Lessons From Previous Bear Markets
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- Опубликовано: 17 окт 2022
- Feel free to contact me if you have questions or comments.
Ben Reppond
(406) 871-3321
ben@reppondinvestments.com
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DISCLOSURES
This presentation is for informational purposes only and is not an offer of or solicitation of advisory services. The comparison of the volatility of Reppond Investments, Inc.’s strategies to the volatility of any stock market index is for illustrative purposes only. The differences between Reppond Investments Inc.’s results and those of the indices may be different due to differences in diversification and by the properties of the actual securities held by Reppond Investments, Inc. Different types of investments involve varying degrees of risk and there can be no assurance that any specific investment will be profitable or not.
Reppond Investments, Inc. does not make any guarantee that our strategies will or are likely to achieve returns like those shown in the performance graph in this presentation. Reppond Investments, Inc. reserves the right to trade different ETFs or mutual funds within a strategy than those reflected in the graphic shown. Stock market indices are unmanaged, broadly based indices, which differ in numerous respects from the specific portfolio composition. An investor cannot invest directly in these. Dividends and income are included in the index returns. The S&P 500 is a trademarked term of the McGraw Hill Company, and index data was compiled from sources we believe to be reliable. However, Reppond Investments, Inc. makes no representations or guarantees with respect to the accuracy or completeness of that type of data.
Past performance is not indicative of future results. Therefore, no current or prospective client should assume that future performance will be profitable. The historical performance results for indices and index funds, used as proxies for indices, are provided exclusively for comparison purposes. They are intended to provide general comparative information to help an individual client or prospective client in deciding whether the performance of Reppond Investments, Inc.’s strategies meet, or continue to meet, his/her investment objective(s). An investor should not assume that any strategy used by Reppond Investments, Inc. will directly correspond to any such comparative index.
Different types of investments and/or investment strategies involve varying levels of risk. There can be no assurance that any specific investment or investment strategy (including the investment strategies devised or undertaken by Reppond Investments, Inc.) will be profitable for a client’s or prospective client’s portfolio. All performance results have been compiled solely by Reppond Investments, Inc. and are from sources we believe to be reliable. They have not been independently audited or verified.
Investments in securities involve risk and the loss of investment principal is possible. Investments in securities will not always be profitable.
Hey Ben, I wanted to let you know that although I follow a few experts that provide information on the markets, macroeconomics, microeconomics and the like (think Ray Dalio, Warren Buffett and others), your information is my favorite to digest and by far one of the easiest to understand.
The fact that I have a background in economics helps but the way you're able to convey and simplify ideas is unlike any other. As others have mentioned the comments now and before, thank you for your unwavering dedication to producing, editing and publishing this content for your audience. God bless!
Thank you so much, Brandon, for your generous comments. I appreciate them.
Ben, adding Alfred was iconic. I've often used that image in my writings. Good work again! Cya in Dallas.
Thanks, Barry. When I thought of him, I thought of the similarities to the traditional buy-and-hold advisors/investors in 2021. I remember once being chided by a traditional-type advisor for the folly of using a tactical approach. Of course, he couldn't resist the pejorative of "market timing".
A lot of people are starting to feel some pain. As you know, our approach is to lower risk - especially in this type of market. My goal is to have what I say match our output. And of course, to stay humble. Yes, looking forward to seeing you, Dave and Dina Dallas.
Thank you Ben. I enjoyed this episode.
You are welcome.
"That's hard for me to comprehend in the face of reality" should be quote of the year.
Thank you
Do you upload these to Spotify?
No, I have not uploaded to Spotify. Is that what you prefer?
Thank-you Ben, always good to hear what your thinking.
My pleasure, Jim.
Mr. Reppond, thank you for your precise review and it has broaden the way I see financial trend with deeper understanding and how to look.
Looking forward for more.
Thank you so much
Thanks Ben.
Thank you
Another Great video Ben. Thank you. 😀
Thanks Mike.
thanks Ben. I always look forward to, and enjoy your videos.
Thank you
Great video Ben!
Thank you, Robert.
Great videos, please do them more often.
Thank you. Because of research time, I cannot do more than one per week.
I understand not yet to jump in. I’m following lots of mutual funds and stock from 1987 crash now.the companies that have been here since 1987 are very close to their 1987 price. in my life time nobody knows what’s beyond 1987 hardship or even remembers, most have passed and only grand children remember the stories. Market keeps coming back to 30,000. goes down to 28,000 on Monday by Wednesday back to 30,000. my question is has anyone taken into account for : the automated computer bots that can auto sell and buy to keep from losing money in customers portfolio ? How could this affect economy if stock market stays above 30,000..
Sorry, I don’t follow this or have an answer for you.
Thank you, Ben.
What's your take on silver and gold also dropping?
Garth, thanks for your good question. The price movement of gold and silver often confounds investors. It's moves up and down usually makes no sense because it is not tied to the equity or bond markets - most of the time. It kind of does it's own thing. The gold and silver markets are manipulated by the large buyers - usually countries or big banks. I am not an expert on this, but I have talked with those who are and this is my conclusion.
I am a fan of owning gold and/or silver in its physical form - not derivatives (ETFs and funds). I always say that you should not look at gold or silver as an investment, but as an insurance policy against the eventual devaluation or decline in the buying power of the dollar (long term). If the dollar ever becomes useless, I want something to barter with - something that is a store of value that is recognized as such. I prefer silver for several reasons - but primarily as a good tool to barter with if that is ever needed. I hope I never need to barter, but with the craziness of the world we live in, it is not too hard to imagine.
Back to your question. I do not care if the price is manipulated or if it goes down in value temporarily. I own it for other reasons. If anything, I see the decline in value as a good thing for those who want to accumulate some more.
Another point about the decline in value of gold and silver. We see this in terms of dollars. The US dollar is very high against other currencies right now. In the UK, Europe, China, India and China right now, gold has been going UP in price - because their currencies are devalued against the US dollar (as the reserve currency).
A good book that helped me get this into context is The Death of Money by Jim Rickards. He also has a lot of content on RUclips.
Hope this helps.
@@Reppondinvestments Thank you.
Am familiar with Rickards. Mentioning I live in Idaho should cast some light on my environment of prevailing attitudes. When clients ask about owning physical metals, I respond with, "When you need your gold or silver to buy stuff, what metal will be most precious?" Pause until the silence is uncomfortable. "Lead.
Once you need to use your silver or gold, you'll have to sleep with one eye open."
My intent is to prompt deeper thinking, not to opine one way or the other. When the bottom falls out, there's no place I'd rather be.
Garth, I have been heavily influenced by Jim Rickards and Jim Rogers. Both are prolific on RUclips and Rickards is a prolific writer. His book, The Death of Money, helped to open my eyes to how I think today. Towards the end of the book, he suggests a 15% allocation to gold or silver. That seems about right to me. When someone doesn't own any gold or silver, I suggest that they just start with SOMETHING. Try 1% or 3%, etc. Then add to it over time. I am having more and more people start to do that. Storage is a challenge and each person has to figure that out for themselves. Because of the strength of the dollar, gold is getting cheaper. However, in other countries, it can be at an all time high. Prices have everything to do with the currency you are working with. Thanks for your input.
This time it's a Global Recession...great content Ben..I always look forward to listening to you and will stay in touch.
Thank you, Eric.
Hi Sir, I love your videos! How do you think the solar eclipse and lunar eclipse will affect the stock market?
Thank you.
I don’t know.
Thank you Ben. Looking into my crystal ball, I see layoffs in the recession, inflation coming down, interest rates remaining higher than we have had in many years. When companies begin hiring back workers after the recession, I see them hired at lower wages than when they lost their jobs. A grinding deflationary exit out of the recession. People stuck with high mortgage and auto loans.
That all sounds in line with my thinking.
@@Reppondinvestments The future for paycheck to paycheck folks is going to be a tough road for several years going forward.
🙏🏾🙏🏾🙏🏾🙏🏾
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.”
Let’s look at some recent history. June 3, 2020, Klaus Schwab, executive chairman of the World Economic Forum said, “To achieve a better outcome, the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions…. In short, we need a ‘Great Reset’ of capitalism.” Ben please explain to your audience what they mean by a Reset of capitalism ?
Ben are we not witnessing the greatest transformation of wealth in human history today ?
Ben why don't you talk to your audience about these subjects ?
Daniel Gardner
Good points and good question. I realize that the agenda of the WEF is significant and important. But it is also political and probably controversial. Topics that divide us are everywhere. I have tried to keep this more apolitical and focused on areas that are not - or should not be - controversial. Also, I try to end each point I make with, "What can you do about it?" As much as possible. That said, I will look into this and see if I can learn enough to tackle this subject and still stay with my two main goals above.
@@Reppondinvestments I would also love to get your take on this whole "great reset" and its financial implications. But yes the topic can be rather controversial, unfortunately. At first I thought this whole wef thing was a joke lol. It is not....
I love these videos. To understand the world you must first understand what’s in someone’s wallet! Thanks for your hard work in producing these every week
Thank you
Do you think there is any chance at all of the United States stopping it’s Fiat currency (I understand this would take years and can’t be done overnight ).. I just came see any “Pros” for staying on a Fiat system at this point .
@TheBivona Fiat currency has always led to the collapse of nations. Not designed to help the citizens but to enrich the elite bankers of the world.
Great video
Thank you.