Commercial real estate is a very local matter. If you can find a good building, in good shape, with a reliable tenant, and decent cash flow, it could be a good place for your money.
Another solid "politically screed-less" missive today. I think Bill should continue this theme permanently. Everyday the title should be, "What to Do With Your Money Now, Part III . . . Part IV . . . Part V" and so forth.
That's how it was in the day. Then Donald Trump trumped him. And then came the Gaza fiasco, and Bill Bonner went over the edge. Looks like he may be trying to claw his way back. Time will tell. Best always. PM
Years ago I really wanted.A bunch of commercial property. I have commercial residential property. A few diamonds passed me by but generally, I see those buildings thatI wished and tried to own and see vacancies. I say thank you God.
Thank you Bill! I bought some property and built a bolthole with some of my crypto holdings. Wasn’t a great idea, but at the time I figured hard assets would be more valuable in the future, which I still believe, just a few years early. Lost lots of money on paper, but time will tell. Just don’t know how much of that wonderful time I have left🤔. Anyway, I see the cracks starting in the housing bubble, and believe by this time next year, we will have an incredible opportunity to buy homes very cheap. By then the Dow should be in the low 30s, and gold will be 4500, coming closer to your goal. It will be a good time to start buying investment properties and build assets for your future generations 😊
Hi Bill, over the weekend, can one of you guys (probably Dan) do a "deep dive" into Bitcoin? Hopefully include the results in Part III of what we should do with our money on Monday. I suspect a lot of your subscribers would be interested in a "deep dive".
My issue with Bitcoin and crypto’s in general is that they too are man-made. Digial fiat instead of paper fiat. And, I still can’t see where and what
the ‘Asset’ is in cryptos. It has no intrinsic value hence it can only value can be as a currency. But why would any government let it compete with what they issue? Stick with Gold!
Hi Conic, I guess Bitcoin could be "too" man-made but everything that has value is man-made. Yes, Gold was made by the universe but, if it wasn't for the efforts of man, it would have no value. I believe that probably the most important aspect of paper fiat is that governments determine it's value by creating the amount in circulation. I disagree that Bitcoin is "digital fiat" because no government (yet!) determines it's value. The value is purely determined by the market. Yes, governments probably hate that Bitcoin currently competes with it's currency but from what I've read, Bitcoin is here to stay. Wall Street has come on board, no stopping now. Personally, I do stick with GOLD. It is approximately 20% of my net worth. I'm betting it will maintain fiat value at least evenly. I also can't wait for the day when I can sell my gold and buy stocks cheaply (the day Dow/Gold Ratio is 5% or below). I also have 20% of my net worth in Bitcoin. I am betting Bitcoin will INCREASE in value. Thereby increasing my true wealth. If you might change your mind about Bitcoin, check out the BOLD strategy. GOLD and Bitcoin are currently uncorrelated which offers a fantastic opportunity. Essentially hold 75% Gold and 25% Bitcoin, rebalance monthly based on volatility.
The late Harry Brown wrote an article on diversification and it has been dubbed the lifetime portfolio. You only need to hold 4 things. 25% stocks, 25%bond,25% cash, 25% gold. The fund that does this is PRPFX. I learned of it when it was published in AAII in 2012 I believe. The article gives the ups and downs of each when you should rebalance based on % up or loss. This is suitable for those who do not wish to chase the ups and downs or the next sure thing (which usually are flash in the pans). It is good because all 4 are non-correlated so excellent diversification in 4 simple sectors. historical annual return has been 8-9%. You do not have to learn a lot to follow it. This is not for those who wish to swing for the fences and chase the latest Microsoft, Google, Nvidia, Amazon, or have to decipher all of the data overload available in todays technological world. Crypto would be hard to define since it may become cash. This is a sleep every night program as whichever sector is tanking your covered by 3 that should not be and the cash allocation takes are if immediate needs. Morningstar rates it in all categories a best. 1 year 19% 3 year 9.87% 5 year 15.2% 10 year 8.1%. Just a thought if you do not like to spend your time glued to a monitor.
For inquiring mind the expense ration is 0.81%. There is a Galileo fund that is a copy cat that has a lower expense ratio, otherwise you can look at the Vanguard Wellesly who also has a great record however it has not performed quite as well as the PRPFX. Those were mentioned in the article.
Yahoo finance claims: The fund allocates its assets as follows: 20% of its assets in gold, 5% of its assets in silver, 10% of its assets in Swiss franc assets, 15% of its assets in real estate and natural resource stocks, 15% of its assets in aggressive growth stocks, and 35% of its assets in dollar assets. It is non-diversified.
Yahoo also says the fund has: Max Front End Sales Load of 5.07%
Thanks for the insights Bill. Could Dan or Tom opine on why gold is not rallying in the face of some pretty significant global geopolitical risks? It seems counterintuitive. Also, as a Canadian investor, some thoughts from you all on the impact of section 899 in the Big Beautiful Bill for those of us holders of US equities
I just fainted. Now that I am finally conscious I have now looked at 2 days that Bill Bonner has given us good financial information without his bullshit rhetoric on politics, especially on Trump and the world situation. Is this the real Bill Bonner or an AKA.
Always appreciate your views. What a great team with Bill Bonner, Tom Dyson. Dan Denning and Joel Bowman. If I had the insights decades ago, sky was the limit. Now at 83 yrs old and sitting pretty good but learning more. Tom's portfolio working very well for me. Love his passion. Keep up the fantastic work. Subscriber forever. Phil Miller
The problem with all these different scenarios is that they all depend on that one little word "IF". Also. it's just as applicable to the past, present or extended future. I'll hang loose with gold (real money), explorer and royalty stocks, until we see what evolves with the debt and the dollar's decline. Can also use my silver coins as secondary money (as needed) during the interim period. The problem with "if" is (if a bullfrog had wings he wouldn't bump his rear end so much) and with my plan is (the best laid plans of mice and men often go astray). Otherwise, with 37 trillion debt (soon to be 40 trillion) what is anyone's financial or other prognastications mean, based on the past. Squat!!! Were like many of our pilots in WW2. We're flying on a wing and a prayer.
What about Private Credit. We have been very content earning 9-12% net through some relatively small (less than $25 million) funds. The ones we are invested in, are involved in various "niche" strategies, and are well collateralized. The lowest one we are in has 50% LTV. All are market agnostic. Have you considered these?
I need to make a correction here in my reference, my bad sorry. This is the link to the article I referenced. ( https://www.aaii.com/files/PDF/8666_the-permanent-portfolio-using-allocation-to-build-and-protect-wealth.pdf ) The Permanent Portfolio Fund PRPFX cofounded by Harry Browne uses a wider range of diversification including silver & Swiss Francs of assets than the Craig Rowland and J.M. Lawson suggest in the article published in AAII in 2012, that I mentioned in my prior posting. This will give the rebalancing points necessary for a minimal maintenance portfolio.
If we are experiencing the biggest bubble of all time i.e. a credit bubble. I'm guessing the pendulum will swing back to less promises and real things. I'm looking to avoid promises and prefer to hold real money.
Another solid "politically screed-less" missive today. I think Bill should continue this theme permanently. Everyday the title should be, "What to Do With Your Money Now, Part III . . . Part IV . . . Part V" and so forth.
That's how it was in the day. Then Donald Trump trumped him. And then came the Gaza fiasco, and Bill Bonner went over the edge. Looks like he may be trying to claw his way back. Time will tell. Best always. PM
Years ago I really wanted.A bunch of commercial property. I have commercial residential property. A few diamonds passed me by but generally, I see those buildings thatI wished and tried to own and see vacancies. I say thank you God.
P.S Like Bill,
it was cheaper to buy than rent. Glad I was forced to keep my powder dry.
Thank you Bill! I bought some property and built a bolthole with some of my crypto holdings. Wasn’t a great idea, but at the time I figured hard assets would be more valuable in the future, which I still believe, just a few years early. Lost lots of money on paper, but time will tell. Just don’t know how much of that wonderful time I have left🤔. Anyway, I see the cracks starting in the housing bubble, and believe by this time next year, we will have an incredible opportunity to buy homes very cheap. By then the Dow should be in the low 30s, and gold will be 4500, coming closer to your goal. It will be a good time to start buying investment properties and build assets for your future generations 😊
That's the story of my life: 30 years early can be just as bad as the proverbial "day late". Best always. PM
Hi Bill, over the weekend, can one of you guys (probably Dan) do a "deep dive" into Bitcoin? Hopefully include the results in Part III of what we should do with our money on Monday. I suspect a lot of your subscribers would be interested in a "deep dive".
Thanks,
Brian
My issue with Bitcoin and crypto’s in general is that they too are man-made. Digial fiat instead of paper fiat. And, I still can’t see where and what
the ‘Asset’ is in cryptos. It has no intrinsic value hence it can only value can be as a currency. But why would any government let it compete with what they issue? Stick with Gold!
Hi Conic, I guess Bitcoin could be "too" man-made but everything that has value is man-made. Yes, Gold was made by the universe but, if it wasn't for the efforts of man, it would have no value. I believe that probably the most important aspect of paper fiat is that governments determine it's value by creating the amount in circulation. I disagree that Bitcoin is "digital fiat" because no government (yet!) determines it's value. The value is purely determined by the market. Yes, governments probably hate that Bitcoin currently competes with it's currency but from what I've read, Bitcoin is here to stay. Wall Street has come on board, no stopping now. Personally, I do stick with GOLD. It is approximately 20% of my net worth. I'm betting it will maintain fiat value at least evenly. I also can't wait for the day when I can sell my gold and buy stocks cheaply (the day Dow/Gold Ratio is 5% or below). I also have 20% of my net worth in Bitcoin. I am betting Bitcoin will INCREASE in value. Thereby increasing my true wealth. If you might change your mind about Bitcoin, check out the BOLD strategy. GOLD and Bitcoin are currently uncorrelated which offers a fantastic opportunity. Essentially hold 75% Gold and 25% Bitcoin, rebalance monthly based on volatility.
https://bold.report/bold/performance
It's free!
The late Harry Brown wrote an article on diversification and it has been dubbed the lifetime portfolio. You only need to hold 4 things. 25% stocks, 25%bond,25% cash, 25% gold. The fund that does this is PRPFX. I learned of it when it was published in AAII in 2012 I believe. The article gives the ups and downs of each when you should rebalance based on % up or loss. This is suitable for those who do not wish to chase the ups and downs or the next sure thing (which usually are flash in the pans). It is good because all 4 are non-correlated so excellent diversification in 4 simple sectors. historical annual return has been 8-9%. You do not have to learn a lot to follow it. This is not for those who wish to swing for the fences and chase the latest Microsoft, Google, Nvidia, Amazon, or have to decipher all of the data overload available in todays technological world. Crypto would be hard to define since it may become cash. This is a sleep every night program as whichever sector is tanking your covered by 3 that should not be and the cash allocation takes are if immediate needs. Morningstar rates it in all categories a best. 1 year 19% 3 year 9.87% 5 year 15.2% 10 year 8.1%. Just a thought if you do not like to spend your time glued to a monitor.
For inquiring mind the expense ration is 0.81%. There is a Galileo fund that is a copy cat that has a lower expense ratio, otherwise you can look at the Vanguard Wellesly who also has a great record however it has not performed quite as well as the PRPFX. Those were mentioned in the article.
Yahoo finance claims: The fund allocates its assets as follows: 20% of its assets in gold, 5% of its assets in silver, 10% of its assets in Swiss franc assets, 15% of its assets in real estate and natural resource stocks, 15% of its assets in aggressive growth stocks, and 35% of its assets in dollar assets. It is non-diversified.
Yahoo also says the fund has: Max Front End Sales Load of 5.07%
Thanks for the insights Bill. Could Dan or Tom opine on why gold is not rallying in the face of some pretty significant global geopolitical risks? It seems counterintuitive. Also, as a Canadian investor, some thoughts from you all on the impact of section 899 in the Big Beautiful Bill for those of us holders of US equities
My money is on a stock market crash. Fed will loosen interest rates again.
Then, we will all watch the pendulum swing the other way.
For a while at least.
Just plain old sad & sorry!
And, it’s not caused by incompetence as much as it is “very little wiggle room”!
Get your popcorn, sit back and watch the circus!
I just fainted. Now that I am finally conscious I have now looked at 2 days that Bill Bonner has given us good financial information without his bullshit rhetoric on politics, especially on Trump and the world situation. Is this the real Bill Bonner or an AKA.
"Now, this is what I'm talking about...."Brilliant, Bill, keep it up!!
Always appreciate your views. What a great team with Bill Bonner, Tom Dyson. Dan Denning and Joel Bowman. If I had the insights decades ago, sky was the limit. Now at 83 yrs old and sitting pretty good but learning more. Tom's portfolio working very well for me. Love his passion. Keep up the fantastic work. Subscriber forever. Phil Miller
The problem with all these different scenarios is that they all depend on that one little word "IF". Also. it's just as applicable to the past, present or extended future. I'll hang loose with gold (real money), explorer and royalty stocks, until we see what evolves with the debt and the dollar's decline. Can also use my silver coins as secondary money (as needed) during the interim period. The problem with "if" is (if a bullfrog had wings he wouldn't bump his rear end so much) and with my plan is (the best laid plans of mice and men often go astray). Otherwise, with 37 trillion debt (soon to be 40 trillion) what is anyone's financial or other prognastications mean, based on the past. Squat!!! Were like many of our pilots in WW2. We're flying on a wing and a prayer.
Bill,
What about Private Credit. We have been very content earning 9-12% net through some relatively small (less than $25 million) funds. The ones we are invested in, are involved in various "niche" strategies, and are well collateralized. The lowest one we are in has 50% LTV. All are market agnostic. Have you considered these?
Thank you,
Mark Hood
I need to make a correction here in my reference, my bad sorry. This is the link to the article I referenced. ( https://www.aaii.com/files/PDF/8666_the-permanent-portfolio-using-allocation-to-build-and-protect-wealth.pdf ) The Permanent Portfolio Fund PRPFX cofounded by Harry Browne uses a wider range of diversification including silver & Swiss Francs of assets than the Craig Rowland and J.M. Lawson suggest in the article published in AAII in 2012, that I mentioned in my prior posting. This will give the rebalancing points necessary for a minimal maintenance portfolio.
THERE is the Bill Bonner I read and admired years ago.
In the UK we say "The best fertiliser iis the farmer's foot"
If we are experiencing the biggest bubble of all time i.e. a credit bubble. I'm guessing the pendulum will swing back to less promises and real things. I'm looking to avoid promises and prefer to hold real money.
I looked up Steve Hanke and wouldn't you know it; he's a neoliberal professor at Johns Hopkins. That's all I need to see...