This is who I am as the Editor-in-Chief of New World Investor. These are my core investor principles and it drives every financial decision I make.
1. I believe high-frequency trading is stealing money from real investors, and should be banned.
2. I believe naked short-sellers should be arrested, because it is illegal. (You’d never guess it by the way the SEC panders to them.)
3. I believe Jon Corzine should go to jail for stealing customer funds, and I think the MF Global bankruptcy trustee should be replaced immediately for confiscating customer assets into the bankruptcy and not retrieving the huge MF Global payments to JPMorgan.
4. I believe index funds are complete BS, based on faulty math that the sponsors know is wrong.
5. I believe mutual fund fees over 1/2% a year are unconscionable, and added marketing fees are outrageous..
6. I believe anyone who pays a hedge fund 2% a year plus 20% of their profits is dumb as a rock. That goes double for income hedge funds, and triple for funds of these funds.
7. I believe buying the top 100 S&P 500 companies and expecting to outperform the index because you are smarter or know more than the 50 sell-side and 5,000 buy-side analysts following those companies is delusional.
8. I believe anyone who thinks either political party caused all our problems or can solve all our problems has been completely fooled by those who benefit from the Federal Reserve system.
9. I believe the U.S. is headed for an economic crack-up unless it radically changes direction – and I don’t see any leaders or many voters ready for radical change.
10. At the same time, I believe the U.S. could dominate China and Europe for years if it could get back to the principles that made our country great.
11. Finally, and most important, I believe individuals willing to buy carefully-researched small-cap stocks that have not been picked over by the institutions, and hold them until critical events occur, can make a fortune in the stock market.
I believe individuals who come together in a Mastermind group can support each other and add significant value to the investment ideas I identify. I believe those who are tired of being sheep to be shorn by the Wall Street system, and are willing to do a little work and due diligence, can vastly outperform the market.
If you believe the same things, join us with a no-risk Trial Subscription to the #1-rated New World Investor today!
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