Wealth Building Strategies

Portfolio Strategy And The Iron Laws

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Posted by John Hussman

on Tuesday, 07 February 2017 06:31

saupload wmc170206a

A few weeks ago, we observed the single most extreme syndrome of “overvalued, overbought, overbullish” conditions we identify (see Speculative Extremes and Historically Informed Optimism) at a level on the S&P 500 4% higher than the syndrome we observed in July. The S&P 500 has climbed about 1.5% further since then, and all of the features of this syndrome remain in place.

As I noted in December, except for a set of signals in late-2013 and early-2014 (when market internals remained uniformly favorable as a result of Fed-induced yield-seeking speculation), an overextended syndrome this extreme has only emerged at the market peaks preceding the worst collapses in the past century.

....continue reading HERE


Wealth Building Strategies

The 10 Habits of Relentless Action

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Posted by Eamonn Percy - The Percy Group

on Tuesday, 31 January 2017 11:26

51b04884431d9493bb05d647641443d8“I have been impressed with the urgency of doing. Knowing is not enough; we must apply. Being willing is not enough; we must do.” -– Leonardo da Vinci
Have you ever noticed how some people seem to perpetually be winning, moving forward all the time, despite the fact that they may not have gone to the "best" school, or come from the “right” circumstance, or quite frankly, even be that bright? However, those people seem to be able to attract success to them in an uncanny way, always doing things and constantly moving in the right direction.

Others seem to languish. They have the ‘right’ degrees, and seem to have all the right answers and have all the trappings of success, but they really do not seem to achieve much. It’s all talk, talk, talk! . However, look behind the veneer and it is all talk!
I believe the difference is action!

Talk is cheap, while action is priceless. The difference between these two types of people is that the talker is busy describing what he plans to do, while the action taker is busy actually doing it.

Nothing happens without action. Action is like the fuel in an engine. An engine can have lots of potential energy but can only be turned into kinetic energy and forward movement once fuel is added. Without fuel, it will sit there, looking pretty for a while but eventually, all the other cars will pass it and it will slowly rust away. Action is the fuel of everyday living.



Wealth Building Strategies

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

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Posted by Tom Madell - Mutual Fund Research Newsletter

on Monday, 30 January 2017 07:09

Are you among those who believe that index funds/ETFs have proven themselves to be better performers than managed funds?

Like any in debate in which actual factual data can be examined to either help prove or disprove something, in the following article, extensive comparative performance results will be presented that will be hard for people who believe in the presumed inferiority of managed funds to explain. In fact, the results presented below, upon careful consideration, should be regarded as perhaps game-changing to what many investors have come to believe. So let's jump right into this data.

If index funds are superior performers to managed funds, the average mutual fund which includes all diversified funds should, when examined over a long period, obviously tend to do more poorly performance-wise. So is this true?

While I can't examine all index funds, I selected two of the most popular ones, the Vanguard Total Stock Market Index (VTSMX) which represents the entire US stock market, and the Vanguard Total International Stock Index (VGTSX) which represents the entire rest of the world excluding US stocks. In fact, most other broad stock market index funds as well as ETFs should achieve just about the same performance results, less very minor difference in expense ratios.

On the other hand, there is available published data on the average performance of all diversified US stock funds as well as all International (non-US) stock funds. This data is published monthly in the Wall Street Journal.

By comparing the returns of each of these two index funds with the returns of the average US and International fund, one can determine, over the course of any given year, which did better, the index or the average of all similar types of funds.

To prove the superiority of index funds, one would expect to see a pattern of better performance vs. the average fund of its comparable type.

But, to be convincing, such comparisons, would need to encompass a long stretch of time. This is because while one measure might be superior for a relatively short number of years, the other might be superior over another stretch. With that in mind, examine the following:

Comparing Yearly Broad US Stock Market Index Performance with That of Average US Diversified Fund

Screen Shot 2017-01-30 at 5.51.25 AM



Wealth Building Strategies

7 Rules for Building Wealth in Your 20s

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Posted by smartasset.com

on Thursday, 26 January 2017 07:46

Rules-to-Building-Wealth-in-20sWhen you’re in your 20s, it might seem like you have plenty of time to save and invest. But time is more fleeting than you think. Building wealth when you’re paying off student loan debt or starting a career isn’t easy, but it’ll be worth the effort later on. If you’re ready to buckle down and increase your net worth, here are seven things to do before you turn 30.

...read all 7 Rules HERE



6 wealth-building strategies of the rich anyone can use


Wealth Building Strategies

Trump Turbulence and The 1% Solution

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Posted by Eamonn Percy - The Percy Group

on Monday, 23 January 2017 04:50

hangon2017 will be a year for the history books. Are you ready?

The main event will start on Friday, January 20th, when President-Elect Donald Trump is inaugurated as the 45th President of The United States of America. On that day, the status quo of the US political and economic landscape will end as the world enters a new era of Trump turbulence. Canada will not be immune. As usual, the prudent business owner, manager or entrepreneur expects the unexpected and will be fully prepared for the inevitable coming shocks (and opportunity).

In the early 1980s, when I was starting my own business career, there were similar dramatic political and economic changes. Canada was faced with an economic crisis as inflation peaked at 12% and interest rates at more than 21% in late 1981. With the economy stalled, it took several years of strong economic medicine, largely from south of the border, before economic growth took hold and prosperity returned.

Personally, I was struggling through this turbulence to stay afloat, establish my career and get traction. However, as the economy improved (along with my career) into the late 1980s, the 1990s and then the 2000s, I started to notice a persistent trend. The problems and turbulence never really stopped. There was always something: a dot-com meltdown, 9/11 terrorist attack, political turmoil or oil price crash. In business, as in my life, the problems kept coming. The only thing I could control was my response to the problems. 

With this realization, early on I started to adopt a philosophy of incremental improvement in order to adapt to the changing world, rather than being engulfed by it. Each day I would focus on being a bit better than the day before and adjust my approach to the circumstances directly in front of me. This would insulate me from the inevitable shocks. While I was occasionally buffeted and bruised, I was never wiped out. I always progressed forward. This strategy worked well as I built a very successful career in turning around companies and helping entrepreneurs launch and build new ones.



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