Tag Archives: Russia

POCKETBOOK Week Ending Feb.1, 2019

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  • Golden appeal

Turns out, central banks bought more gold in 2018 than any years since 1967, according to the World Gold Council. That’s good news for anyone loving this precious metal—just not always profitable news.

Surprisingly, that increase in what gold was being used for wasn’t in jewelry. Nope, counties such as China, Poland, Russia, Turkey and Kazakhstan have been adding it to their reserves. Jewelry demand, on the other hand, was pretty much unchanged.

We’ve been told that gold is generally thought of as a good bet during times of political or economic unrest and turbulence. And, it’s always been thought of as a kind of balancer, or hedge, to one’s existing equity portfolios during volatile markets even though making money from it hasn’t been a slam dunk.

That said, if you’ve an interest in the glittery stuff, here’s a brief look at how its per ounce price has performed over the years according to data from KITCO.com;

-10 year high 1900.30; low 868.70

-5 year high 1382.; low 1050.6

-1 year high 1353.30; low 1173,70

-Today, Monday, Feb.4, 2019 at 2:52 pm—1313.70

“Economic uncertainty, slowdown, (and the) U.S.-China trade conflict supported investment flows,” said the World Gold Council’s head of market intelligence, Alistair Hewitt who added. “This dynamic is likely to run through 2019.”

 

  • Market Quick Glance

Nice jump ups last week on the year-to-date returns for the three indices followed here. But can that trend, if it is a trend, continue? Time will tell.

Below are the weekly and 1-year index performance results for the three major indices—DJIA, S&P 500 and NASDAQ — including the dates each reached new highs. Data is according to CNBC.com and based on prices at the close of business on Friday, Feb.1, 2019.

DJIA 7.44% YTD up from the previous week’s 6.04%.

  • 1 yr. Rtn -4.29% improved from the previous week -6.2%

Most recent DJIA a new ALL-TIME CLOSING HIGH was reached on Oct.3, 2018 of 26,951.81. The previous high was reached on Sept. 21, 2018 of 26,796.16.

 

-S&P 500   7.97 % YTD down from last week’s 6.30%

  • 1 yr. Rtn -4.09% improved from last week’s -6.15%

The S&P 500 reached a BRAND NEW CLOSING ALL-TIME HIGH on Sept. 21, 2018 of 2,940.91. The previous closing high was reached on August 29, 2018 of 2,916.50.

 

-NASDAQ 9.47% YTD up from last week’s 7.98%

  • 1yr Rtn -1.65% improved from last week’s -3.32%

NASDAQ reached a BRAND NEW 52-week CLOSING HIGH on August 30, 2018 of 8,1333.30. The previous high was reached on August 24, 2018 of 7,949.71.

 

-Mutual funds

Repeat from early January:

Looking up.

At the close of business on Thursday, Jan. 10, 2019, the total return for the average stock fund under the broad U.S. Diversified Equity Fund heading was 4.70%, according to Lipper.

Looking at the fund types with the highest year-to-date gains under the various headings shows the following:

-U.S. Diversified Equity Funds average, 4.70%; highest Equity Leveraged Funds, 11.08%; lowest, Dedicated Short Bias Funds, -8.88%

-Sector Equity Funds average 4.88%; highest Energy MLP Funds, 11.74%; lowest Alternative Managed Funds, -2.20%

-World Equity Funds average 4.07%; highest Latin American Funds, 9.01%; lowest India Region Funds, -1.23%.

Visit www.allaboutfunds.com for more information about how various equity and fixed-income funds have rewarded investors over the short-and long-term, based upon Lipper data. Short-term meaning weekly and monthly performance returns; longer-term includes quarterly, year-to-date, 1-yr, 2-yr, 3-yr and 5-yr returns.

 

  • Christian Investing

I remember learning that it was easier for a camel to get through the eye of a needle than it was for a rich man to get into heaven. I’m going to guess that the folks who run the various portfolios of the Timothy Plan might see that differently.

The Timothy Plan group of funds was created 25 years ago to meet the needs of Christian investors who didn’t want their money invested in companies that support things such as pornography, abortion, wars, any anti-family causes or simply companies whose products run contrary to the teachings of Scripture.

To date that’s paid off for them as the family now has over $1 billion under management.

From their recent press release: “The impact of our investments affects more than the return column on our account statements, it enables companies of high moral character to establish a greater presence in our community at large—Kingdom Impact Investing.”

Believers in that style of investing can learn more about their funds, fund performances, etc.  at TimothyPlan.com.

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TrumpBits#23: Seeing Russia?

FullSizeRender(92)It looks as though Sarah Palin has spotted something. Could it be Russia?

What better representative for the Republican Party than Sarah Palin.  She’s the headliner at the Palm Beach County Republican Party’s Lincoln Day fundraising event on Friday.

If you wanted to attend, forgetaboutit. The receptionist at  Mar-a-Lago today told me that the event is “sold out”.

Bummer. Was hoping to learn more about Russia from this seer.

 

pbTrumpBits#5

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Gotta be one of the best aerial shots of PB property ever. But these lots aren’t just idle pieces of beachfront that have been sitting vacant for years. No. No. No. Once upon a time this land housed one sprawling mega-mansion that belonged  Abe Gosman,  then it was  bought by  Donald Trump, who sold it to  Dmitry Rybolovlev  and now it could be yours.

Fabulous photo. Fantastic opportunity —for a privileged few.

Need a grounded connection between Trump and the Russians? Okay, the links have not been totally proven but the stories swirling make for interesting reading, if nothing else.

But forget the reading and rumors, there aren’t many chances left in America for anyone to own some breathtakingly beautiful beachfront property in the one-and-only town of Palm Beach. And that’s no fertilizer bull.

Lawrence A. Moens Associates, Inc.  is the fortunate Palm Beach licensed real estate firm  with the exclusive listing. In a recent full-page ad about the listing it was described it as follows: “There is no greater opportunity on the eastern seaboard on the Continental United States”.  The Moens ad makes a good point; the property is indeed  a rare find.

With that said, each lot is currently priced under 40 million dollars. Yes, that’s 40 with six zeros after it.

Some might consider that a deal—or the art of a deal. Others, maybe not.   Trump bought the property from bankrupt  Grosman  for $41.35 million in 2004 then sold it to Dmitry for $95 million in 2008. Now with Dmitry divorced–not even sure he ever lived in it but know Trump didn’t — the house has been demolished and the property divided into three lots. The first of which sold a few months ago for $34.34 million.

You do the math.

(Source: I took this picture and to see the full-page ad, see page B8  of the Palm Beach Daily News, March 10, 2017.)