My search engine is Europe-based, away from prying eyes and security issues.
Security is my number one priority, whether on the home front or the financial markets. In over five decades of personal investing, except in a single instance, I have never invested with the focus on how much money I expected to make. I work seven days a week to make money. And I invest seven days a week to keep the money I have accumulated. From that point forward, I rely on interest, dividends and patience to fuel the compounding effect. One can never overstate the importance of patience.
I pay no attention to fluctuations in the stock market. Rather, I maintain my investments for the long term.
I recently made the single biggest series of investment transactions I have ever made at one time. Every dollar was invested in fixed income.
I have invested in gold for decades and never sold an ounce or a share of my holdings. I am more enthusiastic today about gold than normal, and plan to add substantially to my gold holdings in the coming years.
I do not buy stocks that do not pay dividends. My long-standing advice to all investors is to rely on dividends, compound interest and patience for the long term. That way, you do not hand over your dividends to the government when you invest in your tax-free retirement account.
Government is the central consideration when crafting investment strategy. Periods of economic expansion, as witnessed under the presidency of Donald Trump, offer a foundation for optimism in the financial markets. I voted for Mr. Trump as the most likely candidate to deliver a proper tonic for the economy. I have been pleased. History is clear in indicating that a highly regulated and taxed economy, as was likely to have been what we would have faced with Trump’s progressive opponent, would have offered a negative option.
Looking forward to the 2020 election, the most favorable outcome for the economy and the financial markets would be a 2nd term for President Trump, bringing along the prospect for additional Supreme Court justices cut from the same cloth as justices Scalia and Thomas.
Originally posted December 18, 2018.