Today’s letter is multi-dimensional and focuses on many subjects that require our immediate attention.
In the past four days, I’ve been a guest on three major shows on YouTube and have been invited to speak at a number of investment conferences and radio shows because of Wealth Research Group’s major, new theme: “The Last Great American Decade.”
The 1940s and 1970s were categorized by low growth, high inflation, and uncertain economic conditions. Within these time frames, price appreciation made-up an insignificant portion of stock market returns, and in the coming decade, Wealth Research Group sees this phenomenon occurring again.
My broker asked me yesterday where in the business cycle my research tells me we are. He wanted specifics, so today’s letter is essentially what I communicated to him, but in broad detail.
Time to say goodbye to Dollar-cost averaging, to hedging bets by shorting gold ETFs, to owning the Carbon-Free ETF, which is up 200% already, and to patiently sitting on positions for months, doubting whether or not the market is right and we’re wrong about gold stocks being cheap.