| Wednesday, November 19, 2014 | Issue #2420 | |
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Want to Dine
at the Chesterfield?
Follow This Advice Marc Lichtenfeld, Chief Income Strategist, The Oxford Club
 This weekend, for my in-laws' 57th anniversary, we took them to dinner and dancing at the Chesterfield Hotel on Palm Beach. It is just as fancy as it sounds.
My 13-year-old son, who tends to enjoy the finer things in life, took the whole scene in - the terrific food, the talented band, the nattily dressed clientele - and said, "Dad, I want to live like this."
I'm embarrassed to admit this, but I gave him the standard advice parents have been giving their kids for years. "Find something you love to do, work hard and you'll be successful." Fortunately, my son doesn't stand for generic statements like the one I just uttered.
"C'mon Dad. I won't get rich at a job. How can I make a lot of money so that I can live like this?" he pressed.
In between his entrée and his crème brûlée, I answered him.
The Secret
I said that the way to get rich is to either start your own business or make your money work hard for you.
I further explained that your money will work hardest when you don't listen to conventional thinking and buy quality investments that most people hate.
Imagine how much better off you'd be if you loaded up on real estate or stocks in 2008 when everyone believed the world was coming to an end. Was Procter & Gamble (NYSE: PG) about to go out of business? How about Lockheed Martin (NYSE: LMT)?
You only have to look back a few years to periods of extreme optimism or pessimism. And if you did the exact opposite, you would have made a killing.
Scientists Invent Invisibility Cloak (Seriously)
 Researchers have made a shocking breakthrough involving a new substance that can make objects completely invisible to the naked eye.
The Nature Scientific Journal reports this breakthrough is "a new building block from which to engineer the world."
One tiny company holds the key patents on this substance. And we think its $9 stock could soon skyrocket. Full details here. | |
During the turn of the 21st century when stock investing became America's favorite pastime - when Maria Bartiromo, a 32-year-old business reporter, became a household name, when books titled Dow 36,000 were published and when doctors and lawyers were quitting their jobs to day trade - if you had seen the froth in the market, you could have at the very least avoided getting hurt in the proceeding downturn.
The same thing can be said about the real estate market in 2006. When professionals were quitting their jobs to flip houses, when housing reality shows turned up on TV, when otherwise smart people proclaimed that real estate is the only way to make money because they're not making any more of it: That was another sign of extreme sentiment.
And in 2008 and early 2009 when people who'd been burned by collapsing real estate and stock prices sold and went to cash, claiming they were done with investing because it's a sucker's game, when talking heads on TV loudly worried that the end was near and things would never be the same, and when the permabears proudly thumped their chests proclaiming, "I told you so," that was, perhaps, a once-in-a-lifetime opportunity to buy real estate and stocks.
Act Now
But you don't have to wait for a market collapse to find great investments. There are plenty of opportunities within individual stocks or sectors.
For example, in my Oxford Income Letter, I recommended Intel (Nasdaq: INTC) in April of last year. At the time, nearly everyone on Wall Street claimed the PC was dead and Intel was dying along with it. We sold the stock 69% higher in just over a year. I also recommended Meredith Corp. (NYSE: MDP), a magazine publisher and another sector that people compared to dinosaurs. That position is up 38%.
And last month, with oil prices plummeting, I recommended an integrated oil company, preferring to buy the stock when oil prices were low rather than when they're at all-time highs. I don't know if the stock will be up a month from now, but I'm very confident it will generate well-above-average returns over the long term.
I hope my son will find something he loves to do, work hard at it and be successful. But I also hope he'll follow my investment advice and go against conventional thinking. That way, he'll be able to take his mother and me out to the Chesterfield for our anniversary.
Good investing,
Marc
Editor's Note: Hopefully, Marc has also shown his family his new report. It details how anyone can turn an investment of as little as $2 a day into $3.1 million or more. Just click here for the details. | |
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BIGGER THAN BITCOIN... 3-D PRINTING... EVEN THE SMARTPHONE
A new tech trend is about to impact virtually every aspect of your daily life. It's essentially an Internet "update" that projects the web everywhere. Inside your car... in the skies... at your local grocery store. It doesn't even matter if you own a PC, tablet or smartphone.
According to Fox News, this far-reaching tech is "too big to be called the next big thing." Marc Lichtenfeld has researched this situation extensively and produced a short video with all the details. Click here to watch. | |
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Yesterday PetSmart (Nasdaq: PETM) reported mixed quarterly results. Sales were unimpressive but profits did jump. The main reason shares are surging higher today is due to continued talks surrounding the company being taken private in the near future. Read On... | |
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One stock is paying off for investors not despite Wall Street's negativity about it, but because of it. It's "a strong dividend payer that's cheap and unloved," which is music to our ears. Readers of Investment U's premium edition are learning about it today. To join them, click here. | |
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There's a seismic macroeconomic shift going on right now. It's happening on a global scale, and it will shake up investment portfolios everywhere in the world. Mistakes will be made, but fortunes will be made, too. Read On... | |
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