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November 1, 2023, By Tom Linzmeier for LOTM: Tom’s Blog
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Additional Features:
LOTM Ten Under $10 for the Double!
ETF’s for Trading
Long-term Themes for Building Wealth. Continue reading
Australia Equity Fund -13% dividend – IAFIAF pays a dividend in the 11% area. About 25% of this fund is in healthy Australian Banks. About 25% of the portfolio is in mineral mining companies. Gold, silver, nickel, copper and iron ore. The down draft in the fund’s price is related to the rise in the US Dollar vs Australian currency as well as weakness in the mining stocks. Weakness in mining stocks is also related to a strong US Dollar as well. Continue reading
Chart & Technical comment:
My current view of the market is that the decline from the market high in 2021, is a result of rapidly rising interest rates. It is not likely that the market correction is over yet. There is likely a second wave of selling that awaits us in 2023. The 2023 wave will involve a drop on earnings per share, corporate layoffs and bankruptcies. Remember the saying, “A recession is when your neighbor is laid-off and a depression is when you are laid-off.” That is coming next year. Some of us will be choosing between electricity, heat or food. This hardship is caused by government policies that are crushing the economy while at the same time causing energy policy induced inflation. It does matter for whom you vote. That is not to say I am a fan of either party. They are both controlled by lobbyists of various corporations and a deep state group no one elected. Continue reading
Times are interesting to say the least.
Issues that are causing stress in equities, commodities and bonds include:
In the above environment, we believe in investments with a theme around Oil & Gas, Precious Metals and Bitcoin is warranted. Continue reading
