The FREE Investment Newsletter That Really Works!
Learn To Invest The Right Way
Free Investment Newsletter
Why We Do It
Investment Strategies That Actually Work
The Financial Intelligence Report
Today’s Free Investment Newsletter
Our Track Record
A Word From Bob
As Seen & Heard
Blogtalk Radio w/ Doug Gibbs
College Radio w/ Ellen Ratner
Fox Business News Live at Noon
IRN / USA Radio network w/ Laurie Roth
KBYR Alaska w/ Eddie Burke
KCMX Oregon w/ Casey Baker
KETX Texas w/ Don Campbell
KGLO Iowa Mark DurenKamp
KGMI Washington w/ Joe Meehan
KIKK Texas w/ Kevin Price
KLBM Oregon w/ Cliff Turner
KMJ California w/ Christine McClune
KTRH Texas w/ Roger Hudson
KTRS Missouri w/ John Brown
KUIK Oregon w/ Jeff Kropf
KXYL Texas w/ Marc Cope
Mac'sWorldLive Iowa w/ Mac
Radio Liberty w/ Dr. Stanley Monteith
Rumormill News w/ Raye Allen
Supertalk Mississippi w/ Sid Salter
WBOB Florida w/ Kim Magdelien
WDRC Connecticut w/ Phil Mickan
WDRC Hartford w/ Brad Davis
WDUN Georgia w/ Bill and Joel
WFMN Mississippi w/ Paul Gallo
WGSO New Orleans w/ Jeff Crouere
WHLO Ohio w/ Matt Patrick
WIMA Ohio w/ Mike Miller
WIZM Wisconsin w/ Charles Osgood
WIZM Wisconsin w/ Mike Hayes
WMOV Virginia w/ Greg Gack
WOR New York w/ Joey Reynolds
WOWO Indiana w/ Charley Butcher
WRJ Wisconsin w/ Pete and Jan
WRKO Massachusetts w/ Tom Finneran
WTCM Michiggan w/ Norm Jones
WTRU North Carolina w/ Tess Davis
WZTK North Carolina w/ Allan Handleman
The FREE Investment Newsletter That Really Works!
9.17.2017 - Free Investing Newsletter
on September 16, 2017 in
Hello everyone, I've made it through the storm. I'm sorry about not putting out a letter on Sunday or Wednesday, but as you all know, Hurricane Irma made a visit to our part of Florida and well, things just took a bit of time to get 'normal".
For some in Florida, normal won't be for two years. For others like me, normal started showing up Thursday when the power came on. So, while I don't want to bore you with all the gory details, let me give you the Readers Digest version of things.
Irma was roaring towards the Florida coast all last week. We had all used up our Prayers trying to turn it out into the sea, but it wasn't to be. On Friday, I spent the day at my wife's office, packing up records, computers, files, you name it. We did everything we could think of to protect what we could.
We felt we were in pretty good shape, because earlier in the week, I had made reservations at the Hyatt hotel in Sarasota. They told us the Hyatt would be a great place to hunker down. They had a generator, and they had food for the restaurant, and it was built to very good specifications. So my plan was simple, I'd board up the office Friday, the house Saturday morning and then go hunker down at the Hyatt and watch the show.
Well, while securing the office, a friend called and had no where to go. So we called the Hyatt trying to book another room. The person on the line said something that hit us like a punch in the gut. They said "not only are there no rooms, we're evacuating the building". I said, "what about my reservations for Saturday, Sunday and Monday?" Sorry sir, they're canceled.
So, it's a day and a half before a CAT 4 storm is about to land somewhere near us and we didn't have a really wonderful place to go. I had already set my mom up pretty well, her sister lives in a retirement home, complete with generators, steel shutters and no where near a flood zone. So she was to be in good hands. But the wife, the kids and me? Not so much.
Thus, we came up with an alternative. Our friends D and B, have a modern house, Concrete block, built to hurricane standards with steel shutters, etc. We'd go there, along with some fragile friends with some disabilities.
On Saturday, I sent my boys down to help them put up the hurricane shutters, and I remained home putting up my shutters and plywoods. Then things got really goofy. As they kept raising the storm surge estimates, the emergency folks ordered even D&Bs area evacuated. While I had absolutely no belief that the surge would be anywhere near what they were saying, we had disabled folks with us. Folks in wheel chairs. We couldn't risk it. They had to go.
In a rush of what you could call controlled panic, my two boys, and a convoy of people left to head north. It seemed to me to be a doomed plot. They were hoping to maybe find a hotel somewhere near maybe Orlando, or Jacksonville, or where ever. HA! There wasn't a hotel in the State of Florida. So they fought off empty gas stations, and bumper to bumper traffic for some 16 hours to end up holed up somewhere in Georgia.
As for me and the wife? I'll tell you about that saga some time in the future, it's an interesting story.
When the storm hit us late Sunday night, the town of Sarasota was blessed. Irma had ducked into the west coast of Florida down in Naples, and came up "inland" of Sarasota. As it was chewing through the marshes and the thick wooded areas of central Florida, it lost a lot of steam, and by the time it reached us it was more like a very strong tropical storm with a few hurricane blasts. Yes there was trees down. Yes the power went down. Yes there was localized flooding. But in the big picture, it was nothing.
However, the poor folks inland got massacred. It's a sin that the media shows you some storm surge on the beaches and some waterfront homes with a little damage. That's NOTHING. Half of the interior of Florida looks like the Keys. Total destruction. Massive flooding. Livestock dead or missing, the orange
crop decimated, barns gone, houses gone. Yet little is said about them.
The Peace River and the Myakka river hit all time record flood heights. People in the surrounding areas had 3 - 8 feet of water in their homes. Some homes are gone completely. It's very very sad. Having had my house removed by Hurricane Sandy, I know what those poor people are living through. Been there. Done it.
But in Sarasota proper, the storm was more of an annoyance than anything else. 185,000 families lost power. I was down for 6 days. Yes I cleaned up branches, yes I chain sawed a tree off my neighbors shed. Yes I cut down a tree that was blocking another neighbors garage. Yes I had to throw out all the food from two refrigerators. Yes I had to run on Generator power for a couple days. But all in all? It was nothing. Not compared to what the Keys went through or the Virgin Islands.
My family is fine. Most of my friends are fine. Some of my friends inland need some help and we’re doing what we can. “Normal” won’t return to us for a couple weeks. “Normal” won’t return for some down here for a couple years.
I’m penning this on Saturday morning. In Sarasota county, 46,000 families and businesses still have no power. The way the trunk lines run truly boggles the mind. You can have two businesses occupying the same parking lot. One has power, one does not. Or two houses on the same street. One NEVER lost power, the other is still down 7 days later. Go figure.
A lot went right for me and my family and for that I will forever be thankful. For those still in desperate need, we pray daily for you.
I tell no tales. From Sunday through Wednesday, I didn’t see a TV, have a computer, or know anything more than what I was receiving via my small handheld shortwave radio. For all I knew, the market could have crashed, or hit new highs. I found out later, it took the high route.
So by Thursday, I’m finally starting to look around, and a few of the first things I saw, was enough to make me wish the power didn’t come on. The following is from Bloomberg:
Like so many companies in America, Boeing Co. has largely neglected the gaping deficit in its employee pension as it doled out lavish rewards to shareholders.
What's raising eyebrows is how it plans to shore up the retirement plan.
Last month, Boeing made its largest pension contribution in over a decade. But rather than put up cash and lock in the funding, the planemaker transferred $3.5 billion of its own shares, including those it bought back in years past. (The administrator says it expects to sell them over the coming year.)
It's a bold move, and one cheered by many on Wall Street. Yet to pension experts, it isn't worth the risk. After a record-setting, 58 percent rally this year, Boeing is betting it can keep producing the kind of earnings that push shares higher. If all goes well, not only will the pension benefit, but Boeing says it will be able to forgo contributions for the next four years.
But if anything goes awry, the $57 billion pension -- which covers a majority of its workers and retirees -- could easily end up worse off than before.
So, the pensions- the retirement of so many of the folks that are building this company’s planes, rests on the idea that the market never crashes. Does anyone but me see a problem here? This is just like the Norwegian wealth fund, which wants 70% of its pension money in equities. Either they know that the global Central banks will never let stocks fall, or they’ve been conned into something truly frightening.
My guess is that they see so much financial engineering, so much manipulation, they’re banking on things going just swimmingly for ever. Consider this little gem:
CVS Needs Aggressive Buybacks to Meet FY18 Estimates: Jefferies
So Jefferies is saying that based on organic growth, sales, revenues, expenses, etc, the only way they’re going to make their earnings estimates is if there’s less stock out in the float. Now follow the plot... what’s CVS going to do? They’ll probably sell corporate debt to fund a massive buy back program, thus boosting EPS, while at the same time incurring debt liability. How lovely.
We hit all time highs again on Friday. No one cares about North Korea’s missiles. No one cares about anything but watching stocks soar to unimaginable heights. I didn’t have any swing positions or short term trades on this week simply because I had no power and my computers were holed up in a safe room many miles away. But come Monday, we’ll be back in the swing of things.
Personal: Back on 9/11, after the twin towers came down, we made a deal where anyone that bought a year’s subscription to the Insiders Club, we’d donate half the price to the Red Cross. I’ve been asked if I’m going to do that or something like it for Irma relief.
The answer right now is no
. I think we picked the wrong outfit. I would have much rather seen the money go to the salvation army, because frankly they’re the people I see out in my community. I haven’t seen a Red cross truck. But
I’ve seen the Salvation Army people everywhere.
I don’t want to use this publication and leverage it to this disaster. What I will say is that if you want to use the “donate” button below and toss us a few bucks, I’ll be using donation money to continue to buy gas, water, food, chain saw oil, gas cans, etc, for the people that I can help personally. I’m not looking for sympathy or praise, it’s just how I’m wired. I cannot live with myself seeing someone struggle with a vehicle on empty, and a flooded house, when I have 5 gallon jugs and gasoline. Take care, and I’ll see you all on Wednesday.
6.14.2017 Free Investing Newsletter
The story of Henny Penny, also called Chicken Little, or sometimes Chicken-licken (not to be confused with “Finger-licken” from Kentucky Fried Chicken), the terrified little chicken convinced that the sky is falling and that life as we, or at least as chickens know it, is over... is so common that “the sky is falling!” and “Chicken Little” and related names have become bywords for fearmongering, and the often tragic results that occur.
8.16.2017 - Free Investing Newsletter
Wizard of OZ
In the movie the Wizard of Oz, the all-powerful, all knowing Oz really just turned out to be a little man behind a curtain, with no special powers, but who had all sorts of smoke and mirrors and eerie noises he could use.
9.27.2017 - Free Investing Newsletter
Ethanol, the Problem
The other day I wrote a piece about dealing with the heat of Florida during a power outage, where the temp might be 94 degrees and the Humidity over 85%. I mentioned that a good gas generator, and a small window air conditioner can indeed get you through some rough nights.
7.29.2017 - Free Investing Newsletter
Do I dare?
Having been a gold and silver bull for a long long time, sometimes you feel pretty good about things, and other times...well, you don’t. When gold went from 295 to 1000 an ounce as we predicted, we sure felt good. When we did the first “Vegas” play and turned 30K into 1.2 million via silver miners, we felt good. Even when we did the second Vegas play and turned 19K into 244K (which like an idiot I didn’t take off the table) things were good.
9.3.2017 - Free investing newsletter
Do you know the plan? Has anyone called you with it? No? Well me neither. So, since we don’t have the plan, the only thing we can do is ask questions and try and figure out that plan.
We are in the most bizarre of worlds. Not many know this, but when you add up the assets that have been bought by the leading Central banks of the world, you come up with a startling figure.
9.6.2017 - Free Investing Newsletter
It’s Monday morning. I’m sitting here looking at the spaghetti string models of Hurricane Irma. I have to tell you, I’m not warm and fuzzy with what I see. Yes it’s a week away. However, on this particular day, 4 of the “better” models have Irma hitting Southern Florida and coming right up the center of the state. Only one has it putting in a really hard right turn late in the week and sending it up into the Carolina/Virginia area.
Bob's Not Nuts (19)
Free Newsletter (212)
Hot Topics (255)
Investing 101 (23)
IY Insiders' Club (2134)
Track Record (1)
Trading Course (6)
Copyright 2017 by Invest Yourself
Design: HammerFlex DNN Skin by Christoc.com