I want to talk to you about a live stream video I watched with my son last week involving a strange man in a mask.
Now I know this sounds weird, and it’s not something I’d normally pay attention to… but the magnitude of what this guy did is something that happens to traders every single day. It’s happened to a couple of my students (on a much smaller scale), and it’s probably happening to someone even as I write this.
And after the Dow, S&P 500, and the NASDAQ hit brand-new record highs yesterday, it’s something we really need to talk about right now…
As I’m sure you know, President Trump signed an executive order on Friday that halted enforcement of the Dodd-Frank fiduciary rule requiring financial advisors to put their clients’ best interests before their own.
This reminded me of when I used to travel all over the country to teach trading seminars. And in every one, my students would tell me all the horror stories their financial advisors would share with them to convince them to stay away from the most potentially lucrative trades in the market.
But keep in mind… there are the advisors who already act in a fiduciary capacity by keeping your best interests at heart, and then there are the “wolves of Wall Street” who only care about draining your bank account to fatten their own wallets.
The latter is who my students were referring to – and who I want to talk to you about today. These “advisors” only act in their own interests and have cost Americans $17 billion per year in retirement savings due to bad financial advice. And in a survey conducted by the Financial Planning Association, most of these advisors confessed to knowing very little about investing… beyond reading investment sheets.
Because of them, investors are being lied to about the easiest – and fastest – way to capture thousands in profits every single week.
Thanks to steadily declining sales, luxury designer, Michael Kors, has been working hard to rebrand itself. But in an exclusive interview with CNBC, Tom Gentile explains why it’s too late – and gives you three reasons to stay away from the stock.
After the Dow fell below 20,000 this week, many of the media pundits have been speculating that we’re due for an even bigger correction – and soon.
Personally, I think a pullback could be due because of all the selling going on as investors take profits at these record highs. I also think we could see the markets continue to climb as more and more investors jump back in to take advantage of the potential rally higher.
But there’s one stock that’s worth putting your money on… no matter which direction the markets go from here.
This company is the best of the breed in what they do and is a leader among a $19 trillion industry.
In fact, the stock has tripled in value, by 280%, over the past 12 months.
And with earnings coming out in less than a week, you’ll want to get in now…
Despite the stock market’s all-time highs, there’s one sector that’s been hitting some serious lows recently. In fact, the sector’s top exchange traded fund (ETF) is already down 3.1% year-to-date compared to this time last year and has fallen 12% from its 52-week high.
The outlook is even grimmer, with some pundits predicting the “extinction” of this particular sector in the future. Even JPMorgan Chase & Co., the largest bank in the U.S., is recommending its clients take a bearish approach to trading the sector.
But these three stocks have not only emerged as survivors of 2017’s worst-performing sector…