Archives for July 2018

July 2018 - Page 17 of 18 - Money Morning - Only the News You Can Profit From

Why I Think One of America's Greatest Investors May Be Digging Through My Mail

Howard Marks, one of the wealthiest investors in the United States, just released his newest investor letter, and in it, I find a few ideas that are eerily similar to what you and I have been talking about for months: Index investing is a dangerous, expensive Wall Street con. 

If you're not familiar with this battle-scarred (and unreasonably wealthy) veteran of the markets, Marks fought his way through both the equity and bond markets for over 40 years.

He also happens to be an extremely incisive writer, with his book, "The Most Important Thing," considered a must-read for anyone looking to achieve success as an independent investor.

In his latest letter, he takes on index investing, an approach that I frequently call a silly waste of time if you're beyond middle age and don't have four or five decades to build your wealth.

Ironically, it was Marks' University of Chicago professors who birthed the idea of index investing in the late 1960s. They saw it as a way to ensure you never underperform the Dow Jones Industrials or S&P 500, as well as never pay ridiculous management fees. (So much for that idea…)

But what most investors don't understand about indexes – and what I want to show you today – is that indexes didn't become popular because the returns are phenomenally good…

… rather, it's because the active managers have phenomenally good salesmen working for them night and day to sell the pipe dream of low-risk, high-return indexing to regular, unsuspecting investors…

In other words, the active managers are phenomenally bad...

3 Top Penny Stocks to Watch in July 2019

Penny stocks are one of the best ways to pursue triple-digit gains without spending large amount of money.

However, successful penny stocks are incredibly hard to identify.

In order to give Money Morning readers an advantage, we're bringing you the top three penny stocks to watch in July 2018.

While there are several definitions of penny stocks, we use the official S.E.C. definition: any stock that sells under $5.

This definition allows us to look at value stocks with a wide range of market caps and industries when searching for profits...