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Steve's note: Today, you'll find the final essay in our Retirement Millionaireseries. If you've been reading this week, you've learned how to take a nearly-free vacation, a little-known way to access your retirement savings without penalty, and how to save 60% on a night out. But I think this last essay is the most important one you're going to read from my friend and colleague Dr. David Eifrig. For retirees in particular, this market is dangerous. And today's essay will show you how to... Get Paid to Protect Your SavingsBy
Sunday, February 8, 2009
Owning gold during turbulent times, like now, makes sense.
If gold continues its seven-year uptrend, I expect you can make a safe 20%-25% a year with this strategy.
The best calls to sell have a strike price 10%-20% above the current price and expire in six months or so. Those will give you the plenty of cash upfront and still leave you some upside on your shares. If you haven't sold options before, you should talk to your broker about the best way to take advantage of this opportunity. Please don't rush out and do anything you don't understand.
But as I said above, this trade is one of the safest, easiest ways to own gold. It's a fantastic hedge against calamity and the collapse of the dollar. Plus, with 25% annual gains, you can earn more income than the best dividend-paying stock in the marketplace today.
Here's to a healthy and wealthy retirement, Dr. David Eifrig
Further Reading:
The Double-Digit Bear Market Income Secret Market NotesAN UNUSUAL CHART, UPDATED FOR 2009
Back in March 2006, we published an unusual chart along with an unusual essay.
Despite the 2003-06 rally in the S&P 500 index, folks weren't any richer for owning stocks. The prices of fuel, food, and housing had climbed faster than stocks... So profits earned in the market weren't actually adding to your purchasing power. Our chart displayed the performance of stocks measured in terms of real, tangible wealth: gold. You see, governments can print extra pieces of paper currency to pay for any ridiculous program you can imagine. This extra money in the system amounts to someone clipping little bits of value off your dollars. It's a silent, faceless theft hardly anyone notices. Hardly anyone except gold. Gold is money Washington can't create with speeches, a printing press, or the stroke of a computer key... We've been urging you to own some for years. And not only is it a good idea to own gold as "wealth insurance." But we're also believers in sticking with the big trend... no matter what the trend is. As you can see from today's updated chart of gold vs. the S&P, stocks are still declining against gold. The golden uptrend continues. |
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