Asset protection

Bill Gross Investment Outlook: Investment Potpourri

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Posted by Bill Gross

on Tuesday, 19 December 2017 06:12

Screen Shot 2017-12-19 at 6.19.38 AMA Monthly Outlook on the Global Financial Markets

1. Prior market tops (1987, 2000, 2007, etc.) allowed asset managers to partially “insure” their risk assets by purchasing Treasuries that could appreciate in price as the Fed lowered policy rates. Today, that “insurance” is limited with interest rates so low. Risk assets, therefore, have a less “insurable” left tail that should be priced into higher risk premiums. Should a crisis arise because of policy mistakes, geopolitical crises, or other currently unforeseen risks, the ability to protect principal will be impaired relative to history. That in turn argues for a more cautious and easier Fed than otherwise assumed.

Economists prior to Keynes viewed “modeled” as well as “real time” economies as self-balancing, but subject to imbalances from external shocks like oil prices. Rarely did theory incorporate finance and credit as one of those potential earthquakes. It took Hyman Minsky to change how economists view the world by introducing the concept of financial stability that leads to leverage and ultimate instability. He alerted economists to the fact that an economy is a delicate balance between production and finance. Both must be balanced internally and then the interplay between them balanced as well.

....continue reading 2-5 HERE


Asset protection

Why Do You Invest?

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Posted by Andrew Ruhland

on Monday, 18 December 2017 15:41

Anyone who has travelled extensively for business knows how much fun it isn’t. Weather delays, hotels and restaurant food are just part of the “joys.” So why do it? Pardon the pun, but in my case, it’s all part of the bigger journey.

When I first entered the financial services industry in September 1994, I quickly came to understand that there is no financial decision which is ever purely financial. Financial strategies and products, market action with all of its complexities; these are external trappings and tools and challenges. These are the “how” and “what” parts of the package that a great wealth management professional delivers to their clients.

But “how” and “what” pale in comparison to the eternal “Why?” of investing. Why even bother to save instead of spending it on something fun, lavish or frivolous? Unfortunately, the vast majority of folks do choose this path, and we have a retirement funding shortfall in North America that will slam us all like a massive tsunami – a completely preventable tragedy.

If you’re reading this, you’re likely one of those who have chosen to think ahead, live on less income than your employment generates and you’re trying to grow and protect the assets you didn’t fritter away on other stuff. So why have you chosen this path of deferred gratification instead of instant pleasure, unlike most other folks?

Is it the desire to self-determine, to be autonomous and independent of government handouts provided by debt financing that will cripple future generations? Is it so you can finally stop working at a job you may or may not love? Is it so you can finally let go of the worry associated with growing older and becoming less able to work endless hours? Is it just for yourself, or are there other people who also depend on your savings and investing decisions? Is it a spouse, or kids or grandchildren or perhaps a charitable cause that you believe in deeply?

In my experience, the “why” of investing is inextricably linked to “who”…as in “Who do you love?” Basically, money is love; it’s the life energy we haven’t spent. The way we choose to handle our money speaks volumes about the people we love. Are we unselfish and disciplined, or do we give into fear and anger easily? Do we hold on too tightly and obsess about it, or do we feel secure in our relationship with money? And as we mature in other areas of life, so too do we change our approach to investing. Our priorities change, sometimes gradually, sometimes dramatically…but change is inevitable.

Have you reached the tipping point where managing your own portfolio is more burden than benefit? And perhaps most importantly, who is your money for after you’re gone? Who are those people whose lives you’d like to help make better with some of your love, in the form of money you managed not to spend? These are amongst the most critical questions and themes that we all need to contemplate and reach clarity on. The sooner you do it, the easier it is, and the greater affects you can have on those you love.

So why do I travel to see clients on Vancouver Island, the Lower Mainland and Alberta cities and towns outside of Calgary? It’s simple, really: to meet and understand and connect with the people whose money it is, and whenever possible to also meet the people that the money will eventually be for; to see and feel where and how people have chosen to live, and why…so I can really understand them beyond what’s on paper. In the end, it’s people and our connections with them that enrich our lives and our world.

If you’re looking for a decidedly human approach to managing your financial wealth, please visit our site. There’s lot of great content you can view for free, and you can decide if we’re the kind of people you’d to have helping you make the most of your nest egg…for those you love.



Andrew H. Ruhland, CFP, CIM

Founder, Integrated Wealth Management



Asset protection

Bitcoin Total Wipeout Alert

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Posted by Clive Maund for Money Talks

on Thursday, 14 December 2017 08:11

I have lain in wait before writing this stark a warning on Bitcoin, because if you “cry wolf” too often with something like this, you are simply written off as a fool within days if it carries on up and up. It could yet do so, but now we are seeing really extreme manifestations of mania suggesting that the top is at hand, and if not we are very close to it. 

Bitcoin has gone more vertical than the vertical face of Half Dome in Yosemite National Park in recent weeks, and those of us with memories of past manias and crashes know exactly what that means. Any old timers amongst you remember shrewd but mercenary upper class types tipping the family silver into the furnace to flog it off at inflated prices in 1979 – 1980 during the terminal spike in silver? Over the past few weeks we have seen Bitcoin boutiques opening in South Korea and heard stories about people mortgaging their houses to buy Bitcoin and borrowing to the hilt, and pundits “playing to the gallery” by proclaiming astronomic prices for Bitcoin in the future, although wait a minute, they’re already astronomic. The more ludicrously high their predictions the more their acolytes love them for it. The next thing you know they’ll be bringing Carlton Sheets out of retirement to do infomercials for aspiring get rich quick Millennials whose ultimate ambition is become wealthy without doing any work so they can spend even more time fiddling with their Smartphones, and there couldn’t be any more serious warning than that. 


Anyway, the pattern on the Bitcoin charts has all the hallmarks of a final terminal blowoff that will be followed by a catastrophic wipeout and probably soon, and when that happens you don’t want to be anywhere near it, either that or short. The inexperienced get rich quick merchants who have been flocking in droves to Bitcoin in recent weeks will be vaporized.

.....also: It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History


Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years' experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.



Asset protection

Still My Favorite Position In This Speculative Casino

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Posted by NFTRH

on Wednesday, 13 December 2017 08:52

While participating in the asset orgy with all the other casino patrons, I’ve been building up a proportionally large position in cash equivalent SHV; boring old T-Bills. This allows the Fed to work for me as it hikes rates while mitigating/managing risk at the same time. One day scores of reformed substance abusers are going to come flying out of the casino into the likes of this cash equivalent along with gold, which will not be paying dividends like SHV, but will provide a whole other range of risk management services that are more important because they are off the grid (ya ya, I know… Bitcoin).


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Asset protection

Technically Speaking: This Is Nuts

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Posted by Lance Roberts - Real Investment Advice

on Wednesday, 06 December 2017 07:11

Since the election, markets have accelerated the pace of the advance, as shown in the chart below.

saupload SP500-Weekly-Price-2016-Present

The advance has had two main story lines to support the bullish narrative.


  • It's an earnings recovery story, and;
  • It's all about tax cuts.


There is much to debate about the earnings recovery story, but as I showed previously, and to steal a line from my friend Doug Kass, this "new meme increasingly resembles 'Group Stink.'" To wit:

"Despite many who are suggesting this has been a 'rational rise' due to strong earnings growth, that is simply not the case as shown below. (I only use 'reported earnings' which includes all the 'bad stuff.' Any analysis using "operating earnings" is misleading.)"



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