Ways To Protect Yourself From Bank Risk
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- Опубликовано: 1 июн 2024
- Follow Us on Instagram @reppondinvestments
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DISCLOSURES
Comparison of Reppond Investments, Inc.’s strategy to any stock market index is for illustrative purposes only. The volatility of the indices used for comparison may be materially different from the volatility of Reppond Investments, Inc.’s program due to differences in diversification and actual securities held by Reppond Investments, Inc. vs. the market indices. Different types of investments involve varying degrees of risk and there can be no assurance that any specific investment will be profitable or that you will not lose money.
Reppond Investments, Inc. does not make any representation that our strategies will or are likely to achieve returns similar to those shown in the performance graphs in this presentation. Reppond Investments, Inc. reserves the right to trade different funds within their strategies than those reflected in the models shown. You cannot invest directly in a stock market index, as these are unmanaged, broadly based indices, which differ in numerous respects from the specific portfolio composition. 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 such data.
Past performance is not indicative of future results. Therefore, no current or prospective client should assume that future performance would be profitable. The historical performance results for indices and index funds used as proxies for indices are provided exclusively for comparison purposes only, so as to provide general comparative information to assist an individual client or prospective client in determining whether the performance of Reppond Investments, Inc.’s strategies meets, or continues to meet, his/her investment objective(s). It should not be assumed that any Reppond Investments, Inc.’s strategy would correspond directly 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.
Performance from live accounts since 2019 does include our maximum advisory fee of 1.5% per year. All other data and charts do not include a maximum advisory fee of 1.5% per year.
Performance results of the strategies developed by Reppond Investments, Inc. do not reflect the impact of federal or state income taxes a client would pay on gains in a taxable investment portfolio.
Reppond Investments, Inc. is a registered investment adviser. We may not transact business in states where we are not appropriately registered, excluded or exempt from registration. Individual responses to persons that involve either the effecting of transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.
Thank you for your videos I have been watching as many of them as I can
Thanks again Ben - very informative 😊
Thank you Ben. I enjoyed this informative and interesting episode.
Thank you.
Ben, great stuff as always. What are your thoughts on saving silver bars in a variety of sizes? I.e. 5oz, 10oz, kilos. Or do you prefer rounds only? Thank you for the information.
Good question. Nothing wrong with silver bars. My preference though is for 1 oz. size. I guess 5 oz. would be OK. I just want something I can use to buy food and fuel if the SHTF. Larger sizes seem a little unwieldy if I am at the farmers market or gas station.
First: Don't use banks.
Second: Keep only enough income in your account to pay bills.
Third: With draw any extra and keep it in cash.
Gold, Silver and other metals are only as valuable if any one will except them. Food for thought.
@hectvega3876 fing out in your state, county or city. Will they accept color for tax payment. ( gold or silver). If my description of the above offends any one WELL WAAA WAAA. Silver can be made into eating utensils. Color ah what can you do with it? Color has one redeeming value. You can pound it flat and use it for paper to right on. It will never tarnishe. Copper wire different gages. Brass or copper pipe. Copper flats 18 0r 20 gage. Tin lead brass. These wo
If you buy from widely known online dealers like SD Bullion can you trust what you're getting or must you have everything tested ?
I have purchased gold 1oz assay bars only from known online dealers and have wondered slightly about them. I have stuck with mostly Canadian mint assay bars , I feel they are trusted.
My preference is to work with reputable brick and mortar retailers. Google ratings help verify their reputation.
Ben, outside the significant difference in price between gold and silver, any specific reason for silver? Thanks and appreciate the show.
Gene, excellent question. I will give you my reasons (in no particular order).
1. Warren Buffett owns 129 million ounces of silver and no gold.
2. The gold/silver ratio is around 85-90:1 and that favors silver.
3. I want a size that lends itself to bartering for food and fuel if we get to that point. That is a huge factor for me.
4. I view silver (and gold also fits in this category) as an insurance policy and not an investment. I truly don't care if if goes up or down this month or this year. I hope I never need it, but if I do, I won't care what it's value is that day.
The negatives are that larger quantities of silver are more challenging to store - vs. gold.
You can google pros and cons of silver vs. gold. Lots of info out there.
@@Reppondinvestments All good and valid points. Where does on store 129 million ounces!! Thank for taking the time, Ben.
I don't know. Probably a very secure private vault/bunker that is hidden from everyone. When money is no object, it would be no problem to create amazing security.
I just remembered two more reasons that favor silver. 1. Silver conducts electricity and can be used in all sorts of industrial applications.
2. Silver has never been confiscated, but gold has been.
Fear is important for survival. Uncontrolled fear is deadly.
Thank you.
Merci beaucoup Monsieur Reppond. Great informations based on your son knowledge.
Thank you
Mr Reppond, Which rating service do you use?
Weiss
Thank you for your videos. Very informative
Thank you
Great video! You cracked me up about Dave Ramsey and Jim Cramer because it's so true!!
Thank you. They have both learned how to milk the public - especially Dave Ramsey. He knows how to use that good 'ole boy Southern accent with some Bible verses to con people to give him their names so he can sell the names to unsuspecting and unsophisticated investors.
@@Reppondinvestments 🤣🤣
Once again, always informative.
Thank you, Keith.
Great information much appreciated
Thank you Michael.
Best place to buy silver ?
I would buy from my son, Preston. If you want his contact information, give me a call at 406-871-3321. You can also contact a precious metals dealer in your area. I gave you some information so you can compare prices and markup. Either way, you are dealing with brick and mortar businesses and not an online company. Some are probably OK, but I have heard some sad stories of people being taken advantage of or losing their money. Just be careful who you do business with. Check their Google ratings and reviews.
how safe are credit unions?
Generally speaking, credit unions tend to have less risk and less baggage than banks. However, there are large differences from one to another. Feel free to reach out to me if you want me to get you some financial information on your credit union.
Which credit union are not at risk?
The reserve requirement for banks now since the pandemic is now 0%
Thanks for the information.
Ben, I heard that SVB had a AAA rating up until they imploded. You sure it was a B?
Hal, both may be correct. You are referencing one rating service and I am referencing another. The one I am using is probably more cautious in it's ratings.
1 cent on the dollar, and the stock price went down, to say the least, that's character building, resilience or?
True.
how do we call you?
You may call me at 406-871-3321.
Are credit unions riskier than banks?
It depends on the credit Union. But many are well run and are community minded. Worth considering- if the ones you are considering are well managed and well rated.
@@Reppondinvestments Thanks for the info! I tried to look up my personal credit union, but NCUA uses the CAMEL rating system….which isn’t public information unfortunately.
10 to 1 ?? I have the understanding that in 2021 this was changed to 10 to 0. Please check.
Correct. I was able to find that. Thank you.
@@Reppondinvestments Scary