World Right Side Up: Investing Across Six Continents
Chris's latest book "World Right Side Up" is the product of eight years of travel and research that began with a trip to China in 2005 and it offers invaluable insights into finding the diverse investment opportunities available in emerging global economies. Chris Mayer is managing editor of the Capital and Crisis and Mayer's Special Situations newsletters. He also is a contributor to the Daily Reckoning.
Graduating magna cum laude with a degree in finance and an MBA from the University of Maryland, he began his business career as a corporate banker. Mayer left the banking industry after ten years and signed on with Agora Financial.
In World Right Side Up, Mayer examines special markets from Brazilian farmlands to Colombian gold fields, from Chinese shopping malls to Indian hotels, from South African wine country to the boom/bust souks of Dubai. Such a diverse, around-the-world investing field trip explores all the nooks and crannies to discover hidden investment opportunities. This book is packed with ideas to power your portfolio in the years ahead. The fact is, the world's markets have changed in a big way. For the first time since before the Industrial Revolution, the emerging markets now contribute as much to the global economy as their more well-developed peers. Far from being an anomaly, this state of affairs is more in line with the bulk of human experience. For centuries, China and India were the world's largest economies. And so the world is turning...right side up. This change creates a wealth of opportunities for investors, in both the emerging markets and developed markets.
Mayer provides an entertaining view of the various regions visited he visited, including South America, Asia, Africa, North America, and the Middle East. He explores specific investment ideas and themes, including opportunities in agriculture, water, energy, infrastructure and much more and condenses this into five key takeaways from each region - an invaluable feature, offering resources to consult for more information and guidance.
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The Real Crash
We may be getting ahead of ourselves here with this book recommendation as it is currently in pre-order but this will certainly end up on the best seller lists and provide a valuable insight into today's national and international economic challenges. The Real Crash by Peter Schiff "argues that America is enjoying a government-inflated bubble, one that reality will explode . . . with disastrous consequences for the economy and for each of us. Schiff demonstrates how the infusion of billions of dollars of stimulus money has only dug a deeper hole: the United States government simply spends too much and does not collect enough money to pay its debts, and in the end, Americans from all walks of life will face a crushing consequence. "
Schiff, the author of other best selling books such as Crash Proof 2.0: How to Profit From the Economic Collapse
and How an Economy Grows and Why It Crashes
Schiff is an author, investment broker, and financial commentator appearing regularly as a guest on CNBC, Fox News, and Bloomberg Television. He also hosts his own radio show/podcast. The Real Crash is available now in pre-order and will ship on May 22.
You’re Broke Because You Want to Be
While this is not strictly an investing topic, in this day and age we think that many people may simply have to get back to basics in order to protect what they have. Living within one's means, or doing more to bring in more, will go a long way to providing you with a cushion against spiking food or gas prices. We highlight one book here that may provide financial help and training with its practical, easy to understand approach...
This is what the author says about his book:
I wrote this book for the average person who has a job, makes a living and still can’t seem to get ahead. I wrote it for the person who dreams of being rich but can’t quite seem to turn his dreams into reality. I wrote this book for the person who is ready to turn his life around and finally have financial freedom. I wrote this book for the person who is covered in debt and can’t seem to stop living paycheck to paycheck. I wrote this for the person who spends more than they make and can’t figure out how to stop doing it.
--Larry Winget
Currency Wars by James Rickards
We feature another outstanding book in this blog post: Currency Wars by James Rickards. This has been on the best seller lists for 4 weeks now and is highly recommended for understanding currencies and monetary policy on a global basis, especially in this current world economic climate. You don't need a degree in economics to understand this book. It is well worth the read.
Insider Trading: Throw Them All Out
Insider trading is illegal. But not everywhere. The book "Throw Them All Out" by Peter Schweizer is a tale of a slippery slope that is now an unrestricted free fall away from responsibility, morality, and accountability from our elected representatives. And it's not just a recent occurrence.
This book is not a simple exercise of theoretical ideas, it is an intense expose that names names and multiple instances of greed and power wielding for personal gain and it will make you mad. Among all the other challenges and horrors in these scary economic times, it is sad to have yet another scandal where those in charge (whether business or political "leaders") are proved to be in it only for themselves.
See why "Throw Them All Out" is just what we should do.
Self Directed IRA LLC – Investing Your Way
Self directed IRAs are growing in popularity because they make it possible for people to control their investments the way that they want to. Taking another step further in control is the self directed IRA LLC, and IRA set up with a Limited Liability Company structure. In this form, the account holder can instruct his custodian to invest in the LLC that the owner manages himself. The LLC is a business enterprise using elements of partnership businesses and corporate structure. The self directed IRA LLC reduces custodial fees since the involvement of the account custodian or trustee is restricted. The start-up charges for the account will be higher due to the complexity , and it is a good idea to consult with an incorporation specialist or attorney before proceeding . All profits from the LLC with the IRA receive tax deductible status.
A landmark case in 1996 allowed investors the right to pass profits they made through the LLC directly into the IRA and retain the same favorable tax treatment. The account holder of the self directed IRA LLC is normally the only one with authority for the LLC and all associated monetized accounts. The same rules apply for use of the retirement funds as with any IRA, and the investment options are similar to other types of self directed accounts . The holder could select conventional investments including stocks, bonds and mutual funds, or opt for less traditional investment vehicles including tax liens and real estate notes. In the self directed IRA LLC the custodian is usually not directed to make the transaction, and does not have the ability to limit the owner to specific kinds of investments. The account holder has checkbook control over the account and the authority to make transaction decisions quickly , even by simply writing a check. For those people who are secure in their investment philosophy, the self directed IRA LLC offers the most control over their retirement money.
What You Need Most To Make Money Trading Stocks
It doesn’t take a genius to figure out that you can make money trading stocks. There are already numerous millionaires out there who started out in the stock market. Before you take the leap though, you should set your sights on the vital tools that you should have to make hugely profitable trades.
Broker Service
If you are a complete neophyte to trade markets, one of the first basic concepts you should learn is the role of brokers. To put it straight, you can’t do without them. You need to get brokers to place your trades because they are the only ones who can do so.
You’d probably find trading stocks for a living a lot easier if all you had to do was to settle for the first broker you come across. You can’t just do that though. Much lies in picking that one perfect service provider.
You will still be largely responsible for the trades that you pick, but a good broker can help you a lot. Full service providers for instance give insider tips and advice which you might need. If however, you feel that you are better off with your own plans in place, you can get a discount broker.
Chart Package
Even those who haven’t started making trade decisions yet would know that the best charting software is an absolute necessity. Anyone who intends to successfully and profitably make money trading stocks has a software package under his wing.
There are a great many packages to choose from. Often though, the best choices are those that have already been around for many years. Longevity is a key element to look for simply because, the longer a charting tool has been around, the more reliable it is likely to be. Many long years of existence means people have been patronizing it enough to make it last so long. Also, longevity also implies that there is a large user base that is ready to lend a hand in case you have issues and questions or if you want to find experts to swap tips with.
Trading Plan
The real secret to successfully trading stocks for a living is a trading system or plan. If you don’t have one, you will be wasting your money on broker fees and chart costs. A system is what you need more than anything else because it is supposed to bring structure to your decisions. Hence, you make entries and exits based only on specific rules. This eliminates the chances of you making decisions haphazardly or on impulse.
There are some good plans that you can take and adopt according to your needs. The most ideal systems however are those that you make yourself. A custom plan is on top of everything else because only a custom plan can fit your needs exactly. You never have to force yourself to follow rules you may not be comfortable with.
You can’t beat trying to make money trading stocks. Before you jump right into the fray though, you should ensure that you have everything you need to help you succeed. Get your hands on a broker, charting package and trading plan before you make even a single trade.
Stock Trading Game
If you are not an experienced stock trader, here is an excellent and fun way to learn while doing - all for free. It's the Wall Street Survivor - a place to learn trading on their free trading simulator to track your progress. It's like paper trading, only more fun because you can participate in games to see if your model portfolio is the best.
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Recommended Links
- Daily Market Advantage
- IRS Publication 550, Investment Income and Expenses
- Mint.com – The Best FREE Way to Manage Your Money
- Penny Stock Prophet
- Securities & Exchange Commission: Day Traders
Recent Posts
- World Right Side Up: Investing Across Six Continents
- The Real Crash
- You’re Broke Because You Want to Be
- Currency Wars by James Rickards
- Insider Trading: Throw Them All Out
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