08-AUGUST 02-2021

Holiday Monday in Canada!

Current Events_8Good morning.
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.

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.

International NetworkingAny 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.

Contact SportsWhen 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

My Friend,

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!

REW

IMG_0712
Come From Aways, Do You?

More Posts

01-JANUARY 26-2022

Good morning. In spite of 7 percent inflation rates right now, consumers are continuing to spend.  While their overall confidence has dropped, the actual spending itself shows that the economy, largely dominated by such spending, is likely to continue moving higher this year. If inflation rates start to decline in the coming months, the market could be setting up for a solid return as the current fears abate.  Given the latest data showing that consumers continue to be interested in buying homes, automobiles, and appliances this year, even a small change higher in interest rates will unlikely derail the economy’s

01-JANUARY 25-2022

Good morning. On Friday, the stock market broke its 200-day moving average lower for the first time since July 2020.  Stocks are looking at oversold levels going into the weekend, with many names down much further than the overall stock market index.  But yesterday’s wild trading saw a massive drop reverse into a gain at the close. This reversal could be a sign of capitulation by sellers, and that the worst of the current decline is over.  With leveraged traders already wiped out, and plenty of cash from retail and institutional investors on the sidelines, the market could see a

01-JANUARY 24-2022

Good morning. Markets had $3.3 trillion reasons to be volatile last week.  That was based on the notational value of options expiring on Friday.  That included $1.3 trillion for individual stock positions alone, the second-highest on record.  Traders repositioning those trades ahead of expiration last week may have contributed to the big selloff, which finally started reversing on Friday as Treasury yields started coming back down. Given the growth of options trading, this phenomenon of added volatility into options expiration weeks may continue for the foreseeable future.  While February’s contracts are far lower in value, the next big hump will

01-JANUARY 23-2022

Today! January 23, 2021 “Creativity is an action, not a feeling.  Your work is too important to be left to how you feel today.”  –Seth Godin Power Thought That Raises Awareness Whenever we’re talking about personal transformation — whether it’s physical (lose weight), financial (get out of debt), mental (overcome anxiety), spiritual, relational (repair a broken relationship), etc. — what we’re really talking about is change.  And for most, that can be scary.  In fact, many people don’t even entertain the idea of change until the pain of not changing becomes unbearable. In other words, you have to be ready and willing

01-JANUARY 22-2022

Today! January 22, 2021 Good morning. The trade war.  The pandemic.  The election.  All the big catalysts that can move markets up or down are now off the table.  So what’s next?  Until a new catalyst emerges, expect markets to drift. With markets in a long-term uptrend, the drift will likely be higher.  Individual names can still have some big news on corporate announcements and earnings reports.  And look for potential catalysts that could provide the market’s next big move, whether higher (stimulus) or lower (war, pandemic, today’s high valuations). Now here’s the rest of the news: A “Cash Panic”

01-JANUARY 21-2022

Good morning. Fears of rising inflation are likely to peak this year.  That’s good news.  And with news that major spending bills would be broken up, the likelihood of further fiscal stimulus to drive inflation higher is also likely to help there. In other areas, however, the economy is showing signs of a slowdown.  Jobless claims have risen to a three-month high.  Home sales have slowed after a massive boom in the past 18 months.  And now, expectations are that the trans-Pacific cargo trade are now rising to a three month wait time on average.  With a longer wait time

01-JANUARY 20-2022

Good morning. While the stock market has largely been focused on rising interest rates in the past few weeks, the start to earnings season this week has been subdued.  Many of the big banks have started to report numbers.  And banks should be faring well even with higher rates of inflation going on right now. However, bank earnings have overall been lacklustre, as many banks have reported trading losses that have offset the gains made from a big year for mergers and IPOs. If bank earnings aren’t enough to get the markets excited and moving higher, chances are we’re in

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a comment

Send Us A Message