That led to a discussion of ways to make money in a downturn. We covered hedging currencies, like the Swiss franc and Japanese yen. We spoke about gold. We considered commodities, agreeing they were a good short-term play, but would suffer if rising interest rates led to a recession. Eventually, we came to inverse leveraged exchange-traded funds (ETFs) … those tempting plays that promise to make money when markets decline…
In addition to George Washington’s already long list of superlatives, we can add that he was also history’s wealthiest president (until 2016). In total, Washington owned 50,000+ acres with a value equivalent to 0.19% of the country’s gross domestic product. In today’s terms, that would make him worth $43.6 billion. Richer than Michael Dell. So, what was Washington’s secret for building a fortune that outlasted even him?
In today’s Your Money Matters, Clint Lee gives you the lowdown on areas of the market that are starting to see steep falls from their highs. Does that mean it’s time to go bottom fishing and grab those opportunities? Before you get ahead of yourself, Clint says to take a step back and look at the big picture. Because yes, many speculative areas of the market are tempting and have already seen a 50% peak-to-trough decline, but it’s not what it seems. Clint guides you toward the sectors that have seen true carnage, trade at reasonable valuations and are seeing good expected earnings growth. He also gives you three solid stock picks.
(3-minute read) Performance chasers got the worst of both worlds when they invested in a popular exchange-traded fund.
In today’s Your Money Matters, Clint Lee and Ted Bauman review the stock market’s terrible start to 2022. But a bad start doesn’t always mean a bad finish — just ask the tortoise about his race with the hare.
A big question, though, is how to know when the market has reached the short-term bottom.
If you can spot that, you can grab the opportunity to ride it back up to whatever level it’s going to achieve later on.
Clint explains how you can identify that opportunity using easily accessible technical indicators … and why it’s so important to wait for confirmation of a rebound before jumping in.
Founder, Agora
Chief Investment Strategist of Money & Markets
Editor of Strategic Fortunes and three elite services
Early in his career, Shad cut his teeth in the world of music marketing [...]
Editor of Alpha Investor
Founder of Sovereign Man
Financial Analyst
Director of VIP Services
Research Analyst