Richardcyoung.com

The Online Home of Author and Investor, Dick Young

Investing

Petrified Snow/Ice Fishing? How about a Boat? and More

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One of the greatest things about winter is you can dream about summer. After a few days of warm(er) temps here in New England, we’re seeing some of the snow melt. Quite a bit, actually, has already melted in Newport, RI, except for those stubborn piles of petrified snow—not very pretty. I’m not sure it […]

Marry Compound Interest, Divorce Market Timing

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Update 2.22.2021: The Dow Jones Industrial Average Index closed at 31,494.32. Originally posted August 3, 2018. This week a long-time reader contacted me looking for some insight he could pass along to his children about the dangers of market timing. I’ve written on the topic many times over the years and wanted to share something […]

Richard Young Reports: 50+ Years with Fidelity and Wellington

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I started in the institutional research and trading investment business at Model Roland & Co. on Federal St. in Boston in August 1971. Just up the street from Model were Fidelity Investments, and Wellington Management, both of whom I called on from my very first hours on the job. Over five decades ago, Ned Johnson, […]

Gold’s 50-Year Price Explosion

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Originally posted on July 27, 2020. Part I I was there from the start.  In early August 1971, I had just joined internationally focused research and trading firm Model Roland & Co. On 15 August 1971, President Nixon shocked the world by announcing that the U. S. would no longer officially trade dollars for gold. […]

Every Investor Must Have a 5/10% Gold Hedge

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Originally posted August 11, 2020. Jeff Deist of LewRockwell.com writes abridged: Fed Bugs are people with a faith-based belief in the power of central banks (and central bankers) to engineer economic growth using “monetary policy, “despite decades of history and current evidence to the contrary. They believe tinkering with inputs and rates and velocity and […]

Fidelity #1: GameStop and NEVER Selling You Out

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As you know, Robinhood offers online traders an easy way to invest in stocks like GameStop. But did you know it makes it’s money from PFOP or payment for order flow? What PFOP means is that Robinhood sells its own customer trading data to outsiders—those more than willing to pay for it. Why you might […]

How You Should Invest Today: Part II

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Originally posted August 24th, 2020 The two charts below show the long-term compounded dividend and stock price growth for Dover Corp. and Procter & Gamble. In each case, the long-term trend shows a pattern of consistent annual dividend growth, matched with long-term stock price appreciation. In the case of Dover, the dividend has compounded at […]

Money 101: There’s a Reason Family Always Comes 1st

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Are you aligned with a money gathering business, or are you aligned with a money manager? The money-gathering business is all about bigness. They tell you all about how big they are when all you care about is, “how are you going to help me?” Welcome to the world where being big—whether it’s big tech […]

Dick Young’s Safe America Chapter III, Part I.

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The People’s Chemist writes, “State -of -the art science methods prove masks fail to block viral spread. Viruses are everywhere – so tiny a grain of salt is 1,000 times larger.” The medical journal Influenza and Other Respiratory Viruses showed “no relationship between mask/respirator and protection against influenza protection.” The People’s Chemist concludes, “We can […]