- Work till you drop: 1/3 of Americans 65–69 still working?!
- How to get a leg up on Wall Street insiders and accelerate your retirement calendar
- FB hits a ceiling: An update on one of our rare “freebie” recommendations
- Why should a company go public when it can do an “initial coin offering”?
- Boeing survives without the “Bank of Boeing”… gold as a relative thing… Illinois and Michigan take opposite pension paths… and more!
Working Past 70: Americans Can’t Retire,” says the headline on Drudge this morning.
The link goes to a Bloomberg story that tells us, “The share of older people in the workforce is higher than at any point since before the creation of Medicare.”
That’s brutal. Medicare was enacted in 1965 — when some of today’s “retirement age” Americans were still learning to drive.
Today one-third of Americans age 65–69 are still working at least part time.
Ditto for nearly one in five Americans 70–74 — double the proportion barely two decades ago.
“The longer you work, the easier it is to afford a comfortable retirement,” the Bloomberg story continues.
“Longer lives and rising health care costs have made retirement more expensive at the same time that stagnant wages and the decline of the traditional pension have made it harder to save enough.”
If those sentences ring uncomfortably true for you… we’d like to direct your attention to one of our most ambitious projects to date.
Thanks to a $1.3 million licensing agreement, Agora Financial recently gained access to a patent-pending tool. This tool is so powerful, it can generate the kind of money corporate insiders have been making for years — weekly gains of $5,290… $10,200… even $35,700.
Only instead of feathering their nests, this is money that can bolster your retirement savings…
“We’re looking at quite possibly the best time in history for the everyday investor, because there are no longer barriers to entry,” explains trading veteran Alan Knuckman.
Alan got his start more than 25 years ago as a clerk on the Chicago Board of Trade. He didn’t get that entry-level job because he was necessarily smarter or more ambitious than anyone else; he got it because he’s six-foot-three and stood out on a trading floor crammed with guys jumping and shouting. (Even then, it was still almost exclusively men.)
But Alan does have smarts and ambition, so he parlayed that first opportunity into a successful career in which he’s traded everything from bonds to pork bellies. He gets regular invites to appear on CNBC, Fox Business and Bloomberg TV.
[If you’re a really longtime reader, you recognize Alan’s name from a previous stint with us at Agora Financial; we’re delighted to have him back in the stable.]
Thanks to electronic transactions, the crowded trading floor of Alan’s early days is mostly a memory now — which opens up vast new possibilities for the little guy.
“The guys on the trading floor are no longer here,” Alan explains. “They don’t have the advantages that they used to. Technology has leveled the playing field, not only from the standpoint of the trading floor, but the tools that an individual investor can use were only for the reserved few.
“Morgan Stanley and Goldman Sachs once had the best technology on the trading floor. Now everyone has the same ability to execute an order at lightning speed. This is a revolution in trading.”
Ah, you say, but what about the knowledge advantage? Don’t those big boys still have a leg up thanks to superior information the rest of us don’t have?
“What if I told you there was a new way to know exactly what to trade… and when to trade… using a revolutionary trading tool that no one else has access to?” Alan goes on.
As it happens, Alan is one of only 432 people in the world with access to a powerful new market indicator. This indicator, he tells us, “tips you off about impending big market news… before the news becomes public.”
It’s so innovative that a colleague of Alan’s — who for now must remain nameless — filed a patent with the U.S. Patent and Trademark Office…
What makes it such a breakthrough? “Virtually every other trading system that I’m aware of is based on price data,” Alan goes on. “That is, they only trigger a ‘buy’ signal when the price changes — after the big move has already happened. By the time you get in, you’ve already missed the biggest gains.
“This revolutionary market indicator is completely different. It gives you the critical information you need before the big price moves happen. It lets you get ahead of everyone else in the market and profit when the information finally becomes public.”
Always skeptical, Alan put this tool to the test himself. And he found it has the potential to generate an average gain of 350% in a week. Week after week.
So now you can level the playing field with the big boys of finance… and, more important, shave months or even years off your own retirement date.
Alan will reveal how you can put this one-of-a-kind technique to work in a live online event less than 48 hours from now. It’s Wednesday at 1:00 p.m. EDT. Access is free, but we do ask that you sign up in advance so we can gear up our computer systems to accommodate everyone.
The trading week is off to a slow start: The major U.S. stock indexes are little moved from their closing levels Friday.
Gold slipped closer to $1,200 overnight but as we write the bid has recovered to $1,213 — about where it was on Friday.
Crude is recovering a bit from last week’s losses, a barrel of West Texas Intermediate fetching $44.56.
For the record: Ray Blanco says it’s time to cut Facebook loose.
Out of respect to paying subscribers, we don’t give away many of our editors’ recommendations here in The 5. But we did mention Ray added FB to the Technology Profits Confidential portfolio last year, mostly as a play on virtual reality; its Oculus Rift headset is the state of the art, as I learned firsthand when I gave it a try.
“Facebook’s core business has also been doing well,” Ray says. “The company is executing and selling ads. The FB stock, however, keeps getting rejected off a level near $155.”
It’s still good for a 25% gain in a year.
Facebook, by the way, is one of the Big 5 stocks that now dominate the S&P 500 along with Amazon, Microsoft, Alphabet (Google) and Apple. All five have stalled in the last month, but In Lifetime Income Report, Zach Scheidt is still holding onto Apple — another of our “freebie” recommendations — as the release of the 10th-anniversary iPhone approaches.
Forget the initial public offering: Some up-and-coming companies are bypassing the Wall Street fandango and opting for “initial coin offerings.”
Rather than going public in the traditional way, they’re raising money through cryptocurrencies like Bitcoin and Ether.
Over the weekend, The Wall Street Journal told how two companies you’ve never heard of raised a combined $400 million this way in recent weeks. That’s more than the $300 million raised last month during the much-ballyhooed IPO of the “meal kit” company Blue Apron Holdings.
“Buying into a coin offering is like purchasing a ticket to a Broadway show months or even years before a performance hits the stage,” is the Journal’s analogy. If it’s the next Hamilton, you can sell it at a huge multiple of your purchase price. Or it might never hit the stage and you’ll lose everything.
Sounds a little too risky for our blood… but these ICOs are one reason fewer companies are going public these days, while cryptocurrencies are going berserk. Bitcoin jumped 160% during the first half of this year, while Ether soared 3,350%.
[Reminder: Thanks to the dogged work of our research team, you don’t have to know a thing about Bitcoin to make a fortune from it. All you need is $20 and the willingness to try something new. Check this out right away.]
Two years on and the effective demise of the “Bank of Boeing” hasn’t harmed Boeing’s bottom line one bit.
Ever since the Great Depression, a corporate welfare program known as the Export-Import Bank has been subsidizing the foreign buyers of American-made goods. In July 2015, the government’s charter for the Ex-Im Bank expired. While the charter was renewed later that year with the Obama-Ryan “zombie budget” deal, there’s now a strict cap on loan size — $10 million is the max.
The top 10 beneficiaries of Ex-Im benefited from 65% of the bank’s activities… and the No. 1 beneficiary was Boeing. In the two years since Ex-Im expired, BA’s market cap has grown from $99 billion to $120 billion.
“U.S. exports in general don’t seem to have been affected by the end of Ex-Im, either,” economist Veronique de Rugy writes at Reason. Merchandise exports began sliding six months before Ex-Im’s charter expired… and they’ve been rebounding this year.
On the campaign trail, candidate Trump said he wanted to shut down Ex-Im for good. President Trump, however, says he wants to restore Ex-Im’s full lending power. As it happens, Barack Obama performed an identical flip-flop eight years ago.
Once again, to paraphrase Sarah Palin, how’s that swampy-drainy stuff workin’ out fer ya?
Our reader dialogue about gold and long-term market cycles stretches into a new week: “To all of those who believe that the price of gold is in a bear cycle,” says today’s entry, “I comment that if Einstein were still alive today, then I should expect for him to say that the price of gold is ‘relative.’
“The price of gold expressed in yen, euros, yuan, rupiah, rupee, Canadian dollars, SDRs or what have you does not follow the same cycle pattern that is seen when expressed in U.S. dollars.
“People buy gold, commodities, food and things using the currency of the country that they are located in, but when a sudden sharp devaluation occurs, the adjustment to the price of gold and other currencies is instantaneous. This is why I know that gold is money. It takes days, weeks and in some cases months for the price of goods to adjust to devaluation as stocks fly off the shelves. The price of land can take years to recover, and the stock market can follow another pattern to fall and lie long in capitulation. I witnessed this when I lived in Indonesia at the time that the Asian Crisis hit.
“Jim Rickards has done an outstanding job to open people’s eyes to understand that the real cycle we should be concerned about is the role that the U.S. dollar will play in the world of the future. But there are still those who walk around today with both eyes shut to the relevance of gold to currencies. R.I.P. Albert Einstein.”
And people are still writing in about the demise of old-style pensions: “Several years back I read Retirement Heist by Ellen Schultz, a Wall Street Journal investigative reporter.
“I thought she made a compelling argument for how ‘the death of defined benefit pension plans’ was the result of a carefully orchestrated and intentional campaign by Corporate America to end such plans, and not due to aging populations, etc., etc.
“In particular two consulting firms advised many corporations on just how to end their company plans, plans that were otherwise well funded and could have continued. It’s an interesting book worth a read.
“Full disclosure: My airline defined benefit pension plan was frozen years ago and replaced with a generous 401(k) plan that I much prefer.”
The 5: Yeah, the “DB” pension is all but dead for nonunion workers in the private sector.
Now that UPS has frozen its pension plan for nonunion workers, it’ll be interesting to see what happens next year during contract talks with the unionized drivers.
But the far bigger question is what will happen for government workers. Illinois has a working budget again for the first time in two years — at the cost of a permanent income tax increase that will be only a Band-Aid on the gaping wound of a $250 billion shortfall in pension funding.
Meanwhile, Michigan just enacted huge reforms to the teacher retirement system. All new hires will go into a 401(k)-type plan with a default 10% contribution rate. They can still opt for a traditional plan, but if they do the costs will be split 50-50 between the teacher and the state. And there are fail-safes that will prevent assets from falling below 85% of liabilities.
Well, it’s a start…
The 5 Min. Forecast
P.S. Some people in our office are calling it the biggest event in our company’s history.
We don’t want to spoil it for you…
But it involves a patent-pending tool we bet will send shock waves across the financial industry. More important, it could have a HUGE impact on your retirement.
If you’re looking for a way to potentially make as much as $5,290… $10,200… and even $35,700… in seven days or less…
And do it over, over and over again…
It happens this Wednesday, July 12… precisely at 1 p.m. EDT.