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Wealth Building Strategies

Want To Find The Opportunities? Follow The Sentiment

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Posted by Frank Holmes - US Global Investors

on Friday, 17 February 2017 08:48

holmes021617-1On Monday I had the opportunity to attend a conference at Goldman Sachs’ Dallas office. Among the dozens of money managers and investors who attended, a combined $1 trillion in assets was represented. The speakers were numerous, from famed economist Jan Hatzius, Goldman’s head of global economics, to Jeff Currie, global head of commodities research. Everyone was exceedingly smart and articulate, and I left the conference feeling recharged with much to think about.

One of the most fascinating takeaways was Goldman’s increased use of sentiment analysis tools. Basically what this means is sophisticated software trawls the internet in real time for public attitudes and opinions on companies, products, sectors, industries, countries—you name it. Sources can include press releases, news stories, earnings calls, blogs, social media and more. All of this data is gathered and analyzed, giving quants and other highly sophisticated investors a better idea of where tomorrow’s opportunities lie.

We have experience gauging sentiment using platforms designed by Meltwater and ScribbleLive, and I was pleased to see our efforts validated.

Goldman’s preferred system is Stanford’s CoreNLP, which is able to break down and analyze sentences in a number of different ways (and different languages to boot). Below is just a sampling of what the process looks like.   



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Wealth Building Strategies

P.T. Barnum's Three Tips for Building Wealth

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Posted by P. T. Barnum (1810 – 1891)

on Thursday, 16 February 2017 09:15

pt-barnumP. T. Barnum (1810 – 1891) was an American showman, businessman, and entertainer, who founded what became the Ringling Bros. and Barnum & Bailey Circus. He became a very wealthy man and he shares some advice on how to acquire wealth in his book “The Art Of Money Getting”. Here are three of the tips he shares in his book:

Be Frugal

“Wear the old clothes a little longer if necessary; dispense with the new pair of gloves; mend the old dress, live on plainer food if need be; so that, under all circumstances, unless some unforeseen accident occurs, there will be a margin in favor of the income. A penny here, and a dollar there, placed at interest, goes on accumulating, and in this way the desired result is attained.”

Choose Work You Enjoy

“The safest plan, and the one most sure of success for the young man starting in life, is to select the vocation which is most congenial to his tastes . . . We are all, no doubt, born for a wise purpose . . . Unless a man enters upon the vocation intended for him by nature, and best suited to his peculiar genius, he cannot succeed.”

Be Cautious and Bold

“Among the maxims of the elder Rothschild was one, all apparent paradox: ‘Be cautious and bold’. This seems to be a contradiction in terms, but it is not, and there is great wisdom in the maxim. It is, in fact, a condensed statement of what I have already said. It is to say: ‘you must exercise your caution in laying your plans, but be bold in carrying them out.’ A man who is all caution, will never dare to take hold and be successful; and a man who is all boldness, is merely reckless and will eventually fail.”

...related: Seven Essential Ways to Build Wealth



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Wealth Building Strategies

Gold Intermediate Cycle Update

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Posted by Surf City

on Wednesday, 15 February 2017 07:25

NOTHING is certain or guaranteed in Markets.... ever. Anyone who tells you otherwise is a charlatan.

That said, within Bressert's Cycle framework the norm is that a new Intermediate Cycle in any asset should test or breach the Intermediate Cycle downtrend before topping and those are my expectations based on my current analysis on both Gold and the USD.

With that as background, my Gold chart shows these expectations.



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Wealth Building Strategies

The most successful investment strategy in the world

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Posted by Tim Price via Simon Black's Sovereign Man

on Friday, 10 February 2017 13:30

2017 02 10 featured imageEducation is a BIG part of a having a Plan B… especially when it comes to money.

In light of the obvious risks that we discuss on a regular basis, safeguarding (and growing) our savings is absolutely critical.

Finance can be a little bit scary and seem quite complicated at first.

No one comes out of the womb a financial expert. And they certainly don’t teach this stuff in a government-controlled public school system.

But just like speaking a foreign language or learning to drive, knowing how to properly manage money is a SKILL.

And it’s one that can be learned. By ANYONE.

The difference between knowing versus NOT knowing how to manage money can have an EXTRAORDINARY impact on your life.

Simply being able to generate an extra 1% to 2% annual return on your investments can add up to hundreds of thousands of dollars in extra wealth over 20-30 years.

As with any other skill, learning about finance takes some time and patience. But the reward is extraordinary.

I wanted to pass along an email today that highlights key characteristics of the world’s most successful long-term investment strategy.

It was written by my friend and colleague Tim Price, a UK-based wealth manager who is a disciplined master of “value investing”.

This strategy is absolutely worth understanding. Learning it can truly have an enormous impact on your life.

— From Tim: —

Successful investing involves having an edge.

And if you do not know what your edge is, you do not have one.

So which investment strategy actually works?

...continue reading HERE



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Wealth Building Strategies

15 Words of Wisdom on Finding an Edge

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Posted by Jae Jun - GuruFocus

on Thursday, 09 February 2017 07:09

wisdom-002Listen to advice and accept instruction, that you may gain wisdom in the future. – Proverbs 19:

One thing I would like to add is that not all advice is good advice, so it’s vital to filter out the noise from the facts. One of the easiest ways is to follow, listen and learn from people who have or are walking the successful path.

Finding an edge is something that we all want.

Investing is a zero sum game so when you are buying, there is a person on the other end who is selling.

How do you know that you’re correct?

By listening to wise counsel.

The path forward is never clear, but with the advice and guidance by value investing greats, it makes is easier to march forward.

Take these words of wisdom on finding an edge from people considered masters in value investing.

(Courtesy of Value Investor Insight)

Human beings are subject to wild swings in their levels of fear, risk tolerance and greed. That won’t change. I base my whole approach on buying when others are fearful and selling when others are greedy. The reason Shakespeare is so relevant still today is that his plays were all about human nature, and human nature never changes.

- Mark Sellers

...continue reading 13 more "Words of Wisdom" HERE

...also:

17 Managed Funds That Have Beaten the Indexes Over a 17 Year Period

 



 



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