By Donna Divenuto-Ball Greetings from the land of dice, vice… and investing! Yesterday marked the start of the 20th Annual Investment U Conference at the Four Seasons in Las Vegas, Nevada.
The theme of this year’s conference is “The Art of Intelligent Speculation.” (To steal a line from Chief Investment Strategist Alexander Green… What better place to hold this event than in the land of unintelligent speculation?)
The day kicked off with a warm welcome from Julia Guth, The Oxford Club’s CEO & Executive Director and founder of Investment U. She set the tone by distinguishing between gambling (blind trust) and speculation (calculated decision making).
The reins were then handed to Alex – the conference’s rock star.
Alex’s keynote speech, “Intelligent Speculation in a Trumpian World,” opened with a reminder about how transactions are voluntary in a capitalist system and that the stock market is the great equalizer.
He talked about how President Trump has stimulated the economy… and how he’s created an atmosphere of chaos and uncertainty.
The result, according to Alex, is that we’re facing a “Goldilocks economy” – not too hot, not too cold. The bull market has aged, company valuations are high, the Fed is raising interest rates and good news is already baked into share prices.
So how do you intelligently speculate in this environment? Alex suggested ten-baggers, the term – originally coined by legendary Magellan Fund manager Peter Lynch – used to describe companies poised to rise tenfold or more.
Similar to his columns on the topic last Friday and Monday, Alex advised attendees to get in on the action by checking out his Ten-Baggers of Tomorrow Portfolio – up 27.6% since its inception (a rate greater than Buffett’s 21% average annual return and just shy of Lynch’s 29% average).
From Broadway With Love
Later in the day, Chief Income Strategist Marc Lichtenfeld commanded center stage, a place not wholly unfamiliar to him.
You see, after college, Marc wanted to be an actor. But at the same time, he fell in love with the markets… and spent all his free time studying them.
After a few years making barely enough money to support himself, Marc flipped the switch… and luckily for us, Broadway’s loss was our gain!
Marc’s presentation, “Stocks for a Sustainable Retirement,” centered on cost-cutting and income-generating techniques from his new book, You Don’t Have to Drive an Uber in Retirement.
Specifically, he wanted attendees to understand the value of investing in Perpetual Dividend Raisers, companies that raise dividends year after year. They tend to be safer investments, outperform expectations, boost buying power and build wealth because of their compounding nature.
In closing, he recommmended three stocks. He also raffled off, sold and signed copies of the book for a line of Members that extended the length of the conference room foyer.
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Crypto Curious
The remainder of the day included presentations from our many Pillar One Advisors and guest speakers, whose topics ranged from investing in resource cycles (Rick Rule, Sprott U.S. Holdings) to geological royalties (David Cole, EMX Royalty …read more
Source:: Investment You
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