Rules to Invest By

By James Altucher This post Rules to Invest By appeared first on Daily Reckoning. Yesterday, I said the three most important words in investing are “I don’t know.” I believe that strongly. But that doesn’t mean you become paralyzed with fear and do nothing. Otherwise, you’d never make a single investment. It just means you have to approach your investments with honesty and humility, no matter how much of a sure thing it seems at the time. The “sure things” have a funny way of exploding in your face. And the toughest investments to make, the ones where you’re full of doubt, often turn out the best. So what are the best ways to make money in the market? Yesterday I told you about: #1. Pick some stocks and hold them forever. But What stocks should I hold? Warren Buffett has some advice on this (and I know because I … Continue reading

5 Reasons to Consider Investing During This Summer Travel Season

click to enlarge It doesn’t hurt that airfare is relatively affordable at the moment. According to big data firm Hopper, airfare to Europe should be a huge bargain this summer, down an expected 18 percent from last year on average. Glowing customer satisfaction is another contributing factor to increased demand. The just-released J.D. Power 2017 North America Airline Satisfaction Study shows that passengers are more satisfied with their service than at any other time in the study’s 10-year history. Despite the regretful United Airlines incident in April, when a man was dragged from a Chicago flight bound for Louisville, overall satisfactory rose for a fifth consecutive year, reaching its highest level ever. For the 10th straight year, Alaska Airlines was ranked first among traditional carriers. Delta Air Lines, which we own in our The busy summer travel season is here yet again, and according to forecasts, this year could set … Continue reading

NAFTA’s Looming December Shake Up

By Nomi Prins This post NAFTA’s Looming December Shake Up appeared first on Daily Reckoning. I recently stayed in the Tlalpan district of southern Mexico City. Tlalpan is its largest borough and an historic area — dotted with lovely gardens and plagued by drug traffickers. Nearby, I was honored to give a talk at the prestigious business school, EGADE. This is part of the Tecnológico de Monterrey, a university that has spawned world leaders for decades. My speech was part of an event sponsored by the internationally renowned Aspen Institute in Mexico. This was not my first speech in Mexico. In the years since the 2008 financial crisis, I have delivered talks there frequently. My focus has been on the complexities of the U.S.-Mexico relationship, particularly from a banking perspective. But this was the first address I’ve delivered in Mexico since Donald Trump became the U.S. president. As you may … Continue reading

Rick Ackerman and Technicals – Thu 1 Jun, 2017

By Cory Is a $1 Trillion Company a Good Thing For The Markets? The chase for yield continues and this is driving a select few stocks to carry the markets to all time highs as well as continue to support European equities. Rick Ackerman and I discuss the recent stories about an upcoming $1 trillion company and what it means in the bigger picture for US markets. Click here for Rick’s website and his updated technical levels he is watching. Download audio file (2017_06_01-Rick-Ackerman.mp3) …read more Source:: The Korelin Economics Report The post Rick Ackerman and Technicals – Thu 1 Jun, 2017 appeared first on Junior Mining Analyst. … Continue reading

Why Hedge Fund Heavyweights Love This Charity

By Alexander Green Ralph Waldo Emerson once said, “Without a rich heart, wealth is an ugly beggar.” More bankers and money managers should consider these words. As I discussed in a recent column, money is important. It buys freedom, resources, comfort and time. But it cannot be the foundation of your happiness. We derive real satisfaction from intangible things in life – relationships, hobbies, passions and, of course, the “warm glow” feeling that comes from helping others. Portfolios with Purpose is a nonprofit that turns investment prowess into good deeds. It hosts a year-long virtual stock-picking contest for seasoned portfolio managers. The contestant with the highest 12-month return gets to donate the pot to the charity of their choice. For a number of years, I have participated in Portfolios with Purpose alongside Wall Street bigwigs like David Einhorn and Mark Yusko. But I didn’t write this column to talk about … Continue reading

These 3 Market Lies Are Costing You a Fortune

By Greg Guenthner This post These 3 Market Lies Are Costing You a Fortune appeared first on Daily Reckoning. The averages are just a breath from all-time highs. The relentless rally marches on. But no one’s happy about any of this… The pundits and prognosticators were dead wrong. They keep telling us we’re in for a nasty crash. It all began late last year when the financial media all but guaranteed a post-election stock market meltdown. Instead, we’ve witnessed a historic surge. So I have to ask… How the hell did everyone get it so wrong? Today, you’re going to find out. I’m breaking down three biggest lies swirling around the post-election rally —and how they’re costing you big bucks. Let’s get started: 1. “Trump’s win was good for stocks.” Dow futures swooned 750 points on election night as a Trump win became apparent. The rogue candidate was going to … Continue reading

Is CAE Stock Undervalued or Overvalued Today?

By Rob Otman CAE (NYSE: CAE) is a midcap company that operates within the aerospace and defense industry. Its market cap is $5 billion today, and the total one-year return is 31.38% for shareholders. CAE stock is beating the market, and it just beat earnings estimates. But does that make it a good buy today? To answer this question, we’ve turned to the Investment U Stock Grader. Our Research Team built this system to diagnose the financial health of a company. Our system looks at six key metrics… [iu-adbox] ✗ Earnings-per-Share (EPS) Growth: CAE reported a recent EPS growth rate of 8.7%. That’s below the aerospace and defense industry average of 22.28%. That’s not a good sign. We like to see companies that have higher earnings growth. ✓ Price-to-Earnings (P/E): The average price-to-earnings ratio of the defense and aerospace industry is 64.05. And CAE’s ratio comes in at 21.72. It’s … Continue reading

Positive Results Boost Stocks, but Still Some Buys

Source: Adrian Day for Streetwise Reports 06/01/2017 Money manager Adrian Day reviews the current news from five companies and reflects on prospects for return on investment. Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE) reported increased revenues, but more important it has acquired a major new asset, a silver stream on the Gibraltar copper mine for CA$44 million, and it has seen progress in its “accelerator model,” whereby it acquires shares and royalties in early stage projects which it nurtures along. CEO Sean Roosen advocates that “most wealth is created at the drill bit. . .the lowest cost place to get a royalty is at the very beginning of the project.” This is a different and somewhat more risky approach than that pursued by most other royalty companies, but Osisko has experienced management and has been successful. The value of its equity portfolio is around CA$341 million, over $130 million above its … Continue reading

Successful partnership makes fly-in/fly-out easier

By analyst By Andrew Topf The software, designed specifically for large-scale projects – converts multi-step bookings into a single streamlined process. This includes flights, ground transportation and accommodations. Anyone who’s ever worked in a fly-in/fly-out oil or mining camp knows that the logistics of getting from home to work and back can be a challenge. The trip often involves a combination of flights and ground transportation, multiple boarding passes, and of course, the usual vagaries of travel including weather and mechanical delays. Then there is the potential for problems at the camp, such as room reservations, menu glitches, and even issues with housekeeping. While managing large-scale camps in remote locations seems like a straightforward and manageable task, in reality the job involves balancing complex components across various systems, including: matching charter flights with commercial schedules; accommodation availability; compliance risks; itinerary risks; and ensuring duty of care. “The whole operation can … Continue reading

‘Strong hand’ may be pushing palladium price higher

By analyst By Frik Els Wednesday was a generally good day for precious metals with the complex recovering much of the losses suffered since mid-April. Palladium was once again the best performer on the day, up 1.5% to $816.75. Nymex palladium futures are sporting year-to-date gains of more than 20% and are once again approaching two-year highs hit at the end of April. The fortunes of palladium and sister metal platinum have diverged dramatically over the past year. A new annual report by the GFMS team at Thomson Reuters on the PGM market argues it is “more a case of when, not if, the palladium price will exceed platinum”. It would be the first time since 2001 that palladium is worth more and its relative strength is even more remarkable given that the gap averaged just over $1,000 an ounce between 2007-2012. The superior performance for palladium is unsurprising given … Continue reading