New "Biometric" Tech to Surge 29,000% in Next 3 Years
This technology is creating entire new industries overnight, an eye-popping $50 billion in wealth. One research firm projects the market to surge 29,000% in the next four years. Another firm, IDC, estimates that shipments of this technology… between now and 2018… will generate a 78.4% compound annual growth rate. In 2009-11, one pioneer saw its stock skyrocket from 37 cents to $94 - turning every $1,000 investment into $248,891 in just two years. An exceptional example of course, but it proves just how big this new technology is. Click here. | |
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| Wednesday, August 13, 2014 | Issue #2352 | |
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Where I Keep My Cash Marc Lichtenfeld, Chief Income Strategist, The Oxford Club
 Last week, Investment U Chief Investment Strategist Alexander Green suggested following Warren Buffett's lead and holding on to your cash stockpile for a bit.
The strategy makes sense. As Alex pointed out, the market "has gone a long time without even a middling correction." And by having some spare cash, you'll be able to take advantage of opportunities when a correction does come.
It's important to note that Alex is not recommending selling stocks at this time. He suggests simply holding on to some cash rather than putting it to work.
The problem for most investors is that cash pays nothing.
Obama Falsely Takes Credit for 94-Year-Old Man's Invention
Early in 2013, President Obama made a bold claim.
He took credit for a new economic development that's creating "hundreds of thousands of good jobs," according to the transcript of his speech.
The only problem is... "his claim is still false" according to the Washington Examiner.
In fact, if you can believe it, a 94-year-old inventor was responsible. You might be surprised how his story could affect you. | |
I remember the days of getting 4% for keeping money in the bank. These days you're lucky to get 1/100th of that. Seriously. My brokerage account money market pays 0.01%.
According to Bankrate.com, the average money market in the United States yields one-tenth of a percentage point, annually.
The average one-year CD pays 0.24%. Two years is 0.37%, and if you want to lock up your money until 2019, you can take home a whopping 0.78% per year.
I don't know about you, but there is no way in hell I'm locking up my cash for five years and getting less than 1% per year.
So what are your options besides those feeble CDs?
Some investors are attempting to eke out some extra yield by investing in short-term bond funds. For example, the Invesco Short Term Bond Y Fund (Nasdaq: STBYX) yields 1.86%. If you like the idea of a bond fund, I strongly recommend you stay with short-term or ultra-short-term funds.
Bond funds will lose value when interest rates rise. The longer the average maturity, the worse the decline will be. So sticking with a short-term fund lowers your chances of losing money if rates spike.
But to take on risk in return for such a low yield doesn't make sense to me.
Risk-Free Yield
I have my cash in an EverBank Yield Pledge Money Market account. The yield is guaranteed to always be in the top 5% of competitive accounts in the United States. And, of course, the account is FDIC-insured.
And being an Investment U reader comes with an important benefit: an extra 0.1% bonus interest rate.
EverBank is currently offering Investment U readers who open a new account a 1.5% special six-month bonus interest rate. The composite annual percentage rate (APY) for one year is 1.06% based on balances up to $50,000.
Look at that chart further up the page. You get half that rate for a five-year CD. EverBank's Yield Pledge Money Market pays 1.5% for the first six months and your cash is highly liquid. You can use it at any time subject only to withdrawal limitations under federal law. No ongoing penalties or fees.
Investment U and the Oxford Club have a marketing relationship with EverBank. I can tell you however, that I was a satisfied customer before I ever mentioned EverBank in any column. In fact, I add cash to my account on a regular basis, because, quite frankly, I can't find a better interest rate anywhere else.
[Note: To get the 1.5% bonus interest rate, which includes an extra 0.1% for being a reader of Investment U, you'll need to call EverBank at 1-855-283-1795 and mention referral ID 13571. If you don't mention code 13571, you won't get the extra 0.1%.
You can go online at www.EverBank.com/OXFSpecial for all the information and important disclosures, but to get the extra 0.1%, you have to call and mention code 13571.]
What I love about my job is helping people make more money. It feels great when I recommend a stock that does well and investors collect great yields for years or when they sell a stock for a big gain.
It's a rush, but it's also not easy.
Pointing people to a no-fee high-interest-rate money market account is easy. Especially knowing that you'll always get one of the highest yields in the country, no matter where interest rates go in the future.
So now, if you take Alex's advice about keeping some cash on the sidelines, at least you'll get paid to do so.
Good investing,
Marc | |
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It pays to develop a shopping list of stocks to focus on during market corrections. Even companies with strong fundamentals will see their stock prices fluctuate, sometimes dramatically. One way to increase the odds of entering your trade before a big advance is to use the stock's moving averages. Read On... | |
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Three companies have roughly doubled the market this year while delivering juicy yields. Better: All three have a history of raising their dividend year after year. To learn who they are, sign up for the premium edition of Investment U by clicking here. | |
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Natural gas sells for $20 a barrel. And it's two to six times more abundant than oil. That's why Siluria Technologies, a Silicon Valley startup, recently raised $63.5 million in private funding. Read On... | |
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