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    • Sat, Jan 18, 2020 - 03:23pm

      #9

      Adam Taggart

      Status Platinum Member (Offline)

      Joined: May 25 2009

      Posts: 2847

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      Seminar page

    Yep. Here’s the page with all the details on this year’s seminar.

    cheers,

    A

    • Fri, Jan 17, 2020 - 01:22pm   (Reply to #2)

      #6

      Adam Taggart

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      Joined: May 25 2009

      Posts: 2847

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      Biased response

    Do you all recommend jumping in with both feet and trying to go to the May 1-3 conference? Or take it slower?

    Well, I’d recommend it. But since it’s my own conference, I’m a pretty biased source 🙂

    If anyone reading this has attended one of our past seminars with a spouse/partner, I’d appreciate you weighing in with your experience, to give Kevin a fairer picture.

    But, Kevin, I will say that from my personal observation across a decade of these seminars, *most of the time* it’s a very successful catalyst for bridging the divide that many couples have around this material.

    That doesn’t necessarily mean your wife will enthusiastically leap on the PP train and start sharing the Crash Course with all her friends when you get home.

    But hopefully she will:

    1. understand much better why this material is important to YOU and respect that, and
    2. realize that PP isn’t a doomsday prepper cult, and instead is full of wonderfully intelligent people with a desire to do good in the world.

    The latter tends to be the more common surprise factor for ‘reluctant’ partners who come with reticence. They’re not expecting to enjoy themselves so much and be so inspired.

    That said, I’ve seen one or two times when a partner tapped out early on. I can’t promise that won’t happen in your case; but given the little you’ve shared about your wife above, I don’t get the sense there’s a big danger of that.

    Hope we see you in May!

    cheers,

    Adam

    • Thu, Jan 16, 2020 - 09:21pm

      #4

      Adam Taggart

      Status Platinum Member (Offline)

      Joined: May 25 2009

      Posts: 2847

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      Resources for successfully engaging your spouse/partner

    Yes, Paul beat me to the punch here.

    Kevin: the first thing to know is that YOU ARE NOT ALONE!

    Chris, I and the majority of PP.com readers have all experienced the challenge of trying to see eye-to-eye on ‘The Three Es’ with our spouse/partner.

    And while there’s no magic formula, we do have some resources that will definitely help.

    I like that you used the adverb “gently”. Keep that as your north star in this process and your odds for success will increase 🙂

    cheers,

    A

    I’m glad to hear that, Will.

    Especially as I (and, I’m guessing, most folks here) am often also at a loss on what to say in such sad situations.

    I’m hoping that the expressions of care & concern here from folks like you are some solace to Michael, that his life matters to us and that he’s got PP supporters in his corner from all over the world.

    ao —

    You work in medicine and I’m sure are more aware than most of how many Americans’ bodies have alignment issues. Whether due to injury or our modern sedentary lifestyle, muscles often get underused and thus weaken (especially in the back), leading to posture mis-alignment (my term, not necessarily a medical one) and/or joint stress that often worsens with age/use.

    At our last annual seminar, we had a mobility specialist present on the most prevalent issues he sees in patients. His work is rooted in kinesiology, anatomy, physiology, biomechanics, and pain science.

    Most of the audience recognized at least some of those warning signs in their own bodies. For instance, I spend way too many hours in a hunched position over my laptop, which pushes my head forward, dramatically increasing the downward force on my neck and creating an overuse/underuse imbalance with my upper and mid-back muscles.

    The presentation was extremely well-received. I’ve been meaning to post a video from it on the site for a while now, and your comment is a reminder that I should do that soon. I’ll try to get it posted it this week or early next.

    I get the reaction to the ticker price, jgritter.

    As mentioned, this is not going to be for most pocketbooks. And I absolutely understand (and support!) those who would prefer to use that kind of money to build resilience in other forms of capital.

    The challenge here is the cost of personalized attention from knowledgeable health experts. The double-digit 1-on-1 dedicated hours with quality professionals simply add up and far outweigh the cost of the venue.

    Yes, we can find a cheaper hotel to do this at. It will knock a few hundred dollars of the total price. But from what we’re hearing so far, if folks are going to pay the cost for the professional hours involved, they want to stay somewhere nice.

    If we can find a way to offer the type of experience folks want for materially less money, we’ll do it (remember, we’re pricing this at cost right now — PP isn’t making money in this model). But the concept as currently described is the best balance we’ve been able to find so far between price and the personalized experience folks are asking for.

    Financial advice aimed at smaller investors would be helpful. I had a call with New Harbor – PP’s recommended financial advisor. I liked them a lot but their minimum amount of investment is 50k. We’re not there yet but I’m not comfortable putting substantial assets (for us) in one of the Target Funds that all retirement plans recommend. And I don’t have the time, expertise and stomach for investing on my own. So I’m not sure what to do there.

    ….Does participating in traditional retirement plans make sense, or would it be better to take those contributions and invest in resiliency or precious metals? Maybe us non-boomers should start our own thread somewhere?

    Desert Indigo –

    It sounds like you’ve already covered the basics:

    • emergency cash stash ($500-$3k) for natural disasters
    • ‘rainy day’ savings fund (3+ months of income) in case of job loss/illness/etc
    • pay off non-productive debts (loans, credit cards, etc)
    • initial precious metals holdings as insurance against currency crisis

    and are now working on building to an $amount that will offer diversification as well as upside/income potential.

    Good for you. You’re already ahead of the vast majority of US households.

    Now, there’s an old saying in investing: “the first million is the hardest“. That’s even more true for the first $100,000.

    And it’s even harder for folks with a Peak Prosperity mindset, who are skeptical of today’s market overvaluations. Safe haven investments like precious metals and T-bills have vastly underperformed the S&P over the past decade.

    But, to paraphrase John Hussman, it’s far better to grow slowly with safety than it is to grow fast but risk losing it all.

    Which is why I prefer a slow-but-steady-wins-the-race approach for those focused on building their financial capital foundation.

    I, myself, still follow that approach. Despite having a larger portfolio than you, I still approach investing very much as I did when I had a negative net worth after graduating business school, and wrestled to pay off my student loans:

    • Be ruthlessly frugal. Every dollar saved is one less you have to work for.
    • Invest for safety (at least, until the markets correct and valuation multiples return to historic norms). When building your savings foundation, don’t chase “growth” at the risk of losing a sizable chunk of your portfolio if the markets collapse. You’re working too hard to set yourself back like that.
    • Focus on your savings rate vs your portfolio rate of return. You have full control over how much money you put towards savings each month. You have zero control over what the markets may do. Instead of depending on asset price appreciation to hit your goal, focus instead on what % of your income you can save each month, and then challenge yourself to beat that % next month. And any appreciation that comes from your growing portfolio of (conservatively-invested) savings will be ‘icing on the cake’.

    Even with a ‘low risk’ portfolio of cash/T-bills and very conservative stock & bond funds, it gets easier as you approach your goal. Not only do you get better at saving with practice, but as your portfolio grows, even a small rate of return begins to add noticeable wind to your back.

    As to retirement funds, if your employer is giving an attractive match, I generally recommend funding it up to the matching limit. And if you qualify for a Roth IRA, I recommend doing so — the tax-free compounding and withdrawal is a deal that’s hard to beat.

    [For those about to jump down my throat: yes, I share your concerns that retirement accounts may get ‘raided’ during extreme times. I think we’ll have enough warning beforehand (as things will need to get quite bad) to act if need be. But, given those concerns, I don’t recommend keeping 100% of your financial capital in retirement funds.]

    All this said, I’d encourage you to also consider investing for income (click here to read all my reasons why).

    Real estate in particular offers a great vehicle for this for younger people like you, who can take full advantage of the coming decades to have the income generated by the property pay off the mortgage.

    If you’re willing to hustle, there are real estate investors out there willing to give you equity in their deal in exchange for services — like scouting potential properties, helping with admin tasks like permit filing, managing investor communications, etc. That’s a great way to learn about the RE investing business and get deal upside without having to commit any money.

    TLDR: my general 2 cents is to keep on plugging away and playing it safe until you have enough discretionary funds to take greater risks with. Discipline and compounding will get you to your goals given enough time.

    As always, this is not personal financial advice/talk to your financial advisor before taking action/etc/etc…

    • Sun, Sep 22, 2019 - 04:31pm

      #3

      Adam Taggart

      Status Platinum Member (Offline)

      Joined: May 25 2009

      Posts: 2847

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      404 errors

    Just letting folks know I’m hearing the reports of some (all?) people getting 404 errors when trying to edit.

    I’ve alerted the IT team and will report back when I have an update.

    • Tue, Aug 27, 2019 - 03:38pm

      #29

      Adam Taggart

      Status Platinum Member (Offline)

      Joined: May 25 2009

      Posts: 2847

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      OK – here's the plan

    Wow — ask and ye shall receive.

    Thanks for all the feedback folks.

    Clearly, there’s strong interest in both topics.

    Here’s what I’ve decided to do.

    For this Friday, I’m going to write about layoff risk. How it’s increasing at the macro level, signs your job may be at risk, how to reduce your vulnerability to a layoff, and what do asap should a pink slip appear on your desk.

    AND, for next Wed, I’m going to produce a webinar on investing in the precious metals miners. It will bring back Brien Lundin, publisher of GoldNewsletter.com, the oldest-running analysis of PM miners; feature Rick Rule, Sprott’s renowned mining expert; and include, of course, Chris. We’ll take as much audience Q&A as possible during the webinar.

    This webinar be free to all and will air live on Wed @ 7pm ET/4pm PT. You can register for it by clicking here.

    As usual, everyone who registers will receive a replay video of the event once it’s over.

    That’s about as close as I can come to pleasing everyone. Hope it’s sufficient for now.

    cheers,

    A

    • Mon, Jul 29, 2019 - 04:19pm   (Reply to #4)

      #6

      Adam Taggart

      Status Platinum Member (Offline)

      Joined: May 25 2009

      Posts: 2847

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      re: re: Sudden gold gap up in aftermarket

    Finviz (click here)

Viewing 10 posts - 1 through 10 (of 278 total)