power? If one ounce of gold still buys a good suit for a man, why bother to try to catch the turn?
Let’s cut to the chase, the Amero is coming along with other new world currencies. A new world financial order will shortly be sprung upon us, and we need to know how to preserve our wealth (at least enough to start over with) while this happens. A tall order, in light of what happened to JFK, and RN who swam upstream.
The Rothschild’s and Rockefeller’s are tired of us underlings clogging up their favorite watering holes of the world, and aim to put us in our place; assuring an unfettered, and “rightful” continuation of their monetary dominance.
If the existing currencies are to be demonetized, and private ownership of gold made illegal; by progression we can assume individuals will work where told, sleep in rental property, and beg for forgiveness until death.
In the distant past I did some favors for a certain group of people who in turn sent me to a bookie. I was told how much to bet, and who to place it on, their “business office” kept track of things. I made some money, some friends, and lived another day. One must not get greedy if you catch my drift.
With that in mind, we don’t need killer investments, or information that would allow us to “steal money” from the chosen ones.
Just enough to live another day.
Respectfully,
Deacon
Martin, I have been following your website with great interest. I would like you to also advise people outside America how we can follow your advice and take advantage of your knowledge and suggestions. Obviously due to Americas’ problems we are experiencing slowdowns. Banks are very reluctant to lend business’s money whic in my industry being Construction causes problems with developers not being able to build buildings, or holding back until they can see improvements in the economy it’s a vicious cycle.
But it would appear to me that some business’s don’t want to do business. I have bought a machine in Illinios to be shipped to Melbourne and I have asked for 3 weeks now for a quotation from an American shipping agent the costs to ship my goods (3 containers) with no quotation coming through.
Background info is great – need specific purchases or sells to do – and when to do them.
What do-you think about Venezuelian Bonds?
Dear Martin,
How can one safely make money on the long bond right now? Is this a good idea?
How is gold going to react if we continue into deflation?
A bit of advise for the average retired worker, who lost 60% of savings, left with $100,000 or less. What do do, where to put money. Cash in CD’s? OUt of MM funds? Purchase GLD ? What % of moniess left? Simple stuff for us the savers,and now the losers, and no expereince with buying, selling trading etc.. Listened to Buy and Hold and LOST !!!
Can you tell me if I should sell my family home NOW in San Francisco while it still has some equity left and rent, knowing I may never qualify for my 400k mortgage again…AND what to do if I hold mostly cash but also some big Oil and Agriculture Cos. and a couple of gold stocks??
Thanks,
Tom
As the USD and other major world currencies weaken over time where does one go?
Or does that become a week by week decision (leaving out precious metals for the purpose of the question). Thanks.
jm
I am currently unemployed. I have been in the mortgage industry for 15 years. What industry should I be looking at for gainful employment so I don’t keep going backwards?
Given an unemployment situation, what % of my investments should I use to invest in bear market strategies, given I am at 90% treasuries, 5% gld, 5% short market etf?
I want to thank you for all the great information. I know this country is falling apart. I am not a rich ,man I have four beautiful kids and times can be tough I am greatful for them and for what I have currently. Has anything changed for the homeowners? I just had my first loan modified not much but it helped a little. Would I be able to modify again if the law changes or if any changes take place because of the foreclosure assistance bill that was just signed?
Hello Martin,
I have a bit of confusion with all of the suggestions of getting out of the dollar, buying short term T’s and other ways of protecting our wealth, but don’t we have to go back into the dollar in order to live here in America? If we get into gold how do we pay our mortgages put gas in our car and food on our table? I may be missing something but I just don’t understand if the dollar tanks and the market crashes how we benefit?
Thank You
Carol
Please get your message to the President and Congress. I do not believe many of these people are financially qualified to make these drastic decisions. From a retired tax, financial planning and accounting management person with 2 years Chapter 11 experience in a major company.
Timing is so important. Will Thursday’s briefing help us make those critical moves at the right time? The media confuses us with so much financial snow that we look to your Safe Money Report, emails, and briefings to help us obtain a clearer picture. Looking forward to Feb. 26th.
Hello!
Unfortunately, I haven’t done as you said, and still have a portion of my investing money in the market. Are we at the point where we should have a strong oversold rally, and therefore I should stay in until then, or are we headed way down from here?
Thanks!
Larry
I live in Japan and have bank accounts at Mitsubishi-UFJ here in Tokyo, Bank of Hawaii, and a brokerage account at Schwab. Much of my equity is tied up at Schwab. Even if I were to liquidate all stocks and options that I own, I’m not certain which would be safer: to leave it where it is and bet on Schwab’s survival (scary), or to move it into my account at Bank of Hawaii. Or to change the weakened dollars back into Yen and move the money back to Japan. I know you always mention short-term Treasuries, but if I weren’t to move my money into treasuries, what might be the next safest thing to do?
if gold has hit an all time new high, and the bear markets are set to continue, how high can we expect gold to go?
i remember reading a forecast of up to $1500US/ounce by december 2008.
is there an updated forecast available from your research?
Thanks,
Sean
WHEN DO YOU THINK LARGE OIL STOCKS WILL START TO RISE AGAIN?
Hi, Martin
Obama could be a very dangerous man because he does not understand what he is thinking. What will the result be if he thinks war will stimulate the economy?
Martin the one thing in your up coming video that would help me the most would be for a better understanding of the safest Canadian banks & or Alberta trust a financial institution which is backed by the Goverment of Alberta. Alberta Goverment has zero debt.
thanks
Darren
Dr. Weiss,
I am grateful to you for the opportunity given us, as eager investors, to learn first-hand from the ‘horse’s mouth.’ I watch every video and am pleased to report that I have saved thousands of dollars heeding your counsel.
My one concern is the currency market. I am a spot trader, much like Mr. Crooks. I will not, at all, consider myself as wise as he, but I do fear of a global meltdown to such high magnitudes that even the largest, most liquid financial market in the world (forex) will shutter during such times and be so incredibly volatile that it may or may not be a wise investment after such whipsaw movements.
I know that the basic outline of what will be discussed on Thursday is already set in stone, but could you possibly discuss this a bit further in the video on Thursday or possibly in a blog post?
Thank you so much for all you and your company does, Dr. Weiss. I look forward to Thursday.
Respectfully,
Jake
What are the short term & long term implications for the 4X market? The effect of the stimulus money on the major currencies.
Where do we put our money now! Or at least what little we have left.
Dear Martin,
I come from Malaysia and I have been following Moneynmarkets closely. The investment plans and advice that you and your colleagues has been giving, sad to say I find it very difficult to execute from this part of the world.
Is there a fund that your company manages and we just invest in it.
Thank you and regards,
James Ho
You can show me what you are betting on personally Martin. Nothing can be more convincing for my confidence. That is the ultimate tool. Thank You! Anthony G.
should i pay off my mortgage? i have the money in cash and annuities-some stock
Is it prudent to stay invested in Gold Mutual Funds at this time? As well as Mike Larsen’s Options?
Is it safe? I put money in the short position like DUG or ERY from Feb23 to den Feb or more long to end march.
Which shore position are you personal for first choice? second choice? ERY? DUG? DTO? SKF? FAz?
What is buttom for the DOW? Crude oil what is the buttom? ($25 $20 $or….
No one mentions that the billions/trillions of dollars are just pieces of paper printed froma machine, with no hard asset behind them It is a freerun for delflation of thedollar – aspriceswillsoar, and eat up thedollarprofits we make…on investments.
Realizing no one really know when the bottom will come in the stock market but in your opinion exactly when do you think the bottom will come, give us a year and month
please.
I likedyour Blog. Wow was it a success!!
It would be nice if you would advise the elderly retired people, how to manage their money. How much should be available in cash, is it OK to keep it in the bank? How about the safety of Short Term Bond Fund of America-A, that pays some interest. Or, would it be safer in U.S.Treasury Money Fund of America?
“Time” is not on our side to be investing, all most of us want to do is preserve what we have.
Is it safe to have money in Short Term Bond Funds or U.S. Treasury Money Fund?
1. Since Washington Mutual has beem taken over by JP Morgan Chase, how do you judge it’s safety at this time?
2. Gold is taking off currently. Do you see this as a good time to invest in gold? If so, would you recommend bullion, or selected gold stocks, or what?
Thank you.
Please let me know your opinion about investing in CD’s with banks for conservative investors and investing in multifamily and residential real estate in midwest(Chicago, Milwaukee area).
Thank you.
Hi martin, I wish the thursday meetin every success and i,m sure it will be valuable to lots of people, on a personal note… I unfortunately have a 50% mortgage in a fixed 5 year term… clearly not a wise move, work is low and my assets are few, with a £5000 buy out that i cant afford, is there another way out for me apart from a quick miracle sale with big losses?…. regards, Doug Abba
Hi, who in the UK does what you & the team do wonderfully for the US investing public – I have applied my learning from M&M on the T-Bills with UK Gilts! I had some loss on my trading account with Echelon in Glasgow Uk Nov08 – and Learnt that the banks with bad credit rating give higher intrest rates, most did not know this – I am reading UK Fool.com and Money week – but they do not give the clear message that the independent thinking investing public need, as you appear to understand with your info. My exposures are – LloydsTSB – Republic Bank TT (to transfer TT$ to UK – HSBC Bank (Buss. Acc) – MF Global and just about to open an UK Gov SIPP pension account with Hargreaves Lansdown any bad names you know here?
foot note: We do not need cash from Interfering Big Gov we need truth, justice and bold strong leadership but alas I not a politician (who needs to stay in power). I am a 53year old Director/Position Trader and Measurement Engineer, who lost £250,000 and started again but I hope and waiting for the King’s return then Truth, Justice, One leadership! Until then we have Your lists and best advice. regards & thanks hwgm.
Can anyone save the decline of the markets or do we need to reach a depression first with 20% uneemployment and stock market 50% of todays value?
Tell me when this will end – if there is hope that we won’t have violence as a result of it and will we come back as a country?
I am confused as to which currency I should put my savings. I have seen articles stating that everybody will be flying into the dollar for safety and how it must rise , I have also seen articles stating that the dollar will fall due to all the bailouts. Which is true?. If all currencies fall by an equal amount that sort of feels like no change.
Whilst gold may go up it will not affect how I pay for my groceries.
Please clarify. Is it possible that our economic team in Washington is positioning us to enter a renewed frenzied state of bad mortgage and bad lending practices as an element of a foundered recovery policy? In California, it’s well under way, AGAIN. They advertise no credit rating, no income, and no down payment eligibility for home loans and refinancing. Plenty of jobs for anyone with a pulse and no formal education as MORTGAGE BANKERS.
Am I wrong to think that oil is a very valuable commodity similar to gold? And if I’m right, can I invest in stocks like Occidental, Royal Dutch, Statoil etc.? Isn’t that more lucrative and as safe as treasuries? Your advice is : get out of the stock market. What about the above companies? Should I really sell Royal Dutch Shell?
I have been mostly cautious throughout this mess, but still have some stocks and I am looking to sell them. Just wondering if there is a bear market rally approaching. Would rather not sell in a down market.
A friend had recommended we invenst in SKF. Boy is this paying off!
Is it too late for others to get in now?
I think the topics listed are sufficient.
Thanks,
Steve
I really don’t want guidance on how do to it – I’m not smart enough.
I want your specific recommendations (e.g. buy 100 DOG) that have been so good in the past.
I’d like to know how you’d recommend a UK amateur investor should invest in Gold? I’d also like to know if you think this would be a good time to convert USD to GBP?
I am interested in long-term interest rates. I currently have a credit line interest only loan at one-have percent below prime (2.75%) with my home as collateral and am wondering if it is time to refinance.
Thanks.
Do you have a list of the best and worst credit unions similar to your bank lists?
Thank you.
Martin: The one thing you can do to help is record the Thu. session and make it available for your viewers and non-account holders to view.
Martin,
Since gold has gone up to record highs wouldn’t it be best to wait for deflation to hit the gold market before buying into gold again. What about good value in precious metal stocks like platinum and silver?
Do you know any reliable for increasing value geothermal investments to invest in on the Big Island’s active volcano island? There’s a lot of news on geothermal but very little on investment in Hawaii where the Big Island is involved. Who is operating successfully in geothermal there?
Sincerely,
Thomas Lepere
In your opinion, if based on a fundamental analysis, regardless of the technical analysis, what the Dow Jones avarage index should be. You said in your e-mail that it can go low to 5,000 points. But is that a fair market value of the US. equities, or just a temporary shock? I think if we know the fair value of the market, then we know that the bottom will form around that price.
your advice is well taken thankyou
If our currency is monetized because we can’t finance our out of control debt, will gold be the best asset to hold, or what are the best alternatives?
In this market there are many money making opportunities. I am most interested in you rules for success. Ned
Hi Martin,
I am a non U.S. national and have been closely following your updates on the current crisis, Would like to know which mega bank with extensive international footprint can best survive and service the various investments recommended in your Safe Money Reports.
Best
I have my IRA in Fidelity select finance sectors and other sectors . Since last year it drop 35%. Is it better to put in Cash Reserve now. I don’t need it at least 10-15 years. We are OK with my small pension. Your prediction is correct. You have many publications that give me confused which one I shall subscribe so I can follow the warning, and make the IRA nest grown. It’s not much but it’s mean a lot to me. Thank you.
My money is in an IRA at a discount brokerage. If I sell my bonds and mutual funds and put the money in SHY will that be as safe as Treasury Only? My brokerage does not have a treasury only mutual fund.
please tell me if I should move my money from the banks on the list of banks that are likely to fail.
Hello Martin;
Could you please share your thoughts on a possible new world currency
that may result from this global (sp) financial meltdown and a exchange
process might playout with dollars and gold confiscation. treasurys are paper!
thanks and God bless. John 3:16
Martin,
I think your newsletter and your advice has been amazingly accurate. What can a small investor do to try and reverse the losses. Most of your investment advice has been directed for bigger investors. Is there anything for us little guys?
Also what can people do with 403B Retirement accounts to stop the bleeding? I hope you will address these questions on your briefing Thursday.
Thanks,
Nancy
Martin,
Your advice is solid and Right-On-Target. I’m just a small businessman/investor in Rio Grande Valley of So. Texas. I have a 77-Unit LIHTC Project, that’s been Profitable every year, for 7 yrs. & have some paid-in-full Commercial R/E. With Obama throwing all this $$ around, and some for LIHTC Projects, what are prospects for LIHTC’s? BE SPECIFIC! Do I sell the Project? Do I sell the R/E, but Prices are declining or, do I hold on to it?
Martin,
Please cover Insurance Policies and Annuities. I have had a single premium polilcy since 1982. Its cash value is now nearly 400k. If my insurance company goes backrupt, I lose all of this. If I cash it in, nearly 300k of this will be taxable this year. My only other option is a like kind exchange into a fixed or variable annuity. That still leaves my money with an insurance company. Any place to go with this cash?
Martin — 02/16/09 The Obama Stimulus: Truth & Consequences — very good communication; particularly Obama Arguments 1-4, and your rebuttals. I would agree with the modern market concepts defined in “The Triumph of the Market” summary. Recorded histories of countries/civilizations that have experienced economic freedoms-the opportunity to better your birth — (there have not been many) suggest that when voters continue to vote themselves money forced from responsible productive citizens, the economic system collapses over loose fiscal policy. How does this reality relate to
“The Triumph of the Market” summary?
Stephen McWilliams
Hi and thanks for trying to help. I have enjoyed your emails and plan to listen in tomorrow. I understand if it is too late to consider my one question, make that two. Maybe others have all ready asked the same.
1. President just said that money market accounts are guaranteed against lose. I have substantial money in the fidelity stable value fund. Luckily it has been parked there for a while now. It is there because to my knowledge this is the safest place for it within my 401K options. Is it truly safe? Not considering inflation or the desire to do anythng fancy with it at the moment.
2. Are any stocks truly a value right now or is there a need for significant unwinding from to much exurberance still. If dow goes under 7000 should one start buying value and hang on for 2-3 years? In my mind still way too much built on over confidence and hype. I am actually hoping that 5-6000 is more likely? It needs to become realistic again and based on real value not the idea that everything ramps up in value constantly.
3. Ok 3 questions…is there any good reason for hedge funds? If not why are not simply out lawed and shut down? Way too many gangster banksters out there who should either get real jobs or put in jail which suits them best. The market has long gone past what it was intended for. Is trading speculating and gambling now the biggest US industry?
Thanks,
Dean
Dear Martin,
You’ve have mention a few times recently in your newletters about various companies you have pegged to declare bankruptcy; i.e., Best Buy, etc.. After reading several information sites on this stock it seems there is positive outlook for it. That’s not to say that I follow the herd, I don’t. Could you possibly review such mentioned items; i.e., when you give a list of companies expected to go bankrupt, give a brief synopsis of the facts that brought you to that conclusion. I am currently looking for a good “bad” stock to short and had decided on Best Buy due to several reasons on my part but am now sitting on a fence after reading financial data and analysts recommedations. Any help would be appreciated. BTW, you guys are off the charts; top notch, diversified commentary that is right on the money. Best money I’ve spent in 40 years. If things keep going they way they are, I’ll make more money in the next year than the last ten years. Keep the good stuff coming, can’t wait for tomorrow’s video conference.
Regards, Mike Brown
I’M AGE 66, NOW RETIRED AND I DEPEND ON INCOME FROM SEVERAL FREE AND CLEAR REAL ESTATE RESIDENTIAL HOUSES AND CONDOS. SHOULD I SELL THESE HOUSES AND CONDOS?. IF SO, WHERE CAN I GET THE SAME MONTHLY INCOME TO LIVE ON.
QUESTION. DOES THE POSSIBILITY EXIST FOR IMF TO CENTRALIZE BANKS INTERNATIONALLY WITH EITHER A CENTRAL HEAD OR A CONTOL BOARD
our rsp $ is in equity mutual funds.. loosing $ monthly. What would you suggest we
move our money to preserve our capital?
Perhaps the most interesting food for thought in your video was the information on bonds in past historically similar times.
I do have one important question about your new account. When diversifying a million dollar portfolio, you can use all the choices. When trying to follow the advice with much smaller
protfolios, e.g. $100,000 or, especially, less, you need to choose, so it is then possible to err and choose a higher % of losers/winners than the potfolio. Do you plan any way to mitigate this?
Thank you.
I have used and appreciated the information you have provided on the ratings of U.S. banks. Is similar information available for foreign banks? If so, where can I find it? If not, do you have any recommendations for assessing the financial stability and strengthen of foreign banks?
3/3/09
Multiple questions:
1) I am having a hard time deciphering the degree to which the collapse in the markets you speak of represents mainly a loss of individual wealth, or also represents an impending crisis of much larger proportions in terms of the failure of the economic system and the way of life as we know it. How real is the risk of what level of collapse of our system? With the added layer of the Credit Debt Swap problem on top of others, how bad could things realistically get? Is there a real risk that good companies will be forced to shut down because their stocks/bonds crash and they can’t get enough money/credit to keep operating? Should we be stockpiling basic supplies like medicine and food? I’ll sleep better if it’s mainly the loss of the value of my money in the market that we’re talking about, not an impending melt down of the system that supplies basic goods including medicine, food and energy.
2) “Too late to sell; too early to buy.”
I am a long-term investor (12 years until first of 2 kids enters college and 25+/- years until retirement). Although I have been aware of the market decline and pulled a few stocks weeks ago, I have postponed action on securing my mutual funds, IRAs, 529s — all of which are about 40-50% down from perhaps a year ago. En route to Claus Vogt’s prediction of Dow 5000+/-, is there a point at which it’s really too late to sell, i.e., it would be better to keep the stocks (and some bonds) and wait for their intrinsic values to bounce back when people come back to the market? (Or is the issue that even these brand name, solid companies are truly at risk of going under?)
From today until Dow hits 5000+/-, how much additional value will be lost in the market
(average portfolio)? When you say there will be a 40% decline (based on Claus Vogt) do you mean 40% more value loss from the time you wrote the emergency newsletter, or 40% from the start of this year which was already down 20% or so?
3) My family business manages award winning government rental assistance low income apartment projects for the elderly (24 projects with 600 apts in rural VT, NH, MA). We are required to maintain tax and maintenance reserve accounts in insured, interest bearing accounts in banks. (I’m not sure if short term treasuries would satisfy law.) We are in VT and most of our banks account are too. We are mainly in local banks.
We also have 8 private-pay assisted living facilities (ME, VT, NH, FLA), which also have maintenance reserves and large payrolls. Altogether we have 10 banks. I have been checking bank health per your instructions.
a. What is the real chance that this money (if kept below FDIC limits) will be at risk in Banks rated B, C+ or C? There’s not much in the B+ range with branches in VT at least. Is a big bank (or too big to fail bank like Bank of America) any safer than a relatively strong local bank?
b. Is FDIC insurance at real risk of not carrying through? Pretcher speaks to this possibility. Even if it’s still safe, how will I know if that tide is turning and it is in danger?
c. What will be the main foreshadowing indicators that bank money is not safe and emergency action is needed (i.e., the point at which I might consider removing it from banks, even at the risk of breaking the law on the bank account requirements for the low income projects)?
4) Listening to the news tonight, Ben Stein mentioned fixing the Credit Debt Swap problem by changing the law to place the risk at the foot of those who speculated in it, rather than allowing it to affect regular people. I don’t understand his fix, but if it is as direct as he says, then we should all know what it is and call our reps to insist that our government make the changes to the law. Can you explain?
Martin,
I like your most recent trading proposal but I am not sure what you consider will be the minimum investment that will be able to replicate your $1m portfolio. It seems important to be able to cover fully your diversified recommendations.
Do you have any special reason to choose Fidelity over say Schwab?
Thanks,
Bill Shephed
If I were in US I would not hesitate in joining your Contrarian Investing but, living in Australia, I feel that exchange rates add another imponderable aspect.
For example, I purchased gold through Perth Mint and watched gold rise in value dramatically but, because of exchange rates at the time, the Australian value of my investment merely meant that the initial investment remained almost static. Do you have any advice or comments?