investment advice
We pride ourselves on giving our clients well-researched investment advice, plus a rational, conservative investment philosophy that has served investors well for many years, through good and bad markets. However, I always have an opinion on the market outlook and I’m happy to share it with you. My view is that the market downturn that got going this week could carry on till October and knock another 5% to as much as 15% off the market indexes. My guess is that the damage will be greater in speculative areas. Risk is always higher in speculative stocks, and prices of many speculatives have risen out of proportion to value. Of course, I could be dead wrong – nobody can consistently predict market trends. If I’m wrong, my best guess is that I’ll err on the negative side – that is, the market downturn will fall in the lower end of that 5% to 15% range....
As you probably know, our Successful Investor business model has two parts. We publish investment advice through The Successful Investor Inc., and we manage investor portfolios through Successful Investor Wealth Management Inc. (These two companies are affiliated by common ownership; I own both but keep them separate for regulatory purposes.) This two-business model has advantages for our subscribers. The problems we encounter as money managers, and the solutions we come up with, help us to give our readers unbiased, practical advice. This serves as a counterweight to advice you may encounter elsewhere that is based on misapplied theory, or tainted by conflicts of interest.