Holiday Monday in Canada!
August is usually a slow month for investors. But, the market usually goes for a wild ride in September and October, which are historically the two worst-performing months of the year. While October makes the history books for all the big down days (1929, 1987, 2008), September is worse on average.
In the meantime, while the economic numbers look great compared to a year ago, consumers are drawing down savings substantially. And the end of a national eviction moratorium could lead to some unrest in the housing market. These factors all point for some strong reasons to hedge, either by selling covered calls against stocks, or by raising some cash. Traditional hedges like gold haven’t been a strong performer here, and likely won’t unless it’s backed by another immediate stimulus program.
Precious Metals Prices
Price at week’s end (change over last week)
Gold … $1,815.69 (+0.7%)
Silver … $25.57 (+1.3%)
Platinum … $1,056.50 (-1.3%)
Palladium … $2,692.50 (-0.6%)
Now here’s the rest of the news:
Gold Is “Dirt Cheap Financial Insurance”
Egon von Greyerz assesses the current risks in the markets. Based on historic valuations, here’s why physical gold as the only “financial insurance” available to investors, and why it’s comparatively dirt cheap… [Read Here]
The Nobel Prize Solution to Retirement Anxiety
Retirement anxiety is at an all-time high, and for good reason. Surveys suggest millions of Americans have given up on retirement altogether. Here’s how to reduce anxiety by taking control, making a plan and reducing risks… [Read Here]
Upcoming Spending Spree Risks Economic Meltdown
Almost $4 trillion of proposed infrastructure and social spending is just too much (after the $1.9 trillion already spent in COVID relief already). Stanley Druckenmiller fears it’s going to cause an economic meltdown… [Read Here]
August 02, 2020
DECLARATION FOR THE DAY:
“I choose to be a BIG fish in a small pond instead of a small fish in a big pond.”
(Say this 3 times today)
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Describing its beauty!!! Gros Morne National Park near Rocky Harbour, NFLD.
A tidal pool below the cliffs of Lobster Cove Head in …
August 02, 2019
Cash in on the International Currency
No matter what you do for work – whether you realize it or not – you’re in the networking business.
Any banker will tell you – an honest one anyway – that your greatest financial asset is your ability to earn income. It’s not your house, your bank account or your car. They don’t actually want your collateral, they want your payments.
What’s important to them is your ability to earn money on an ongoing basis. That ability is based on your health (your capacity to work), your knowledge, you skills, your reputation and your experience.
It’s also based on who you know. It’s always been that way. Who you know and how well you know them counts for as much – if not more – than what you know and how good your product/service is.
When you network people together, everyone wins – you and the people whom you connect. Your contact list – your network of coworkers, business associates, friends, golfing buddies and the like is a gold mine. Treat it like one, and you’ll have an abundant supply of the New International Currency.
You must work your list. Call People. Send them referrals. Maintain contact. Networking is a contact sport. Mail copies of articles they should find interesting. If you want to build and maintain relationships, you have to be proactive.¹
“Some of the biggest challenges in relationships come from the fact that most people enter a relationship in order to get something: they’re trying to ﬁnd someone who’s going to make them feel good. In reality, the only way a relationship will last is if you see your relationship as a place that you go to give, and not a place that you go to take.” — Tony Robbins
Who you are shines through, who you are hoping to become. 😉
¹ The World’s Best Known Marketing Secret, by Dr. Ivan Misner [Business Network Int’l] www.BNInet.com
August 02, 2017
I will remember the days where I had to go to my 9-5 job…
I will remember the days when I was told to jump, I jumped.
I will remember the days when I was told to sit down, I sat down.
I will remember the days of essentially being a paid slave, and I hated it.
BUT, I WILL also remember the DAY I took the leap of faith & REALLY began the laptop lifestyle as I like to call it and truly beginning to put the ITT team to work for myself.
I WILL remember those days and while it was so exciting to see the possibilities of a new, brighter future, it was also a bit scary.
Now let’s turn the clock ahead in your life say, just five short years from now.
What will you look back on and remember? The day you saw an oppor-tunity like this but did nothing, or the day you seized an opportunity like this and finally turned the comer‘?
It’s been said that 97% of the population does little to nothing with life’s best opportunities … so the question remains, are you gonna’ be one of the 3% or the 97%‘?
The choice is yours, but it’s just that — a choice that needs to be made.
Make the right choice!