Article

2018-01-29 Economy

[Banyan Hill] A massive stock market rally continues to surge higher, with the Dow hitting 41 record highs in the last nine months alone.

Many distinguished investors and economists see this epic rise as only the beginning. Ron Baron, CEO of Baron Capital, is calling for Dow 30,000. Jeffrey A. Hirsch, author of Stock Trader’s Almanac, has called for Dow 38,000.

And billionaire icon Warren Buffett threw even more fuel on the bullish fire, calling for "Dow 1,000,000." But as shocking as that may sound, it’s Paul Mampilly’s near-term target of "Dow 50,000" that is garnering national attention.

It’s not because it’s a bold prediction, but rather because every one of Mampilly’s past predictions have been dead-on. Like when he predicted the tech crash of 1999 and the time he called the financial collapse of 2008 ‐ months before they unraveled.

Mampilly’s predictions paid off big as the $6 billion hedge fund he managed was named by Barron’s as one of the "World’s Best."

And Mampilly became legendary when he won the prestigious Templeton Foundation investment competition by making a 76% return ($38 million in profit on a $50 million stake) ... during the 2008 and 2009 economic crisis.

In a new video presentation, Mampilly states: "Stocks are on the cusp of an historic surge. The Dow will rally to 50,000. I’ve never been more certain of anything in my career."

Posted by Besoeker 2018-01-29 00:53|| || Front Page|| [30 views ] Top

#1 If so, investing conservatively will be profitable enough, and I’ll sleep better at night.

But this will be fabulous for the retired cohort living off their investments. My mother has had no interest to speak of over the past eight years, and dividends have fallen as well, so she’s had to dig into her principal. This makes her unhappy. Granted, at 91 this is less of a concern than it might otherwise be, but her uncle lived to 107. It will be even more important for the Millennials, who’ve fallen so far behind older cohorts at the same stage, both in terms of wages and investment growth.

Posted by trailing wife 2018-01-29 05:31|| 2018-01-29 05:31|| Front Page Top

#2 For what it's worth observations:

No dividend... no buy. Stock pays moderate dividend (1.5% to 4.0%) for over 15-20 years without interruption? Good to go. High dividend payers can be very risky. Sector diversification is key. Don't become wedded to any individual stock or sector. Re-investing dividends allows dual track growth. Market futures investing? - no way Jose.

One man's definition of success is achieving a return 2-3% above bank passbook rates. Bottom line, monitor your portfolio, do not invest money you cannot afford to lose, and keep cash on hand (in bank) as well.

Posted by Besoeker 2018-01-29 09:56|| 2018-01-29 09:56|| Front Page Top

#3 I get above 5% on HSBC

Posted by Bright Pebbles 2018-01-29 10:25|| 2018-01-29 10:25|| Front Page Top

#4 HSBC is a good pick and it is making a market comeback.

Posted by Besoeker 2018-01-29 10:28|| 2018-01-29 10:28|| Front Page Top

#5 Luring the greed of passive retirees.

Posted by Skidmark 2018-01-29 18:46|| 2018-01-29 18:46|| Front Page Top

#6 Even with decent earnings reports, forward P/E rations are still at or above 22, way above the historical norm of 15 or so.

Posted by Raj 2018-01-29 20:49|| 2018-01-29 20:49|| Front Page Top

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