One of the more interesting emails I received was “The Felder Report” by Jesse Felder. “I couldn’t be more vocal about the risks to investors in the US stock market …” The blog can be read at http://thefelderreport.com/2014/12/03/the-true-contrarian-is-on-an-island/. It is worth a read.
China has overtaken the US as the world’s largest economy. China’s economy has been growing at 7% per year and the US at 2%. There are several ETFs which invest in China. Doug Fabian at Fabianwealth.com has a weekly podcast where he coninues to suggest some of the better China ETFs.
Paul Merrimon has a weekly podcast where he presents his ideas on long term investing. In his latest podcast he mentioned that he has review annuities and feels the USAA and Vanguard offer the best annuity at the lowest cost.
The government is proposing that you be allowed to rollover your 401k into a governent annunity. It will be managed and guaranteed by the government. As an annuity you will get a fixed monthly income, but unable to get to the balance if you need it and when you pass away it is gone. Seems like another way for the government to take your money. 18T in admitted debt (and 113T in additional guarentees) and they want me to let them have my 401k.
IBD TBP’s Current Outlook is “Confirmed Uptrend” – time to invest.
Only 7 of the 130 funds I follow would be a buy on my criteria.
My current investments:
SPharmaceuticals has a price of 23.00, a sell price 21.85, a rank of 08, and is a Hold.
SBiotechnology has a price of 218.42, a sell price 207.50, a rank of 01, and is a Hold.
SHealthCare has a price of 237.77. a sell price 225.88, a rank of 05, and is a Hold.
STransportation has a price of 97.11, a sell price 92.25, a rank of 02, and is a Hold.
SAirTransportation has a price of 75.03, a sell price 71.28, a rank of 04, and is a Hold.
The price and sell price of SBiotechnology was adjusted by a distribution of 23.84.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 100% invested