DOMINATION REPORT
What You Need to Know About Defense ETFs
They’re some of the hottest trades on the market.
Nearly every defense ETF Exploded higher after Trump inked a weapons deal with the Saudis worth nearly $350 billion over the next 10 years. Nearly every one ran even higher after Donald Trump asked for approval on a $668 billion defense budget, too.
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The Investment Metric That Outperforms All Others
What is the most important metric tied to stock performance?
This is the question I get asked more than any other. People want the silver bullet - that one secret indicator that outperforms all others.
Well, I have the answer.
The complexity of the investment field has made it difficult to determine a “right” answer to this question. Benjamin Graham’s exploration in ‘The Intelligent Investor’ was the first work to provide convincing answers. But the 80 years following the book’s release have seen thousands of ever more complex theories and models all trying to answer this same inherent question. From the Nifty Fifty to the Dogs of the Dow to The Little Book That Beats the Market, it seems like everyone has tried to offer a simple solution that at least temporarily outperforms.
Read MoreThey Trade Better Than You
I used to manage a CTA fund.
CTA stands for Commodity Trading Advisor. It is a managed program similar to a hedge or mutual fund, but only trades commodity futures - oil, nat gas, ags, indexes and the like.
I didn't trade it.
I worked with a well-respected trader in the industry. He traded the accounts. I handled the paperwork, clients, brokers, give-up fees, allocations, etc.
Read MoreA Crash Course in Stock Spin-Offs
Following the herd is the surest way of achieving mediocre performance. To produce superior returns, investors have two options.
First, be smarter or know more than the other guy. Legendary investor, Howard Marks, refers to this as “second level thinking." For example, “Everyone thinks Apple has peaked and sales will begin to suffer. But I believe they are wrong and the company’s brand loyalty and continued innovation will generate greater-than-expected sales and profits. Therefore, I’m going to buy the stock even though the talking heads on CNBC prefer Samsung.”
Read MoreFATCA Is Stealing Your Freedom
On March 18, 2010, the American people lost their freedom.
The year prior, Senator Max Baucus (D-MT) and Representative Charles Rangel (D-NY) introduced the Foreign Account Tax Compliance Act of 2009 to Congress. When the bill failed to get traction, they got creative.
An appropriations bill sponsored by Senator Harry Reid (D-NV) known as the HIRE Act (Hiring Incentives to Restore Employment) was scheduled for a vote around the same time.
Read MoreHow The Super-Rich Avoid Estate Taxes
The Unites States federal tax code: 74,608 pages of wealth-robbing nonsense designed to support a bloated, over-reaching federal government and disperse American wealth according to the whims of corrupt politicians. Created in 1913, the original document contained only 400 pages. It is now 187 times longer than it was a century ago. This growth has transformed it from a simple document into an all-encompassing political agenda.
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