Forum Replies Created
We are only a few weeks away from launching a new back-end for PeakProsperity.com.
With it, comes the ability to easily (re)arrange the Forums.
I’ve already done so on our dev site. If anyone wants to be a guinea-pig and review them, I’d happily welcome your feedback.
Today’s strength in the PMs is continuing in the aftermarket so far.
Gold has just hit $1,350 (a price last seen in April 2018) and silver is back above $16
From the newly-revamped PP Today’s Market page:
The big question here is: Can they go higher?
$1,350 has been a ceiling for gold since 2013/2014.
If it can punch above $1,400 and hold, then we’re in a new (bullish) era.
I leave it to Dave to expound on this more intelligently…
This is essentially what you can do using the Hard Assets Alliance, the precious metals solution officially endorsed by Peak Prosperity.
When you purchase through the HAA, you have the choice of having your PMs (allocated in your name) stored in Brinks vaults in several US and/or international locations (your choice).
PMs owned by US residents through the HAA are not subject to FATCA.
While you don’t “have the key” per se, the metal is held in your name. You can sell it or have it shipped directly to you at any time. I believe you even having the option of picking it up at the vault on demand (though double-check this with the HAA if that’s of interest to you)thatchmo wrote:
OMG, she just agreed! Woo Whoo! PP handles on the name tags this time, please! Aloha, Steve.
That’s great to hear, Steve!
And yes! We’ll definitely include PP handles on the nametags (for those who want to share them)thatchmo wrote:
Cinco de Mayo on April 27? Ah well, ‘long as there’s great tamales, I’m in! I went this year, I’m going next. Highly recommended. Aloha, Steve.
Great to hear — Bring your lady this time!
Sounds like propaganda to me 😉
Here’s a preliminary draft of the current agenda for our 2019 annual seminar. It is fluid at the moment and is (very) subject to change.
But it will give you a good sense of what we’re planning:
THURSDAY, APRIL 25 — NIGHT
- 6-8:30pm — Informal meet & greet: this will be a totally optional gathering for folks already in town. We’ve reserved space at a local pub for those who have already arrived to mingle for a bit. We’ll have some finger food but you’ll have to buy your own drinks. Very casual and NOT mandatory. Location: Crooked Goat Brewery, 120 Morris Street, Sebastopol CA. We have the Lounge reserved in the back (you’ll be able to easily find us.)
FRIDAY, APRIL 26 — DAY
- 8:30-9am — Registration: arrive at the Sebastopol Center for the Arts venue (282 S High St, Sebastopol, CA), get your name tag, pick your seat, etc
- 9-9:30am — Welcome & Orientation
- 9:30-10:30am — Current state of the Three Es #1: the latest data on where we are in this story
- 10:30-10:45am — Financial Capital Top 10 list: what we recommend prioritizing
- 10:45-11am — Break taste samples of Sonoma County strawberries and honey
- 11-noon — Real Estate Investing: Owning a tangible asset that generates income is a time-proven way to build wealth (plus the tax laws are increasingly in your favor). Robert Helms and Russell Gray of The Real Estate guys break down the fundamental ways to approach investing in this asset class.
- Noon-1:30pm — Lunch break: Folks are on their own for lunch, but there are lots of local eateries within walking distance. We strongly recommend pairing up with any new friends you’ve made during the morning session.
- 1:30-3pm — Money Q&A panel: “Ask anything” session with Chris, Adam, the New Harbor financial analysts, plus specialists in accounting, estate planning, and real estate.
- 3-3:30pm — Break: mingle with The Real Estate Guys while enjoying samples of sustainably-raised meats compliments of Victorian Farmstead. Also, Spirit Works Distillery gin & whiskey tasting.
- 3:30-4:30pm — Workshop: teach what you learned, identify your top Financial Capital priorities to address, what remaining questions do you have?
- 4:30-6pm — Going Deep…Fast! now is when things get personal. We’ll go through a series of exercises designed to get our assembled “tribe” fully plugged in with one another, opening the door wide for tomorrow’s collaborations
- 6pm — End of seminar Day 1 ‘official’ program
FRIDAY, APRIL 26 — NIGHT
As with lunch, folks will be on their own for dinner. There are many great restaurants in walking distance of the seminar venue.
But…we’ll also have optional events that night that folks can join in if they want to:
- 6:30-7:30pm — Private Tour of Kosta Brown winery: for those interested, we’ve arranged a private tour of Costa Brown, one of the most exclusive wine-producers in the country. Its pinor noir was selected captured Wine Spectator’s Wine of the Year award several years running. Price: $10/person.
- 7-9pm — Farm-To-Table “Off The Cuff” Dinner: 35 folks will join Chris, Adam, Charles Hugh Smith, Axel Merk, John Rubino, Wolf Richter, and The Real Estate Guys for a 4-course dinner at Zazu. Price: $150/person.
- 9-10pm+ — Socializing: Anyone who wants to can gather for drinks after dinner and get to know each other better. Location: Crooked Goat Brewery (meet in the main room — we won’t have the Lounge reserved this time)
SATURDAY, APRIL 27 — DAY
- 8:30-9am — Arrive: arrive at venue, pick your seat, etc
- 9-9:15am: Share yesterday’s highlights/prepare for today
- 9:15-10:45am — Emergency Preparedness: Disaster prep guru Mat Stein identifies the best gear, skills, preparations and relationships to have in place to weather the greatest number of potential crises.
- 10:45-11am — Break: tour of the Art Center’s sustainable landscaping initiative by April Owens of The Habitat Corridor Project
- 11-noon — Living Capital (health): Functional health, nutrition, fitness, sleep and stress management best practices from Ryan Parker and TBD nutritionist specialist
- Noon-1:30pm — Lunch break: There are lots of local eateries within walking distance. We strongly recommend pairing up with any new friends you’ve made.
- 1:30-2:45pm — Living Capital (systems): Paul & Elizabeth Kaiser of Singing Frogs Farm share the practices that have made their farm one of the most successful sustainable farms in the world
- 2:45-3pm — Break Enjoy tasting flights of Devoto wine and cider
- 3-4pm — Developing A Success Mindset: most of us are blind to the behaviors that sabotage our potential. Professional development expert Joe Stumpf will share techniques for developing a mindset to excel.
- 4-6pm — Emotional/Social Capital: guest expert and Gottman-trained therapist Mike Basta will offer science-proven practices for such key topics as dealing with a reluctant partner, how to deal with resistance when sharing this material with others, dealing with the stress/isolation around this material. This will be a highly interactive session.
- 6pm — End of seminar Day 2 ‘official’ program
SATURDAY, APRIL 27 — NIGHT
Again, we’ll have optional events that night that folks can join in if they want to. But if you’d rather head out somewhere else on your own, that’s fine, too:
- 6:00-7:00pm — Cider Press party: Sebastopol was built on apples. We’ll press our own cider for you to take home. Ice cream and cake, too!
- 7-9pm+ — Dinner: Our treat! We’ll walk to a nearby brewpub to enjoy Mexican food, craft beer, good music and great company. Location: Woodfour Brewing Company, 6780 Depot Street, Sebastopol, CA
SUNDAY, APRIL 28 — DAY
- 8:30-9am — Arrive: arrive at venue, pick your seat, etc
- 9-9:15am —Share yesterday’s highlights/prepare for today
- 9:15-10am — Personal Security: PP member and police officer Tom Cairns provides
- 10-10:45am — Home Energy: Best practices, most promising solutions for home power conservation and generation
- 10:45-11am — Break Guayaki and Indigenous
- 11-noon — Time Capital: Making All This Actionable In Your Life: final workshop exercise, converting the weekend’s insights into prioritized, actionable steps for you to take upon returning home
- Noon: End of seminar Day 3 ‘official’ program
SUNDAY, APRIL 28 — AFTERNOON EXTRACURRICULARS (OPTIONAL)
Even though the official seminar is over, we’ve putting together a few optional value-add experiences folks can participate in during the afternoon if they want to, depending on their interests.
Right now, the list of these experiences includes:
- 1-2:30pm: Singing Frogs Farm farm tour #1 — Paul and Elizabeth Kaiser will be offering up to 30 people a walking tour of their award-winning farm (which is a 10-minute drive from the event venue). You’ll be able to see first-hand the installations and practices responsible for their success. This will be booked on a ‘first come, first served’ basis. Price: $20/person.
- 3-4:30pm: Singing Frogs Farm farm tour #2 — Tour #1 filled up so quickly we scheduled a second one. Price: $20/person.
- 3-4:30pm: Real Estate Syndication — learn how to participate in real estate syndications, in which you invest passively in real estate for income without having to find/purchase/manage properties yourself.
- 4:30-6pm: Farmland LP — interested in owning sustainably managed organic farmland as a passive investor? Craig Wichner will present on the funds owned and operated by Farmland LP
- 3-7pm: Private personal financial consultations with New Harbor Financial — our partners from New Harbor (who are participating in the seminar themselves) will be available for private sessions for anyone interested in applying the Financial Capital advice from the seminar within their own investment portfolio.
The only point I take exception to is the advice on short term treasuries. If you bought them last year, then they are down in value and you arent getting the interest rates that are being offered now. Not a huge deal but the timing was a little off. The best time to buy treasuries is right now, as interest yields have probably peaked and values are down. Buy them up now and get close to 3% on the 2 year with a chance of rising value over the next year when they start slashing rates.
Let me clarify as I disagree with several of your points. Mainly, I think you’re confusing short-term T-bills with longer duration Treasury notes and bonds:
- We recommended putting bank cash into short-term Treasurys instead for several reasons, the prinicipal one being that Treasurys at the time were yielding over 20x more than the average bank savings account. Short-term Treasury yields have nearly doubled since then, making the comparison even more attractive vs bank accounts.
- We focused on short-term Treasurys because they are designed to be held to maturity, which is easy to do as their durations are very short (a few weeks to a few months). If you stick to that plan, you always get the interest + 100% of your principal back. So you don’t lose any money from any bills you buy “going down in value” as interest rates keep rising.
- We proposed considering creating a rolling ladder of T-bill investments as long as interest rates are rising, with the proceeds being automatically reinvested. This way, you benefit over time by rising rates — getting a higher yield every time your bills rollover. (And of course, should rates suddenly fall, your current bills won’t lose you any money if you hold them to maturity. You may want to stop the reinvestment schedule, though.) This is what I personally have been doing.
Those who have followed these steps since we first suggested them have benefitted very well vs had they kept their money in a low-yielding bank savings or money market account. Plus they’ve had the peace of mind knowing their money isn’t subject to bank failure/bail-in risk. So I still stand by this call by PP.com as being very sound.
Last, your proposed strategy of buying now and gaining appreciation as interest rates start going down applies to Treasury notes and bonds. In this case, you’re speculating — and T-bills are not the right vehicle for this. Primarily due to their very short durations
hail: The summary module doesn’t currently offer the option to include bond data.
But the development team for the service we’re using seems to be listening to me when I make a special request asking for changes to their code. So I’ll ask them to put adding Bond summary data onto their worklist.
As an FYI, I’ve also asked them to create a similar chart as they have for the US 10-year rate for LIBOR (which they don’t offer yet). If they’re able to create an API for that, I’ll add a LIBOR chart to this page, too.
Thanks for the feedback so far — nice to hear the new page sounds well-received.
q-botsy: The serving speed of this page should improve within the next few weeks, when we have caching for this page optimized.
sand_puppy: adding a link to the Finviz futures heat map will be easy to do.
Granny: glad you like it. My hope is that we all start using this page on a regular basis. If we aren’t, then that’s a sign it’s not useful enough and needs more tweaking. So please, let me know if this indeed becomes part of your daily web surfing habits or not.
Keep the feedback coming!