I’m not worried about the debt ceiling crisis. If we default, it’ll hurt the dollar, explode the cost of debt, and probably send us into a shock-recession. I’m not worried in the slightest about my portfolio, though.
That’s because over the last few years, I’ve actually practiced what I’ve preached — my portfolio is stuffed with Swiss currency, gold, silver, international stocks, resource stocks, and other investments.
My portfolio is up for the month, and is up over 20% for the year — even though it’s mind-blowingly conservative and cautious.
I honestly feel sorry for the traditionalists out there. People who dump their money in US equity or US mutual funds and just ignore the rest of the world are essentially getting fleeced over and over by politically connected financial and investment firms. People are getting rich, and it’s not the average Joe.
About 10 months ago, I read one of the top 3 most important books on investing I’ve ever seen. It’s called “Going Global“, and it’s not cheap — it’s not for people looking for a crappy $10 book that has silly feel-good advice. It’s hard hitting, costs a little under a hundred dollars, and will blow you away.
As a side note, it amazes me that people are often asking me what the best book for $15 is for investing — you get what you pay for, and trust me, you do not want cheap, cliche, mainstream investment advice.
This book is different. It explains how to invest in a way that if the US sinks, you’ll be fine. It’s not melodramatic, and doesn’t explain the US is going to collapse like Mad Max — it’s cautious, safe, and because of that, it’s profitable over the long run.
Click here and read the info page. It’s by Casey Research, which means even the info page has more useful information than a traditional financial planner could provide in a month. I love these guys, and have been partnered with them for well over a year now, and will be for years in the future.
Remember, there’s no reason your portfolio should get destroyed by someone else’s insanity. Security is possible if you just do your homework — and this book is your homework.
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